The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-28
FINANCE AND TRADE


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Markets.
NEW YoRK-Money on call firm at
Sd4 per cent; last loan per cent; closed
at $685. per cent, Prime mercantile
paper 9isd4S per cent. Sterling ex-
change frmer, with actual business i'll
bankers bills at 81 siaa4 SI1A for de-
mand and at 81 Silsdl Sl% for 60 days;
posted rates 81 S2isG4 50 and 81 S5ls@
4 Sc; commercial bills 81 81. Silver cer-
tificates 51@5Sc. Bar silver 57c. Mex-
can dollars 49SsG.
The only active interest on to-day's
stock market was manifested by profess
slonal traders and they devoted them
selves almost altogether to the recent
speculative favorites of the market
which are comprised in one group known
as the specialues and more particularly
the stocks OF local corporations and ;rdc-
ton companies. lie tone OF the trailing
was unsettled and mt times decidedly
feverish, The strength Of the special
ties caused Strong opening and upheld
prices In the general market so far as
there was any movement. A marked
weakening in Sugar and general move
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stiffness of money and to some extent TO
expressed apprehension over the threat
enlng developments In the far west car
rled prices below last weeks level, where
they remained In the case OF many lead
Ing stocks until the close. To-day was
holiday In London and there were no
quotations for British consols, the ac-
cepted barometer of European politics.
fNl,at.A tya9 hnMDHafs TplHtOrr nm tbN pnu-
tinental bourses and reports from there
did not indicate any acute apprehension
over the outlook In China. There were
some railroad stocks which showed eX-
ceptiOnal movement, One of these was
Chesapeake & Ohio. which was bought
heavily by leading bull operator and
which advanced nearly a point, The AZ
per cent bonds OF this company were also
In good demand and advanced ~ per
cent. st. Paus net earnings for No
vember, sowing an increase Of S2l47S7,
failed to sustain that stock. which shared
In the heavlncss Of the whole granger
group. except Burlington, which was
particularly active. The third week
statements at hand Of southwestern
railroads were not favorable notably
that for Kansas & Texas which showed
Il decrease OF S93,AgS and for st. Louis
Southwestern with falling Off Of over
$4,000 as compared with last year
The actlon IN the money market hinged
on Union Pacific payment and the Pa
Clnc bonds redemption. The sub treas
ury's debit balance at the clearing house
to- day was N3j7, 1888 and this about rep
resented the government checks for re-
deemng the Pacific bonds which have
come through the banks More were
coming to-day ana the government II
stlll sending out checlSs from Washing
ton for their further payment. But
money from this source had not come
back Into the market with sufficient free
dom to prevent It's feeling tO.day's Union
Pacific 10 The government OF about ts,-
100000. even though HOOO.OOO OF this IL
left by the government on deposit In
New York. There was considerable call.
ing OF loans to-day aud the ratio paid to
replace them ranged from az to AZ per
cent, with the majority at per cent.
There was rise also IN the rates OF the
stefllng exchange to-day which pre-.
cludcd the idea Of any immediate future
gold Imports, IN the final dealings There
were fomc sharp reactions In the special.
ties and the coalers which wiped out all
the previous gains and In some caBoa left
prloos materially lower, Manhattan
was notable exception, closing near the
top at net gain OF 2Ss per cent. Most
gains In tho general market were rather
narrow aud mixed The tone OF the
bond market was firm and In some cusea
sharp gains were shown, Total sales g..
600 600
United States old "a registered were
x per rent lower bid.
Tho total sales Of stocks to-day were
2S7, 400 shares