The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-31
FINANCE AND TRADE
The Feature, OF the Money and Stock
Markets.

The Features OF the Money anu stock
Markets.
NEW YORK, Dec, 3O.--Money on call
firm at 3Is@i per cent; last loan J per
cent; closed at 2is9 3 per cent, Prime
mercantile paper Stsa4% per cent. ster-
ling exchange strong with actual bust
ness in bankers bills at 81 S4EG4 So for
demand and at 81 S2d4 ssH for 60 days.
Posted rates 81 S2M@4 SO and 81 S5is9
SC. Commercial bills 81 81. Silver cer-
tificates 57A65S.c. Bar silver 67%c.
Mexican dollars 46Ac.
To-days stock market was remark
ably narrow and irregular. the highly
speculative securities absorbing prac-
tically the whole OF the limited dealings,
In which no one but professional room
traders took any part. There was no
reelection OF any news In the course of
prices. There We're evidences OF large
realizing In some OF the securities Of To-
cal corporations which have recently
been advanced by the buying OF COM
blnatlon OF interests. But the decline
thus effected In these stocks invited
buying again and restored the earlier
losses, In some cases carrying them es-
sentfafiy above the previous level Met
ropolitan Street Railway was the most
conspicuous in this group moving over
n range Of 3 points, Manhattan moved
less extensively In sympathy. Consol
dated Gas fell points on the admitted
failure OF the attempted local gas com
binatlOn, but covering OF shorts brought
It back to last nights close. The other
speciaIies moved with equal irregularity
and their changes on the day are small.
Pennsylvania enjoyed the benefit of
current reports OF heavy earnings by
that company and touched lis, but re-
acted on profit taking. or stocks not
usually active. Mobile a Ohio and Buf-
falo. Rochester & Pittsburgh came into
prominence by reason OF advances OF
about points each. Otherwise changes
were unimportant
A feature Of the day In Wall street
was the vigorous strength OF the foreign
exchange market, actual rates for ster-
ling advancing X to y all around over
yesterdays quotations There is still
some demand TO satisfy for remlttances
TO Europe In payment of dividends and
interest on American securities held
abroad coming due at the first OF the
year. Exchange bankers attribute the
strength OF to-day's market TO an in
vestment demand and this investment,
they say, Is based on prospects OF cheap
er local rates for money A fall IN the
local rates for money would lead to q
renewal OF The lending OF credits abroad.
Nevertheless there was no evidence OF
softenlng In to-day's money market, no
loans being reported at less than 3ik
per cent, and others being made at
per ent. The sub-treasury was
debtor again to-day at the clearing
house to the extent OF over 100000,
and the Tepletlon Of the money market
from that quarter IL expected TO con-
tInue until after the end Of the year.
Transactions In bonds were not on n
large scale but prices were firmly held.
Total GALES Si,GT5,0O0.
L. $. IS rose Il bid, 90 coupon IS and
new IS X.
Total sales OF stocks to-day were lG2,-
400 shares.
Evening Post's London financial ca
blegram:
The stock markets were quietly steady
to-day with consols prominently firm.
Americans had a dull opening but later
recovered. There was no business any
where
There Il expected that fair amount
OF gold will 10 Into the bank tomorrow
from Australia. the demand In the open
market having slackened considerably.