The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-24
FINANCE AND TRADE
The Features of tho Money aud stoel
lInrIlrin

uhFhtNAs
NEW YORK. Dec. 2S,-Moncy on call
firm at 3a4 per cent. last loan 4 per
cent; closed at 3isa4 per cent. Prime
mercantile paper Slaa4 per cent. ster-
ling exchange weak with actual busl-
ness In bankers bills at 81 silia4 S49s
for demand and at 81 AlS4 Sl9s for 80
days Posted rates "a S2isa4 50 and
81 S5i4a4 Sc. Commercial hills 81 SOla
IA 81. Silver certificates 57asI5SHc.
Bar silver 57asc. Mexican dollars 4j%c.
Several factors combined in the last
hour of trading on the stock market to-
day to lift 1t out Of the dullness and de-
preston which had been its character
all day. and TO raise prices sharply
above last nights closing level. One OF
these factors was the subsistence OF APP
prehenslon earlier in the day caused by
the closing Of the Chestnut Street bank
in Philadelphia. Another was that the
Joint Traffic Association had succeeded
in securing measures going to assure
the restoration and maintenance OF es-
tabllshed tariffs on live stock, provisions
and grain from western to eastern ports,
Still another was the announcement
from the treasury department at
Washington that sufficient amounts OF
thecurrency skies were being offered for
redemption on December q in accord
anee with the governments prefer 20
assure relief to the money market from
the scarcity threatened by the with
drawals OF the Union Pacific payment
to the government. And another fac
tor was the news from Albany that the
railroad commission had extended by
two years the period for equlpplng
freight cars with automatic couplings
in New York state. a number Of spe-
claltle5 which had showed marked
Strength all day took on renewed buoy
ancy at the close and helped on the rise,
The movement In the general list wR9
not important, the trading being In
small volume and representing little
more than tLq covering OF traders
short contracts. The Vanderbilt roads
failed to make any substantial recoy'
cries from yesterdays depression on &C
count OF the unfHvOrablc quarterly
statements. Canada Southern Is Ia
lower and Michigan Central ~ lower
on the day. Lake Shore was bid down
2 points but without any transactions.
The days business, however, was large.
~ absorbed by the speclaltleS under
fine influence Of special causes. Third
Avenue gained 0 points on top Of yes.
terday's rise OF points. Metropolitan
street Railway rose nm additional
points and Manhattan MS much. Brook
lyn Transit, Sugar, Peoples Gas and
New Jersey Central are over n point
higher. These securities not only show
tho largest gains but absorbed the
creator part OF the days business
Gail money loaned as high as per cent
again and did not yield below Q per cent
There was n further fall Of 4 In the &c.
tual rate for demand sterling and OF Il
for cabeg aud long sterling. Demand
gterilng IN now at the lowest point
touched since the gold import move.
mont In September, namely 81 Sih, The
rntos for money In London and Berlin
nre gtlnly held and some apprehension
Of n squeeze before January / " report
ed from London, This serves to Offset
Tho weakness In the exchange rates,
Tho bond market WAS dun and rather
benyv. Total sales SlAO,00O. u, &. A.
and old IN registered are a lower nnd
Tho M coupon X lower BID
Tie total nalca Ut stocks ot to-day
were 2i2, 900 shares,
Evening poDrB London financial ca.
T6o stock markets here were lIrolosg
io.dny. COnHolg were ndvcrHcly affect.
ed by politics aud dear money A tlHe
ln Tie bank ratio mex year would not bo
wholly surprising, Thot" was q further
'tf'.''H a..