The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-09
FINANCE AND TRADE
The Features or the Money and Steel
AInrIknta.


The Features or the Money and Stock
Markets.
NEW YORK, Dec. S,-Monev on call
easy at 1hG2 per cent; last loan 2 per
cent. Closed at 1909 per cent. Prime
mercantile paper 3@4 per cent. Sterling
exchange weak, with actual business in
bankers bills at 81 S5A@4 S57s for de-
mand and at 81 S9k@4 S2% for sixty
days, Posted rates 81 S31s94 81 and
| 81 S6Jk@4 81. Commercial bills 81 S2h.
Silver certificates 59h@6Ohc,. Bar sill
yer 59Hc. Mexican dollars 46Ac.
The stock market opened this morn
ing with tremendous show OF ANNA
ton and vigorous upward tendency,
gains being uniform pretty much
throughout the list. 1t was evident that
the strength displayed by the market
yesterday had brought orders to the
commission houses to buy stocks. There
was also buying for London account, for
the first time in several days, the ad-
vance In prices here apparently falling
to tempt arbltrage brokers to sell. Their
purchases OF st. Paul were on quite a
luTRt SGttlt anu lIltl dlSO bOubul llllJi
Pacific, but there were sales OF Louis
willie and Atchison for London account.
Sugar was the one exception In the
strength of the market at the opening,
but It's loss soon widened and heavier
liquidation In the stocks set In, Offer
lngs being very heavy and active cup
port being of no avail to recover It's
losses A rumor OF an extra dividend
was thoroughly dlscredlted and vester-
days gain was In consequence COM
pletely wiped out before the announce
ment Of the regular dividend The stock
was very feyGrish all day and iuctu-
ated widely and frequently, hut worked
constantly towards a lower level and
closed near the lowest at net loss of
Az per cent. Total sales nearly 10000
shares. consolidated Gas was also q
mark for the reactlonists and dropped
at one time ~ points. The consequence
was that the market was kept unset
tied all day. When the general adj
vance came to stop, dullness inter-
Vened and there were frequent rallies.
Early in the final hour, prices Of many
stocks were at the best, but the final
drop In sugar again weakened prices all
around and left net gains confined to
fractions in almost all cases and fair
sprinkling OF losses through the list.
One of these losses occurred in Mime
apolis and st. Louis second preferred.
which had been advanced in the
morning on rumor that the
dividend was to be increased and which
reacted on the announcement OF the
regular dividend. Union Pacific also
was heavy on account of the steps ta-
ken by the government to qualify as
bidder at the Kansas Pacific sale. Other
stocks inclined TO heaviness were West
ern Union Manhattan, Metropolitan
Street Railway and New York Central.
Southern preferred continued the adj
vance which was begun on yesterday
on rumors of an approaching dividend
and rose at one time l9S per cent. To-
bacco also developed late strength, but
reacted before the close, Cleveland Gin
cnnat Chicago & st, louis enjoyed the
benefit OF favorable statement Of
earnings for the fourth week In Mo-
vember
The activity displayed by the bond
market was quite remarkable, sales for
the FIRST hour approaching one and
thrCe-quarter million dollars in par
value and 1t is said breaking the record
for one hours business, There was some
decrease in activity later In the day
but the tone OF the market continued
strong and prices Of number of bonds
OF the middle grade moved up from one
To two points Some OF tho high grade
bonds showed heavy gains Total sales
sI,25O,OOO
Government bonds firm.
state bonds dull
Railroad bonds strong.
Tho total sales OF stocks to-day, were
1876. 500 shares.
Evening Posts London financial ca
bleuram:
The markets were to-day lnactivc,but
cheerful, the features being the buoy
ancv of Americans aud ArRcntlnes. IN
tho former the tone was entirely due to
New York support There was good
feeling here, but little action, So npn.
thotlc are dealers that Secretary Cages
currency plans had little effect or
co,,rge, il is felt that II his scheme for
nm lgsllc of 2A per cent bonds repay
oble In principal and interest IN gold
coin, IN carried through q great stride
woul be made towards currency re-
form.
Prices closed at tho best
The PARIS markets we're irregular and
the Berlin markets flrm'
poNDs AND STOCK QUOTATIONS.
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baltimore q OhlUuu,",r"urup'"' iis9