The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-21
I.II|'.3!::| .I!!.L.llIZ.I.INE!
FINANCE AND TRADE
This Features OF the Money and stock
Markets.

rms Features OF the Money and stock
Markets.
NEW YORK, Dec. 2O.-Money on call
firm at 2IkG4 per cent; last loan per
cent; closed at o,sa3 per cent, Prime
mercantile paper SlsGl.s per cent, ster-
ling exchange easier, with actual bust
ness in bankers bills at 81 S4Isa4 So for
demand and at 81 Sl7sd4 SEA for sixty
days, Posted rates 81 SSql SS,s and
81 seq, Commercial bills 81 Sl1s. Silver
certificates 56Ad57%c, Bar silver 5SI4c.
Mexican dollars 45Isc,
After few spasmodlc efforts to con-
tlnue the rise of Saturday, to-day's
stock market fell back In a decline and
failed to recuperate. The aggressive
strength OF some OF the speelaltles at
the opening served to sustain the mar
ket for a time and TO give 1t an appear
Gnce OF strength, but realizing sales IN
the general list went hand in hand with
the manipulation for rise in special
Ties and even the stocks which had
shown wide gains lost practically all
after the large operators had taken
their profits In the general list. The
coalers We're strong as group on ac-
count of the growing belief In an
agreement to restrict production and to
keep up prices, They were also helped
by the cold weather and the consequent
increased demand for the product. New
Jersey Central was at one time two
points higher and Reading first prefer
red rose to near 81. Sugar crossed $40
| during the day. Manipulation OF the
Pittsburgh, Cincinnati Chicago & st.
Louis stocks advanced the common 3k
per cent and the preferred 2Is per cent.
| Consolidated Gas was also points
higher at one time. None OF these gains
was entirely held and some Of them
were practically wiped out, Union Pa
cl1c was another stock that enjoyed a
period of strength In the late dealings.
| but 1t also reacted. Kansas City, Pitts
burgh & Gulf. which is not usually very
conspicuous, attracted attention to-day
| By a sudden break OF something over
4 points and as sudden recovery OF al
most all the declines. The first mort
| gage bonds OF the company reflected
| the weakness of the stock, though not
| to as marked degree. There was no
news to account for the condition OF
| this stock. The conditions In the money
market continued to dominate the sltu-
| alton in the stock market ard the stiff
fleming OF the rates for call loans to "a
per cent In the late trading to-day
| checked the hopes OF those spectators
| who thought they saw an assurance OF
continued ease In money by imports OF
specie. No doubt Is felt that the large
trade balance In our favor is sufficient
security against any real strlngency in
money In New York. But II Is not be-
leved that per cent rate for call
money will result In a movement oi
specie In view OF the existing high rate
\ OF money IN London and in the Euro
pean centers. There is not much pros
meet OF easier money until after the
first OF the year and until that time a
halt In speculative activity in securities
is felt 20 be probable. In what is known
as the outside market standard oil IL
quidating certificates were active and
strong and sold as high as SlSia.
The bond market was not as active as
of late, but prices held firm with the eX'
cepton OF some Of the speculative
bonds. Total sale sl,5OOOOO. United
States As both OF 1925 and OF 1907 were
4 per cent lower bid to-day.
The total sales OF stocks to-day wert
27S,4OO shares.
Evening Posts London financial ca
blegram:
The stock markets here to-day vert
of the holiday kind, with irregular
movements and rather dun tone gen
orally because OF the territorial SQUAD
BILE in China. Japanese bonds were fiat
Americans were good on New Yorh
support and closed steady.
There Is surprise here that New
York should he looking for gold, the be-
lief here being that none will 70 there
from London unless either the New
York market rises considerably or thu
London market declines; neither o
which appears probable at the moment
BONDS AND STOCK QUOTATIONS.