Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-17
FINANCE and TRADE.

fMRNb[ MID lhhD[.
New York, December 16.-Money on
call easier at 1903 per cent: last loan
2 per cent; closed offered at Ia per
cent
Prime mercantile paper 3@4 per
cent.
Sterling exchange weak with actual
business in bankers bills at 4843s485
for demand, and at 1927 for 60 days;
posted rates 4S30484 and 486@487.
Commercial bills 4S1R.
Silver certificates A@57Ac.
Bar silver 55&c.
Mexican dollars 45Ac.
Government bonds steady.
State bonds dull.
Railroad bonds easier.
Stocks--The hardening Of the rate
for call money has taken the heart out
of speculation in securities for the
time being The rate for call money
held firm at 8 per cent all day to-day
until near the close of the stock mar
ket, when there were transactions at
3 per cent with offerings at Ia. The
Union Pacific reorganization commit
tee to-day paid into the sub-treasury
$500, goo in cash, the credit balance
of that institution at the clearing house
being S7,677,73 1t is the general be-
lief in banking circles that call money
will not yield below 8 per cent before
the end of the year and may rule high
err. The accumulation of funds in an
ticipation in January disbursements OF
dividends and interest will make furth-
er demand On the money market. Bank
ers deprecate the idea that there is
any stringncy Of money in prospect in
view Of the fact that the government
will redeem the currency SKIES to the
amount of over $29 900, 900 on Deem
Der "a, before the next installment is
due on the Union Pacific payment.
Rates for time money for the shorter
periods were marked up to-day as we'll
as those for call money, the quotations
being 31a04 per cent for sixty and
ninety days. Although there is still
some movement of currency to points
In the south and west, the stiffening
of the money rate was reflected in
rise in the rates of domestic exchange
on New York at interior points. The
rates for sterling exchange also re-
spon6ed sharply, posted rates falling
- a cent and actual rates 81 of cent.
This was a very clear indication Of the
resources at command botn in the large
credits abroad and III the abundance of
money in the interior, deposits being
reported to be of unprecedented vol
ume and prices of gilt-edged securities
for investment at the highest level
known. Both deposits and loans of
New York clearing house banks are at
high water mark. the former amount
ing on Saturday to $675, 1863, 500, and the
latter S607 ,725, 800. The loans include
a less amount of time loans than usual,
and New York banks. also have rather
light holdings of commercial paper.
The proportion of money in call loans
is the largest On record. The calling
of some Of these loans has apparently
nut some stock exchange operators to
: inconvenience, but there is not yet APP
parent any very strenuous demand for
money.
The bond market was fairly active
and was a trife easier On the late deal
ings. Total sales, $3.50, coo.
United States new As are Is lower
bid.
Quotations closed bid:
U. S. new As registered. :. :. =. ..129A
L. S. new As coupons. .. 49,. 1884
u. .. is registered lilo
Y. 5. As coupons Observation-Disclosures. Liza
L. S: IDS .......... NEUTRALITY-SUSPICIOUS.. 1872
i. S. IS registered .11412
y. s. IS coupons .................:.... .ll41a
racine bS Cl S5............. lOz9s
Atcnlson:. ........ -. -. los
Do preferred. :. :. =. :. $50. 800. 30la
Baltimore and Ohio :. 49,. :. :. 1212
Canada Pacific. =. :. :. :. -. ........ 81
Chesapeake and Ohio. :. :. :. :. :. 21$4
Chicago and Alton ......................162
Chicago, Burlington and quincy 49,. 9S12
DelaW9pe and Hudson. LIE
,-pelaWare. Lackawanna and Wostern.i55
toft wayne, 1872
Il ai: I,d - '''' IVA
DO preferred. .....-, II
Luxe IcNOfG.. ..lf3
Louisville and Nashville. :. :. :. :. 58w
MManhattan L' et,oot T; H.: 1925
Michigan Central. :. =. :. :. :. 1929
New Jersey Central. :. :. :. -. =. 80
New York Central. :. =. :. :. :. 1919
Nerthfrn Pacific. :. :. =. :. =. 80. 2113
Do lFeferred... :. =. =. =. .... COZ
1851 ''''''' lS SS,,
EoeSi land: =. = " -. :: ..... 49,. az
81. fafl... -. ...... $685.
De preferred. =, E. :. 80. ... ....l4iI@
Southern Pacific .................... 20
Texas and Pacific. =. :. :. II
Wheeling and Lake Erie .....
DO preferred ...........................1 10
EXPRESS COMPANIES.
smtlcan 1870. .....'.................1l
Eulttu otdtcS .'.''.-.' ~
MISCELLANEOUS.
american Cotton Oil ........ ...... 2224
Do preferred. 80. -. -. - 751
American Spirits Observation-Disclosures. ia
DO preferred.... -. go. IS
american Tobacco -. . :. :. -. $50. S6ss
Do preferred. :. :. :. :. :. :. :. UP
General Electric -. :. =. . - $751;
diilioiS Otctl.. d
pof7dA. ..l3tii
Tennessee Coal and Iron. :. =. %
Western Union.... e. :. 49,. :. =. $685.
MINING STOCKS.
Cholor. :. :. :. =. =. . - 80
Consolidated California and Virginia 115
" oOu. -. '.....-....... 70
Gould and Curry. -. :. :. :. :. 800 80
Hale and Norcross.. :. =. =. . ~ 10