The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-01-06
FINANOE AND TRADE
The Features OF the Money and stock
Markets.

The Features or the Money and Stock
markstL
NEW YORK. Jan. 5.--Money on call
easy at 1lSa2 per cent; last loan 2 per
cent; closed at 1lsa9 per cent. Prime
mercantile paper sssG4ls per cent.
Sterling exchange steady. with actual
business In bankers bills at 81 s6A@
ss3k for demand and 81 Ssl5G4 s37t
for sixty days; posted rates 81 $50
4 g41k and 81 S7d4 Sli4. Commercial
bills 81 S2Is. Bar silver 6iAc. silver Ger
tihcates 4+i4655tc. -
Business In stocks was again To-Day
OF very slender proportions with an "
regular government, and the market
frequently bordered on stagnatlon. N
the forenoon session, lower prices were
current on moderate pressure against
The specialtles. The losses scored were
not extensive, however, as the traders
partly on account OF the lack OF pres
sure of long stock, were indisposed 20
commit themselves to any important
extent upon the short side. Uncertainty
regarding the attitude OF Congress on
the Cuban and other important con-
alterations restrict ventures upon the
long side and hence the speculative ap-
athy. More favorable exhibits or rail-
road earnings, including the Loulsville
& Nashville figures for the fourth WEEK
OF December were followed about lziSV
p. m. by Washington adVices annouhe-
ing a postponement Of action on the
Cameron Cuban resolution, ana gen
eral upward movement resulted, IN
which many OF the leading stocks scor-
ed material gains Beside the covering
orders, buying that was called fairly
good, was noted and washington
houses were conspicuous In the rise,
The improvements in the speciallles
we're exceptionally large and the Gas
stocks were more prominent than Tor
some time past.
The reduction OF two cents per pound
In the price OF Battle Axe plug tobac-
co, the fighting brand OF the Amerl-
can Tobacco Company, after the re-
cent confident stories OF more pacifc
understanding between the company
and the outside manufacturers, enc0ur-
aged a raid on the stock. forcing me
price down II. Insiders were reported
buyers at the low level and the loss
was soon regained. Union Pacific loom
ed into prominence on purchases at
tributed to reports suggestive OF devel-
opments favorable to the company IN
connection with funding operations.
The Changers and Southwesterns were
also conspicuous in the advance and
Louisville & Nashville rose IA per cent
on the earnings above referred 10. In
the afternoon some moderate bursts OF
activity were noted particularly In the
low priced stocks. The closing was
strong with comparative figures show
ing improvements OF point or there
abouts in many stocks.
In "a
the usually neglected railroad bond is
recorded.
on proht-taklng.
Evening Posts London financial ca
blegram:
The stock markets were lower to-
day, Consols leading the decline. The
reasons were the absence of public sup
port and fears OF delrer money.
cabled you IN December that early
January would probably show ilctl-
tlous ease in the money market. Now,
although money is very plentiful fol-
lowing the release OF government dlvl-
bends, the decline in the discount rate
Is perceived 10 be overdone.
Americans were easier, The continued
bank failures In the United States are
lettering purchases here. though not
causing a pressure TO sell. Argentlnes
were the only firm market, but at the
close most prices were above the low
est. Gold was bought to-day Tor Russia
and Japan.
The paris bourse was firm and the
Berlin market quiet. A further decline
in money Is rumored from Berlin. The
Bank OF Germany rate may go to ~
BONDS AND STOCK QUOTATIONS,
New U. 8. IS registered 49,. ........i9
New u s. Is coupon .....,. ...... ,,....laQ
U. S. IS registered 800. ...... ......Ll
U. S. 5s coupon ...... .,.........li4
4. S. Is registered ....... ........ .....'u9.-
u. $. a. coupon .......... ..... ......'...lIl
II. s. 2s registered 1890. SO. ........... ~
Pacific Gs OF '95........ ..... .........''.'l.5
Atchison ..... .,..,. ,.,,,,,. .,.,, -...... l5.s
Adams Express ....... ......s. -. ''.ig
American Express ......... .'.... ....s.lty
Baltimore q Ohio 1850. .,.... .....'... IVA
Canada Southern .....,. ...... .......... -