The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-07
FIEANcE AND TRADE
This Features or the Money and stack
Mnrkris.

N''N NN''NN'e- u 'he Woney anu stoeh
Markets.
NEW YORK, Dec. e,--Money on call
easy at llaG2 per cent; last loan per
cent closed at 1902 per cent. Prime
mercantile paper 2Gi per cent, Sterling
exchange weak with actual business i'll
bankers bills at "a S5lsGl s5ss for de-
mand and at 81 seq fors6O days. Post
co rates 81 S3lAq4 "a and 81 S6IA6D4 81.
Commercial bills 81 S9h Silver certlf-
Gates 59hQ60lAc. Bar silver 60c. MeSi-
can dollars 47l4c,
Although spectators in stocks have
sought to influence prices for several
weeks by surmlses on the contents of
the Presidents message, the actual
publication Of that document had little
effect on the market There was moth
Ing In 1t that came MS surprise, al
most every point having been accurate
~ foretold in detail. Prices of stocks
had been advanced 10 some extent In
anticipation OF the message, and there
was some expectation that its publica-
ton would be met by u decline caused
by realizing sales, But the market held
fairly steady after Its publication until
u raid by the bears In the final hour,
which was encouraged by the weakness
OF New Jersey Central and the conlers.
Union Pacific was directly affected by
the paragraph devoted to 1t In the mes
sage and declined nearly point. Most
of the days movement OF prices was,
however, due to special causes and was
most marked In the spectaities, sugar
was the leader IN point of activity and
strength, and advanced at one time Sla
points, Its strength was caused by the
approaching dividend period and belief
In the advantage arising from the newly
applied c0untervalling duties Man
haitian was at one time 2ls points above
Saturdays close on belief that the pro-
posed underground rapid transit plan
will be vetoed by the courts. Rock ISL
and continued 20 enjoy an advantage
from It's newly perfected Tefunding plan
and gave strength to the other grungers
by sympathy. Come OF to-days rail-
way statements OF earnings for the
fourth week in November We're so ia
Vorable as to HIT the prices Of their
stocks. This was notably true OF Mis-
souri, Pacific which showed an increase
In earnings of $27600O, and in Louisville.
whose gain was nearly $4,000 Each OF
these stocks rose II point. Cleveland,
Lorain & Wheeling preferred moved up
2ia points on the Increased earnings
showed Missouri & Southern preferred
rose from the same cause The cOalers
were decidedly weak, New Jersey Cen
trail cOnsplcuously so, and 1t was
break of 2is points from the highest in
this stock that encouraged the late
raid by the bears and lowered the level
OF prices throughout the market. Penn
sylvania deemed " with no news. The
money market continued notably easy
and It was reported that large sums are
Offering on time loans for Chicago and
other western banks in this market.
Notwithstanding the ease of money
and a sharp stiffening in the discount
rate both In London and Berlin, ster-
ling exchange was weak, posted rates
being reduced u cent for both long and
short bills, and actual business being
done at 4 lower rates for long bills
demand and cables in London.
The bond market was active with the
exception Of an interval of dizziness at
midday. and prices advanced without
interruption, Total sales $3,7SO,OOO.
L. 3. bonds were unchanged In bid
price. There was q gale of the new As
coupon at l2SN the highest on record.
The-total sales of stocks to-day were
3l9,300 shares.
Evening Posts London financial ca.
blegram:
The stock markets here were quiet
to-day but firm, notably home raised.
Americans were good, chiefly on New
York support. The disposition here is
to await the Presidents message.