The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-14
FINANCE AND TRADE
This Features or the Money and Stock
Markets.

Markets.
NEW YORK, Dec. l3.-Money on call
hrmer al 1903 per cent; last loan per
cent; closed at 299la per cent. Prime
mercantile paper 3d4hs per cent, ster-
ling exchange steady, with actual busl-
ness in bankers bills at 81 S5kG4 S59s
for demand and at 81 S2hd4 S24 for so
days, Posted rates 81 S3l5Q4 81 and
"a S6A@i 81, Commercial bills 81 STAG
1888, Silver certificates 5SHa59Ac, Bar
Silver 5Shc, Mexican dollars 46Ac,
The days market for securities offered
every appearance Of breadth and
strength, the buying being vigorous and
aggressive and well distributed. The
fact was not to be ignored, however that
the stocks of southern and southwestern
| roads, Which were favorltes with the
bulls last week did not share In the ad-
vance proportlonately, the price being
held down by liberal offerings. A de-
crease IN earnings for the first week In
December, reported for Louisville, and
| a somewhat unfavorable showing for the
same period by Chesapeake g. Ohio, may
! have accounted for this, but there was a
suggestion OF profit taking In the move
ment Of these stocks in face of the gem
NAsA bAANhhkll lHAAllAf9k NlaEMHtIE III Allt
| market The jump In Sugar to l45A in
the course of the first hour stimulated the
whole market. The dissemination Of
rumors that an extra dividend was again
| under consideration was the instrument
employed to affect this rise, and the mo-
tive Of II appeared In the heavy offerings
at their level. The stock was supported,
however, at certain Stage of any de-
sNIIna al do ri "a. leo.
| Of over a point. The government crop
report with It's revised estimate OF a
wheat crop of $50, 900 900 bushels caused
a lively outbreak OF speculation In the
Grangers, the high record price for wheat
with this heavy yield to draw on being
regarded as insurlng prosperity to the
wheat carrying railroads. Stlll another
element OF strength In the days market
was the jump In price OF Metropolitan
| Street Railway. This stock rose nearly
8 points to 1875. In strong contrast to the
persistent heavlness In Manhattan,
which dropped at one time nearly .
points on account OF the published re-
ports that synGlcates had already been
| formed to finance the proposed under
gound rapid transit plan, Manhattan
| fully recovered before the close and
Il NllbNh Il oilhAl AlhAlblell nv bAAlls AAllblA
| Pacific showed a sharp recovery from It's
recent depression on the strength Of In
epired reports that the Reorganization
could be carried through with moder-
| ate increase OF the proposed bonded in
debtedness and preferred stock and that
| the subsidized portion OF the KangIs Pa
cltlc was not deemed essential to the sue
cess OF the plan. There was some heavl-
| Ia local aa.Nttpifinu n pttr
rent rumors of difficulties IN the way of
the proposed amalglmauOn of the local
| companies, The days buying was In
large part professional and commission
house business was on a small scale
London was, however liberal buyer OF
| stocks in this market. quite 4 marked
feature of the day was the large number
OF small lots OF dividend paying stocks
which were bought. This class OF buy
ing appeared in the giit-edged invest
ment stocks. which rarely move, but was
also manifest all through the list of dlvl-
dend stocks. A feature OF the day was
| the stiffening of call loan rates TO per
cent, though the rate eased Off again be-
| fore the close. The rise in the rate was
| attributed to a sudden and rather urgent
demand while offerings were rather light,
for the time being. Other departments
OF the money market were unaffected.
Net results Of the days trading were un-
| even, net gains exceeding point In the
Erangers, the coalers and Baltimore &
| Ohio, but showing small fractions for the
most part in the general list.
The bond market continued active and
strong, the Atchison and Northern Pa
eiAc Issues being prominent. Net adj
| yances Of from to points were shown
| In a number of bonds. Total sales 49,
| $4,000
The total sales Of stocks to-day were
| 3IO,5O0 shares.
Evening Posts London financial ca
blegram:
The tone of the Stock markets was
good to-day, but business was checked
by the commencement of the settlement,
Money was dearer. the rate being per
| cent CeBtangees on Americans aver
aged per cent
Americans showed an excellent tone,
although business was confined 10 pro-
fessIonal GENERATORS. Prices closed at The
hest the feature being n sharp iump In
linton Pacific an rumnrs that the K angas
| Pacific matter had been settled.
/ have to-day interviewed many lead
ing houses concerning the position and
prospects for Americans, and am I'M
pressed By the unanlmity of the favor
able views held concerninc their pras-
nects in ,bo now sIy ron,pu ar 40 A.
H., -, IN, a. i,a', tn1,I, snii a., ,,,,L
tIic SAINT ''N'e ~ lI'9 Dse,' 'o'u lla' suvu
Views are mainly based on news from
New York such as The conditions OF
trad. and the agpect of Wall street. for
~, ,Lts,sI1c Tho nubtir stIII nbstaIn iron,
-. Tr1,i,, G,,,1 T,r,,,i,., no s,Iii
uedIIib "VN2, 'ihIu tiu,.N' ~ a.il'
booming. Mines were distinctly better
including Anaconda, which were bought
in good quarters, though probably epecu-
Iotlyely.
ArpSntlnes worn strong.