The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-30
FINANCE AND TRADE.
The Feature. of the Money aud Stoel
Markets.

The Features OF the Money ana stock
Markets.
NEW YORK, Dec. 20.--Money on call
stiff at 9Gi per cent, last loan 2's per
cent; closed offered az 2la per cent,
Prime mercantile paper 3Ea4T per
cent. Sterling exchange nrm, with ac-
tual business In bankers bills at
81 Sisdl S4ls for demand and at
81 Slisa4 SIX for sixty days. Posted
rates 81 S2lsdl SO and "a S5isGi SC. ST.
YER certificates 56ia@57%c, Bar silver
jG5sc. Mexican dollars Acc.
Sugar was the only one OF the lead
ing stocks OF the list to show any aG-
Sressive strength to-day and after sis
ing at one time almost two points II
was overcome by the general heaVlness
I'm the rest Of the market and closed
with only a small fractional net gain,
II was a professional traders market
throughout and the industrial stocks
which had been recent favOrltes with
the bull clique showed the effect OF re-
allzlnE to-day. All OF the local trac-
tlon stocks were heavy, but the selling
was not coupled with any news and the
declines were wholly technical. In
Manhattan the fan reached two points
and In METROPOLITAN street railway more
than that. Brooklyn Transit advanced
a fraction. but fell again over point.
Consolidated Gas is 3ia points lower
than last night. Tobacco was notably
active all day and rose quite strongly
on IN irresponsible published report
that the quarterly dividend on the cont
mon stock had been advanced again TO
3 per cent. Disappointed holders sold
the stock down two points, when It be-
came known that the rate was retained
at 2 per cent. New Jersey Central and
the coalers generally did not escape the
weakness OF the other speclaltles that
show sharp losses. An indication OF the
narrowncss Of the market was the fact
that until near the close there was not
single sale OF such usually active
stocks as Missouri Pacific and Chesa'
penke & Ohio. Burlington showed q
degree OF ilrmuess In the railway list on
buying Invited by yesterdays decline.
The Buffalo. Rochester & Pittsburgh
stocks were both conspicuous for
strength, the common advancing two
points and the preferred four points,
Fractional net declines were, however,
the rule IN the railway list, To-ddy's
clearing house statement showed the
b-iyeasury a debtor ngain to the eS-
tent OF $1,i50,S3g, a reflection OF the adj
dtlonal redemptions OF Pacific bonds.
sim the money market declined 60 yield
It's firm tone In ans marked degree, and
Il was only Ia exceptional cases that
Loans were bel0w SO per cent and Ia
some cases 4 per cent was paid. De-
mand sterling also hardened a shade
to-day. Reports from Other domestic
centres show that their bank reserves
are at present unusually high, but ex-
chances continue TO run against New
York, 1t was reported to-day, how
ever. that Philadelphia and Boston had
repaid Large loans as the result OF the
high rates here. The large balances az
the clearing house show that there IL
quite an extensive shifting OF loans still
In progress. Prices Of Americans de-
clincd In London and selling here for
London account was quite a factor in
the decline.
Activity In the bond market was con-
fined to the middle and high grade Is
sues, the speculative Issues being stag
nnnt prices generally advanced Total
sales Sl1j0.000
United States old as coupon and the
new As reg. were y pcr cent lower bid,
the new Is coupon y per cent lower
aud the Us X per cent lower.
The total glled Of stocks to-day were
2lg,i 100 charcs
The Evening Posrs London financial
ciblcram says;