The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-23
FINANCE AND TRADE
The Features OF the Money ana Stock
Markets,


NEW YORK, Dec 22.-Money on call
stiff at 2Eqi pes cent; last loan . per
cent; closed at 2lad3 per cent. Prime
mercantile paper 3isNi39 per cent Ster-
ling exchange dun and easy, with ac-
tuai business in bankers bills at
81 Siisd4 So for demand and at 81 Sla0
4 Slgs for sixty days. Posted rates
81 S2lsd4 S3ia and 81 S5isai S6la. Com
merclal bills 81 81. Silver certificates
1914 dJ7Ac. Bar silver J6Sc Mexican
dollars 4j$c.
There was nothing in to-day's stock
market to refutc the opinion generally
held In Wall street that speculation In
securities viii continue dull untii after
the first Of the year nnd the release of
GONE Of the funds At present locked up
in large financial operations S1GglnG
prices are generally the accompaniment
of such a market, but there was suiii-
Client strength IN special stocks due to
special causes to-day, TO act as a sus-
talninE force on the general list and
net gains are the rule In consequence.
The marked features In the trading and
the centCrs OF greatest strength were
the local traction companies. The mo-
tives for the buying OF these stocks
were the reports Of business compro-
mise between the Metropolitan and the
Third Avenue companies and belief
that the chances were not good for the
success OF the Underground rapid tram
sit scheme. Third avenue was benefited
20 the extent OF six points and Metro
pOlltan Street Railway over two. Man
haitian rose three points but lost n
fraction. The Coalers were also aqEres-
sively strong and showed gains OF be-
tween one and two points. the Heading
Issues being especially prominent
There were vague rumors OF an In
tended dividend on Readings first pre-
ferrcl stock, which influenced the trad
ing. The industrial spcciaitics generally
showed net gains OF quite large frac-
lions The statements OF estimated
earnings for the last quarter Of tho year
OF che several Vanderbilt railroads were
viewed unfayornbiy mud nctcd MS some
thing OF a drag on the railroad list. In
view Ot the large business known to
have been done 10y these roads tn
small Increase In gross earnings, aud
ini thr Increase Of Canada Southern nm
actual decrease. were taken as indlcl-
tive OF rates for traffic such as proms-
owners This was partly Offset by the
November statement Of Northwestern
showing an increase In uross earnings
of ti2i,s1i Reports Of the adjustment OF
differences between Ohio rofl coal rail-
roads were heard with satisfaction
anenrB holders 81 railroad securities.
CAL loans were made tl.dnv nt rates
pnglug between 3Ui rgr cont and there
was further decline N exchange post
ed rites for both long and short gtcrl-
iar, being marked. dawp Is per cent.
aud actual business being dome ut u
decline of u per cont i0r cable lrnug.
fern N lonE sterling ana y per cent dc.
mnnd sterling rhc price FOR demand
Fttylup at The t'me az tho gold lHpolt
movement luH, September dll not fan
below iBlh Money WlB cheaper In nv.
ropa nnd London nt that limo thuu
now Thn ,ptolcnt BIlnuOW M the mo.
noy murltcl. II iH believed win only bee
temporary ana the r1mplclIun8 ~ the
operations connected with tho Union
pndlne settlements and tho dltUurHu-
monl8 lnc.10ul Ia the lUeIunnIug uf
lha year Wlli awe tcIoi non thlg ren
nom ihe woni1oa1 NJ ctrhnnUo his not
Induced tail, OF gold lmporla at New