The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-18
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TINAacEA AND TRADE r l.,l,
Tbs Features OF tho Money and s,oe,

This Features OF tho Money and s,oei
81 Markets. ri
NEW YORK, Jan. 17.-Money on cal
easy at .hG2R per cent. ; last loan az
per cent, Prime mercantile paper s@l
per cent Sterling exchange dull with
actual business in bankers bills at
81 sihGi s4ai for demand and at 81 SCI.
"a SEX for 60 days. Posted rates 81 $50
Sst and, 81, S5AQi 50. CSnmsrclal
bills 81 s.. Silver certificates 571. asSl.c.
Bar silver 57,sc. Mexican dollars acc.
Standard shares show fractional I'M
provement on the day exceptln the case
OF some shares inswh!ch special lnilu-
ences were operating In their favor, and
there the Improvement was more mark
ca. The dealings were widely distrib-
uted, and had generally healthy tone.
Stocks sold Friday and Saturday on the
ground OF possible foreign complications
were repurchased to-day, the total deal
ings amounting TO nearly half a million
shares. London and the continental
Dourses were sustaining factors, al
though the purchases for foreign &C.
count were meagre. as the local market
early outstrlpped the foreign initiative
toward higher level. Pronounced &C.
tlvity and strength were displayed In
the local transportation shares. Metro
politan Traction making net gain OF
GE. that security being marked I'D by
lis friends on rumors OF closer relations
10 Manhattan Elevated, It being report
ed that With the Installation OF an cleo
trical equipment for the Manhattar Ell
evated railway, the Metropolitan prop
erty could effect saving by utilizing
the electrical power. This rumor, how
ever. received no published Notification.
sugar on enormous transactions,
made q net gain Of z, although in the
earlier transactions there was consider
able weakness noted In that security.
The old subject was brought up of what
the result OF Hawaiian annexation
Would be with free Importation Of Ha-
waltan sugar and the probability that
by midsummer there woul be compe-
tition between sugar reiinerles now be-
ing erected. Stocks OF properties To-
Gated in the Pacific northwest were gem
orally benefited by the belief that they
would secure much traffic owing to the
klonlike boom. Oregon Railway &
Navigation Company had earnings from
July to November so said to be very
large. Burlington, st. Paul, Northern
Pacific and Union Pacific were strong.
The non-appearance OF the Nebraska
maximum freight decision was sus-
tanning factor in the days business.
Brokers seemed TO give some credit to
the reports OF closer relations In the
management OF all the Vanderbilt rail-
ways. Lake Shore, Michigan Central
~ we 1r,.a
strong, showing approximate gains OF
per cent. National Lead ON very
small transactions was fractionally
higher. SS-71'i :,
The fact that New York and Chicago
are lending morley on the London and
continental markets continues to be IA
Eorao!e factors, the foreigners so far
having llquidatedtheir debt for Ameri-
cas- unparalleled exports only 20 the ex-
tent OF returning American securities.
IN to-day's market the gains OF import
aEce were Consolidated Gas Q: Wells
Fargo 4; Manhattan 27s: Metropolitan
traction 6h; Northern Pacific 1ss; Ore
gon Railway & Navigation AZ; pre-
ferred *; .Pittsburg, Cincinnati. Chi
cago & s.. Louis 1&; Western Gas Com
pany .; Wisconsin Central 81 and the
stocks closed strong. so. y
The bond market showed a falling off
In transactions, hut a desirable under
tone OF strength was evident, which was
reflected in substantial appropriations in
many OF the usually dormant issues,
Seattle, Lake Shore & Eastern first
trust receipts jumped { points to 7a on
reported competitions for control of the
road. but subsequently lost ,ore-half Of
the rise. Wisconsin Central nrsts trust
receipts were also in urgent demand and
gained x. The aggregate sales were
So, 595, 600. -. =.
Government bonds showed heaviness,
the IS ard new As losing slightly.
!, The total sales OF stocks to-day were
43S,90O shares.
blegram:
The stock markets here were quiet
and irregular to-day. Americans quiet
and steady.