The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-14
FINANCE AND TRADE.
Til. Feature. or the Money aud Stock


Markets.
NEW YORK, Jan. 1s.-lIoney on call
steady at.@2A per cent; last loan ~
per cent. Prime mercantile pape: 3H@
AZ per cent. Sterling exchange steady.
with actual business in bankers bills
at 81 So for demand and at 81 s23Iss9
4s2& for sixty days: posted rates
81 s294 Sa1lEs and 81 s5,kGi S. CONNER
cial bills sise. Silver certificates
57&G5shc. Bar silver 57%c. Mexican
dollars 4s4c.
The stock market was under more
or less pressure to-day on account OF
the news from Havana. There was
heavy realizing at times and some ag-
sressive attacks by the bears. A; num-
Der OF large operators recently on the.
bull side changed their Views and sold
stocks to-day and the impression on
the market would undoubtedly have
been much more serious had II not been
for the remarkable strength and buoy
ancS OF several OF the Yanderbllts.
This strength arrested the liquidation
and Hsteadled the market and the de-
cllnes atterward In the general list were
notlarse, even when these stocks them
selves reacted on profit taking. The
declines at the opening were checked
also by the execution OF commission
house orders which had accumulated
over night These were the principal
causes to neutralize the undoubtedly
serious view OF the situation In Havana
and ITS bearing on the relations be-
tween tie United States and Spain
which Is held in Wall street. There was
no news to account FOR the buoyancy
or the Fanderbilts beyond vague ru-
nors of an intended change OF policy In
administration looking to the reduction
OF operating cost and an Increase in.
dividends. The extreme rise in Lake
Shore reached four points and there:
was as much in New York Central. 9th
er members OF the group gained all the
way from one TO two Doints. There
was quite large dealing In some OF
the other high priced investment stocks,
Pul!rTan rising two points and Great
Northern preferred four points. Some
part OF these transactions was prob
ably designed 10 test the volume OF Of
fernSs which would be invited BIZ the
advance In prices. Manhattan, Metro
politan Traction and Brooklyn Transt.
were al! strong during the dag and the
hrst and the last named gaining two
points or over. Sugar was the central
point OF weakness IN the market and u
quotation in Il was Very heavy. The
price was down ~ per cent At one
time and the bears put out short lines.
OF the stock on large scale. Their
buying to cover was the effective cause
OF w!piag out the decline. The Gram
gers and the recent speculative favor
ties, Union Pacific and Northern Pact
nc. suffered from profit taking. Lon
don sold IN this market, whether with
view 10 take profits on yesterdays
purchases or owing 10 disqC!st over the
Havana incident. was not clear. Net
cnaages In prices generally are on the
side OF losses
Dealings In bonds continued large.
though In somewhat reduced volume
and marked gains were shown BIZ some
Of the high srede bonds. Total sales
IS. $50, O00 -
United States new IS COUPON wc-c
i per cent lower bid, do registered 4
per cent lower and the rs !: per cent
lower. -
Evening Posts London financial ca
blegram:
Profit taking caused general reac-
ton In the clock markets here TO-DAY.
notably In stocks which have recently
risen Sharply. Americans after a re-
action, closed strong and the general
outlook continues favorable.