The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-13
FINANCE AND TRADE.
Tho Features OF tho Money md Stock

az.
Tho Features OF the Money mud Stock
Markets. ~
NEW YORK, Jan. Il. Money on call
steady, actual transactions ranging
2,ls to per cent; last loan per cent:
closing. bid 2,s6s per cent Prime mer-
camille paper aA@4H per cent. Sterling
exchange weak, with actual business in
bankers. bills at "a S4Aa4 St7ss for de-.
mand and at 81 s27s@4 s2S for sixty
days. Posted rates 81 SS94 S511s and
81 S51s9l Sc. Commercial bills 81 SIX.
Silver certificates 57AG5Sc. Bar silver
size. Mexican dollars 46hc.
To-day's market for securities was.
of much the same character as yester-
days. The principal interest was cen
tered In Union Pacific and a number OF
its affiliated companies and Northern
Pacific, which were the leading factors
OF strength, while on the other hand
Sugar continued under a weight OF de-.
preston, as was the case yesterday. A
new feature OF special strength was
Chesapeake & Ohio, which advanced a
point on heavy buying. Transactions
were on a very large scale and the
heavy dealings OF large operators, back
ed by the powerful interests we're man
Hest all through the market These
large operations attracted a consider
able following both amongst the small
or traders and from outside sources.
Commission house business was In
fact quite noticeable In the days trad
ing. It was obvious, however, that re-
alIzIng on large scale was going on In
different parts OF the list coincidental-
ly with the strength in other parts. A
striking example OF this process was
seen in the two Northern Pacific stocks,
the common being advanced over
point while realizing In the preferred
carried It before the close below last
nights last sale. The Changers outside
OF St. Paul will also be seen TO reflect
. supply of stock fully equal to the de-
mand. The anthracite coalers were
weak and continued the decline but
the Ohio soft coal roads maintained
their recent show OF strength. Union
Pacific rose al one time over . points.
but recent buyers commenced to take
profits as soon as n report was publish
cd that the new company had secured
control Of Oregon Short Line. The
SlOGts ltdGleu oNtl IL pOlNl. lie IcGelk
strength of the stocks of the disintegra-
ted portions OF the old Union Pacific
system Is fully explained By to-day's
announcement. This buying was evil
IDENTIFY founded on a belief In far
reaching plans OF combination and ex-
tension which, according to some prev
alent ,umors, will embrace one vast
system from the Atlantic to the Pacl-
flc. Much was made in the market on
4 reported BOND Issue by the Chesa-
peake 6: Ohio. though the view OF benz
efits to accrue seems to be somewhat
exaggerated considering the amount OF
transactions. Advances from the Lon
don and Continent markets showed the
tone of American securities In the for
cign financial markets to be excellent.
London bought In this market no Iess
than twenty thousand shares OF the
favorite International stocks and the
marked strength OF Union Pacific, Dem
ycr, Rio Grande preferred and Northern
Pacific was directly attributable TO
this demand. The. weakness in Sugar.
seemed to be connected with the an
nual meeting Of directors In progress
to-day. though no news regarding the
company reached the public. Money
declined to yield to-day below 2it per
cent, but the tone Of the market reflect
ed the prevalent feeling that rates will
yield In the near future. Large amounts
OF money alEo found their way Into In
vestmcnt and speculation to-day. The
available possibility OF relief to the
money market was indicated by the
fall OF 1sc In posted rate Of sterling ex-
change and the decline OF oAc in the
actual rates, the decline not being pre-
vented by the expected arrival to.mor-
row al San Francisco OF another 81, 009,-
900 in gold from Australia. The par
value OF to- days transactions in bonds
Is not as large rs that Of gcsterday.but
business was remarkably well dIstribu-
ted all through the list Gains were the
rule. but there were some declines. To-
tai sales, a,775,0 900
United States old As coupon and the
Us were x per cent higher bid to-day.
There was sale OF the new54s coupon
at 1904, which Is the highest on record.
Evening Posts London financial ca
blcgTam;
There was less activity In Grand
Trunks and Canadian Pacincs in the
stock market here to-day and increased
animation and strength In Americans
and Argentines, particularly In Argen-
tines.
Americans are steady. supported by
New York and the continent
RoNDs }AND, STOCK QUOTATIONS..
DO coupon. go. l29h Pittsburgh -. 1854
u. s. AZ .........ll3 Reading ........s 22jt .
DO coupon.."..ll4M Rock Island.... oliI
do seconds ....lOo st. Paul ........ 9GH
u, s.: 5s rcH......lliS / do preferred. .4ii5
do hs coupon. ..lltR lSt. p. &c Omaha. 1f&
| Pacific Gs OF '95. .lnaa do preferred ..1l8