The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-06
FINANCE AID TRADE
me Foatarss q The llonsy ana Steel
MarketE

The FoatuFea % the Money ana Stock
Markets.
NEW YORK. Dec. 6-NoneV on call
steady at s8gh per cent; last loan ~
per cent Prime mercantile paper SIG
4 per cent. Sterling exchange easier,
with actual business IN bankerH' bills at
a s4KR4 SIS for demand and At
81 sih6l SIX for sixty days; posted
rates a S2Gl S21s and 81 ssh. Com
merclal bills a SOY. Silver certificates
sOk9Hkc. Bar silver 50 u-1se. Mexi'
can dollars lskc.
There was much Interest and curioS-
ity manifested In wall street to-day re-
garding the Presidents message. When
Il was published It was found to Be 90
free OF matter calculated TO eheet the
value Of securities that the. course OF
prlceB was left 70 the influence OF TECH
nlcal causes. The recent view OF pro-
fessIonal traders has been that the
message would prove to be bull doc
unlent and they have bought stocks re-
Gently under that conviction. Upon the
publication OF the message 1t was nat.
ural. therefore, that this element should
sen 10 take their profits. But the chief
effect OF the anticipation of the meg
sage was 20 cuFtall operations IN the
stock market. This tendency was EN-
phaslzed by the absence Of telegraphic
Communication with many points IN the
country owing to the storm. There was
not entirely lacking also the proyerbial
disposition OF stock exchange traders to
feeling OF timidltP over the advent OF
a session Of Congress. There 10 some-
thing OF a prejudice In Wall street
against some Of the measures which
representatives and senator's assemble
at Washington design for the public
welfare and desire to be let alone on
methods for the profitable employ n1ento OF
capital against which congressional
legislation Is at times directed. The
prevailing tone OF the market therefore
became increasingly heavy as the gay
wore on. There was a period or com.
parative strength in the morning and
especially IN some OF the stocks whteh
showed strength last week. metropolis
tan Street Railway mounted strongly
41l points and then reacted VI on rea-
iizlng upon the inc.ease4n the quarter
~ dividend to an annual per cent rate
from a. 5 per cent rate. Pacific Mail ana
anu GkEpA 9N0NAAA
moving upward, but overwhelmingly De-
fore the close. patti euiariy in Federal
steel. Sugar iuctpsteaiquite irregular
ly onSthe+vSryiRg, TumOss concerning
the status OF thek competition In the
trade. There was rather a notable ad:
vaicein asgEoupsof the ouidstoctu and
some oeRtheSlow priced railway shares
were also strong. United States express
rose to.57% at one tipe, but reacted to
IS and American express dropped five
points. The majority Of the standard
stocks were, however, notably dull and
for the most part heavy. This was es-
.pecially true of the grangers and the
Pacifics. There was some firmness man
ifest In the coalers on the strength OF
the cold weather.
The bond market was decidedly more
active than stocks and prices were bet
ter maintained, though there was re-
action from best prices In the late deal
ings. A number Of lately dormant is
sues were brought into activity and
moved sharply upwards. Total sales,
$780,, 900.
United States 2s advanced II per cent
in the bid price.
BONDS AND STOCK QUOTATIONS.