The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-29
FINANCE AND TRADE
The Feature. OF the Money and stoes
Markets.

I -IhA hGi>.
NEW YORK, Jan. 2S-Money on call
easy at 1lAGl% per cent; last loan "
per cent. Prime mercantile paper 1854
per cent. Sterling exchange firm, with
actual business in bankers bills at
81 S5,s for demand and at 81 S21s1+ S2%
for sixty days. Posted rates 81 SS94 S3is
and 81 S5,GG4 Sc. Commercial bills
81 s1Ma4 So. Silver certificates $500
57ssc. Bar silver 56zsc. Mexican dollars
45c.
To-day's stock market showed signs
OF q struggle by the bulls to sustain
prices while they we're taking their pro-
fits. They were moderately successful
and sold large blocks OF the stocks,
which have been recent speculative IA
vortes without pfocuding any marked
decline elsewhere in the list. Northern
Pacific Is the only one OF the recent IA
vorites which shows net gain for to-
day, but the declines in the others were
not sufficient TO uncover any large
number OF stop loss orders. The sharp
gains In special stocks at different
times during the day were evidently
due TO manipulation for the purpose OF
sustaining the general market. This.
together with the high range OF prices
reported from London this morning
kept stocks we'll above last nights level
during the early part OF The day, but
the closing showed an easy tone with
prices generally at the lowest. New
York Contra, was conspicuous under
realizing pressure otter the opening and
closed IL per cent lower than the days
high price. Kansas 6: Texas preferred
showed an extreme decline of 1& per
cent and Rock Island one OF full
point. Heaviness OF the Grangers
group was an additional factor in the
decline, the December statements OF
st. Paul and Burlington with the small
increase shown In net earnings having
an unfavorable influence on the general
list. London sold on balance In this
market several thousand shares o.
stocks especially of New York Central.
This added to the heavy tone TO quite 1
marked extent. Still another factor on
the side OF the reactlonists was the
weakness In the anthracite group, de-
cllnes In come OF Its members reaching
a point. The local New York group
added to the weight OF its weakness to
the burden of the bulls. The sudden
spurts of strength shown by Northwest,
Louisville, Denver preferred and few
other stocks proved unavailing 10 coun-
teract the general lower tendency. Ex-
change hardened q fraction for demand
in response TO London's continued SELL
Ing OF stocks here. The announcement
of the withdrawal OF 10000 pounds In
gold from the Bank of England for
shipment 10 the United States was
without any effect here. Reports from
London during the earlier dealings here
showed prices for Americans higher and
the market quite active. the speech OF
the President last night being assigned
as the cause. The anticipation OF this
speech has been used for several days
by the bulls In Wall street and the re-
alizlng to-day after It's delivery was In
accordance with the usual practice Of
professional traders.
Business In bond market continued on
remarkably heavy scale and prices
generally are higher. There were SIN
gle transactions In par value OF $4,000
of the Union Pacific purchase certifi-
Gates; OF $685. 900 of Atchison adjustment
As and OF 100000 Of Erie prior foucs
Total sales, $1,000. 900.
United States old As 'rcE. were X per
cent higher bid; the new As Il per cent