The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-20
FINANCE AND TRADE
The Features OF the Money and Stock

d. b .
The Features OF the Money and Stock
sIarkct..
!. NEW YORK, Jan. 19.-Money on call
1h021s per cent; last loan per cent.
Prime mercantile paper 3G3S per cent.
Sterling exchange dull ard easier with
actual business in bankers bills at
81 SiE0i S4tss for demand and at 81 S2S9
4 S2S for 60 days. Posted rates s. S39
Ssh and 81 S5lk@i Sc. Commercial
bills 81 SIX. Silver certificates 56h9
57kc. Bar silver 56Sc. Mexican dol
lars 45kc.
The market for stocks to-day improv-
ed In tone and activity as the day wore
on and at the close the general list
showed fractional Improvements, while
In some cases there was q rise OF from
to az points. The close was strong
at the best prices OF the day. The ex-
IRENE ease OF money, call loans being
made as low as ~, was potential In
fuence in the markets late strength.
There were several other beneficial fea-
lures In the news of the day. The week
ly earnings OF railways in nearly every
case were net increases, running up to
$50, 900 in Chesapeake &: Ohio and $780, 900
in Louisville G. Nashville. The Sl5,OO0,-
900 Illinois Central Tennessee bonds
were considerably oyer-subscrlbed.
These facts, together with the action of
the house OF representatives at Wash
inGtor in sustaining points OF order
against Cuban resolutions, caused a
rising tide in quotations, the traders
taking the view that legislative action
in behalf OF Cuba for while at least
was improbable. Washington reports
regarding the currencylquestlon had lit
tie influence on the London market for
Americans. and Berlin and Frankfort
were reported as taking pathetic view
OF the subject. The transactions in
Sugar and Northern Pacific were In con-
siderable volume. Sugar rose on street
gossip that It was time for reSump-
ton OF the bull campaign in that spe-
cIalty.
Northern Pacific left off with liz adj
vance on hopeful expectation regarding
the earnings by friends OF the property.
There were vague rumors OF the likeli-
hood OF an effort to secure legislative
permission for the consolidation Of local
gas companies and Consolidated Gas
rose sharply and retained part of the
gain. Metropolitan Traction. after err
ratio fuctuat!on. closed at an improve
ment There were rumors or the poss-
bllity OF that company delaying script
dividend Mobile 6 Ohio advanced IL.
This was attributed to the subsequent
| announcement OF the l per cent. dIvI-
dend. Pittsburgh. Cincinnati C st.
Louis was strong on the favorable De-
cemher earnings. The grangers and To-
cal transportation shares shared In the
days appreciation OF values. Oregon
Navigation was up 2 points. Oregon
Improvement Trust receipts 2h; Oregon
Short Line II: Northern Pacific IL:
preferred Ia and Union Pacific Trust
certificates ~. Other notable gains
were Lac!cde Gas preferred IL: New
York. Susquehnnna e Western ~:
Pittsburgh, Cincinnati C st. Louis az:
do preferred az, and Tennessee Coal &
Iron lN. There were no important
losses.
The bond market maintained n fair
degree OF strength with transactions
largely centered in the speculative lines.
The aggregate sales were s3.450,000.
Government bonds showed an easier
tendency. 800
The total sales OF stocks to-day were
2s7. 900 shares.
Evening Posts, London financial ca
blegram: al
! The stock markets here to-day.were