The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-05
FINANCE AND TRADE ri.
The Feature. Of the Money and 81

The Features OF the Money and stock
NEW Y DIRK, Feb. i.--Aroneyi on cal
easy at 1,tdp1ss per cent; last loan y:
per cent. Primo mercantile paper 80.
per Sterling exchange firm. with
actual business In bankers bills a,
81 SSH "a S5E for demand and at 81 $50
4ssB for sixty days. Posted rates
81; Salsa4 So. Commercial bills 81 SEQ
4 s211s.l Silver certificates 5ss 957hc. Bar
silver 56isc. Mexican dollars 45Hc.
The remarkable buoyancy OF a few
special stocks lifted to-day,s stock mar
ket out OF a slough Of depression. and
closed The day with net gains the rule,
though there were q few losses In ,excep-
tiona1 cases. Net changes were small
in the general list, but the gains In the
little group of leaders were extraordl-
nary. The Erie stocks showed the eff
feet of some unusual demand at the
opening OF the market, and the first pre-
feiTed ended with n gain OF over 2 points
Connected in some way with this was
the movement In Susquehanna & West
ern. which gained in force as the day
advanced The preferred stock showed
a gain OF "a points on the last transac-
lions. the common stock OF OK points.
There was nothing In the news OF the
day to explain these movements. The
Vanderbilt stocks held the centre OF the
stage on account OF the action OF the
New York Central directors in author
iizlng an offer OF 500. 900, 900 collateral
3k per cent bonds to effect consolida-
ton with the Lake, Shore. The formu-
lated plan closely agrees with the an
tnouncement hitherto made. "A QUOTA
ltion for the new bonds, when issued,
was promptly established on the eS-
change, 90 being bid and 81 asked. The
price OF Lake Shore and New York
Central wavered somewhat In the face
of profit taking on the announcement.
which has been amply discounted But
Michigan Central bounded up buoyant-
lyS over points on the belief that Il
would ultimately be Included in the con-
ern also benefited to the extent OF
over point. Norfolk & Western pre-
ferred is up about . points. and was
bought largely, In this market to day. for
London account This stock was affect
ed by the reported authority granted to
Tito construct a branch through Vlr.
ginta} to Washington, and by the general
improyementsin Its financial condition.
Great Northern preferred advanced
an additional point this morning. but
reacted then 2 points to 100, and at the
close quoted 1875 bid and 1853 asked.
Manitoba, the. subsidiary company,
jumped s points to 1856. The latestrength
Of, the market brought a number OF
gains In the general list up to about a
point. and reduced or wiped out declines
In a number of stocks that had shown
early heavlncss, notably Manhattan,
Baltimore & Ohio preferred and Union
Pacific preferred. a feature. OF the day
was the continued advance; in foreign
exchange. based on the tone OF the
money market. Therewas novery notice.
able falling offHins the activity of the
bond market. Novery: important gains
were, shown. but prices were. firmly. held.
Total sales s. 63o, 900. =, = "a
IL, United States new As were up u bid.
!. The total sales OF stocks to-day were
29i. 200 shares. q
Evening Posts London, financial ca,
blegram: The. stock. market here was
quiet to. day. z i!5I,1 y e's5.7f5y,s ~ ~