The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-12
FINANCE AND TRADE
THIS feature or the Money and stock

~
FINANCE AND TRADE
This features OF the Money md Stock
* Markets. tt.f "
NEW YORK, jan. il.---Money on call
easier actual transactions ranging
~ to . per cent; last loan 2ti percent;
closed bid and asked e,lsds per cent.
Prime mercantile paper 3Aaisi per
cent. Sterling exchange easier. With
actual buslness In bankers bills at
"a s594 S5N for demand and at 81 s2S8
a iS27s for sixty days; posted rates
81 S3isfi SO. Commercial bills 81 $40
a S2il.. silver certificates IA95sc. Bar
silver 57Isc. Mexican dollars Acc. D z
London operators In American secur-
tiles had apparently recovered some OF
their confidence In the future OF values
In this country to-day after the alarm
they had manifested yesterday over
our political future. Some sharp gains
were recorded for Americans on the
London exchange before the opening
here. In fact the london bullishness
outran the local opinion and New York
prices did not respond fully to the rise
In London. The market all day was
one difficult Of analysis on account OF
Its unevenncss. There were points OF
notable strength and others OF marked
weakness In the list and neither was al.
together effective In giving tone to the
market. Sugar wns the special point
OF weakness and the largo volume OF
transactions In 1t gave its weakness an
influence on the list. The grangers were
also heavy In the early dealings, though
subsequent recoveries brought prices
fraction above yesterdays close. The
coalers were centers OF depression on
account Of the condition of trade and
the unreasonable mlldness. of the
weather. On the other, hand there was
very striking activity, and strength In
the Northern Pacific stocks and In
Union Pacific. This strength seemed TO
extend also to allied and connecting
railroads In the west and northwest.
Thus are not only Northern Pacific and
Union Pacific from to TX per cent
higher, but also Denver & Rio Grande
preferred. Union Pacific, Denver &
Gulf, Oregon Navigation. Oregon Short
Line and Oregon Improvement show
gains ranging up 70 az points in Orc
gon Navigation. These stocks were
strong on anticipation OF increased
traffic from the expected movement TO
the Klondlke. They were helped also
by the decision of the Interstate COM
merce commission to continue the sus-,
pension OF the long and short haul
clause on traffic in competition with
Canadian railroads. The dealings In the
stocks OF these trans-Continental lines
were very heavy and transfers OF
blocks OF several thousands In indivi1-
ual transactions were quite frequent all
day.
Manhattan was another strong fea-.
ture of the market on the authoritative
announcement of an intention to
change to electric motive power. Peo-
pies Gas scored a sharp rise. The Ohio
soft coal roads showed continuance Of
their recent rise. The Ohio Consolidated
Gas moved up points and then fell
back 4, and Metropolitan Street Rail-
way closed at last nights figures. f5
Money yielded slightly, but most OF
the business was done at per cent. In
the money market, however. rates were
down to ~ per cent for sixty days and
from to 81 per cent for three to seven
months. There was an active demand
for commercial paper. but the supply
was good. Among the notable moye-
ments of the day were the decline OF
* per cent, in Baltimore & Ohio and O
rise Of 2 points In the common and pre-
ferred stock OF Susquehanna & West
ern. :.
The bond market was very active and
the high grade issues all showed higher
prices, There were several transactions
~ nov yatua ~ SIn0 mn Rpsipecc ,t,a c