The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-15
TIEAHcs AND TRADE I


II
maritsts. b
NEW YORK. Jan. ii.-Money on cali
easy at 2M9.S per cent; last loan si.s
per cent Primo mercantile paper s9i
per cent Sterling exchange heavy.
with actual business in bankers bills
ats siSG4s5 for dcmand, md at 81 s2,s
o. s2N for sixty days. Posted rates
81 so94 ss,s and 81 s5,sa4ss. CONNER.
clal bills, 81 81 Silver certificates 57MS
5S,tcS Bar silver tsHc. Mexican dol
lars tessc. ~,
The course OF to-doy's stock market
was decidedly irregular and somewhat
perplexing so far a perception OF the
| general tone OF speculation. was cont
cerned. AS the day progressed the lack
OF sustaining power In the strength OF
special stocks, which has been the
marked Characteristic OF the market for
several days, came to be more. and more
felt. The disposition TO watch closely
Tor signs of a reaction became more
marked, and the final hour saw avery
general throwing over OF holdings by
professional traders. There was no spe.
| NstNi hS"p w pltaNf aitu
1t was probably due for the most part
10 technical conditions. Stocks which
have recently been prominent for
strength were conspicuous in to-day's
break by reason OF profit taking. There
was a feeling OF more or less uHeaslness
also over the tone OF The news from Ha-
vana In regard to what Is expected
rather than what has happened. The
rear that the Spanish governments
scheme OF reform Is on the point OF
breaking down Is coupled with the APP
prehensioD that the time Is imminent
when intervention by the United States
TO save the island from anarchyw be
Imperative. The persistent weakness OF
Sugar, u more or less dominant factor,
by reason OF the volume OF trade In It.
also helped TO break the market. The
opening strength was due to the some
what fevcrlsh demand for local traction
stocks, duo to special causes, and to the
execution OF a largc-rolume OF .buyiIrs
orders for London account Quotations
came higher from London before the
opening, and probably 5000 shares OF
the international stocks were bought In
this market for London account. There
was also commission house orders, es-
pecially for Investment demand In the
gllt-edSed railroad stocks. The Wander
bits Union Pacific and Northern Pa
cific stocks were not lacking In contin-
ued strength. There were also sharp adj
rances In New Jersey Central AMI Peo-
pies Gas, but the profit taking invited
BY the advances in special cases only
serve to Increase the late weakness Of
the stocks, which had failed TO benefit
from the early strength. AS q Corse-
quence there was a very general break
or about q point, ranging up to over 3
points in Manhattan. and over s points
In Third Avenue. Covering OF shorts
served to retrieve part OF the decline,
but net losses of a point or over are
frequent all through the list. Money
tended to become easier to-day without
any actual change being made In the
quoted rates for call loans. There was
brisk demand. however. for CONNER
clal paper. which drove the rates down
TO rate OF S14 per cent for the choice
grades To-morrow's bank statement
vii! show o large Increase Inv the cash
holdings. VH
The bond market became active early
In the day, but became less active. and
reacted slightly In the later dealings.
Union Pacific and connecting line issues
were strong. Seattle. Lake Shore {:
Eastern flrsts, trustreceipts, rose Sh per
cent, but lost part OF that. Other active
issues showed gains. Total sales, So
260.000
United States new As registered were
u per ccnS lower bid: do coupon and
the old As registered Y per cent lower.
and the rs y per cent higher.
The total sales OF stocks to-day were
$4,000 shares.
Evening Posts London financial ca
blegram: -
After a quiet and -ull opening the
stock markets here were generally good
to-day. a;