The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-18
FINANCE AND TRADE
Tho Features OF the Money and Stock
Markets.

Tho Features of the Money and Stock
Markets.
NEW YORK. Feb. 17.-Money on call
easy at 1N9la,A per cent; last loan ~
per cent Prime mercantile, paper BOA
per cent. Sterling exchange dull and
steady, with actual business In bankers
bills at 81 S5KQ94 S55a for demand and
at 81 S3G4 S3H for sixty days; posted
rates 81 81 and 81 Ssk. Commercial
Bills 81 81. Silver certificates 55G 95Siac.
Bar silver CSC. Mexican dollars Acc.
:, The most important fact In connec-,
ton with to-dav's stock market was the
heavy liquidation OF yesterday was not
resumed. There was aggressive pres
sure by the bears at times, but they re-
Trained from leaving their contracts
open.and their covering before the close
brought prices back to near the high
level OF the day. Net gains resulted.
fractional for the most part, but ex-i
tending to point In some cases. Quo
tations received this morning from
London showed the prices Of Americans
there substantially above the closing
prices here last night. but that simply
meant that declines from yesterdays
London closing had not fully reached
yesterday afternoons heavy declines
here after the London exchange had
closed. The buying In London which
served to sustain prices was on cabled
orders from New York and represented
the covering Of shorts put out in this
market The opening was at or near
the London parity, but prices yielded
Immediately after the opening on llqui-
dalton sales through commission
houses. Support was forthcoming be-
fore they fell 10 last nights close and
the market rallied. but fell to the lowest
before noon on the disquieting reports
emanating from Key West that EVIL
dence had been discovered to show that
the Maine had been destroyed BY tor
pedo or exploded outside the ship. The
selling on this report was quite large
and the level OF prices was carried sub
stantially- below last nights close, but
the subsequent rally indicated that
these sales were largely by bears who
were not sure OF their position. In fact
the who'll days market reflected
doubtful frame OF mind on the part OF
the speculative public and disposition
to pursue waiting policy. Some degree
OF speculative interest was doubtless d.
verted to the wheat market. Yesterdays
increase in the Burlington dividend
rate and the final steps towards the
purchase OF the Kansas Pacific by the
Union Pacific reorganization committee
which were quite lost sight of yester-
day, had a favorable effect to-day.
There was large buying to-day OF Ore
son Short Line and Oregon Navigation,
which was not explained by any definite
news announcement. Minneapolis and
st. Louis showed resumption OF
strength on buying said to be for con-
troll.
The doubtful condition OF the specu-
lative mind was reflected In periods OF
Intense dullness during the day.
The bond market showed weakness In
sympathy with the mid day break in.
stocks, but closed strong and generally
higher than last night. Total sales,
s3.500000.
United States new IS and the old As
coupon were q per cent lower bid and
the old As reg. Y per cent lower and the
IS n per cent lower.
Evening Posts London financial ca
blegram:
The stock market were stagnant TO-
day except for Americans, which are
still most uncertain. They opened ami
mated and well above the parity with
buying. orders from New York from the
continent and the province Then arbi-
TRACE houses sold New York supplying
the stock with narrow margins. The
tone was weakened ana the close was
Il fraction above the lowest. The future
OF Americans turns on politics, other
factors being favorable.
( BONDS AND STOCK QUOTATIONS.
u. S. new a reg .121ai Ore. r. g. Nav. 5ia
do commonwealth pittsburgh .....lG9
u. 5. As...........ll2A Reading ........ 2o7s
do coupon. Rock Island 80. 81
do 2ds...........100 St. Paul......... 9lM
u. s. Is rcg.....ll3k do preferred. .lisE
do IS coupon. HE St r. & Omaha. TGX
Pacific G5 OF '95. .l0i do preferred. .150
Atchlson ......... 1eSs Southern Pac... 1871
do Preferred. 30S Texas SC Pao.... l2N
Bal. Y OhIo..,.. ICY. Union PacIilc... 335,
Can. Paclllc..... 81. Wabash ......... z"
Can. Southern. 5tS do preferred. 49,.
Central Pacific.. 13lslWhceig K l.. X. 81.
Chcs. & Ohio.... 22Ss do preferred. 1928,
Chi. & Alton. ...1G5 Adams Express.ll2
CHI, Bur. & Q. .l0lh )American Elk. .l2G
4 p r =