The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-15
FINANCE AND TRADE
The Features Of the Money and Stock
Markets.

The Features Of the Money and Stock
Markets.
NEW YORK, Feb. 14.-Money on call
closed easy at 1A@1ts per cent: last
loan TX per cent. Prime mercantile pa
per 394 per cent. Sterling exchange cas-
Ter, with actual business in bankers
bills at 81 S5h for demand and at
81 S3a4 s3N for sixty days. Posted
rates 81 81 and s4 S61s. Commercial bills
81 SEE. Silver certificates 5s1hG5Thc.l
Bar silver 56Ac. Mexican dollars 45kc.
The weakness OF tocks was pronounce
ed to-day and permeated every depart
ment OF the market. The decline was
quite uniform in the general list and q
few OF the highly speculative specialties
broke severely. There was little sup
port In the way Of buying orders at any
point and prices went off easily and
rapidly. The market sseadied at inter-
walls and rallied rather feebly, but pro-
nounced dullness followed every symp-
tom OF recovery. Few OF the active
stocks have escaped a net loss OF a
point or more and many prominent Sc
curIties are over 2 points lower. The
higher prices at the opening were caus-
ed by the confidence with which prices
OF Americans had been sustained on
the London exchange during Saturdays
holiday in New York. This confidence
was still in evidence In London before
the opening here and the international
stocks showed sharp advances In SYM
pathy, reaching nearly a point in the
case OF Union Pacific. These advances
were OF the most ephemeral character,
some Of them being almost wiped out
In the running sales at the opening.
This was particularly the case with I'm
ion Pacific stocks In which the reor-
~ganiZation committees agreement with
the government over the Kansas Pa
cIhc sale seemed to bring realizing. The
days movement in Metropolitan Street
Railway covered a range Of 14lk points,
the slump from the high point to the
lowest being continuous and very vlo-
lent, the prices giving way several
points at a time, There was q quick
rally OF sis pes cent, But the stock fluc-
tuated widely and closed at a net loss
Of owe five points. Third Avenue was
at one time 81 points above last Fri
days close and though It reacted sharp
ly In sympathy With Metropolitan
Street Railway it retained a substantial
gain.
Much talk was heard OF the Cuban
question during the day, but there was
no specific development that offered n
new motive for the selling. The bears
took advantage OF the overbought con-
dition OF the market and the rather
long-sustalned effort 20 support prices
to make an aggressive raid. The stock
dislodged by uncovered margins induc-
ed quite a heavy liquidation. The bears
had no difficulty In covering at the de-
cline without any marked rally In
prices. Special weakness was shown by
Northwestern. Kansas G. Texas prefer.
red. New York Central and Pullman.
The Rubber stocks and Third Avenue
were practically the only prominent Sc
curIties in the list to resist the weak
ness.
The r%eact.onary tendency In stocks
affected the bond list throughout for
the first time since the recent advance
was checked. Prices Of bonds did not
yield at once, some Issues showing
strength In the early part of the day,
but declines were general before the
close. Dealings continued on q very
heavy scale. Total sales, s4.540.0 900.
United States new As coupon were Il
per cent lower bid and do reg. and the
old Is reg. were X per cent lower Did.
The total sales OF stocks to-day were
4Oi. 200 shares.
Evening Posts London financial ca
blegram:
The markets were quiet and easier.
to-day. but with an absence OF business.
Americans opened good, especially
Louisville e Nashville and Union Pa
cIlc. but then gave way on New York
selling and finally cloaed Nat on reports
OF an ultimatum, from the United States
to Spain.
BONDS AND STOCK QUOTATIONS.
VI 9. new Is reg. 12sillo r., & Nav. 1sH
do coupon.....12Si4 Pittsburgh 80. lG9 4
u. 8. 4s g.,,,.....1l3 Heading ......... 81
do seconds ....lM lSt. Pau ....,... 04N
u. 8! IS reg....,.115n do preferred. .l47h,
do Us coupon. ,1lJS 49,. Pe& Omaha. ,Ga
Pacific Gs of '05. .l0i do preferred. .lb0
AtchisonI ........ IN lSOuthernS Pac..,. 20
do preferred. ~. 3lh Texas &c Pac.. q. u
Bal. ohlo..s.. Y Union Pacihc... 335s
Can. pacllc..,..8 81 Wabash a....n.. -
Can. Southern. hR edo preferred. len
/ Central paclNc.. 1916 tWhecl'y A. l.. d. Is,