The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-07
FINANCE N TRADE
The Features OF the Money and Stock
Markets.

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NEW YORK, Jan. 6.-AIoney on call
firm at,cG3,s per cent; last loan closed
at 3q3is per cent. Prime mercantile
paper 3,4G4 per cent. Sterling exchange
strong, with actual business In bankers
bills at 81 S5G4 Ssh for demand and at
$i'S219i SO for sixty days; posted
rates 81 S3hs and 81 Sc; commercial
bills 81 So. Silver certificates 57ItQ5Sc.
Bar silver ssTsc. Mexican dollars 45gc.
To-day's stock market was broad,
animated and strong throughout and
gains were maintained with only In
significant reactions at intervals. Buy
Ing was on q very large scale and was
aggressive and confident. a number OF
prominent operators were in the move
ment and their combined takinss made
up a large share OF the total transac-
lions OF the day. But there was mani
fest an outside interest in the market
which was awakened by yesterdays
strength and the commission house
business was on a fairly large scale.
The investment demand for safe divl-
dend paying stocks and the heavy buy
ing OF bonds were also evidences OF al
infusion OF new life into the market. It
is likely tina: these dealings were pro.
fessional nevertheless and they seemed
to have been melted by the very con-
fident expressions OF one OF the largest
and most dashins operators in The mar
ket and who was In large part the lead
er OF last summers rise.
Some OF the most notable gains
were achieved early in the day
and were quite firmly held throughout,
even in the face OF very large transac-
tons. There was suggestion OF real!z-
ing in this, but al! offerings were well
absorbed. The closing was only slight
ly below the best and showed net gains
OF between l and . points for nearly all
active stocks. Prices for American Sc
curities were good in London and In
Europe to-day and gave an impetus to
the rise at the opening here. the inter-
national stocks being the first TO ad-
vance. The next to feel the movement
were the Vanderbllts, New York Cen
trail being conspicuous for the large,
buying and an extreme advance of two
points. There was a report circulated
that the active managers OF these pro-
pertles had been sharply admonlshed
bg the controlling interests that they
hold on their positions would be made
dependent on rates for traffic being
maintained on their lines. Reports on
the settlement OF differences on the
rates from the west also helped on the
rise. The coalers all enjoyed marked
gains on reports OF Increased business
and better prices. Continued rtrength
In Sugar also helped to sustain the
market. The prevailing tIghtncss OF
money showed the first decisive ten
dency towards easier rates to-day and
which most loans were made at 3A per
cent, the rate yielded 10 ; per cent and
closed at that. There was a better de-
maud reported also for commercial pa
pcr, though, not suficlen, % cause !,
Welding of the rate which confirmed a.
a. To 4 nor cent for choice GRADES
Tbere r,ss somc ou,s,an dIng show, H.
tcrcst In the market and ,he cover,ncv
n, ,his be,nca on the rise
The bond marte. was even -,or. no..
five and than stocks and some
no,abIe gains were srored The. ,.aro
two transactions OF 800 600 mar valve
ono IN Rroot,vn transit avos and N,
ot;,er In Wabash firsts, Commercial, "a
b,o fours GAINED 81 per crnt. srsopo-
ham, 8 western general 6ves or mr.
cant. N,ssouri Pacific collateral ,rnst
. and Mobile &. Ohio "a Is;
nor cert Total s,les. 81 oeo ono
Government bonds ver. /, nor cc,,
nj, aro,,nd.
Tho total s,Ies Of stocks To-day were
,oo eoo ,,,,.,
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Evening Posts London financial a