The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-19
FINANCE AND TRADE


Thn Features OF tho Money and Stock
Markets.
NEW YORK, Feb. 1S.-Money. on call
easy at 1AG1h per cent; last loan az
per cent. Prime mercantile paper 3G4
per cent Sterling exchange steady.
with actual business in bankers bills at
"a SIS for demand and at s. S3G4 S3A
for. sixty days. Posted rates 81 81 and
81 S6,s. Commercial bills 81 80. Silver
certificates 55%q56kc. Bar silver 55Nc.
Mexican dollars i5Hc.
The tone of the speculation vas
doubtful and hesitating in Wall street
to-day and large preponderance Of
the days dealings were In Sugar and
the. Grangers. Nearly GO per cent of the
total transactions were in these stocks.
| Coupled with the fact TINT the total
sales OF stocks showed a marked de-
crease from the recent average, the
large proportion absorbed by these
specialties formed significant COM
mentary upon the condition into which
the market has fallen. After the OPEN
ing weakness, due 10 sympathy with
London and some other foreign ex-
changes had been overcome. 1t looked
| as though the strength radiatinS from
the grangers had prevailed in the mar
ket, but the increasing weakness OF
sugar coupled with fall In the prices
| OF local New York specialtles In the
final hour was decisive factor in
driving prices below last nights level.
The radical utterances made in the
course OF the debate precipitated In the
senate on the Maine disaster also en-
gendercd distrust in the minds of the
| spectators and prompted liquidation.
| Business on the decline was by far the
most animated OF any during the day.
| The grangers were largely influenced
| by the conditions in the wheat market,
but there were also special causes at
work in their behalf. Gossip was rife as
| to the probable action OF the St Paul
directors on the dividend rate, the ru-
mors, all pointing to an increase. The
absorption OF this stock was credited to
a powerful financial interest," which
was said to be selling out It's holdings CT
| Sugar at the same time. London sup
piled ST. Paul stock freely aud sold 9TH
or international stocks here. Rock Is
| land responded 10 the action of the d.
rectors In calling the dehenture and eN-
j ,tensivc bonds, thus assuring the stock
| the benefit OF an carly reduction OF fix
ed charges. Tho Union Pacific, Denver
& Gulf securities were strong on ru-
morS that the reorganization In pros
pect would bear easily on them. Adams
Express was an instance OF strength,
selling at 11Sh, an advance OF 3E per
! cent, as against sale at par on Tues
day ex-dlvidend and ex-1O0 per cent In
bonds representing the distribution of
the surplus.
The bond held firm except that some
Of the speculative issues yielded in the
late dealings. There were very heavy
individual transactions In the Union
Pacific Is the Texas & Pacific Ends and
Rock Island extension SIS. The total
sales were S,62O,0o0.
United States old As coupon were 4
per cent higher bid aud the old Is reg.
the new As and the IS * per cent higher
bid.
The total sales Of stocks to-day were
3jl 500 shares.
Evening Posts London financial ca
blCEnm:
The stock markets here remain dull
to fiat to-day. Americans. however,
rallied nj midday and this being fol-
lowed by New York support, prices
closed firm ut the best
BONDS AND STOCK QUOTATIONS..
y; is s. new ds'rcs 1SsL9 ,G T.. \ Nav, Ss
u. s. As .tl2N IItcadng ........>SsGik
40 COUPON. ..,..1lfa lROuk lsland.... 9lh
do seconds ....lQ0 Isl. Paul 1900. g5,l