The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-11
Ths Features of tho Money and stoei
fLfsE W M,rLrt. etFsl7 'i

The Features of tho Money and Stock
Markets.
NEW YORK, jar. 1o.-Money: on call
steady at 39sh per cent; last loan 3
per cent; closed al Gigs per cent.
Prime mercantile paper 3k94M per
cent. Sterling exchange firm with ac-
tual business In bankers bills at 81 s51s
for demand and at 81 S2G "a SO for 60
days. Posted rates 81 s3ls and 81 S.
Commercial bills "a 50. Silver certlf-
cates75IlS 95Sc. Bar sllYer.5I.sc. Mex
lean dollars 45Hc. 81 & 4
There was hating In the bull move
ment on the stock exchange to-day, the
upward course OF prices meeting with
some obstacles. The buoyancy mani
tested by SOME special stocks was not
sufficient TO overcome the general ten
dency entirely and prices as rule are
some what lower. There was some pres
sure to sell for London account and
prices OF Americans were lower in Lon
don before the opening here. There
was q disposition reported from that
center to take an unfarorable view OF
the future values in this country. There
was also some selling to realize In con-
tlnuation OF Saturdays profit taking.
The readiness Of traders to realize gave
weight to the opinion OF some Of the
professionals that the technical condi-
tons were not good at present for pro-
ionged rise. This opinion Is based on
;Ee belief that large lines Of stock are
already In the hands OF SPECTATORS
awaiting a rise These. holdings, 1t Is
argued, might be disloGged by slight
reaction and passed to the hands Of
large combined interests.
: Doubtless the fear,of some such ma
noeuvres caused some of the smaller
operators TO pause in their buying to-
day. It also gave confidence to the
bears, who sold some OF the leading
stocks quite aggresslvely. The market
was, however, dull, as compared with
the latter part OF last week. The re-
cent activity Of Cleveland, Loraln g.
Wheeling, one of the few Ohio coal
roads to escape default on its obli-
cations, was extended Today to Hook
Ing Valley and Wheeling G. Lake Erie.
The common stock OF the former rose
over q point and the preferred over 3
points. Wheeling G. Lake Erie stocks
also advanced materially. but moved in
quite an giraffe manner. Tennessee
Coal was strong, apparently In gym
pathy with this group. Illinois Central
was In demand on the strength OF Its
statement OF earnings, which showed an
increase In gross for December OF nearly
$4,000 ara in ret for November OF
503,4SS. as compared with the corre-
spending period last year. The buying
OF Northern Pacific stocks was also
very heavy. blocks running from 1000
to 1000 shares changing hands quite
frequently. As result the preferred
closed i" higher at SIX which Is a
new high record. Michigan Central.
Missouri Pacific, Pittsburgh, Cincinnati,
Chicago g. st. Lo:lis. Manhattan and
Metropolitan Street Railway were other
stocks 10 show strength. New York
Central, on the other hand. lost point
on realizing. There was some dlsnp-
po!ntment In view OF Saturdays bank
statement at tho continued firmness OF
money, which did not loan below 3 per
cent. Foreign exchange also continued
firm. Z Z M: i n
The bond market was quite active 10.
day and prices held firm In face of some
realizing in the speculative issues. To-
tai sales S3.j75.000 n 4.
United States old As coupon are II
lower bid. ~ ~ sS i35tEa
1.-THE total sales Of stocks to-day were
335.500 shares. I'D z!
Evening Posts London financial CO.
blegram:S = U.s. t5g5. iss9 4
The markets here were Irregular to-
day and with less assured tone. Con-
sols and Kindred stocks were lower on
expectations OF gold Shlpments, this week
TO Argentina, hence also a further rise
In Argentine stocks. i 9. 3 2.
Americana srelapJed on Anew York
cable TO tho London Times, predicting
hsilver majority In the next house, etc..
%Hcl, while regarded too pGsslmistlc,
Is none the less likely to disturb the
public here as. rcviving the silver scare,
The reaction would have bcGn:m more So
Yerc but for the continental support and