The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-11
FINANCE AND TRADE
The Features OF the Money and Stock
Markets.

The Features OF the Money and Stock
Markets.
NEW YORK, Feb. 1o.-Money on call
easy. at 1G1,s per cent; last loan IL
per cent. Prime merca ntlle paper 394
per cent. Sterling exchange strong.
with actual business in bankers bills at
81 S5a for demand and at 81 1904 say
for sixty days; POSTED rates s4s4G
4 S6,s. Commercial bills 81 S24. Silver
certificates 56h@571sc. Bar silver 56,sc.
Mexican dollars 45Ac.
The most Interesting feature OF to-
days stock market was the manner in
which 1t regarded the Spanish minis
ter's resignation. In view of the sensi-
tive7ess In the recent past TO every
thing connected with the Cuban ques-
ton, its disregard Of an incident in
vclv!ng so acute phase OF feeling Is
not worthy. The view taken OF the
subject in Wall street was that the
possibility OF danger In 1t had been
ayerted by the firm and the prompt
way with which the Incident had been
treated by the government. The prices
advanced from the opening of the mar
ket. Higher quotations from London
gave an impetus to the, opening rise
There was no general setback from the
opening to the close of the market. The
only; thing approaching 1t was an occa-
sional pause in the advance, but this
was simply due to O falling off In the
buying and not 10 heavy offerings. Up
on a renewal Of activity the upward
Va, IN A Il
were not uniform and were not stimuli
taneous. Considering the volume Of
the trading for the day, the rise In some
stocks was notably small. Among those
which show large gains the advances
were made at different times during the
day, first one and then another stock or
group Of stock being taken up and
pushed. The local traction securities
scored the largest advances and show
ed the heaviest dealings OF any group
In the list. Metropolitan Street Rail-
way duplicated its movement OF yester-
day with i rise of Ak points on rumors
OF special benefits in the shape OF privi-
leEes In q further issue OF stock. Man.
haitian was at one time over three
points up. but was feverlsh at the ad-
vance. Third Avenue rose 2ils per cent
and Brooklyn Transit points. The
strength OF the market showed q ten
dency to run to the specinlties and To-
bacco. General Electric. Western I'm
ION and Susquehanna C Western pre-
ferred we're conspicuous In the days
movement. Pullman added more
points to Its remarkable advance. The
mainstay OF the market WIS the renew
ed buying on a large scale OF New York
Central and the strength OF Northwest.
Omaha and the other Vanderbilt stocks.
The grangers, as a group. were strong,
Burlington leading. Noteworthy ad-
vances were also scored by Louisville,
Grand Island and, the Hooking Valley
stocks. Adams Express was bid up922
points over yesterdays bad price with.
out starting any offers. American Ex-
press sold 2h points over the last sale
and was bid up 2 points higher. There
was further easing In money rates to-
day and sterling exchange continued
firm. The recent slight reaction In
speculative bonds terminated to-day
and the general movement was again
strongly upward on @ very large bust
ness. 1t was reported that 100000
worth OF single Issue have been taken
for London account. Total sales, $780,
000 ~
United States new As reg. were & per
cent lower bid.
The total sales Of stocks to-day were
$4,000 shares. 49,
Evening Posts London financial Gu
blegram: s..
The stock markets here were quiet
and dull. Dear money Is beginning TO
have an influence. although 1t Is not cx-
pectcd that II will have n really bad cf-
feet on the markets. because the dear
ness Is partly ducito the healthy condI-
ton OF trade. There wern very large
borrowings to-day from the Bank OF