The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-12-07
FINANCE AND TRADE.
The Features Of the Money and Stock
Markets.

1AbAA AAGt9s
NEW YORK, Dec. 6.-Money on call
firm. but closed rather easier at s9s per
cent; last loan per cent; ruling rate
z per cent. Prime mercantile paper 5M
@s per cent. Sterling exchange firm,
with actual business in bankers bills at
81 SsA9 S6& for demand and at 81 s11s
a. SIX for 60 days; posted rates IS s2ls
and 81 S7k. commercial bills 81 sO%.
silver certificates 5slls@5slsc. Bar sill
yer Sec. Mexican dollars 471tc. Gov
eminent bonds strong. State bonds in
active. Railroad bonds steady.
The tone of the market for industrial
securities showed decided contrast
to-day to that for railroad securities.
The break in prices of the industrials
approached decentralization by the mid
die period Of the afternoon. Meantime
the railroad stocks almost without ex-
ceptlon held tenaciously to their prices.
Late to-day the bears began to
cover and wrought some very remark
able recOyerles in the industrial list.
At the same time the railroads which
had been almost stagnant, displayed
some signs or animation and rose gem
orally above yesterdays level. Net
gains In a few railroads reached a
uoInts The late recovery In stocks was
coIncldent with an easing in the call
money rate to per cent, after ruling at
Z to s per cent earlier IN the day. The
banks were calling loars and the move
ment Of the industrials suggested that
they were in dlsfavor not only with the
speculative public, but with the money
lenders, industrial collateral apparent
" being displayed to a greater extent
than other classes. The bears were
very active and made bold onslaught
on the Industrial list, uncovering stop
loss orders on large scale, The easing
of the money rate aroused the supposi-
ton that the banks had strengthened
their position to a satisfactory extent,
promising some relief from the calling
of loans. AS It was evident that the
short interest had been largely extend
ed the room traders turned to the bull
side on the general theory that the
three days decline ir prices has reached
far enough. They had some success in
forcing the shorts to cover and the de-
mand from that source became rather
urgeL... Quite number of the In
dustrIals showed declin6s of az to Z
points and the subsequent rally brought
them up from ~ to points. Sugar
was decidedly errntic owing TO the sit
ting OF the directors to act on the dIyI-
dend. After an early advance there
was decided weakness and only mo-
mentnry check to the fall when the
regular dividends were announced. 1t
fell or afterwards to 14s& and after
rallyIng over points eased of again.
closing with net gain of small frac-
ton, The increase in the dividend rate
ON Atchison preferred though not en-
tirely unexpected had a strengthening
influence On the railroad list. Some
strength was impaired to the intcrna-
tional stocks by the support accorded
in the American department of the
London market. Continued large ship
ments OF currency to the south und a
loss OF over a million dollars by the
banks to the sub-treasury on yester-
days sub-treasury operations are re-
ported.
sterling exchange continued firm to-
I
day.
There was little doing in railroad
bonds ana prices held about steady.
Total sales. par value Sl,13O,Oco.
United States new Is and old lS i'd
yanced Y per cent in the bid price.