The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-11
FINANCE AND TRADE E:
The Features OF the Money anu stoc
Markets.

D. 7 o 81 . .
Markets.
NEW YORK. Feb. l0.-Money on cal!
steady at 2Gsh per cent: last lean 81.
per cent Prime mercantile paper ?&a
81 pes cent. Sterling exchange steady,
with actual business in bankers, bills al
81 s5'sa4 $50; for demand and a,
81 S3i,s84 SSst for sixty days: posted
rates "a S4@4 Stji. and 81 sedi Ssis.
CommerciaY bills 81 Saisdi So. Silver
certificates nominal at 5SisSf6g&c. Bar
silver 1850. Mexican dollars i7xc.
The market left on with advices In the
leading speclalties and prominent rail-
ways with the tone unsettled. The deal
| inss were largely professional and were
In the nature OF evening contracts over
the trlple holiday. The early trading
was practically featureless. Commits
| sion houses had bu. few orders and the
trading for London account was In very
moderate volume without any marked
tendency. The railways were inclined
to sag In the enrly trading, 81. Panvs
earnings increase OF 100000 falling be-
low expectations. Aggressive buying OF
Burlington dissipated the early hest.
fancy and had q favorable influence OF
the market generally. The coaiers
showed particular strength, as did New
York Central. Pennsylvania and the
Changers generally. The usual refund
ing stories which lacked official con-
iirmation were revived in connection
with Burllngton's strength. Pacific Mail
recovered an early decline. which was
attributed to advices that the steamship
subsidy bill was unlikely TO pass, Sugar
displayed strength. while Tobacco was
weak most OF the day. The further sue
cezses about Manila had a sentimental
~ beneficial influence on values. Prices
rose until delivery hour. when there was
brisk selling movement, but stocks
were so well taken that rally ensued
in some quarters in the final dealings
and the market closed over the holidays
to be re-opened Tuesday morning.
Meanwhile the bank statement will
appear and much Importance attaches
to Its character.
Railroad miscellaneous bonds were in
good request throughout the day. with
gains OF Importance in some Issues.
Total sales, s3,S5O.OOO. United States old
As registered advanced Il and the IS
registered u per cent in the bid price.
Stock prices this week were extremely
variable with q contraction in dealings
compared with the recent large volume.
Comparative prices show great irregu-
larlty with losses prevailing. The upris-
ing at Manila exerted a disturbing eff
feet. but spectators were inclined to
view this incident as assuring the ratl-
fication Of the Spanish peace treaty. Ac-
cording to the traders view the DISPOSE
ton OF this matter would be favorable
TO stock prices, inasmuch as 1t would
remove one Of the uncertainties 81 the
situation. Therefore there were pur-
chases OF stocks In anticipation OF the
senate's action. although there were
many confusing advices as to what that
would be. London took more optimis-
tic view of the announcement that the
treaty had been ratified BIZ the senate
than that displayed by the local trad
ers who followed their custom OF reallz-
Ing profits on the elimination OF what
they regard as favorable news. sold
freely Tuesday morning and prices re-
ceded very materially. A rally set In
about noon the following day and con-
tinued until the closing dealings of
Thursday. This in turn was followed
by advances on Friday. colncIdent with
the announcement OF the second sue
cess of the Americans operating against
the Filipinos. The transactions for
London account were pretty evenly
balanced for the week and to-morrow's
shipments from London OF American Sc
curities. Il was believed, would bring the
last batch that London had sold. These
sales in recent weeks. II was calculated,
were equal in value TO about s35,O0O, 900.
These sales resulted In easier monetary
t,.Ittt ~ 81
time money appeared In abundant sup
PLY locally. there being loans OF as low
as per cent for call money. This is
partly due to Americas receiving. In
part payment for her large balance of
trade, round amounts OF gold from
Australia. The uncertainty and hest
fancy in the earlier part OF the week
may be attributed largely to the unfa-
vorable Interpretation OF last weeks
bank statement and the curtalment o.
dealings and the uncertain tone OF the
market later may be accounted for by
speculation as to the probable showing
of this weeks bank statement. Notable
advances for the week were Lake Erie
& Western preferred 80: Metropolitan
Street l.Iilway q and Consolidated Gas
3A per cent. The declines include To.
bacco, s; Pittsburgh. Cincinnati, Chicago
& St. Louis. 6: the preferred 81. and
the International Silver rs per cent.
There was more stability to bond
prices than in stocks. although values OF
the speculative liens huc.uated in ac-
cord with the stock speculation The
semi-speculative issues assumed con-
siderable prominence during the week.
occasional buoyancy OF these mortgages
tending to create pronounced strength in
the general market.
United States old As registered adj
vanced Il and do IS y. United States
As coupon declined y. and do registered
Il per cent in the bid price
Total sales OF stocks today, were
49,, 100 shares.
BONDS AND STOCK QUOTATIONS.
Y. s. new 3s.....l01!i lore. R. & Nav. II
U. S. new As reg l2Si9 Pittsburgh .....lSO
do coupon. .i2sis Reading ......... 90
L.. S. is...........ll@a. do first pre-. COS
Il s