The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-17
FINANCE AND TRADE.
The Features of the Money and Stool
Markets.

The Features of the Money and Stock
Markets.
NEW YORK. Feb. 16-Money on call
steady at 2,sd3 per cent; last loan 2'ls
per cent. Prime mercantile paper 2&@
81 per cent. Sterling exchange steady,
with actual business in bankers bills at
81 S6G4 S6H for demand and at 81 SIG
S+A for sixty days. Posted rates
"a S5Gi 81. Commercial bills 81 SSiz.
Silver certificates nominal at 59isd6siGe.
Bar silver 59Xc. Mexican dollars 47Ac.
Practically all prominent stocks adj
vanced to-day with gains in many cases
material and trading left off with the
tone strong and prices at the best. TIA
ders from time TO time sought TO bring
about q reaction, but were d!slodged
from one position after another and the
upward movement became general. In
fact the only active stocks OF import
ance that were exceptions to the rule
were Tobacco and Northern Pacific. the
former suffering loss OF 3iE on the
prospect of increased competition and
the latter e on decrease in earnings
reported yesterday for the second week
In February. which decrease was said
to be due to storms. London houses re-
versed their policy on Northern Pacific
and bought more than they sold OF II
and other stocks. Burlington, which
was ex-dividend to-day made an eX-
IRENE advance OF II on n large volume
OF trading approximating 100000 shares.
Thn Inv, ,f Is, etp Il,
houses having Boston connections. The
advance was stimulated by the state
ment OF prominent operator that lie
had purchased largely in the belief that
a retunding plan would be announced in
few days. The influence of Burllng-
toms strength permeated the whole list.
but more particularly affected the other
grangers, which We're benefited 10 the
extent OF point and over. Union Pa
cific was lifted nearly two points and the
preferred over a point,whilc Central Pa
citlc advanced l per cent on the report
that an arrangement had been reached
with the government committee for a
settlement OF Its obligations to the Uni
ted States Metropolitan Street Rail
way and Third Avenue Were verE
strong. rising AZ and s per cent re-
spectlvely. Federal Steel was in the
van of the Flower stocks in their rise,
which began as the day drew to a close;
the common advanced three points and
the preferred 2. Among the coalers
Reading first preferred and Jersey Cen
trail rose ~ per cent. International pa
per and Sugar advanced over per cent
each. New York Central and North
west. among the Vanderbilts, were ben
Gifted about point in the rise, while
Cleveland, Cincinnati, Chicago & St
Louis left off with a gain of rs. The
traders thought that the fractional adj
vance in London before the opening had
been manipulated from this side. They
sold freely on the idea that the effects of
the storm would result In lower prices
at least temporarily. Subsequently they
covered from time 10 time as pronounce
ed strength appeared in the various
stocks. IL the final dealings some stocks
were taken in expectation that the days
advance would bring the public into
the market in day o. two. The excess
OF exports over imports for January. APP
proXimating S5700O,00O, was something
of sustaining factor. inasmuch as ii
was taken to be an easy means of set
Ting for the large sales of American
stocks for foreign account In the past
three weeks.
The healthful tone In stock specula-
ton received a considerable back log
from the confident purchases in the
bond market. Central Georgia consos
and Wisconsin Central firsts led In point
OF activity and strength and important
gains We're also chronlcled elsewhere.
Total sales. s5.900.000.
United States new As and old As and
the 6s declined Is per cent in the bid
price.
The total sales of stock to-day were
ST., 400 shares,