The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-16
FINANCE ANDTRADE.
The Features of the Money and Stock
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NEW YORK. Feb. 15.-Money on call
steady at 2AG3 per cent: last loan 2,:
per cent. Prime mercantile paper ESQ
81 per cent. Sterling exchange firm,
with actual business In bankers bills at
81 SGG4 SSH for demand at 81 S494 S4A
for sixty days; posted rates 81 S41s and
81 So and 81 SeE@4 81. Commercial bills
"a S394 sShs: silver certificates nominal
at 59ikGG09sc. Bar silver 59ssc. Mexican
dollars 4T,lc.
Many stocks are materially advanced
on the stock exchange to-day. with
dealings considerably larger than on
yesterday. Generally the early market
was more animated than of late and
strength developed on pool manipulation
and commission house buying. London
sold about twenty thousand shares Of
stock. principally Northern Pacific.
while Berlin was reported as being q
purchaser OF this stock. Northern Pa
cIfc common in the local market re-
ceived pronounced support, apparently
on pool buying and on large dealings
advanced three points. Around 30, at
which point London was selling, enor-
nous blocks OF stock We're absorbed, al
though the price hung for long time at
53ssc. The advance in this stock pro-
crossed in spite OF the dissemination OF
report that the officials OF the COM
pany denied that the preferred stock
would be retired or that such project
had been considered. AS Northern Pa
cific common was the feature Of
strength. 50 WAS Burlington prominent
~ weak. This stock which was ad-
vnnced yesterday in anticipation of ac-
ton on the part OF the Burlington d.
rectors on a refunding scheme opened
unchanged, developed weakness and
made an extreme decline Of over three
points. The lowest figure was on the
announcement that nothing had been
done regarding refundinG at to-day's
meeting In Boston. This brought large
realizing sales, but the stock recovering
left Its net decline onlr two points. The
weakness OF Burlington had hut little
effect on the other erangers, which dis
played more or less strength at inter-
walls. The high-priced Investment
shares were conspicuously strong, espe-
cially New York Central and Pennsyl-
vania. Southern Pacific and Central Pa
c!lic developed pronounced strength,
especially toward the close. New York
Air Brake. which has been rather neg
lected of late, made a sensational ad-
vance of 1Ac. There was considerable
covering OF short sales by traders while
stock was supplied by houses with Bos-
ton and Chicago connections. There
were some sharp recessions during the
afternoon at the time when Burlington
and Sugar were freely offered down, out
prices picked up and continued 10 I'M
prove to the close, the leader In the re-
covery being Northern Pacific common.
Union Pacific and Atchison preferred
were decidedly firm. 1t was intimated
in the street gossip that script divi-
dend to Metropolitan street railway
stockholders TO be subscribed at PAL
was In contemplation but the stock was
quiet all day and mo"ed very narrowly.
4 brisk inquiry prevailed for some of
the prominent bond issues to-day, but
the market generally displayed an i'm
proved tendency. Total sales, S3,57O,000.
United States new As registered and
the old As coupon and the 5s coupon ad-
vanced Il per cent in the bid price
The total sales of stocks to-day. were
Gl2.l0O shares.