The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-21
FINANCE AND TRADE. +
The Features of the Money and stoc
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The Features of the Money and Stock
Markets. p
NEW YORK, Feb. 2O.-Money on call
steady at 292h per cent; last loan, "a
per cent. Prime mercantile paper.
2AGS1s per cent. Sterling exchange
steady, with actual business In bank
ers' bills at 81 1894 S614 for demand and
at 81 s494 s4' for sixty days; posted
rates. 81 S4h@4 S5Is and 81 81; CONNER
cIal bills, = 1904 S3t4. Silver certia-
Gates. nominally 59h1G0hc. Bar sill
yer. 59Sc. Mexican dollars. 47Ac.
The active stock specialties gener-
ally made large advances to-day. while
the railways gained from one to three
points. A strong tone prevailed prac-
tically all day. with the strength radi-
aing from one group Of stocks to an
other. The movement started In the
Changers and ,.andard stocks, and
next Paciflcs advanced. Interest
then switched Into the Flower group
and Souhwesterns successfully, and
then into the IndustrIals, with Sugar
and Tobacco leading the rise. Gen.
trail and Southern Pacific were weak
In the forenoon, just prior to- the pub
llcatlon OF the reorganization plan of
the former road, and subsequently rail-
lied. but feebly. London opened slightly
below parity and on the rise sold about
$4,000 shares. and subsequently pur-
chased about 5000 shares. Among
the Changers. st. Paul made an ex-
IRENE gain OF IL points, being sold by
London and purchased by western
houses. Burlington rose n point, and
then dropped 2h points. closing about
the lowest. The news that the syndi-
cate had secured a majority Of the Chi
cago d Alton stock benefited the South
western group, including Texas Pacific.
Missouri Pacific and Kansas & Texas
preferred rose over points each.
Union Paclfics followed with rise of
over point. Atchison preferred was
about the strongest stock among the
railways. making an extreme rise OF
3A points on favorable forecasts OF the
Forthcoming January statement of net
earnings. Among the local traffic
shares marked strength appeared, Met
propolltan making an extreme advance
Of 5k points. Brooklyn Transit 3M
points and Manhattan 80. points. The
movement In the latter was considers
ed twisting OF the short interests.
Southern Railway preferred and Louis
Vile were the strongest spots among
the Southern railways. although the
latter showed n decrease In the earn
ings for the second week in February.
Tobacco was sensational feature
among. the 1nduStrials, adding to its
recent rise 15h points. Many con-
rflicting rumors, all lacking confrIna-
ton, were disseminated concerning the
continued rise In Tobacco. There are
some In the street who appear TO be-
lieve that 1t Is n movement against the
short interest, part Of which was form
ed on the breaking up OF the pool in the
stock some time ago. and another
short interest recently formed in ex-
nectatlon OF violent trade war to
follow the organization Of the Union
Tobacco Company. Sugar became ac-
tive, and rose 6E points to l40. the top
price recorded for the day. This move
was In spite OF rival company max
Ing cut In their price of the refined
article. In the final hour reaIizations
appeared In many stocks. which caused
some declines of note but the general
market displayed Il ,rallying tendency
at the end The dealings which were
considerably In excess of million
shares. were the largest that have ia
ken place in some weeks. with commits
sion houses reporting a good volume
OF out of town buying.
The bond market shared in n general
show of strength to-day. but the rises
were generally OF the merest fraction
Considerable activity was noted as to
inquiry as Of late in the anti-spccula-
tive grades. Total sales, s5.5O0,OCO
Government bonds were unchanged
in bid quotations.
The total sales OF stocks to-day were
1.15S, 400 shares.