The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-09
FINANCE ANDTRADE.
Tho Features Of the Money and Stock
FH Markets.

Markets.
NEW YORK, Feb. s.-Money on call
rather easier at PIGGY per cent; last
loan, 2M per cent. Prime mercantile
paper 27s9Sh per cent. Sterling ex-'
change steady, with actual business in
bankers bills at 81 S5h@4 s5h for de-
mand, and at 81 S3A94 s3,s for sixty
days; posted rates 81 si94 Si1s and
81 1904 S6k; commercial bills 81 s2h9
4 50. Silver certificates 59kG6ohc. Bar
silver 597sc. Mexican dollars ATS.
Stock prices closed strong. with most
stocks ruling above yesterdays closing.
although for the greater part of the
forenoon session extreme weakness pre-
vailed in practically the entire list,
partly the result OF the impetus OF yes
terday's decline. London bought and
sold alternately and on the balance SOLD
about 10000 shares. the carrying rates
there indicating fair supply Of stock.
Practically all the local commission
houses had realizing orders at the OPEN
Ing, large part Of which sales were
apparently due to exhausted margins.
Many stop-loss orders were caught on
the decline, and general level was
reached OF q point all over In the rail-
ways, and in some of the speclalties
from Q to 3 points below yesterday.
There was a drop Of about points in
Great Northern preferred, Pittsburgh.
Chicago. Cincinnati & st. Louis and
National Biscuit, while Sugar and
American Steel were down points
each. Monetary conditions remain cas-
Ter and there was no important news
except Aguinaldo's request of h sus-
pension Of hostilitics. to which was at
tributed some Improvement in Ameri-
can stocks in the London market. 1t
was said that one prominent trader had
sold 10000 shares of a leading stock.
which it was understood was absorbed
by brokers who usually represent n
very substantial interest. Several large
bull houses were buyers on the decline
Of stocks, with which they are FREE
quently identified. These purchases be-
Ing noticed caused some covering by
traders, and by noon the market started
to rally and the movement gained con-
siderable Roadway rs the day pro-
crossed, and there were reccvcrlcs in
practically every stock that suffered
on the decline. Chicago, indianapolis
& Louisville preferred was aGgresSiVely
strong throughout the day and sold up
31s In expectation of an early dividend.
To the same influence was attributed
3-point rise in Reading first preferred.
Lake Erie {: Western preferred was
constantly supported and moved up 4
points on favorable gossip. National
Biscuit, which had broken points
early, became buoyant toward the end
and jumped points to 30. Other stocka
In which very material rallies occurred
late In the day were Great Northern
preferred and Canada Southern among
the railways, the local traction and gas
stocks, Tennessee Coal and Rubber, To-
bacco, Sugar and American Steel.
The bond market received fair
measure of attention from the bears in
the early trading, but subsequently de-
veloped an improved tone under the
leadership of Wisconsin Central tirsts
and st. Louis Southwestern seconds,
which rose strongly. Total sales. $780,
600. U. S. registered As advanced Il.
but do. coupons declined IS and the Is
4 per cent. in the bid price.
The total sales OF stock to-day were
1gS.100 shares.