The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-20
4 FINANCE i 4. ANDTRAD
rhc Features OF the Money and stock
Markets.

80 4 i
Markets. a.
NEW YORK, Jan 19.--Money on call
ateady at eos per cent; last loan. 3
per cent. Prime mercantile paper 80
~ per cent. Sterling exchange firm,
with actual business In bankers bills
at sis4Gd4 IS for demand and at 81 SEX
a. 50 for sixty days. Posted rates.
"a say and 81 s5is. Commercial bills.
"a sea- SIX Silver certificates, $40
sohc. Bar Silver, 59%c. Mexican
dollars. t7hc.
The stock market was strong and ac-
tive all day, except for realizing
movement around delivery hour, when
prices receded about O point in many
stocks. but toward the close picked up
sharply. and the closing was strong,
with material net gains In all the lead
Ing shares. The volume of business
was above the million share mark, and
London, after being II seller for long
time to-day. reversed her position,
and purchased about $1,000 shares. Fol-
lowing the example Of the imperial
bank OF Germany. the bank OF England
reduced Its rate OF discount. a conttn-
uance OF easy money conditions here
was another factor In the confidence
shown to-day. The Changers made new
high record prices for the current
movement, and the average price OF ac-
tive shares was also the highest. Tho
strong London tone encouraged high
opening here, and US there was large
accumulation Of buying orders over
night. the short interests were COM
PEELED to retreat In many stocks. There
was heavy realizing Mt the advance,
but the stocks sold were well taken. und
the market proadened up. The great
est activity and strength was shown by
Manhattan. Burlington. St. Paul, Su-
gar. AtchIson preferred, Reading first
preferred and Northern and Union Pa
ciiic. The advance In Sugar was credited
to rounding up OF the shorts. The
advance In Burlington seemed to be ac-
cented rs meaning that something was
under consideration In regard to a re-
funding scheme, although negotiations
under way were said to apply to the
issue Of only small amount Of bonds.
The interests concerned were nom
committal, and there was no definite
development one way or the other. The
led by story connecting the name OF
n large outside interest as likely TO
take part In the financing OF electrically
equlpping the road, but the denials Of
this were emphatic US hitherto. The
Increase in the Omaha dividend Of "
per cent seemed to have been discount
cd, rs the stock was inactive after the
announcement, and then dipped in SYM
pathy with the realizing movement in
the rest OF the market, Favorable earn
ings for the second week In January
lent strength to Louisville. Lake Erie
6 Western stocks advanced on cover
ing by the short interests. The pre-
fered advanced 5ls points and the COM
mon 29s points on the dissemination OF
rumors Of deal with the c., C. C@& St.
L. The rumor OF the prospective, re-
tirement of the Minneapolis, St. Louis
first preferred stock resulted In an adj
vance In the second preferred stock of
over three points. There was an ad-
vance In most of the Gould properties.
some OF which have been inactive Of
late, Manhattan rising Az points and
Missouri Pacific points. Among the
investment stocks New York Central
rose q point and n half. There was
considerable liquidation In Kansas,
Pittsburgh & Gulf stock and bonds.
The bond market showed relatively
more activity than the stock snecula-
ton. marked advances were, scored nll
around. with the undertonc aggressive
ly strong. United States IS register
ed advanced u per cent IN the bid
price.
Commercial Advertisers London
financial cablcgram:' tx
The markets here were more active
and strong to-day on the reduction by
the Bank of. England OF Its discount
rate II to 81 per cent. though a rate Of
3 per cent was generally expected. In
some quarters 1t is thought that the
bank fears gold Withdrawals, rs 10000
pounds Ywcrc taken for the United
States to-day, against 1000 pounds
bought. S,,'-
Americans we're strong az every point
and there was II strong support New
York came strong, and the close was
buoyant ut the top.
Total sales of stocks to-day were
1,010,S00 shares.