The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-30
FINANCE AND TRADE.
The Features Off Money and Stock
Markets.

NEW YORK, Jan. eS.-Morey on call
steady at 2ll5G3 per cent. last loan 3.
Prime mercantile paper @Gs@3 per cent.
Sterling exchange firm, with actual bus
mess IN bankers bills at "a Sisiai So
for demand and 81 S2%G4 So for sixty
days: posted rates, 81 S3tts and 81 S5lG.
Silver certificates nominal at 59l.G
Bar silver, 59Ac. Mexican collars, SIC.
Government bonds steady; state bonds
strong; railroad bonds irregular. Com
mercill bills, 81 s..
The stool; market was quite irregular
today. The opening was strong, IN
spite OF the !rregulnr:.y in the London
market because, in part OF the absence
OF d!squetinS Philippine advlces, which
apparently had been expected b. the
traders. who started covering short con-
tracts. Presently there was 4 renewed
attack on values on predictions OF an I'M
favorable bank statement, but when
the statement appeared 1t unset nll cnl-
culations by being very favorable. This
vas the signal for the rcpurchase of
stock sold earlier. which gave 4 strong
tone to the closing. There were some re-
cess!ons In the railroads. however. on
the even!ng-up of contracts for the
week. Sugar end Glucose gained over
a POINT each. but It seemed to be the
impression Of traders that Sugar was
advanced IN the interest OF sellers
while In other quarters the simu,ta-
neous advance of Glucose and Sugar was
surmised to presage favorable trade de-
velopmcnts. Among the Pacifics there
was an advance Of over n point In
Northern and Southern. The move
ment in Northern, Pacific was attributed
to more confident gossip regarding It's
dividend standing.
Pacific Mall was strong on the more
favorable outlook FOR the mail subsidy
Dill In Congress. Minneapolis and ST.
Louis at one time displayed strength on
the possibility OF the first preferred
stock being retired. The prospective ad-
vance In coal rates at western points
was reflected In some strength in Read
Ing
This was Vanderbilt week In The stock
market. The dealings were over ESQ, 900
shares. with fluctuations showing great
irreEularity, but with an upward trend,
There were many reported deals asso-
GATED with the Vanderbilt name and
the stocks affected moved widely, nc
cJrdinS as the various rumors were be-
l!cved or discredi:ed. 1t was said that
New York Central, Northwest and
Union Pacific were to be amalgamntcd,
that Lake Erie & Western. through on
lions secured on stocks, would be found
nader the New Yori; Central control:
mat NtSr York Central was projecting
an arrangement with the West Vir-
Eihia Central. and TINT Chesapeake &c
OHIO would be merged with G., c., c.
~ 81. l.. As matter CT fact It was said
mat tho Randcrbttts were Increasing
the!r holdings IN various properties with
which they were identified, but rumo.
associated large buying In various rail-
IohdR as being In the interest of the
vandorbilts whenever the roads loca-
ton was such as TO lend crcdence to
we report The unruilied condition of
tsd money market IN face OF the un-
precedenicd volume OF trangactlopg In
stocks and bonds was rcassur1pg and In
a Sense confirmed the public conception
OF the marvcloUsly favorable conditions
prevailing In Industrial, AGRICULTURAL ana
financial circle2.ia America. Excellent