The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-26
FINANCE AND TRADE.
Tho Features Of tho Money and Stock

NEW YORK, Jan. 25.-Money on call
rather nrmer at 2,4GS per cent; prime
mercantile paper, 2h@3A per cent.
Sterling exchange steady, with actual
business in bankers bills at 81 size
4 san for demand. and Mt. 81 S2hd+ S2&
for sixty days; posted rates, 81 S3EQ
A s5k; commercial bills 81 SihGi So. Sill
yer certificates nominal at 5giaQ6oEc,
Bar silver. J9isc. Mexican dollars,
47ic.
There were gains u ] 10 he points
In stocks to-day on, transactions in eX-
cess Of q million Shares which were
widely distributed. many usually neg
lectcd shares figuring in the total. The
market here opened hcsltatingly. in
sympathy with the irregularity in Lon
don, which was seller OF some 2OOOO
shares In the first hour. The effect of
this selling was but slight. owing to
the support given by leading interests.
The professional clement relieved the
pressure which 1t had been eXertinE on
the market, and turned buyers. The
commission business was in fair vol
ume. and was disposed to follow nd-
ranccs wherever they occurred. Lon
don took back some of her earlier sales
on noting the improved tendency here.
Influences bearing on the situation were
handsome increases In gross earnings
for the third week In January. shown
by st. Paul, Missouri Pacific and Can
adam Pacific. There were q number of
very interesting features in the mar
kct after the first hour. Metropolitan
Street Railway started sensational
advance. which eventually reached 1l}a
points above last nights closing. Man
haitian sympathetically made an cx-
tremc gain of 8 points These move
ments led TO n revival of rumors that
the relations Of the two companies had
been placed on a mere harmonious basis.
The impression in the street that In
spite. nf the denials progress Is being
made in the Vanderbilt plans for bring
ing the collateral parts of their system
into closer financial relations was part
ly founded on the extensive and appar-
entity solid character of the purchases
of Vanderbilt stocks. In this group cx-
IRENE gains were made by New York
Central OF ~ points; Northwest SA
points and c., C. C. G. St l.. ~ points.
Onion Pacific preferred made Il rise OF
3h points on revived belief In the So
called Vanderbilt Trans continental
deal. while Lake Erie & Western pre-
ferrcd made q point on the idea that
the road was being acquired in the in
tcrest Of the New York Central. The
interest switched then into the low
priced shares. and rises Of about ,
points occurred in Rubber, Chesapeake
C Ohio. Pacific Mail. Canadian South
ern. Chicago Great Western "a and
Rio Grande 6; Western preferred. while
the extreme advance in Toledo & Ohio
Central. Rio Grande & Western COM
mon and Tennessee Coal and Iron
reached five points. The strength of
the Rubber stocks was on dividend Eos-
sip, that of Pacific Mail on reports from
Washington as to the disposition Of
Congress TO subsidize American ship
ping. Continued talk oNthc prospect
of rehabiltating in the anthracite coal
trade brought rise of from l to ~
points in the coalers. The CHANGERS.
likewise. were up from l to 2h points,
except In the case of Northwest, where
the advance was larger on Investment
and speculative absorption because of
increases in earnings. New York Air
Brake bounded up and Twin City