The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-06
FINANCE AND TRADE.
The Features OF the Money and Stock
Markets. "

Markets.
NEW YORK. Jan. 5.--Money on call
steady at 2MGs per cent: last loan 81
per cent. Prime mercantile paper 25sa
per cent. Sterling exchanscsteady. with
actual business Ia bankers bills at
81 SiIGi st.i for demand and at
IS sl4a4 S. for sixty days; posted rates
81 5el.d4 S5is4 Commercial bills
a soXg4 SIX. Silver certificates $40
eo;i. Bar silver silver 5sc. Mexican
dollars ie,s
Government bonds irregular.
State bonds weak.
Railroad bonds strong.
Notable gains were recorded In the
s2ccialtIes and some OF the railways TO-,
dar. The announcement OF gold en-
gagemeats OF million and a half over
came the rcactionarT tendency, OF the
forenoon and set the market forging
upward which continued 10 the close.
Tho conditions OF the exchange and mo-
ney market do not seem TO warrant the
expectation that the import OF gold viii
be a sustained movement, the theory
being that our large balance OF t:adc
would not be drawn upon largely while
money can be loaned at more profitable
rates abroad a lower range Of Lon
don prices gave declining tendency to
carly transactions here. Manipulation
OF the specialtIes, Tobacco. Brooklyn
Transit and Peoples Gas gave better
Rome 10 the railways. but on PROFIT ijH-
Ing there were come very substantial
losses. With the announcement OF the
gold imports In the afternoon. the bulls
had thrown away. especially In Man
haitian, General Electric, Brooklyn
Transit, Pittsburgh. Cincinnati. Chicago
G. st. Louis and Colorado Southern. The
railway shares moved rather sluSg!shly
until late In the day. when al active
demand arose for Louisville. Rock Is
land and the Southwestern group. eN-
ceptlng Texas Pacific. which broke bad
la ut the end. On the publication Of 4
report that Manhattan elevated was TO
be electrically equipped By General
Electric, these stocks which had each
advanced five points presumably on
early Information OF the reported deal
receded sharply on profit taking. The
purchase OF coal lands In Pennsylvania
BIZ parties friendly TO the Ontario &
Western which II was inferred would
largely increase the Iratilc OF hat road.
rendered that stock active and strong.
Reports OF the possibility OF Brooklyn
Union Gas increasing its dividend rate
and forming advantageous alliances
better the price OF that stock FIVE points.
There was cothIng in current news to
account for the rise In Chicago Gas en-
cept$talk OF continued good business.
Hooking Valley securities were
weak on the publication OF the reorgan-
ization plan which the movement In the
company's stocks and bonds indicated
was more drastic than expected. The
common stock dropped Ia. the prefer
red l. the per cent bonds % and the
5s 10, with subsequent recovery in no
case except the IS, which regai1ed Sh
OF their earlier loss. Brooklyn Transit
was very strong. rising 3%. Late in the
day Il was said that while the contract
to equip Manhattan Electrically had not
been given confidence had been ex-
pressed by General Electric interests
that they would &c. the contract.
The bond market was under pressure
during the forenoon but In the late
session heavy purchasing orders were
distributed which carried the level Of
prices above yesterdays close and i'm
ported strong tone generally. Total
sales S5.965.000.
+ United States new is coupon reacted
u and the IS H. The new IS registered
and the old Is registered advanced Il in
the bid price.
Total sales OF stocks to-day 9l5.OOO
shares.
BONDS AND. STOCK QUOTATIONS..