The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-01-06
FTNANoE AND TRApE.
The Features of the Money, and Stock
Markets.

The Features OF the money ana STOCK
Markets.
NEW YORK. Jan. 5.-Biopey on call
steady at 4Gs per cent; last loan ~
per cent; prime mercantile paper. 8 per
cent. Sterling exchange firm. with ac-
tunl business IN bankers bills at
81 SIX for demand and at 81 Ssg4 ssh
for sixty days, posted rates 81 $40
4 81, and 81 ssh. Commercial bills
81 s1k@4 s2gs. Silver certificates 5sh9
5s%c. Bar silver 5sc. Mexican dollars
476o
Government bonds strong.
State bonds strong.
Railroad bonds irregular.
Prices Of stocks traVeTsed a consid-
cradle range to-day, moving forward in
the early dealings and then pursuing a
retrograde course TO about last nights
level. The deduction TO be drawn Is
that professional traders are dlslnclin-
ed to undertake extensive speculative
commitments. The most effective In
iluence towards this disposition is the
conviction that the money markets Of
the world are not yet in condition to
on credit. The incident which pointed
this moral was the unexpected proper
lions OF the gold engagements for to-
morrow's steamer, amounting to
81, 800. GOO, as compared with preliminary
estimates Of 100000. The large en-
gagements were in spite Of sRgging in
the rates In London and sharp de-
cline In the discount rate at Berlin. It
is evident there that the British gov
eminent designs abundant use for large
additional funds and that available
gold supplies will be drawn to London
as far as possible. Such a prospect
makes definitely against the probable
ity Of an easy money market in New
York In spite OF the replentshment
which various factors are now bring
ing to this center. The cause of the
morning strength In the stock market
was the cessation Of the selling pres
sure for Berlin account. The absorp-
ton OF New York Central stocks and
the sympathetic effect upon the whole
railroad list continued. The reaction
gained force with the growth in volume
OF the gold engagements. and the bears
were disposed to take advantage of the
situation 10 depress the industrials, no.
tably Sugar and the steel and iron
stocks. Rumors were circulated that
new difficulties would be encountered
in effectIng the distribution OF divi.
bends on the common stocks OF iron
and steel eompa MES. which It has been
reported was soon to be made. Oficini
disclaimers that any such difficulties
were apprchended faxed to cause any
notable recovery In the stocks affected.
The closing OF the market was, how
ever, firm. but dull, and net changes.
aside from the industrlals, were not i'm.
portant The weeks regular currency
movement by express has been largely
in favor Of the banks, the outgo has
fallen TO less than u million dollars, 80
that the weeks gain from that source
Is estimated at over 100000, not count.
ing receipts by registered mail, which
last week were considerable. In add.
ton the banks have gained from the
sub-treasury S256,0O0. But 5000. 900 az
gold expected last week. must be reck.
oned so that loss on all accounts "a me-.
urcd at $i.5O0,0OO at least. Whether this
has been Offset by loan contraction IA
doubtful In view Of the weeks activity
In the stock market
The bond market was dun and IrreR-
ulnr. Total sales par value. 81 1866 900.
United States 3s registered and the
new 10 advanced y per cent In the bid
price,