The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-01-16
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.


NEW YORK. Jan. 15.-Money on call
steady at sMG4 per cent. Prime mer-
camille paper 59s per cent. Sterling
exchange frmer, with actual business
in bankers bills at 81 ssa for demand
and ut "a SsH6t sSH for sixty days:
posted rates 81 S494 sl1i and 81 s7ls6
1 IS. Commercial bills 81 sly. Silver
certificates 5s1sG5sMc. Bar silver 5sAc.
Mexican dollars 41lzc.
Government bonds strong.
State bonds inactive.
Railroad bonds irregular.
Except where stock was under the
influence Of particular cause. the mar
ket to-day was almost at standstIll.
No outside interest was manifested, and
operations were entirely in the hands Of
professional board room traders. IndI-
vldual cause. which affected such spe-
clal stocks, were for the most part de-
pressing ones and the sympathetie eff
feet on the general market was toward
lower prices. The most conspicuous
movement Of the day was In Metropol-
itan Street Railway. which was affected
by the published discussion of the con-
dItion Of a prominent trust comrUny.
This publication served to explain last
weeks depression in Metropolitan and
group OF industriais and served also to
renew It. Metropolitan. Brooklyn Tran
sit and the Tobacco stocks were all
affected. Metropolitan fell an extreme
81. An announcement Of the bidders
for the New York Rapid Transit tunnel
contract rallied the stock slightly above
last nights level, on the belief that
Metropolitan interests were concerned
in the bidding. An example OF the kind
of motives that Influenced the trading
was that assigned for the buying Of
Sugar. one,of the large selling orders
came from a brokerage house. which
handles money loans for the American
Sugar Refining Company. The traders
argued that opening selling by insiders
Indicated a desire to Induce selling By
others, upon which saplent conclusion
they bought Sugar, London seemed to
take a cheerful view OF the military
Developments in South Africa, but with
very little eject in this market. Re-
ports OF strike depressed American
Steel & wire and some other metal
stocks by sympathy. The money mar
knt continued to work easier under the
influence Of continued gains from the
Interior and from the sub.treGsury.
Time money was readily obtained at
DER cent on railroad stocks. Call loans
were in small demand at ah@4h per
cent. The Increasing supply Of loRnable
funds seem to ofrer no Indictment to
speculation. Last weeks sales Of stocks
were 2.6sIO7l shares. In the cores
ponding week OF last year there were
sold 5,ssO,O75 shares. Last weeks sales
OF railroad bonds were OF a par value
OF $685., 900. In the corresponding week
OF last year they were OF II par value Of
ta2sIS.OOO. But, as II Is apuy observed,
easy money does not necessarily mean
easy borrowing. Money lenders and
capitalists rs well as spectators, SUI
fered from the collapse In values In the
December smash and there are many
securities upon which no loans can be
negotiated. The prevalent dullness OF
speculation may be- attributed to that
wisdom which even the burnt child is
proverblally said to attain by expert
enee.
There were some heavy individual