The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-02-17
FINANCE AND TRADE.
The Features Of the Money and Stock
Mnrkets.

The Features Of the Money and Stock
Markets.
NEW YORK. Feb. ls.-Money on call
steady a. 2@2h per cent; last loan 2
per cent. Prime mercantile paper 4@5
per cent. Sterling exchange frm, with
actual business in bankers bills at
81 s7S04 SIX for demand and at 81 slh
for 60 days; posted rates 81 So and
81 ssls; commercial bills 81 SSR@4 ss&.
Silver certificates 5s&@sO%c. Bar sill
yer 59Nc. Mexican dollars 47hc. State
bonds inactive. Railroad bonds irTegu-
lar. Government bonds Irregular.
The dropping tendency of prices
proved too much to be overcome and
the majority of stocks show net losses
ON the day. In the Standard stocks
these losses are small, but the decline
from the carly high range was cOnsld-
cradle. The opening was above last
nights level in sympathy with London,
but even the initial transactions, the
weakness Of the local traction stocks
and Of Pacific Mail served to unsettle
the market. Prices sagged pretty
steadily from that time until the bear
operators among the room traders
started to cover their short contracts
In the anal dealings. This rallied the
level Of the market from the lowest, but
the movement was listless and entirely
without force. London was not en-
couraged by its good news from South
Africa to buy stocks here and. in fact
prices sagged in the home market.
consols lost all their carly gain. sup
posedly on the lmminence Of a new is
sue. But London was disposed to take
profits at all points. even Rand mines
showing sharp reaction from the early
advance. There was no occasion for
surprise therefore that the local mar
ket failed to hold the advance on the
South Artisan news. Tho bears had
not as much ammunition in the shape
Of the weakness Of special stocks as
they hud yesterday, but the general
tone OF the market was nevertheless re-
dictionary. Tho bears made inroads
upon Pacific Mall and United States
Rubber, but otherwise 10 very wide
breaches were made in values. The
local traction stocks were inclined to
rally vita the cessation of pressure
against Third Avenue. Sugar was err
rattle during the carly part Of the day
but became flrmer towards the close.
with considerable effect on the general
list, The general public maintained its
attitude Of apathy was the main
cause Of the heavlness. Probably some
yugue uneaslness is beginning to be
felt also regarding the winter wheat
crop because the ground is bare Of
snow. leaving 1t exposed to the cold.
Traders were disposed to discount an
unfavorable bank statement, although
money on call was in FREQ supply at
per cent for the greater part Of the day.
The record shows. however, that the
banks have lost on sub treasury opera.
lions 32,l3O,OOO. According to reports
rom the leading banks shipments OF
money by express this week are nearly
n million dollars greater than last week.
while the receipts from the interior by
express have fallen OF considerably
over u million dollars. This would In
dlcatn net loss on tho interior move
ment of nearly a million dollars, bring
ing tho total loss including sub-treaaury
operations over Ss,oOO,SOO. 1t Unknown
that some gold has been received from
Canada which docs not figure in this
estimate. There has been a continued
absorption OF money into mercantile
paper and other forms Of loans in the
course OF active buslneSH, so that u fur
ther extension Of tho loan item Is look
cd for. A large enerOaehment upon