The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-03-24
New York Money and stock Market.
'' NEW YoRx, March g,


The position Of the Foreign Exchange market
In consequence oflts close connection with the
price OF gold and foreign trado o. the country 10 81
present ofmuCh importance. A short time since
one Of tho leading bankers steadily lowered the
quotations for sixty dAyS bills, which brought
ments Of American securities, cotton and other
ptoductS This started q very b6Artgh feeling
among bankers In regard to outstanding bills,
aud almost every one was afraid to buy because
cotton bIlls:, The leading arm noticed, drew
their own bills With great freedom, and In ad.
dtti0n It 10 stated, made million OF gold p8pCr,
and placed the same In tho market at 8 per cent
per 9nnum. It now leaks out that thlS arm
bought heavily Of cotton bills at low prices both
nero and In tho South, Whilo other bankers wore
quietly waiting for panic In the Liverpool cot.
ton market ofycry low rates for cotton bills.
MoNRY-MArket very easy, and clOSSd at sos
por cent on call. Strictly prime business notes
Il 6 stated that an Eastern mill will lose $780,.
900, and another 100000, by tho recent dry
goods failures. ~
ask l09k less l6 for % day bills; tho supply Of
cotton and other bllls Ia light.
A strong effort has been made 10 force down
gold BY reports Of tho certain passage Of the
Funding Bill by the House, tho result being fall
rom 1i2H 70 ii2A, 6qt subsequently, the price
reacted 10 1l2t, large bids for Treasury gold hRy.
ing strengthened the market; closing rates wCrC
ll9k 0llIS, the last carrying rats At 3 per cont;
cleaFaHcGS $28,000,0 900.
The Government sold q 900 900 at 1i9. IS:
tho bids aggregated 81, running as low aS
The Committee on Ways and Mcans have dp-
pointed next Tuesday as tho day on which they
will hear tho representatives Of the National
Banks on tho Funding Bill. As q matter o.
course, no action will be taken on tho bill until
IS GoyFEXTEST SS W ~ BoNps-Barcly slcady,
United States % Of 1881, coupons. III @ll4A
FIVe.tWenties Cs82). Gtli0S
FiVG-twentics IiSG9 9..............'...iG iGSHQioSSS
FlTG-tWenEies (l4GS) ...,.....,..,.....l .l0ST41109
FLvc.twCntlCs l1S8S) new. .1O7X 9l07H
Flve.twCntieS 1851. .................l .l08fG Gi09&
FlVe.tWenucs GIs6S). .''..'....:.''.'. .!g6hQHSSA
Ten:iorteS nj; oS$Si9S3,6
regular, at the morning call prices were about
steady at yesterdays ngures. Amer the call the
announcement Of the falling OF Of 800 900 In thH
earnings Of the Northwestern Road, produced
q fall OF t6l% In these stocks, with which the
whole market EympAthIZGd. Tho market RubS0
Qucntly strengthened and continued trm until
O'clock, when there was break 10 Northwestern
from 49, TO 7l%, which weakened the entire list.
The principal dealings were In Lake Shore and
Vanderbilt shares, Pittsburgh declined TO par.
TCFrc lIautc. strong Gt 81 for common, and 65 for
preferred. There waSan Increased pressure TO sell
all the leading shares. and the market closed un
settled aud weak at about the lowest prices Of the
Western Union Telegraph, IS; Adams Ex.
press, 81; Wells, Fargo d Co., 1917: American,
~; United States q; Pacific Mall 81; New
Harlem, 14Sjf; RCGdIug, 20; Michigan Central
1iSH; LakO Shore, sly; Illinois Central, 40;
Pittsburgh, 1OOH; Northwestern, ny; do. pro.
ferrrt, S9jS; Rock Island, l20A; New Jersey
Central, los; St. Paul, 69Ji; do. preferred, 79k;
Wabash Is; do. preferred Is; Port Wayne, Q3K;
TOETo HAutc, 20; Chicago s Alton, 1IIE; Ohio s.
Mississippi, 2SH; Cleveland, Columbus b Indiana
Central, ISH,