Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-03-08
FINANCE AND TRADE

Money, Irregular - Governments, Dull
Stocks. Firm - Flour, Steady Wheat,
Strong.
NEW YORK, March Mooney on call
was irregular, ranging from : per cent.
and interest per diem TO , per cent per an
mum: last loan at 3 per cent, closing Of
fered at 3 per cent. Prime mercantile pa
PERI per cent. Sterling Exchange heavy,
with actual business at 4S41{ for 90 days.
GOvERNSIENTs-DuM
Fours Registered. ..1111S
FOurS Coupons. ...............-... ..lll3
Four-snd-a-half Registered. ......... 99X
Pacific Skies OF aforementioned 5
STATEs-Duu
RAuRoADs-Weak in the early trading;
but closed firm. Sales, 81, So, 600.
STOCKS-The severe stringency in the
money market for call loans having been
as high as Is per cent per diem and inter
est equal 10 about so per cent per annum,
led 10 fresh attack upon the Industrial
stocks 10 the early trading to-day. Amer
lean Sugar Refining broke 65S to 1853, and
the others yielded anywhere from to S3s
per cent. Many small holders were
alarmed ut tle high rates exNcted for
money and sold out The railroad list,
on the other hand held remarkably firm,
the only nOtaole exception having been
New Ennland. which, on the popular belief
that the New York, New Haven and Hart
ford will ultimately get the road at its own
price, broke As 10 %. AS the day wore
along il became evident that the stringency
IN money was due In part 70 manipulation,
and this, together with further decided
drop In sterling exchange, had a tendency
TO restore confidence. Recovery set in and il
assumed more important proportion as
the case in money became pronounced.
American Sugar regained all Of its loss on
well authenticated reports, which were
afterwards fully borne out, that an extra
dividend would be paid on the common
stock. IL was officially announced late in
the day that the directors, in
addition to declaring the usual quarterly
dividend Of "a per cent on the preferred,
had raised the quarterly rate on the COM
mon from 21S TO 3 per cent, and in adj
ditiOn had awarded the common stock
holders an extra cash dividend Of 10 per
cent tstated that after paying all these
dividends the Company will have a surplus
Of some S5,OOO,OO0. Outside OF American
Sugar Refining the advance from the low
est was equal TO y TO % per cent
A majority OF the railway shares, like
ST. Paul, Rock Island, Burlington and
Quincy, Lackawanna, Louisville and Nash
vile, Union Pacific, Reading Missouri
PacEc and Atchison. closed with net gains
for the day Of 1al14 per cent There was
considerable buying for the long account
as we'll as 20 cover short contracts, owing
partly 70 reports that Secretary Carlisle
would at an early day announce an issue Of
bonds by the government of $50, 900, O00
The market closed firm. Sales Az, 900
shares. Quotations closed bid:
AtchiSOu, 81 ADAMS Express, 157;
American Express, liz: Baltimore and
Ohio, 81; Canada Pacific. So; Central
Pacific, %; Chesapeake and Ohio. %;
Chicago and Alton. 14l; Chicago, Burling-
ton and Quincy, 94S{ Delaware and Huo-
son, 1878; Delaware, Lackawanna and
Western. 1875; Denver and RIO Grande
preferred 525S; Erie, 2lS<; do preferred,
As; Fort Wayne, 155; Illinois Central,
qS1(; Lake Shore, l26; Michigan Cen
trail, 104; Missouri Pacific. 542< Norfolk
and Western preferred, 32l4 Northern Pa
cifc, 1873; do preferred. $3.50; Northwest
ern 111l4 do preferred l4O; New York
Central, los; Pacific Mail, $3.50; Peoria,
Decatur and Evansville, 1888; Pittsburg,
156: Pullman Palace, 1911; Reading, 243S;
Rock Island, 50; St. Louis and San Fran
cisco first preferred, IS; ST. Paul. M
do preferred 1924; Tennessee Coal and
Iron, 26i( Texas Pacific, 9; Union Pa
cifc, SIX; United States Express, Is;
Western Union, 94ss; Wheeling and Lake
Erie. ISIS do. preferred, 595<
Mining StOcks-ChOlOr -; Crown Point
40: Consolidated California and Virginia,
$50: DeadwOOd, $50; Gould and Curry, 50;
Hale and Norcross, 10: Homestaze, 100:
Independence, ~; Mexican, Ice: North
Star, -; Ontario, 1900; Ophir, 100; Ply
mouth, %; Sierra Nevada, rs; Standard,
40; Union Con-, 80; Yellow Jacket so;
ferred, 1900; Bulwer. 20.