The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-03-09


NEW YORK. March 7.-siorey on
can easy at z. per cont Prime mefcau-
tile paper sos per cent slerllaF e1-
change steady with actrsl business IN
bankers bills at q SO: as IS FOR de-
mand and 81 ssE0l 81 Tor slxiy days;
posted rates 81 S5ss04 So: commercial
bills a Seis, Bar silver cssc.
The feature OF to-dny'4 stock MAJ ket
was marked activity, attended ~ pro-
nounced weakness IN Tobacco. The OPP
eratlons IN that stock ncccunteu for
81, 100 sharea out OF an lggreg gate for the
day OF 10000 shares liquidation by
insiders was noted and the profess
aionnl traders were active, depressing
the stock TO 7igt. In the late specnla-
tion recovery Of per cent ersued,
chiefly on covering by shorts,
The general list was devoid OF feat
nre. fractional concessions occurred
IN a number OF instances, In sympathy
with the depression in Tobacco. but IN
the last hour q general upward move
rnent carried prices to the level OF last
nights final figures. The closing was
dull and firm.
The speculation of the week has again
been influenced TO large extent by out
side considerations, notably the polite
cal unrest abroad and the Cuban bell
iigerency resolutions. Except In one or
two instances. the bulk OF the opera
tons have been conducted by the pro-
fessional traders in the Industrial
shares The argument employed
against the active securities in this
class are practically unchanged To-
bacco early displayed strength on COW
ering by shorts and gained nc to soc.
The reports OF railroad earnings have
been favorable In most cases Money,
both on call and time, has been easy;
Indications point TO broader market
for mercantile paper. The impression
prevails In well Informed financial cir
cles that the bankruptcy Of the Balti7
more & Ohio marks the end OF a long
series of railway receiyerships. Fur
Their progress toward strengthening out
embarrassed systems Is noted In the
plans OF reorganizations for the oregon
Short Line and the Utah Northern and
Memphis & Charleston. 1t Is believed
that controlling interests in Northern
Pacific securities have practically
agreed on a broad outline Of reorgani-
cation, and this impression has been re-
yfiected in Improvement in the securities.
Thus far no details have been diviilged.
The sterling exchange market has ex-
.hibited a hardening tendency, and re-
ports of general trade show reactions
ny turn. London has not been aside
from fayorites in st. Paul, which has
been bought on the favorable traffic
statement for the fourth week In Febru-
airy, and In the anticipation OF the divi-
dend declaration on the common stock
at the meeting Of the directors on
Thursday next. The net changes in
prices for the week, aside from those
noted, were unimportant as rule. but
with most stocks inclining toward a
1,244, 1888 shares
The bond market to-day was without
special feature. The volume of BUSH
ness was moderate, and the tone was
firm. The market during the week was
well held on diminished business. The
aggregate sales were $S,237000.
Dealings in governments were on a
large scale anu firm tone was noted.
The greater part of the trading was in
the new As. The aggregate sales were
sssS,000. Prices during the week were
irregular, and at the outset sagglng
tendency prevailed. In the late opera
tons marked Improvement occurred In
the price OF the new As. The total sales
were $2,427, 300.
State bonds were inactive. only $1,000
Virginia Centuries being dealt in at
shaded figures.
Silver certificates were without feat
ure. The transactions footed up $22,-
900, at 6sss G6S7Sc.
State bonds dull.
Railroad bonds firm. ~
Government bonds nrm.
The total sales of stocks to-day were
121, 1926 shares.