The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-03-13
FINANCE AND TRADE
I'll. Feature. OF ths Money and stock
Markets.


NEW YORK. Mar. 12-Money on call
NEW YORK, March 12.-Money on call
easy ut $685. per cent; last loan Jis per
cent; closed az SG3m per cent. Prime
mercantile paper 5d6 per cent. Sterling
exchange easier, with actual business In
bankers bills at 81 S7AG4 SS for de-
nand, and 81 $50 a. 81 for 60 days; post
ed rates 81 S7lkG4 IS and 81 sShH4 SO;
commercial bills 81 S6h. Silver certin-
Gates s9Mq6sN9: bar silver 6SSc. :.
Interest in the street to-day centered
on the probable action OF the board or
directors OF the ST. Paul railroad meet
Ing to act upon dividends for the mar
year, and the deliberations Of officials
OF the General Electric and Westing-
house companies regarding an nmicable
and business-like agreement TO abate
the ruinous competition that has been
going on for a long time past. On the
hrst point the expectations OF the Imam
clal community were fulfilled, as the
dividend rate In ST. Paul common stock
was Increased TO per cent yearly basis.
Regarding the electric companies, ru-
mors OF an agreement to'be shortly an
nounced, had been current In the street
for several days past. II was even
stated that an agreement had been sign
ed several days ago, subject TO the ratl-
fication to-day OF the respective boards
OF directors. The arrangement to-day
concluded covers a division OF territory
established and mutually satisfactory
prices. and other essential points and
win be hailed with satisfaction by the
security holders of both properties.
whose money has been for long time
past dIssipated In the conduct OF ex-
penslve patent and other legal suits.
After the exciting manipulation OF the
Industrial shares OF the past few days,
relief was to-day afforded by n more
general disposition to trade in railway
shares,
London was not factor in the spec
ulatlon, although the arbltraKe houses
bought some st. Paul. The market
opened with firm tone and more gem
eral distribution OF trading, The clos
ing was strong at general net gains, ex-
tending 10 one per cent in many shares.
Dealings in the securities OF the reor-
ganized Erie railway were begun to.
day. The common stock opened at
l59s. sold down TO liK, and closed at
15h.
As a rule railway bonds were quiet,
but generally Arm. The changes were
slight The transactions aggregated
Ss2s, 900.
Government bonds were without inn
portant change. The dealings footed
up $1,000
Renewed activity developed IN silver
certificates, $4,000 being traded In At
esh6ssI.
The total sales of stocks to-day were
200.I32 shares,
Government bonds Arm.
State bonds dull.
Railroad bonds hrm.
Evening Posts London financial ca
biegram;
The stock markets to-day were quiet,
but generally peter mainly on reports
that the Venezuelan matter is practical
iy settled. This report il not confirm
ed. but is pretty generally credited.
Americans were consequently good, and
II the news is true. bonds OF the best
American railways are likely to adj
vance soon. There was 4 smart re-
covery in mines.
Paris-The bourse was arm to-day,
closing under the best.
Berlln-The market was firm to-day
on n belief that the Beers reform
scheme will be modified
BONDS AND STOCK QUOTATIONS.