The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-03-04
FINANCE AND TRADE
The Features OF the Money and stock
Markets.

NEW YORK. March a.-Money on
call easy Mt $685. per cent; last loan
closed at 3G3h per cent. Prime mer-
camille paper 1906 per cont. Sterling
exchange strong and higher. with &C.
tual business IN bankers bills At 81 SI&
a. SSH for demand and 81 sGk64 SIls
for sixty days. Posted rates 81 6is9
4 SSIlfpi 50. Commercial bills 81 $500
SO. Silver certificates GSSg6SSsc. Bar
silver GSAc.
The share speculation to-day was COM
parativeiy duh, business being about
one-third less active than yesterday.
The course OF prices was Irregular and
was dictated entirely by the profession
al dealers. A feature OF the days
operations were the variety on gossip
almost entirely concerning the indus
trial shnres London was not con-
siderable factor, Its operations being
limited and the orders about evenly
divided between the two accounts. The
initial prices were irregular. owing to
lower London quotations for Ameri-
cans. but he tmarket soon proved su-
perior to this influence and took an up
ward trend. The grangers and interna-
tional shares also made substantial
fractional advances. The advance halt
cd at the end OF the FIRST hour and was
succeeded by reactlonlry movement
In which some stocks fnnae materini
declines. The depression was attrlb-
uted to selling for London account and
by the traders. Tobacco. which absorb
ed one-third OF the total dealings, de-
veloped pronounced heayiness in the
later trading on reports OF the forma-
tion OF n powerful 'anti-trust comblna-
tIon. and Of cutting in prices by outside
plug tobacco manufacturers. Rumors
were also current OF an impending issue
Of preferred stock, amounting to 81 ,000,-
0OO The loss reached * per cent, but
at the low point, support was extended
by insiders and free covering by the
shorts resulted on appreciation OF that
fact. Blocks Of stock OF from 600 TO
$500 shares changed hands Al, frequent
Intervals. In the rally the price was
carried up to last nights closing, but
reallzations at the finish caused q con-
cession OF y per cent Baltimore q
Ohio was less active than recently and
moved in an erratic fashion within
per cent range, closing unchanged as
compared with yesterdays final prices,
The general market during the great
part OF the late session exhibited a firm
tone, and prices OF most stocks rose 70
figures slightly above yesterdays finals.
The market closed dull and Arm at frac-
tional net improvements generally.
Dealings In railway bonds fell on to
$1,000, u total considerably below re-
cent averages. The temper OF the mar
let was firin ard noteworthy move
mentS occurred In a few Issues.
Government issues were weak and
lower on Eaies of $tss.500.
Silver certificates ruled slightly high
er on aaics OF 81, 900 at 6s% 96s&c.
The total sales OF stocks to-day were
1920 shares.
Government bonds weak
State bonds dull
Railroad bonds firm.
Evening Posts financial cablegram:
London-The naval programme Is
generally approved In, the city. The
markets were better for foreign stocks
alone excepted. Consols were 10eh ex-
dividend. equal to over ITO with the
dividend
Americans improved gradually and
closed strong. nearly at the best. The
bond market, however. has not recov,
cred from the effects OF the Baltimore
& Ohio recelversnlp.
ParIs-The bourse has been fiat on
sharp fall in Italians. but closed better.
II Italian and Spanish stocks fall much
further the bourse promises to be hit
rather severely. as there Is an enormous
bull account In the market.
Berlln-The market was better than
yesterday but dull