The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-02-27
FINANCE AND TRADE
The Feature, Of the Money aud stock
Markets,

The Features Of the Money and stock
Markets.
NEW YORK, Feb. 26.-Money on call
easy at 394 per cent: last loan . per
cent: closed offered at per cent. Prime
mercantile paper 5a7 per cent. Sterling
exchange firm, with actual business In
bankers bills at 81 sIisd4 S1R for de-
mand and - S6Itd4 S6& for sixty days.
Posted rates 81 S734 1914 and 81 SSik@
SO. Commercial bills 81 ssh. Bar silver
esAse. Silver certificates 69IsdS9Ae.
The stock speculation to-day was nm
out and out professional affair, with the
bulk OF the business centerinH IN three
industrinis and two railroad stocks, The
movement OF prices was irregular, with
steady downward trend. Realizing
sales were the feature OF the day. but
the range OF fluctuations was in the
main narrow. American Tobacco and
Sugar were about equally active, and
recorded transactions considerably In
excess OF any of the other shares. The
trading as n whole showed falling on
OF about 5000 shares as compared with
yesterdays aggregate. Thetone at the
opening, in responsibility higher quota
lions in London and moderate pur-
chases OF stock sold for that account In
this market yesterday was hrm, and
prices were slightly higher. LIquida-
ton soon became apparent with the re-
suit OF raids by the bear professionals.
The latter contingent selected Leather
preferred as q point OF attack, in con-
nectlon with the publication OF un-
favorable forecasts OF the annual re"
port OF operations, In advance OF the
meeting OF the board OF directors, The
stock declined 2A per cent. The
pressure to sell In the market abated
soon after the end Of the first hour and
purchasing movement by the shorts
resulted In rallies, which in Few In
stances were noteworthy. Tobacco
was marked UP ~ and Pacific Mail ~
per cent. The gains were held In most
cases until late In the afternoon, when
liquidation In Tobacco set in apparent
~ for inside account. and carried Its
price down 2h per cent. Declines Of
slight Importance occurred In the gen.
eral market. bit Leather preferred
dropped N: Baltimore & Ohio IL per
cent and the Erangers important frac-
tIonS. despite a large increase in the
January net earnings of st. Paul. The
speculation left on steady In tone and
at general net concessions In prices as
n result Of the days operations.
The dealings In railway mortgages
were less active than OF inte and the
distribution OF business was also indif-
ferent. Pronounced strength was dis
played by some OF the Inactive issues.
The fluctuations In the active list were
unlmportant. and values were well siis-
tanned until late in the day, when prices
shaded on under the leadership Of
Northern Pacifcs. The aggregate
sales were s1,722.OOO.
Government bonds ,.>.H' actively
traded in. the dealings footing UP Sili,-
900. The market ruled firm at uny
changed quotations. cit
Government bonds firm. 20
State bonds inactive.
Railroad bonds easier.
Evening Posts London financial
cabieIram:
The markets opened firm all round
to-day, but speculative stocks fell away
on reallzatl0ns and closed dull, IN
Guiding Argentlnes.
American shares were neglected. clos
ing dull. mostly under thu parity.
Silver securities were strong Copper
keeps up firm. Produce shows an up
ward tendency which, by some. 1t Is
argued. means fall in stocks. But.
falling political complications. such IL
not the view held In the best quarters.
The Paris and Berlin markets were
dull and rather weak.