The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-03-16
FINANCE AND TRADE.
The Fsa,Hrss OF die Money ani sioeh
Markets..

Markets..
NEW YORK. March 1i.-Money on
call easy at 3h per cent: last loan at So
per cent; closed at 3Is per cent. Prime
mercantile paper 56GG per cent. Sterling
exchange steady. with actual business
In bankers bills at 81 S7&@4 8S for de-
m2nd, and 81 S6AG4Sf for 90 days.
SO. Commercial bills 81 So. Bar silver
GSMc. Mexican dollars 65ikc.
The volume of business in stocks to-
day was only moderate. and the deal
ings bore the usual imprint OF manipu-
lation. With q single exception vagar-
les In the industrinls were the features,
the usual eccentrIcity oSllovement being
noted in TINT group. London was n
seller In the Northern Pacifcs. but
otherwise was not factor In the mar
ket. The stocks mentioned were nota-
bly, weak on apprehension OF severe as
sessments under the plan OF reorBaniza-
ton. which It IL understood will be pub
lished on Monday 1t In evident that
the common and preferred stocks will
contribute heavily to provide for the
large amounts OF cash that are impera-
lively required to rchabilitate that great
property. Upon dealings larger than
the recent average, the common stocks
yielded IL and III per cent. Trading in
the balance OF the list aside from lead
Ing industrial shares, was fentureless.
General Electric lost rs to 3GS, with
Boston large seller and subsequently,
4 re-purchlser to more moderate ex-
tent. Tobacco on the other hand was
exceptionally strong on manipulation,
and gained ~ and the preferred per
cent. with n subsequent fractional re-
action In the last named. Distilling
improved q per cent on suggestions OF q
formation OF d new pool In the stock.
Sugar sold up IL per cent ostcnslbly on
account OF advances Of prices Of foreign
and domestic product. Most OF the ad-
vance wns retained. The railways
shaded off slightly at the ouset. but stiff
fened later on purchases TO cover shorts:
The final operations were Irregular and
the net shanges show small fractional
gains.
The speculation OF the week clearly
indicated the continued indIsposition of
outsiders 10 make ventures In Wall
street. despite q number OF develop
ments that would ordinarily have Gre
nted interest In the market. The more
important events have included the de-
claratlon OF the regular quarterly divi-
dends on Sugar, Manhattan and West
ern Union. the half yearly dlsburse-
ments on Northwestern preferred and
st. Paul preferred and notably the ad-
vance made in st. Paul common TO n
per cent annual basis.
Tobacco was prominent in this class
In point OF activity and erratic fiuctua-
ton. At the outset reports were in cir
culatIon Of renewed aggresSivencSs by
the opposition. dissensions in manage
mont and other reports OF a like tenor
The price sagged to tx against I5ss. the
closing sale OF the previous week. The
aggregate sales were l.2ll,s97 shares.
The trading in bonds to-day was ex-
ceptIonally dull and uninteresting. The
total sales were s6,22I,0o0.
Governments were irregular with an
easier tendency on sales OF $t4S, 400.
In state mortgages marked improve
ment occurred in Tennessee Settlement
SIS. This also figured for the bulk OF the
business which aggregated $4,000.
In silver certificates dealings of $4,000
were noted without important change In
price.
State bonds dull.
Railroads bonds firm.
Government bonds firm.