The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-24

Everything on the list was more or less
depressed and several OF the stocks
which werc most effective In sustaining
the market In face OF the several eff
forts made last week by the bears to
raid It were foremost to-day In yielding
TO the pressure on the market. The de-
clsive influence In etectlnE the decline
was the apprehension excited by the de.
oision OF the supreme court at Washing
ton yesterday, holding that the trans
Missouri freight association was Illegal
under the terms OF the Sherman anti
trust law.
There Is no doubt whether under this
decision any agreement between rail-
roads for division Of traffic and main
tenance OF rates Will be held lawful.
There are many properties listed that
have been sufferers from tndtscrlmlHate
rate cutting and competition for busi-
ness. The anthracite coal group " a
notable example and the shareholders
base their hopes of Improvement lD the
value OF the properties on the restrlc-
ton Of competition by agreement The
Ohio soft coal roads have also been VIC
Tins Of unTpstrained competition to
degree that has brought about q num-
Der Of receIVerships. Traffic agree
ments. are. in fact, felt to be a very
important element In the prosperity OF
all railroad properties. The industrial
stocks did not escape the eiHect OF yeS7
terdny's decision either, for Its atiiTma-
tion, by inference, of the validity OF the
Sherman law, is felt 10 confirm an et-
fectlVe instrument against some OF the
combinations Of capital.
As a consequence, there was no sup
port accorded the market. Contrary to
recent conditions. business was all done
on the downward course OF prices. This
weak condition OF the market agra.
waited the effect Of special depressing
causes, such as the continued slump IN
New Jersey Central. There waS an
enormous liquidation in this stock.
There was much Ions stock thrown on
the market. The extreme fall OF the
stock was ~ per cent. The other coal
ers were not affected more than the
general list The only favorable feature
in the market was the Increased
strength OF foreign markets.
Chicago Gas seemed an exception to
the downward course for time. but
later yielded IL per cent. Manhattan
wnS UnfaYorably affected by q judicial
decision unfolding the rapid transit
law. Sugar yielded to the unfavoEable
Interpretation of the balance sheet as
published for the last year and sold
down 2h per cent.
Some covering and supporting ORDERS
IN the final dealings made the close ir-
regular. but the undertone was decld-
eddy weik.
The bond market ruled lower.
Governments continued to sag.
Sales to-day OF stocks were 2l6,6Ae
shares.
Evening Posts London financial ca
bleGram:
The stock markets were quiet but
fIrmer to-day. apparently on indications
OF Ghortness OF stock to-morrOW al
the beginning Of the settlement Con-
sulS were 112&.
Americans were the dullest market,
and the close was fiat on New York
sales, Mines wero steady. The settle
1nent again reveals the smalluess OF the
account
There arc persistent rumors that gold
IL TO come from the United States.
Meanwhile Russia and Japan are buy
ing here keenly and the price is fully
The Berlin end Paris markets were
hrm.