The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-06
FINANCE AND TRADE
The Features of the Money aud StOe
Markets.

Markets.
NEW YORK, March 5.-AIoney on call
easy at lhGIR per cent: last loan III
per cent: closed offered at IL per cent
Prime mercantile paper 3G4 per cent
Sterling exchange frmer. with actual
business in bankers bills at 81 S7G4 S7N
for demand and 81 S5Isdi ssh for 50
days. Posted rates 81 S8G4 S6is and
81 SSG4 ssh. Commercial bills 81 Si&.
Silver certificates 64lsa6iSc. Bar sil'
yer SIC.
The undcrtone OF Armness In the mar.
ket to-day and its stubborn resistance to
the rather dIscouraging tone reflected
from Europe, were notable features. The
day opened with decline due TO the
alarm manifest on the London and Con-
| tinentaI baurseJ over the threatening
aspect Of Cretan questions and TO sales
for London account Of international
| shares. This decline was soon checked,
however by quite Il strong buying move
ment coming through commission
houses apparently for Investment &C.
counts. The natural disposition OF the
| market seemed to rise and wipe out the
decline OF yesterday, which Is attributed
generally to-day to reaction and pront
taking. There was. in fact, general
advance in prices which held for the
greater part OF the day. Very few shares
attained the level Of yesterday morning
| before the decline set IN. Much the same
influences contributed to the rise as early
IN the week, the Vanderbilis being In eX-
Cellent demand. New York Central es-
psclaliy was strong on the belief that It
| ultimately would benefit from retund'
Ing operation similar to that Just con-
| cluded by Lake Shore. The shares rose
IN per cent TO IS, Lake Shore gained
2L and Northwestern and Omaha lM per
cent each The Changers also, and. In
fact, the whole railway list with few ex-
ceptions, shared in the advantage given
10 prices by the strong upward tendency
OF the Vauderbilts and rose strongly.
Commission house ordeT1 extended over
a wide range OF shares and gave variety
70 the market. or the Granger group
Rock Island showed an advance Of IN
per cent: Northwest gaining an equal
| figure, Burlington rose and 81. PAU
| x per cent, the latter In the fact "f heavy
London selling An estimated aggregate
| OF sales for London account OF 2O,VOO
| shares credited fully one-third OF that
| arn,Ittrt u, 81, Paul Louisville g. Nash
yllle WAS also heavily sold on London ac-
count and finally declined III per cent
The Industrials showed strength and had
apparently quiet recovered from alarm
over President McKlnley's anti-trust
uttcranCc. Sugar advanced Ia per cent;
Chicago Gas 1: Leather preferred lh and
| General Electric with exceptional
strength Il. per cent on reports OF grow
| ing business. Manhattan anu New Jer-
sey Central recently the targets Tor
bears, improved and is per cent re-:
spectIvely Even the anthracite coal
| group displayed more strength thah Oh
late, ,.,-, 49,.
| The continued sales OF London orders adj
| lod Ia tho weight Of the market. There
wa. also some expressed uneasincss as 10
more explicit and authoritative an
nouucemcnt OF the new Presidents Gu
| ban policy
There was some quite sharp rcceSslnns
Manhattan fell Ia Sugar |; New YORK
| Central !. ST. Paul & Omaha per cent
and many other shares notable irac-
tons. Bay state Gas especially dcpres-
sed ON feara OF liability for damages
caused by yesterdays explosion IN boS-
| ton. The undcrtone OF frmness was IN
| dIcated by the Immediate relapse Into
| InlIness when the downward trend N
prices was established. The CLOSING was
| weak.
The bond market continued strong.
Governments were in good demand and
| strong,
| l56. 1868 shares,
The stock markets recorded further
decline on politics to-day. The best In
formed people still believe that an Euro
pcan war viii be Rvcrted, but the sltua-
| ton IN admitted TO DC critical To"S"'S
1 8aI1
PresIdent McKinlcy's financial pro-
| gr,mme caused little comment, but II
waa not regarded an bun factor. Prices
Of Americans therefore, gave way on the
New York lead, but subsequently rose
again. closing u TO y per cent above me
worst, New York having ABSORBED the
shares offered. Gales seriously lhteL-
ruptod communication with The CONT
ncnt. Paris bourac was weak. ana one