Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-03-30
FINANCE AND TRADE.

NEW YORK, March q. Money on call.
easy at 1l2q1A per cent: last loan. H. per
cent; closed offered at IL per cent
Prime mercantile paper S1ad4 per cent.
h,S Stternng exchange; steady with actual
demand and 1850 ass for GO days.
Posted rates. 4S6Iad4SSl5.
Commercial bills, 4s4ls
Silver certificates. 62d62is.
Bar silver, CPS.
GoNernmentS-Firm
New I. 5. is Registered. ..............12 1884,
New L. = Is coupons 1874
I. ). IS Registered. ~
Y. 5 IS Coupons
|. ). Is Registered. llO5S
I. 5. Is Coupons 1877
I. ). Is Registered. .................. g6lP
Pacific Us OF ACKNOWLEDGEMENTS. 1923,
States-Duu
RailrOads-NNeak
Stocks-The weak opened with a contin-
uduce of the downward movement of
prices which has been in evidence since
last Tuesday when the decision in the
Missouri case first influenced the
trading on the exchange. The same influ-
ence was still powerfully al work and the
approximations of security holders regard
ing its effects We're intensified by the news
OF rate reductions by Missouri Pacific and
St Paul after their withdrawal from traf-
=, associations. The exceedingly uncer-
tain tenure of confidence manifested in the
prices on the London exchange was also
reflected here, especially at the opening,
rush downward Of prices. The low level
thus quickly reached invited covering and
prices recovered somewhat, but were soon
tending downward again. Stop orders
Were uncovered by the constant fall in val
ues and very large holdings of many
stocks were thrown over. The lowest
point was reached in the morning hour
and after noon a Struggling Improvement
set in which resulted in partial recovery
in many stocks. The days transactions
were large especially on the morning de-
clines. and there were heavy dealings for
professional account, but large amounts
of long stock also came out. The outside
buying movement. which was started by
the Lake Shore refunding bond issue and
the accompanying purchase Of Nahd l,s Oh
property for inside interests. has been en-
tirely suspended. The Vanderbilts scored
sharp losses to-day though the sales were
not large. Canada southern lost Sls,
Northwest 2k. Lake Shore ?, New York
Central IA. Omaha l. G. c. G and St.
Louis l. and Chesapeake and Ohio =.
Lake Shore recovered 1&4 and New York
Central / Michigan Central sold at 80,
against 90 for the last previous sale.
though IL had in the meantime bid down
by steps. The low priced shares cut quite
q figure in the selling, the Goulds paruc-
ularly. Missouri Pacific broke "a on re-
ports that that road had cut the rate OF
freight on eggs, but recovered IA on sub
stqueut denial. The price at the decllne
was 14i5 the lowest on record. The inter-
national stocks all displayed weakness IN
Sympat by with London. The Changers sur
fered from the general depression Rock
Island losing 2ss and St. Paul and Bur
lington each 12s. Burlington alone OF the
group rallied 10 the extent OF point on
The favorable showing of the February
statement. with its Increase Of surplus
earnings of nearly $500 goo. The ndustrlalS
were nearly all more or less under pres
sure or manipulation by the bears, sugar
Tobacco. Bay State Gas, Chicago Gas;
General Electric Rubber and Cotton on
losing from l TO points. The coalers were
quite notably steady and strong. on. ac-
count of their relatively favorable situa-
lion as regards traffic agreements New
Jersey Central and Lackawanna were Two
of the exceptional stocks which showed
net gains on the day. Similar gains were
made by Manhattan and L.. S. Leather
preferred. The closing was firm at par
tial recoveries. The bond market partici-
pated in the depression Of the stock mar
ket. Governments were neglected AZ the
boerd hut firm. Total sales of stocks, Si1,
$50 shares Quotations closed bid: =,
AtchiSOn ......... .-....... '''''''''''''', ~
Adams OBSERVATION-DISCLOSURES. .....-.'....'.'
Alton and Terre Haute ............... 90
DO preferred ......... .''.'''''''''''''''.
American Express ......... ...-.'.'''''idd
Baltimore and Ohio .................... -
11