The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-04
FINANCE AND TRADE
The Features Of the Money and Stock
Markets.


Markets.
NEW YORK. March 2.--Money on call
easy at lIsD2 per cent: last loan at lha2
per cent: closed offered at Ia per cent.
Prime mercantile paper 3Gpi per cent.
Sterling exchange steady, with actual
busineE5 in bankers bills at 81 S7G4 STA
for demand and at 81 SEN for 60 days:
posted rates 81 S6Gt4 So. Commercial
bills 4 SAY. Silver certificates 64gG4lSc,
Bar silver &c
The volume Of dealings in stocks on
the exchange to-day showed total OF
over 200, 900 shares, which Is almost dou-
BILE the daily average for many weeks
past. The grAngerS and the high priced
Investment stocks, especially the Van
derbilt properties, led in the number Of
shares dealt in. and the high priced
stocks showed the widest variations In
the quoted prices. The industrial stocks
occupied "A secondary position in the
trading, the number Of shares sold OF
Sugar, the usual leader OF the market
being less than those OF Burlington. The
prices OF the industrial shares lacked the
buoyancy manifested in the railway
list. though they were ultimately carried
upwards by the dominating tendency OF
the market. There was no mistaking
the determined buliish tendency OF the
ITbulUg dIA NAs Nllbu@lA ull NAAEkAANN
fort was made to sell the market down at
the opening This was assisted by some
arbItrlge orders from London 10 sell, but
prices soon took an upward turn. A
bonding transaction OF such magnitude
and so advanyageouslyc concluded as that
OF Lake Shore announced yesterday for
$50, 900 900 hundred year bonds at ~ per
cent, was bound 10 have a marked effect
on the values OF all properties allied 20 1t.
In the case OF interests 20 vast as those
OF the Vanderbllt5, such an influence
would permclte all classes OF securities
and dccislvely influence the whole mar
lIet. Such was the case to-day. The ad-
vanc- In New York Central was most
marked. 1t was pointed out as paral
lei TO Abe funding OF Lake Shore bonded
d.bt that New York Central has OUT
standing about $4,000, 900 on bonded debt
which natures within seven years and
which bears Interest at from to per
con. The demand for railway stocks
fms stimulated showed plainly In the
priccs OF the high priced investment
stocks. come OF which were bid up With
out securing any response IN oilers or
stock. The movements in the Erangers
showed reflection from the Vander-
blts besides showing strength from IaN-
orabe traffic outlook
Il nc s1is run W. EsA='E ~ N'A'
the fourth week In February Of $t62 9dS
apparently was dlsregarded or satistac-
t5rIly explained as II did not impede the
advance in the group. The advance be-
came most marked in the last hour and a
half OF trading and in THAI time, carried
IN the Industrials, which had been VIC
tins Of depression In the early dealings
Sugar rising IA per cent from the low
point and Leather preferred per cent.
New Jersey Central and Manhattan also
rallied 2hGl2 per cent respectively There
was dealings In n large number or the
usually inactive low priced stocks also.
The broadening tendency OF the market
was In fact notable feature and gave
color 10 the hypothesia that an 'lnau-
guratlon boom" was partly the cause or
,bc DAYS advance In prices.
The bond market buoyant.
C;nycrnments rose fraCtlOrally.
Tho total sales Of stocks to-day were
1872. $40 shares.
Evening Posts London financial ca
blegram: The stock markets we're quiet
,n.dav Cable service with the CONT
MONT was interrupted until late this at
tcrnoon. when better adviCcs from Par
ia Unmarried hrmcr tone to the whole
london market. and It closed OF the
heat KniIrs were especially better
Americans were good and closed
strong.
Tho Paris boursc was potter after