The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-31
FINANCE AND TRADE
Ths Features Of the Money aud steel
NFSrlrnta

Tho Features OF the Money aud stock
Markets.
NEW YORK, March SO.-NIoneY on
call easy at lAd1% per cent. last loan
III per cent; closed offered at l15G2 per
cent. Prime mercantile 1903 per cent.
Sterling exchange steady, with actual
business in bankers bills at as1N8
4 SLY for demand and 81 S5&84 Sc for
sixty days. Posted rates 81 Ssssa4 ssh.
Commercial bills AS5 Silver certIa-
Gates 6I%662%c. Bar silver size.
There was notable recovery OF con-
hdence and resumption OF market
strength on the exchange to-day, after
tho continuous weakness since the SUI
premo COURTS decision In the trans
MISSOURI case. The Improvement OF
prices started in London apd was re-
fected here at the opening, continuing
IN the general list and especially the
western railways all day. There We're
evidences that the shorts considered
that their lines had been extended to
fbe limit OF safety and some pressure
10 cover was manifested. The main fac.
tor In the market was the subsistence OF
the fright over tho possibility Of rate
war which came with the announce
ment OF the dissolution OF the Western
TrafFic Association The authoritative
announcements that the schedule rates
OF those roads would be strictly eniorc.
ed and the news OF the efforts making
by railway officers to devise means
within the law 70 maintain their agree
mentS had q soothing eject on the
nerves OF securlty-holderS The meet
ing OF the counsel OF the various lines
In the traffic association was watched
with keen interest and the belief was
general and was subsequently confirms
"a by an authorized statement that
that association would await the decls.
ion OF their case by the supreme court,
which would be asked 10 advance II,
and that the association would mean
time continue to act, This association
has legal status by reason OF the cir
cult court OF appeals IN their case. On
tho other hand, II IL better understood
now in Wall street, whore the dlsSolu-
tlOn OF the western associations was at
firat regarded as preclpltate, that the
members OF those organizations we're, IN
sone sort, parties to the trans MISs0us
ri guIt. 90 that the decree Of the court
may make them liable II they continue
as members Of similar organization:
The Introduction In the senate OF blll
TO authorize railroad pooling agree
mentH subject 10 kHG 9pIIVNAl'ut .tAN aA'7
ter.Stnte commerce commission, also
added to the strength OF the market,
The improvements extended pretty
generally throughout the list, being es.
pOclally marked In tic Changers and
tho Western roads and extending In
the case OF Rock Island to 9%. Other
roads showed gain OF a point or 80.
The bear element chose as q resource
against this upward tendency an attack
on New Jersey Central and renewed tile
persistent runorS that the dividend ia
10 he reduced at the meeting OF the d.
rectoFB next Monday
The stock recedeI 3M per cent, to s.
and rallied point.
Tho notice given by the American To.
baccO Company that It had abandoned
rs factors agreement was tNkOu rs an
acknowledgment that the company
felt vulnerable on TINT point. Tho stock
lost NJ per cont, but 4 recovery left II
unchanged on the day OTHER induatrlals
infatuated lrregulnrly, Leather prefer
rod showing a decline at one time OF
IL poF cent. but with q not gain, eu-