The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-07
FINANCE AND TRADE
The Feature, Of the Money aud Steel
Markets.


Markets.
NEW YORK. April S.--Money on call
easy at lss@l% per cent; last han Ia per
cent; closed at lIa9l% per cent. Prime
mercantile paper 3hQ4 per cent. Ster-
ling exchange steady, with actual busi'
ness in bankers bills at 81 S7h for de-
mand and 81 S5& for sixty days; posted
rates 81 ssh and 81 SSG4 Ssia. CONNER
cial bills 81 S4%. Silver certificates Glb
I62&c. Bar silver Gl%c
Interest In selling OF stocks was very
languId on the stock exchange to-day
and the market was apparently afflicted
with an attack or spring fever. Many OF
the stocks which are usually dealt In had
not q single sale recorded TO their credit
and others showed only a few odd lots
with not u single full share lot to make a
quotation. Fluctuations in the main
were very narrow, not Offering a sufti-
Client margin to invite operations even
by the professional traders. The dull
ness seemed to be reflected In part from
other centres. London showing nothing
doing in Americans, the StaGnatlon be-
ing somatkeitllat London agents of some
OF the houses in the street ceased cabling.
Chicago also was taken up with her mu-
nlclpal election and Boston and Philadel-
phia were also very quiet. Such dealings
as occurred were subject to entirely fic-
tttious influences and were concentrated
in a few stocks. The absence OF heavy
liquidation that has characterized some
recent markets was, however, marked
and the railway list held remarkably
firm. As an example OF the motives that
affect the dealings, II may be said that
| the comparatively large transactions IN
New Jersey Central were largely due 70
rather obEtruse calculations as to the
proper level OF the price for the new per
cent evident basis ,ompsES3 with other
per cent stocks. There was no news OF
importance regarding the finances OF the
company or OF the coal traffic in general.
The stock moved irregularly all day over
range Of ~ percent and showing a net
loss pt fraction Or the day. The other
coalers were affected In sympathy,
LackawaRna lost / n per ceGt on the day.
Delaware & Hudson on the other hand
gained net fraction. The trading In
Sugar was apparently affected by con-
ilIctIng rumors Of what inside interests
were doing with their holdings. Leather
preferred was quite a feature In the deal
inGs and showed i rather marked decline
of is per cent, recovering about half the
loss. The closing down OF the company's
tanneries, the prevailing low prices OF the
product and fears OF a bad effect on the
earning from the possible duty Un hides
caused the decline. Chicago Gas was
quite active and rnse on covering Of
shorts who had sold on the belief that
the company was likely to ~ unf1vora-
bly, affected by the Chicago election.
There was more or less weakness mani
tested In the specialtles. The railway
list. on the other hand. showed remarXa-
BILE tirmness, especially the grangers. The
fluctuations in this group were confined
to very narrow fraction. st. Paul long
held steady at f2h through succession
OF sales, mostly OF 100 share lots. but With
| one lot Of 1000 shares. the aggregate
| reaching z, 400 shares before the stock re-
| coded Y per cent. Burlington was al
most equally steady on larger transac-
| tlonF. This frmnesS of railways must
be largely attributed to confidence in the
stability Of the passenger and freight
rates at pnSent In force. The bears
were not able TO make a, much o. the
postponement OF thu hearing OF the Joint
Traffic Association appeal TO the supreme
court as they were yesterday. The In
creases in earnings shown by some rnt ds
for the fourth week In March, In spite OF
bad conditions, was also strengthening
factor. The Vanderbilt and Gould
stocks were comparatively neglected.
The railways generally, however, showed
fractional net gains, TIE general mar
ket also stiffened somewhat In the final
dealings and closed steady.
Railway and miscellaneous mortgages
held firm on moderate dealings. The
high grade liens Jared prominently in the
operations, but the variations were not
Important. The general tone was firm,
but some few noteworthy declines were
registered In the Inactive issues. The
aggregate sales were $l.OT6,OOO.
Governments were moderately active,
but unchanged IN values The sales
were SIS, 500.
Evening Posts London financial ca
bleEram:
The stock markets opened good to-
day, but closed dull on the weakness In
KnfIirs, due to Paris selling and to the
nature OF the proceedings before the
South African committee to-day. Con-
soils closed Y per cent below the rates.
The mining settlement was light and
nominal, and to-mOrrOw's carry-over
should be favored by easy money.
Americans were dropping because OF
lack OF support. The Paris and Berlin
markets were firm.
BONDS AND STOCK QUOTATIONS.
New u. s. IA reg. l2SE Nash & Chat, &c
New &. y. 81 coui23h n. j. Central. III