The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-06
FINANCE AND TRADE
TIL, Feature. Of the Money and stock
Markets.

hAAASNAs
NEW YORK, April Money on call
easy at IIsGl4 per cent; last loan IL
per cent; closed at ljsalM per cent.
Prime mercantile paper s1aai per cent.
s,criIns exchange steady, with actual
business in bankers bills at 81 $40
S7lt for demand and 81 S5Std4 Sc for
sixty days Posted rates 81 S6is and
- SSd4 ssh. Commercial bills 81 SIN.
Silver certificates 6lAG629Sc.
The traders In stocks made a play
thing OF New Jersey Central stock to-
dag aud worked their VIII with 1t. So
inviting subject for speculation was
II tina; Il absorbed a large share otsat-
tentiOn In a very narrow market, Its
wide and erratic fluctuations making Il
especially available for the purposes OF
the traders.
There seemed to be an extraordinary
degree OF doubt and lack Of reliable in
formation as to the exact Intentions OF
the directors at the needing to-day re-
gardlpg the dividend That the rate
was To be- reduced was taken for grant
ed and stories had even found credence
Of late that Il was TO be passed. The
opening decline IN the stock to-day
seemed TO be based on belief that the
dividend would be reduced TO 3 per
cenr basis. The price sold Of sis 90 lGit
on this. When 1t was announced that
quarterly dividend OF l per cent had
been declared. a rally OF AZ TO S0E
ensued, but this was followed by re
action Of So 10 17as, due in part TO
disappointment at the absence of a
statement OF the companY's financial
condition aud to fears as 20 the earn
Ings having been up TO the dividend
rate decided on. Delaware & Hudson
was actively in sympathy with New
Jersey Central. falling " after an tnl-
tial gain of fraction, rallylnS to lOJM
the best OF the day and reIctlng to
lO24,. LIckawannn was dealt in eX-div-
idend Of * per cent and moved In
sympathy with the other coalers, but
In narrower range The absorption OF
the professional element In the coalers
left the market decidedly dun and the
transactions small. There was, how
ever, a large number or odd lots OF
shares traded In, supposed TO be Tor
outside account and to indicate the at
tractivcnesS to the outside public of
the present low level OF prices. There
was some slight stlnenlng OF prices
about midday on covering OF shorts,
and IN sympathy with the short-ived
upward movement in the COnlers LeAth-
OF u. but the Vanderbilts proflted TO
the extent OF sharp fraction. Later the
market succumhcd 10 number OF
adverse influences what were interpre-
ted as such by the dealers, The prln-
clpal Of these was the news that the SUI
ureme court had refused TO advance the
appeal of the Joint Traffic Association
case TO a hearing at the present term OF
the court and had set the second Mon
day IN October az the date OF the near
Ing. The resumption Of the CUBAN
question as subject Of debate In the
senate worked on the fears OF dealers
10 some extent disappointment was
felt that the prices OF Americans In
London aid NOT respond more fayOrably
to the presence In London OF several
American fnancicrg. supposed 20 have
In hand plans to benefit the properties
In which thcg are Interested. The de-
cline I'm the market became general on
a somewhat Increased volume OF deal
inEg due 20 realizing and TO some liPui-
dalton Of long stock. especially IN Inc
coalers ChlcaGo Gas was affected by
assertions that the result OF tO-mor-
rows municipal election in Chicago
might result I'm the return Of elements
| unfrlendly to the company The net
losses resulting In the railway list
| Uenerally ranged as high as y In
Burlington. the decline in the graugers
being marked,
The industrials were not much traded
In aside from Sugar and Leather pre-
rerred. Railway bonds were duh ana
mainly featurcless, The general mar
ket held firm with business very Hight.
Governments displayed an easier ten
dcncy with sales restricted to $4,000.
The totnl sales OF stocks to-day were
li3.i29 shares.
Evening Posts London hHsncIaf cable
gram:
The stock markets were stagnant but
better fo.day on cheap money. COnsols
were Hex buyers. Foreigners were bet
ter on the Improvement In Paris kaillfs
were Improved Tor the same reason. de-
spite President Krugers little blll. Home
rails were strong. Americans We're ne
elected but steady; the only feature was
the strength OF New York Central on
rumors OF a funding scheme,
The Consoi divilrnds have been pall.
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