The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-09
T1NANCg AM TRADE
Tho Features OF the Money ana Stock
Markets.

per cent; closed at HON per cent
Prime mercantile paper aGi per cent.
Sterling exchange strong, with actual
business In bankers bill Mt 81 S7h for
demand and 81 S5% for sixty days,
Posted rates 81 S694 Ssss and 81 $50
4 ssh, Commercial bills 81 San. Silver
certificates 63& aGiHc. Bur silver 6a&c.
The most notable feature of to'day's
market was the sudden activity in the
shares of the Tobacco Company in the,
last hour OF trading, The stock had
been influenced by the depression exist
ing in other shares, after the opening
and had fallen point. But about de-
livery hour heavy movement develop
cd for the stock and 1t quickly regain-
cd the loss and more, rising 9Js points
to 77&. The fraction was lost in q re-
action. leaving the net gain on the day
gN per cent. The buying seemed to be-
| for inside interests and was attributed
| to various causes. There was report
| that the New Jersey suit to Rnnul the
| charter of the company had been decld-
| ed in the Compnny's favor. A rumor
originating in Albany. was also In cir
! culutiOn that the Forthcoming report Of
the legislative trust investigating COM
mlttee would not contain anything that
| would threaten harm to the company.
| There We're some 21;OQ0 shares dealt In.
| which was almost twice the number OF
any other one stock.
The general conditions all seemed IA
| Vnrablc for u buOyRht market through
out. The tone impaired 10 the opening
by the London market was distinctly
favorable. Americans being higher
| there and there was buying for London
account here during the day. Louis
| vile 4 Nashville which has been noe
tably depressed recently. in sympathy
with the London market gained lM
| per cent, New York Central continued
its strong showing on the statement OF
February gross earnings. which were
S3.30l,ISO. the largest for the COrre-
| spending month in any year since
1882. Omaha also went up lIG per cent,
| There was. however. "A cessation OF the
special activity In the Vanderbilt
shares. The Changers showed strength
and good resisting power TO the later
| depression In the market, being aided
by good commission house buying and
| the report OF AN increase In the east.
bound freight tonnage. The depression
was brought about by the special
weakness shown by Manhattan. much
doubt was felt as 10 the action TO be
| taken by the directors ut theic meeting
tomorrow on the dividend rate. The
price dropped 9A per cent to SAY and
| rallied only feebly. New Jersey Central
was also largely sold on the recent
| published statementBO OF the earnings OF
| its subsidiary coal company. The price
fell on . per cent Sugar also manifest
ed signs OF depression. due TO doubts
as TO the amount OF protection which
"a FfaBs
| the new tariff. There was also fall
In the price OF sugar itself The gener.
al list responded to the influence Of
these stocks. though not In any marked
degree New Jersey Central rallied in
the afternoon IL per cent, carrying
with 1t other cOalers. During part OF the
day the market was intensely dull.
The buying OF Tobacco shares impRrt-
ed strength to the whole market. 30
that the close was strong and sharp
gains were shown in the railway shares
Bonds dull
Governments neglected, but firm.
The total sales OF stocks to-day were
| 1913, 764 shares.
Evening Posts financial Cablegram:
Nothing is doing in the stock markets.
pending Grecce's definite reply to the
powers. and the course OF prices mere
| IL reflects local opinion on the situation.
L
may be gathered from the risc Of rs
| in ConsoIs. and the material gains in all
the leading securities. Turkish securi-
ties were especially good. Although, Of
course. politics are the theme OF the
| hour It must not be supposed that the
markets bear even the slightest sem
blance to n panic, Briefly put, London
has made up its mind that the powers
want peace. Germany is supposed to
be the only power really Wishing TO APP
ply Immediate and excessive coercion
| to Greece.
Japan continues to absorb all OF the
arrivals or gold other than soverelGns
| silver Is demOrallzed by Jnpan's aban-
donnlcnt OF the silver standard.
Rrazis were exceptionally 'lat on
unfavornble reports OF that country's
finance and on the furthe: fall In ex-
change.
The Berlin market was steady.
The Paris bOurse was better. the set
Elements having only forced one failure.
BONDS AND STOCK QUOTATIONS.
New L. S. Is registered 80. ........'i23H
| q y pOuTDn -, liza