The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-13
FINANCE AND TRADE
ThO Features Of the Money aud stock
Mnrkeia.

"a SSu4 SSIh. Commercial billA " 90,
Silver certificates 62gG9hc. Bar silver
62hc,
With the exception Of rally In prices
shortly after the decline ut the OPEN
Ing, the course OF prices was very gen.
orally downward to-day. The course OF
AFFAIRS In southeast Europe was pc.
tent factor In discOuraging trnding, anu
some private cable NdVIces received IN
the street painted more alarming con:
dition OF NIHaIrA than was reflected
from the foreign exchanges, The trend
Of the market downward brought real
IEinE RRles in some of the stocks that
have enjoyed the greRteSt gains OF late.
This was notably true Of Chicago Gas,
which rose q per cent after the open.
ing and which subsequently declined
Ia pcr cent ON profit taking. the sales
reaching an aggregate OF over 10000
shares and leading the market. The
stock recovered II per cent OF the loss.
The local gas stocks We're sold down
with the same purpose, Consolidated
gas losing IA and Brooklyn Union IL
per cent. American Spirits common
and preferred also declined on realiz-
lngs. the former ~ and the latter Y
per cent. Sugar secured an advantage
OF y per cent In the early rally, but a
reduction OF y In the price of refined
sugar aroused fears for the expected
profits to the company from imports
Of raw sugar In anticipation OF the tar.
IN. and the stock sold or ~ per cent.
The closing, however. was practically
unchanged Quite notable center OF
depression In the market was Tenncs-
see Coal and Iron, which lost IA per
cent on the report OF n threatened strike
on account OF cut In wages. growing
out OF the continued low price OF the
product. Holders Of Western Union
stock seemed to have an early intlma-
ton OF the coming decision OF the SUI
preme court, which was not announced
until later in the day. and which was
uufnvOTnble to a contention against tho
Bell Telephone Company. held for sew
crul years by the Western Union. Fears
were expressed by the sellers that the
result would be increased competition
against the Western Union By the tele.
phone company and this had the effect
OF driving down the stock Ia per cent,
after an early gain OF 4 per cent This
seemed TO open up n decline In the
Goulds extending to Il point in Manhat-
tan and fraction In the southwestern
railroads OF this ownership. which had
also to contend with some unfavorRble
reports OF earnings for the first week
In April Reports Of Increased earn
InEs for Kansas & Texas and Texas &
Pacific were not received until nearly
the close and so were without effect on
the trading.
The COalcrs were subjected to heavy
pressure after an early rise of Y per
cent in New Jersey Central. The bears
argument was that heavy damage had
been done to the COmpRny's Collicrics
by foods. 4 fall Of ~ per cent was
brought about in New Jersey Central.
l.ackawanha. Reading common, first
and second preferred. and Of y per cent
in Delaware & Hudson The sales OF
Reading were notably large. Declines
were quite general in the railway list.
the grangers, southwesterns. Wander
bits and internationAls all showing
symptoms OF depression. but the losses
not exceeding a fraction In any case.
Louisville & Nashville held notably
hrm on the strength of an increase OF
earnings In the first week Of April OF
over So. 900 Although the total volume
Of dealings was somewhat small. sur
veg Of the list shows them well distrib-
utad IN small lots The closing was
weak at the lowest point In most cases
and at general net declines
The bond market eased OF in sympa-
this with the downward trend OF share
values bu, the losses were trivial, aside
from colorado Midland nrsts. which re-
acted uer cent, az compared with the
prryious sale. The dealings developed
IIt;Ia feature and were largely confined
10 III. prominent issues. The sales were
y9s9 600
Government bonds displayed hard
ening tendency on the first call but
IaTeT sagped slightly. The sales were
Gin OO0
'rbc total sales OF stocks to-day were
Ii6 XII shares
Evening Posts London financial ca
telegram:
The stock markets were duh and de-
pressed to-day after steady opening.
Kaillrs were Nat on the political Tu-