The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-02
TTEANcR GND TRADE
Ths Fsatures Or DIE Money aud s.osh
Markets.

Ths FEATURES or tas Money aud stock
Markets.
NEW YORK. April 1,-Sronsy on call
easy at 1siG2 per cent; last loan 14S per
cent; closed offered at lN@s per cent
Prime mercantile paper 31&14 per cent
Sterling exchange easter. with actual
business In bankers' bills At s. SIN for
demand and at 81 S5H for 90 days. Posted
rates 81 SsM04 $500 ssN Commercial
bills 81 IS. Silver certificates 6296s!sc.
Bar silver &c.
To-day's stock market might be pretty
cOmprehenEively summed up In the one
word ''eoRlers."
The heaVlneSs lntheHeA tncles which per-
Sisted iateEm4t tiaGiy through the greater
part 0f the days trading was the decls-
I've influence on the course OF
prices and the effective instrument
OF the bear faction. They also
brought TO their aid. as yesterday, q
raid on the Gould properties. Out OF Q
total Of az, 900 shares gold, over 5000
shares were Of the anthracite coal group.
The group was the incubus on the mar.
ket which restrained the under cuFrent OF
strength that threatened 70 break out
kline u II AAAltAN SA9 I(4NAAgAs
and the Gould shares themselves broke
through the depression that bound them
uud jumped IL 4 higher level OF prices.
Prices generally throughout the list az
the same time rose to The highest OF the
day. The course Of prices OF the coRlsfS
was very irregular, m improving ten
dency struggling constantly with the
bear pressure. The improvement at the
opening carried up New Jersey Central
IL per cent, and Delaware & Hudson rs
per cent. In the suhgequent decline
worked by the bears an rumorS that New
Jeraey Central would pass the next divt-
dend and OF the effects OF bad business
on all the lines, Lackawanna Tell \; Della
ware & Hudson, New Jersey Central :;
susQuehanna & Western preferred z
and Reading preferred IL per cent
When these stocks began TO fiuctuate the
tearg opened raid on the Gould stocks
RunorB were circulated OF heavy daIn-
age TO the ST. Louis Southwestern by
floods and Of probable embarrassment OF
the company IN meeting imminent bond
OBLIGATIONS, The st. Louis Southwest
ern common stock shld OF 19S per cent,
the preferred 2ls and the first and second
mortgage bonds 3iS per cent. Western
Union lost 9, Manhattan and Missouri
Pacific / per cont. Vice President Edwin
Gould made the attack with a statement
that the st. Louis Southwestern had not
lost anything Of value by floods; that the
Goatiag debt was not troublesome, that
there Il no liability pressing at present
and that there should be no trouble N
meeting the coupon payment coming due
MayL I.
This was supplemented sy 2 statement
from President FOrdyce that the May in.
terest was already provided for, The de-
preston had spread from the coalers and
the 3oulds through the list and the
GranEers and railroads generally fell q
fraction, the bltumlnous coal roads being
especially affected in sympathy. There
was an uuder.current OF strength In tho
RAILROAD list, owing 10 the systematic et-
forts making amnng western roads to de-
wise a plan for sustaining the existing
rates and the motion IN the supreme
court on behalf OF the Joint Traffic Asso-
citation to advance the hearing Of their
case. The heaviness In the c0alers ana
the Gould stocks weighed upon the list
and in consequence. restricted the deal
InEs somewhat in the Changers,
When a brisk demand for the coat
stocks set in the ahorts hurried to cover
and the Gould shares also recovered on
the statement Of Edwin Gould. As 9
CONSEQUENCES. the coaleFs recovered all OF
the loss and more, New Jersey Central
showing a net gain OF ~ per cent and the
others fractional except Lackawanna,
which closed unchanged. The recovery
in the GauldS left the net changes In
them only fractional except for Western
Union. which lost / g per cent on the day.
Tho Grangers and the general railroad
list also enjoyed fractional net gains. The
Industriafs were not heavily dealt In, eX-
cept Chicago Gas, and were generally de-
pressed In the early part Of the day, ows
ing to special causes. Sugar suffered
from the retroactive clause ot the tariff
bill as the company was expected 20
mako large profits on sugar imported be-
fore the tariff 6oes into effect Chicago
Gas fell on tho reports Of unfrlandly Leg
IsiRtlon 10 be attempted. General Elec-
trIc was the victim OF reports OF bad bus
incSy. Sugar and General Electric lost
iX Der cent each and Chicago Gu6 tx per
cent. Consolidated Gas was also de-
pressed IN thefinni rally, Ft0cleR recev-
cred ali hut fraction OF their loss, the
Improvement extending t. fractional
mot gnin In General Electric. Tobacco
rose tx per cent, net gain OF a fraction.
Mobile q Ohio, which has been neglected
for a long tlnlr, ssOid up to 80 and closed
ut 20A bid,as compared with Is at ycster-
days close. This rise was noteworthy,
coming In the face OF the suit Instituted
yesterday 10 Featrnln the building OK the
contemplated q Montgomery extension,
The olJalng, OF the market was strong
AMI EeneralIy ut top prices.
Bonds Arm.
Government bonds held flrH1.
The tu.ll gl)es OF stociSs to-day were
t,y"p,ng Posts London financial ca