The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-30
YIHANoEA am TRADE
Fhs Feature q De niOnsy ana staek
NIeFkets.

/ Il
Ths Featarea of me Money ana Staek
NEerkets.
NEW YORK. March 29,-1ioney on
call easy At l.s0iH PER cent; last loan
III per cent; closed offered AZ ~ per
cent. Prime mercantile paper ait04 per
cent sterling exchange steady, with
actual business In bankers bills at
81 S7it34 SfH for demand and Al
81 Ss,tG4 Sc for slxty days; posted ratel
81 Ssis aud 81 SSls: commercial bus
81 S4is, Silver certificates 6e9ssssc Bar
silver 6site.
The week opened with a continuance
OF the downward movement Of prices
which has been In evidence oince last
Tuesday. when the decision IN 1the
trans Missouri case tlrst inh1enced the
trading on the exchange, The same In
fluence Was still powerfully 90 work
and the approximations OF security hold.
era regarding Its effects were intensified
by the neNs OF rate reductions by mis-
souri, Pacific and 81. Paul after their
withdrawal from trGlic associations.
The exceedingly uncertain tenure OF
confidence manifested IN the prices on
the London exchange was also reelected
here especially al the opening and the
trading opened with veritabls rush
downward Of prices. The low level thus
quickly reached invited covering and
prices recovered somewhat, but were
soon tending downward again, Stop
orders were uncovered By the constant
fall In values and very large holdings Of
many stocks were thrown over. Thu.
lowest point was reached IN the morn
ing hour and after noon q str0g ING
improvement sec IN, which resulted ~
partial recovery IN many stocks. The
days transactions were large, especial.
~ ON the morning declines, and there
were heavy dealings for professional
account, but large amounts OF long
stock also came out. The outside buying
movement which was started By the
Lake Shore retundinE bond issue and
the accompanying purchase OF Wander
bllt properties for inside interests has
been entirely suspended The Wander
bits scored sharp losses To-day. though
the sales were not large. Canaua
Southern lost 3h; Northwest 3h; Lake
Shore 2; New York Central IN: onia-
hR 1; c., c., c. & st. Louis !. and Chess
apeRke & Ohio u per cent, Lake Shore
recovered IA and New York Central !
per cent.
Michigan Central sold at %, against
% for che last previous sale, though Il
had in the meantime been bid down by
steps. The low priced shares cut quite
a fEure in the selling. the GouldS par
tIcuIarly. Missouri Pacific broke ~ per
cent on reports that that road had cut
the rate OF freight on eggs, but recov-
cred III per cent on subsequent denial.
The price at the decline was AZ per
cent, the lowest on record.
RI3R,-L NSatoPV,Ss tENN0Ha atRNlrH all alt1nlnV-
ed weakness In sympathy with Lon.
don.
The Changers suffered from the gem
eraI depression. Rock Island losing -
per cent and st. Paul and Burlington
each i& per cent Burlington alone Of
the group rallied to the extent OF q
polnt on the favorable showing OF the
FEBRUARY statement; with It's increase
OF surplus earnings OF nearly 100000,
The iHdustrials were nearly all more
or less under pressure or manipulation
BY the bears, Sugar, Tobacco, bay
State Gas, Chicago Gas, General Flee
trio. Rubber and Cotton OIL losing IRON
i 10 9 points. The coalera were quite
notably steady and strong on account
OF their relatively favorable situation a.
regards trafiic agreements New Jersey
Central and L.1ckawanna were two OF
the exceptional stocks which showed
net gains on the day.
Similar net gains were made by Alan-
haitian and United States Leather pre-
ferred. The closing was ARM at par
tlai recoVerles.
The bond market participated In the
depression Of the stock market
Governments were neglected At the
board, but Arm.
The total sales Of stocks to-day were
aaa nRh -