The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-02
FINANCE AND TRADE
This Features Of the Money aud stock
Markets.

This Features of the Money Npu STOCK
Markets.
NEW YORK. March money on
call easy at lIsaISi per cent; last loan
~ per cent; closed offered at 1lk@l%
per cent: prime mercantile paper SI4
per cent: sterling exchange firm, with
actual business in bankers bills Mt
81 STA for demand and 81 S5% for sixty
days. Posted rates 81 S6G4 IS; com
merclal bills 81 S41t. Silver certificates
G4& G65Ac Bar silver Gl5c.
The stock market to-day was charac:
teriZed by a continuance Of the marked
activity as compared with business FOR
number Of weeks, which was the feat
ure OF Friday and Saturday. The
greater part of the additional business
was done in the shares Of railways and
specialtIes, the Industrials falling on TO
some extent in the volume Of trans0c-
tons, but stlll remaining notably act
i've. There were some $4,000 shares OF
stock sold on the exchange tO-day-not
an extraordinary figure In relation to
the customary proportions OF the mar
ket few months 0Eo-but very nOtn-
bly, larger than for some time recently.
The fact 'nt Considerable buying was
done through commission houses was
an Indication OF the growth OF an out
side interest in the market. The most
notable feature OF the market was the
sensational rise OF Lake Shore by wide
Jumps to l7g-ten points on the day.
The stock subsequently reacted to l6I.
The maximum figure was registered In
the first forty-five minutes OF trading,
when the bulls were In control OF the
market and the tendency OF all prices
was upward. Calculations OF the bene-
ftg expected to secure to the stock
from the probable refundlng at low
rates OF interest OF about H4.OOO,OOO OF
bonds which mature In the next i've
years, were largely responsible for this
rise, though rlmors were current OF
short interest in London. The Vander-
bIlt stocks all enjoyed an advantage
gympathctiCaiiy from the bUoyaHcy OF
Lake Shore. There were subsequent
slight reactions in all OF the Wander
bllts caused by raids Of the bears. The
EFFORTS of this contingent were cOnceu-
trated uDOn New Jersey Central and
Manhattan. with the effect OF decline
in the former OF 2k and in the latter OF
"a, pcr cent, Manhattan fell off on re-
newed doubts Of the amount Of the
next dividend and OF the traffic pros.
poets and cost OF bettermcntS or the
roads. This drive was effective in
turning the course Of prices In the whole
list. The coolcrs fell In immediate SYM
pathy with New Jersey Central. The
granEcrs were more heavily dealt In
than any other group and showed firm
ness. The st. Paul statement for jan
vary, though showing heavy decrease
in earnings was compared with so ia
vorable n showing last year that It was
very well received. These stocks SUI
fcred from the general reaction
brought by the bears. All of the we'll
known high grade shares were In eX-
tensIve demand for investment and
showed gains ranging from TO- 8 per
cont. on purchases OF o.. lots, The IN
lustrlnls fluctuated quite widely on ma
nIpulation and showed small net losses.
Leather was well supported ut the de:
cline and rallied point on the Grouhu
Of the excellent trade outlook.
The international shares sagged IN
sympathy with the general decline, not
withdrawing London support.
Rallies were frequent, but briefly sns-
tanned after the decline, the cl0slnS