The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-30
FRANCE AND TRADE
TIL, re.,ar,. o. tbs Money and steel

The Features of the Money aud stack
siarkeis.
NEW YORK, March 2s.-Mcney on
call armer at laGah per cent; last loan
2 per cent. Prime mercantile paper ga
sh per cent. Sterling exchange firm,
with actual business In bankers bills at
81 sax for demand and at 81 soR for 60
days: posted rates 81 siha+ So and
81 sihaits5; commercial bills 81 soR
a 'S0is. Silver certificates 65M9564c.
Bar silver b5i4c. Mexican dollars 4Jc.
Wall street awoke this morning 10 n
realization that Il had been duped. Spec
ulators consequently wore a somewhat
rueful aspect In all but that select Inner
circle which reaped the profits from the
well organized plan to p~recipltate a bear
panic. 1t was very, noticeable that those
who were loudest yesterday In the proc
lamatlon Of the settlement alleged TO
have beenarrived at between the United
States and Spain were no longer active
bidders for stocks and securities to-day,
although they are credited with having
parted with large holdings at the high
level yesterday. The sanguine expecta.
tons OF this element that values would
20 higher in the immediate, future hav-
Ing been changer and the short interest
having been largely eliminated by yes
terday's forceful process, She market
was without material support and prices
promptly dropped of from about l per
cent to upwards of 2 per cent In the
opening sales. They did not rise much
above the opening prices except In q few
cases at any time during the day. Some
OF the smaller dealers who had conf
IDENTIFY swallowed all the bogus news
that was fed them yesterday were anx-
ious to sell stock which they bought
then. The bears also took some heart
when they discovered what had fright
ened them and yentuied upon some oper-
atoms, but in n ttmid n This
was shown by the way in which they
scurrled to cover when the bulls began
TO mark up prices In tho afternoon. This
Improvement dId not hold, but the SUBJ
sequent relapse did not carry prices 10
the lowest point OF the day. The list
shows net declines nevertheless OF be-
tween l and 2 points In the large majori-
ty' Of important stocks. London was
both q buyer and seller here, support
from abroad being especially manifest
in the Northern Pacific stocks. There
seems to be an impression IN London
that the Northwestern passenger rate
war is in course OF adjustment. Foreign
exchange stiirened sharply in response
to additional engagements OF about
50, 500, 900 gold for import, bringing the
total on the movement TO over S3i, 900, 900
exclusive OF receipts at San Francisco.
Rates for money are stiniy held. 1t Is
not thought probable that the movement
OF gold from Europe will until
rates for time loans become easier.
Prices OF bonds moved in sympathy
with stocks, the speculative Issues show
ing the sharpest declines. Total sales
sl.575.O0o.
U. s. IS were x per cent higher and
the new As 4 per cent higher.
Evening Posts London financial ca
blegram:
New York advices caused n general
recovery in the stock markets here led
bytAmericans and Spanish As. stu on
balance, reaiizations p~redomdnated and
prices here were slightly under the New
York parity and the close was rather
dull In the street.
The total sales OF stocks to-day were
ll2 ono shares. =