The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-30
YIaANcE And TRADE
Ths Features Of The Money aud stoe,

Tbs Features OF the Money aud Stock
Market.
NEW YORK. April 2o.-Money on cali
@firnner at 2A9aSpe cent; last loan ~
per cent. Prime mercantile paper sa7
per cent. Sterling exchange weak with
actual business,in bankers bills at 81 81
GiSiH for demand and at 81 s164 SIX
for GO days. Posted rates sifslikQI 50
and 1854 ssh. Commercial bills
"a So94l soh. 8Silyer certificates l56h@
5sc. Bar silver s6Hc. Mexican dollars
45Kc.
The bull campaign inaugurated yes.
terday was continued with aggressive
vIgor to-day In the stock market and
prices were lifted from one to nearly
four points throughout the active list.
The sharp advance did not bring out any
largo amount OF offers ,to, realize, but
there was some profit taking apparently
by small traders ir the late dealings
which clipped OF the extreme gains for
tho day. It was notable, however.
throughout the day that any marked
reaction in prices Immediately led TO a
cessation OF offerings and the market
fell into intense dizziness. The rather
hesitat!ng and ~unsettied tone OF Amerl-
cans In London was ignored and prices
were confidently advanced here from
tho opening. There was no Important
opposition to the bull campaign and
prices moved quite cdsity, the supply OF
stocks continuing rather limited. The
volume OF business Showed a further
Increase over yesterday and further i'd
dltlons to the list OF active stocks. The
speculative leaders which were bought
by the bull coterie were followed by
other stocks whose friends desired to
see them keep pace with the rest Of the
market. There were ned develop
ments during the day beyond the con-
tinued confidence In the general situa-
tion. The declaration OF neutrality by
Portugal may possibly have had some
slight influence. But the main consid-
Grafton was the satisfaction felt over
the excellent sunnery OF the United
States ships mt Matanzas and in pursuit
OF prizes and the Ineffective efforts Of
the Spanish gunners. The skill thus
demonstrated imparts a strong convic-
tion as to the superiority OF the United
States forces. Early Intelligence Is also
confidently expected of q naval victory
over the Spanish of the Philippines.
The strength Of the market was quite
general, but some OF the s~peclalties,
notably Sugar. Manhattan and Metro
politnn Street Railway, moved more or
derby than the general last. The Gram
gers as usualled the railroad list. Foreign
exchange was lower, demand sterling
breaking sharply, kc to 81 a.. The dis
count rate In London also declined.
This led to renewed talk OF gold i'm
ports and the stiffening in the call loan
rate was a further factor toward this
end. The abundant supply OF money
which has been available for cali loans
has been based, however, on the disin-
clination Of lenders to put their funds
into time loans and commercial paper,
Accommodations in these departments
are now more easily had, as the outlook
Is believed TO favor easier money condi-
lions. This may have led to the stiff
fleming in the call loan rate as tending
to equalize the charges in the different
departments Of the money market.
There Is increased inquiry for rail-
road bonds with the promise Of easier
conditions on. the money market. Prices
moved upwards to-day on an Increased
volume OF business. Total sales sl,450,-
900.
Government bonds were strong. The
new Is coupon and the Is advanced 1
per cent, the new Is registered and the
old As registered y and the old As cou-
pom and the IS coupon Y per cent in the
bid prices. There were sales Of the new
As. both common and registered, at an
advance OF x I'VE the last sale price,
but the old As registered, showed a de-
cline OF Is on actual sales from the last
price.
The total sales Of stocks to-day. were
297, 600 shares.
Evening Posts London financial ca
blegram:
The stock, markets here to-day were
good. Americans opened above the
New York parity and we're a good mar
ket closing a fraction below the best.
BONDS AND STOCK QUOTATIONS.