The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-24
FINANCE AND TRADE
TIL. Feature. ',,', q ths Money aud Stock

Ihe FeatureA OF the Money and stock
Markets. n
NEW YORK. March ss.-S1oney on
call easy at51h62 per cent; last loan 2
per cent. Prime mercantile paper ~ @
5is per cent. Sterling exchange weak,
with actual business In bankers bills
at 81 tS3lk14 S3% for demand, and at
81 S1@4 SlA for sixty days. Posted
rates "a SEGA S21s and 81 S5G4 S51s.,
Commercial bills fs4g 80. Silver certifi-
Gates 5sG56sc.. Bar silver SEC Mexl-
can dollars 45c. -
s. The doubt over the outcome OF the
Cuban controversy between the United
States was depressing influence in the
local stock market to-day, as 1T was
In every market for securities In the
world. In Paris the weakness OF Span
ish As affected all other securities by
sympathy. and the same influence
weakened the markets In London and
Berlin, the heaviness Of American rail-
road securities being an additional fac
tor at the latter two centres. On the
local exchange there was well defined
bull party, whose operations We're at
tended with more or les. success, thus
subtracting very materially from the
sum OF the depression The motive,
spublicly-avowed bySthIs bull party for
Its feeling, IS that prices are lower than
are warranted by intrinsic values and
by the political outlook. But is 1t doubt.
less, Influenced also by. the technical
condition iof the market, which is full
Of short contracts waiting to be; COW
cred on the expected slump on antici-
spated decisive developments in the Gu
ban situation. There is temptation
for bull clique TO mark up prices In
such market, and force the bears to
cover. The success OF the bulls to-day
was only moderate in inducing cover
ing. but they did discourage further
short selling. and twice rallied prices
from declines running up to q point or
over in many prominent stocks. The
market closed with one OF these rallies
in force, so that the net changes are
for the most part insignificant, and
there Is fair sprlnklIns Of gains. The
industrial specialties continued TO be
sufferers from depression, Manhattan,
Metropolitan Street Railway and Sugar!
being speciality marked out for selling
pressure. The railroad list was pretty
well sustained, and the Northern Pa
.ciic stocks and Union Pacific preferred
showed not little; ilrmness. FThe re-
sistance to the threatening news devel-
opments OF the day can onlyAbe attrib-
;uted to what is regarded by: the bull
faction as its oversold condition. The
money market seems to be waiting on
the Cuban question equally with stocks
Bankers are ioath TO put out money in
time loans. although the available sup.
ply, with 4the replenishment of, the
gold imports, Is said to be quite large
sTo-day's falling in exchange and re-
'newed engagements OF gold may be put
down to the apprehension over the fu-
ture rather than to the present actual
demands for money.
The bond market continued to lack
animation, trading being confined to
O. few speculative Issues. .5y
{ / The tone was weak; sales. s1,4S5000.
b United States new As registered de-
clinei 1is per cent. do couponN1A per
cent and the old IS and IS z per cent
bid. There were sales OF the new AS
coupons at 81 20.N the bid price, "
Evening Posts London financial ca
blegram:
The stock markets here remain stag
nant and dull, being entirely dominated
by the Cuban question.
D Americans gave way In sympathy
with the New York lead. Stock is not
really pressed for sale here, but there
are fair rcal!zations from the contI-
nent. The close was better on New
York support. "a, Isl a E. y
The total sales OF stocks to-day were
2ys.000 shares :, 81, e.
< BONDS AND STOCK QUOTATIONS. y
U: 8. new q reg.ise Ore. r. & Nav. AZ
u. s.. As 5.........109 Reading 1874
& do coupon......1lltt Rock lsland..... SlI