The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-06
The Features Of tho Money and stec
NInrLet

81 Va ttV ftoHSy NV NtoCA
Markets.
NEW YORK, April 6.-Money on call
firm at ca3 per cent; hast loan ~ per
cent. Prime mercantile paper soc per
cent. Sterling exchange weak with ac-
tual business in bankers bills ut 81 $50
4 S3G for demand and at 81 SoNG 4 soy
for 60 days: posted rates 81 slGt 50 and
- St9i IS: commercial bills II 79H.
Silver certificates 55AG56hc. Bar sll-
yer 56&c. Mexican dollars 45c.
To.day's stock market was almost ut
terry stagnant and there were minutes
at q time during the session OF the ex-
change when no quotation for any
stock was recorded, Small as the total
volume OF business was. most OF IL was
made UP Of transactions in n few OF
the leading stocks, Sugar and the
grangers absorbing the largest portion.
The Gullness Itself was expressive OF the
prevailing sentiment OF waiting and Of
extreme doubt. Not only were reports
very conflicting as to what would be
the tenor Of the Presidents message to
congress Tomorrow, but opinions as to
how the message would be received and
disposed OF differed widely. There was
practically nothing left Of yesterdays
sansuine antlcipatIons that a sentiment
would crow IN Washington against
warlikc measures. There were. In fact.
significant reports that the organized
pressure which had been eIerted upon
congress during the last few days
against hostile measures had rather
defeated Its purpose by awakening re-
cont pna ant L. Wall ytrant ,n,,ntnl .x...t.
on the effect OF these united representa-
tons TO congress.
Prices show small losses throughout
as a net result Of the days trading.
The opinion Is still tenaciously held in
some quarters that hostilities may yet
be averted. Such hopes as this rs were
entertained to-day were based on the
possibility that Spain would be In
duced TO yield 10 demands OF this gov
eminent by the representations of the
pope and the European powers. An er-
preston Of the prevailing uneasiness
was the decision by the stock exchange
governing the board to keep open for
business on Good Friday.
The money market continues to re-
lect the stress Of our relations with
Spain as forcihly as In the stock mar
ket. Funds continue TO move to the in
terror for the purpose OF Strengthening
the reserves Of interior banks. The
proportion OF reserves OF all the banks
in the country have been enormously
increased In the last few weeks and
New York has made good the conse-
quert drain upon its reserves by n large
contraction In loans and by heavy i'm
ports OF gold from Europe. The own
ers OF money are very loath to put II
out In loans. The prevailing rates of
o per cent for time money and the vary
Ing rates for cad loans are admitted to
be largely sentimental and based on an
p%rehension Of war. The position, of the
banks Is admittedly strong, the supply
OF available funds large and the de-
mand for the use of money is not very
active. Eut with rates stifIly held gold
continues and will continue 10 come
from Europe. An easing OF money in
London and Berlin facilitates the i'm
port gold movement, and the engage
ments announced to-day amounted to
nearly $1,000. 900.
Transactions in bonds were on a very
small scale but the market shared the
depression with stocks. Total sales
1925. 600.
U. S. new Is and the old IS registered
are Y per cent lower bid to-day,
E:ening Posts London financial ca
blegram:
The stock markets here were stag
nan; to-day In view OF the approach OF
he Easter holidays. while the uncer.
tainty Of the politica! situation de-
pressed quotations. At the same time
1t is felt that each days delay de-
~creases the likelihood OF u Spanish
| American war.
Americans were much better at mid
day on a somewhat ragged buying here.
This is regretted because It will weaken
the position II war C
The total sales OF stocks to-day were
Isl. 100 shares.
The governing committee OF the stock
exchange to-day resc!nded It's action to
close the exchange on Good Friday and
decided to keep open for business on
that day. This action was taken In re-
Spouse TO the separate members of the
exchange on the motion OF c. G. Peters,
seconded by D. B. Van Emburs.
BONDS AND STOCK QUOTATIONS.