The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-16
FlNANcEAND TRADE


l
! Markets. ~
NEW YORK. April l5.--aloney on call
easier at 2aaia per cent; last loan'2 per
cent. Prime mercantile paper 5isas per
cent. Sterling exchange steady, with
actual business in bankers bills at
"a say a say for demand and 81 7ssa
50 ,for, sixty days. Posted rates 81 7OIs@
4slq4 saga st,,sst s Commercial bills
81 1891 79Is. Silver certificates 55NG
5s,sc. Bar silver 557sc. Mexican dollars
45Ac.
Professional traders bought stocks
this morning, causing an advance In
prices OF a point or overln the specula-
tive favorites, utmost of these takings
were sold again before the expiration OF
the days session; carrying prices back
! over their own course and leaving net
changes in almost all cases insignificant
but with small gains predominating.
The party In the exchange which es-
poused the bull side yesterday, found
cause for encouragement in the ad-
vance in the price OF Americans on the
London exchange this morning. Other
European bourses also showed firm
tendency for Americans and Spanish As
rallied from an early depression before
the opening OF trading here. The cause
OF this strength wasta rumor that the
had I,,t 4
ted States and Spain and that the Gu
ban insurgents had agreed to ali armis-
t!ce. This rumor seemed to have great
force In foreign circles and effected a
sympathetic rise here at the opening.
which was assisted by the professional
manipulation Reports from London In
dictate that there has been an extensive
dealing In options in Americans on that
market and to-day's demand was in
large part from the sellers OF these OPP
lions for the purpose OF covering their
contracts. Whatever, credence attached
TO the Intervention theory abroad. 1t
was not deemed important in this coun-
try and the buying movement was
quickly exhausted. The midday period
ofAintense dullness and saSeing prices
gave way to Z. q more active selling
movement in the final hour on belief
that the senate. would take action be-
fore adjourning. The definite informa-
ton from London that Great Britain
would refuse to join In a naval demon
stration in behalf: OF Spain and the AUS
TRAN ambassadors open avowal that
he had given up hope OF Europe pre-
venting warewere not received in Wall
street until after the close. Neither was
the news that the regular army had
been ordered to the seaboard. Dealings
were on a small scale and the wide
movement OF, prices indicated a small
flowing supply OF stocks. holders main,
tanning their waiting attitude. fea-:
tu-e of the day was the reaction OF AZ
points ex-dividend in Tobacco. the corr
ner against the bears having been clos
ed ont. Another was the active demand
for Union Pacific, Denver < Gulfrwhich
rose at one, time q point on the, belief
thattthe pending REORGANIZATION Will
not bear heavily on the stock. The
money market continued firm To-day.
and the demand from, the interior con-
tinued undated As was foreshadowed
In these dispatches last night, the sup
ply OF currency has become so scarce
that some OF the city banks are ship
ming gold In response to the interior de-,
mand. Further engagements Of nearly,
sl,J0o,00o IN gold for import, were made
to-day, notwithstanding the hardness
OF the London money market and the
dlsincllnntion Of Paris or Berlin TO sup
ply gold. Paris exchange on London as
result jumped 1ls centimes to 2af. 3
per cent. an advance OF 6 confines over
a week ago. &
The bond market was dull and about
steady. Rock Island extension IS were
largely dealt In, three separate blocks
lively, changing hands during the day.
Total sales, sl,475,0o0 United States IS
were Z per cent lower (the registered
ex-interest), the IS were per cent
heher and the old IS reg. z pc" cent
higher bid. Others wer unchanged
The total sales OF stocks to-day were
e05,G00 shares.
Evening Posts London financial! ca
blegram:
\ general Improvement was apparent
to-day and a more confident tone 10
both money and stock markets Delay Is
believed SO be favorable for peace.
Spanish IS. the keynote to the market,
were 4ih, and closed at 43&. Americans
were better, although there is little In
ltiative 10 buy here. The close was quiet
and dull. There was a sharp rise in
Argentines on Paris support and on the
belief that In the event OF. war that
country would benefit by large wheat
exports. (: 49,
BONDS AND STOCK QUOTATIONS.