The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-17
FINANCE AND TRADE
The Features OF tho Money and Stock
i.lT.ts Markets.

The Features OF the Money and Stock
'sf Markets. f5,.5 & 5
NEW YORK, March 1s.-Aroney on
call steady; actual transactions no
az per cent; last loan per cent. Prime
mercantile paper 4HS5h per cent.
Sterling exchange steady with actual
business in bankers bills at 81 $40
4 1915 for demand and at 81 sou for GO
days. Posted rates 81 S11lsI4 So and
and 81 Sih@4 $50. Commercial bills
81 79hG4. 79R. Silver. certificates $3.50
55Re. Bar silver 55Hc. Mexican dol
lars Acc. FIX
The early strength IN to-day's stock
market was q repetition OF yesterdays
movement, but prices resisted the late
pressure for a decline. and as conse-
.quence show substantial, net gains all
through the list. The bulls had the ad-
vantage also of higher prices on the
London exchange. and although prices
Immediately rose buoyantly above the
London parity. there was conspicuous
buying for London as late as business
was done in the British capital.
The London buying was certainly due
to q feeling at that centre that there Is
q more promising prospect as to affairs
between the United States and Spain.
This feeling was shown also In quite
buoyant tone for the Spanish As, which
rose az in London ana e in Paris.
There was undoubtedly prevalent feel
ins in New York also that the outlook
was more peaceful, and such of the
days developments MS had Il more
threatening aspect were ignored. Either
the Spanish governments seml-oficial
announcement OF Its opinion on the
maintenance by the United States OF
the fleet In Florida waters or the news
that official attention had been called
to this opinion by the Spanish govern
ment, would have been sufficient 10 de-
moralize the market a week ago. But
the underlying conviction In Wall street
Is that the authorities at Washington
have come to Indulge hope Of n peace
arations for defense and such incidents
as those OF to-day do not wholly dissi-
pate this conviction. Nevertheless OPP
erations are not on a large scale, pend
ing q definite decision on the Cuban
problem. The supply of stock was no.
large to-day ard prices moved easily
upward without any heavy transac-
tons. A part of the buying was at
trbuted to large buG interests, but
much OF IL was also supposed 10 be the
covering Of the short selling which
caused the late DECLINE yesterday. The
bears were apparently avcrse to renew
ing their attempt to-day and the high
level operations was not seriously
Impaired, The hope of n successful
adjustment of the traffic rate contro-
versy in the northwest was quite an I'M
p0rtart factor in tho advance here and
in London for Americans. The local
and industrial specialties led to-d1y's
advance, but tho grangerS northwest
and international stocks in the railway
list were also con5picuously strong.
Heavy additional engagements OF gold
for import were made to.day Without
affecting the steadlness OF the exchange
market below the colo import poltyt.
The total gold movement from Europe
on this movement has now reached
$4,000. 900 md It shows no sign OF sub
siding In spite OF the growing tlEhtress
OF money In London and On European
centres. Isl ftsEl
Tho accumulated stocks OF exchange
are supposed TO have been somewhat
reduced, but there Is Undoubtedly a
large supply stlh remaining and tho
continued heavy outward movement OF
merchandise is constantly bringing new
bllls Into the market, which arc sola
against gold Imports as fast as they
come forward. ~. I. :
2 Bonds were strong throughout In
NJ 1a 81 1 . Il & D.