The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-13
FINANCE AND TRADE
The Features OF the Money and Stock
Markets. s.--5s ~. ~ 4.

The Features OF tho Money and Stock
Markets. r. &,
NEW YORK, April 12.-AIoney on call
firm at.2M9Sh per cent; last loan az
per cent. Primo mercantile paper $40
6 per cent. Sterling exchange steady,
with actual business In bankers, bills at
81 S3l484 SSis for demand and at 81 500
4 sou for 60 days; posted rates 81 soy %
4 81 and 81 SAGA si,i; commercial bills
81 1901 ,7sk. Silver certificates 55g a
56Mc. Bar silver 557sc Mexican dol
lars 45kc.
= The days stock market was listless
and the movement of prices exceedingly
sluggish. AS heAriness was the prevail
ing tone, however, and the net results
are in nearly all cases losses, /: Is cvi-
dent that the prevailing sentiment In
Wall street Is not hopeful. Doubt and
uncertainty prevailed In all quarters
and reports from foreign bourses indi-
Gated the same uncertain feeling in
every market in the world as to the out
come Of the controversy between the
United States and Spain. II transact
tions in q few speculative leaders were
taken out OF to-Gay'S market the dimen-
sions OF the tracing would appear al
most ludicrously small. Even
such speculative favorltes as
the Changers showed comparative
apathy. There was a lively movement
In Tobacco which carried the price up
nearly Z pairts, the motive being the re-
ported settlement of the controversy In
the trade over the plug tobacco business.
The advance In the price was also said
to be directed against an outstanding
short interest. There was large buying
OF the company's script also and a re-
sulting rise OF 4 per cent In Its price.
Rubber preferred was lifted points on
very limited transactions. In the rail-
road list Northwest was the only proml-
ncnt stock which showed gain though
Rock Island was at one time q shade
above yesterdays close. The declines In
Americans in London below the New
York parity which resulted from the
early trading were q disappointment to-
those who bought stocks In New York
yesterday. Opening prices here were,
however, not as low as the London parl-
~ and there was selling in consequence
for arhitrage account. The market
the first hour on buying attributed to
Washington account The bull theory
was that differences in Congress would
begct delay and that delay added to the
chances OF peaceful settlement. The
volume OF the buying was not impress
slve and 1t had ceased before noon. For
the rest of the day the market was to all
lrsents and purposes llfeless and the last
sales were for the most part at the low
est OF the day. Speculation awaits the
formulation by Congress OF Its !nten-
tons on the Cuban question. Both the
money and exchange markets were full
and steady to-day at the recent level. but
about sl,Sb0,000 additional gold was en-
gagged for import. The movement OF
currency to the interior was undated.
The bond market was intensely dull and
showed slight recovcries In some cases
from early weakness. Total sales $780,
900. "a so
United States 40 advanced Y per cent
In the bid price. y W
3 Government bonds otherwise were un.
changed. "a 4. q
Total sales of stocks to-day were no.
700 shares. i.5 II s
Evening Posts London financial ca
blcEram:
The stock markets here were stag.
:nant to-day, business scarcely resumed
after the holidays, such speculative
position MS existed had been adjusted
previous to tho Easter holidays and
there was no inclination to & reopen
commitments pending Developments
Tho apparent reason! why prices hero
were slightly under those at New York