The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-11
FINANCE AND TRADE
Tho Features OF tho Money and Stock


NEW YORK, March 10.-Morey on
call easy at 1Q2h per cent; last loan l
per cent. Plime mercantile paper 4a4M
per cent. Sterling exchange weak with
actual business in bankers bills a.
81 S3& for demand and at 81 SOYG4 81
for 60 days. Posted rates "a s2T4 SO and
81 s504 sax. Commercial bills 81 SoS
Sois.:. Silver certificates 54I4955c. Bar
silver 5iEc. Mexican dollars 44ac.
Government bonds strong. State bonds
dull. Railroad bonds weak.
To-day's stock market showed n fur
ther contraction in the volume OF deal
ings and an apathetic tone in the trad
ing which indicated the prevailing dis
position to refrain from speculative ac-
tlvity until conditions became more set
tied. There Is continued uneasineSs re-
gardirG the Cuban situation, which
finds its reflection in the large offerings
OF securities on any substantial ad-
vance. It Is the evident sentiment. also.
that the present conditions. 80 far as
they are known. do not warrant fur
Their violent decline In prices. There
was n Sstrenuous attempt IN the early
dealings to-day to mark up prices with
the purpose Of plnchlng small bear
traders and probably also for the pur-
pose OF realizing at the higher level.
This manueuvre, which proved so sue
cesstui yesterday and Tuesday brought
such abundant offerings that II was
soon abandoned and the bears retained
control OF the field for the rest Of the
Il A rf rI,t
Ing for London account aided In the
early resistance to the decline, and the
strength OF special stocks tended 10 the
same end. ST. Paul was well supported
IN anticipation of the dividend dcclara-
ton, which was at the rate OF five per
cent per annum, though the increase
over the recent rate was called an extra
dividend. The strength in st. Paul,
compared with the other gransers, drew
II and Burlington together and their
prices crossed during the day. st. Paul
yielded in the final dealings and fell to
the lowest OF the day Tobacco was
also strong feature and helped to sus-
tain the specialties. It's tone was, how
ever. decidedly feverish. Pittsburgh,
Cincinnati. Chicago G. ST. Louis under
went remarkable series OF fluctua-
lotEs, as low as Az and an high as A,
apparently uut 10 IL contest between RI
val spectators to uncover each others
margin. The stock closed unchanged.
The unsettled md uneasy tone on for
cign exchanges. especially the weakness
Of Spanish As In London and Paris,
helped materially to defeat the efforts
10 advance prices. The continued influx
Of gold failed to have any effect In slia-
thinning tho market. Neither did It save
the foreign exchange market from fall
Ing M additional fraction. There was a
pcrCeptibly cnsier tone In the rates for
call money and loans at the close were
made ut u per cent. Lenders are stlll
loaih 10 make time loans. A large part
OF to-day's business was attributed to
Washington account. There ia no doubt
That the benrs employed the usual chan
nels for Washington selling for the sake
OF effect and they accompanied Il to-day
by the circulation OF sensational rumors
regarding developments In the Cuban
situation Because OF Inst weeks WASH
ington ceiling previous 10 the publIca.
ton OF the news OF. Consul General Lees
requested recall. the market Is extreme.
~ sensitive to any demonstration from
that quarter. To-day's nc, declines are
nbott point Or over NIL through the list
ana effoctually wipe but the advance of
yesterday and the day before.
Bondp were weak throughout tho day
IN sympathy with stocks. the spcculn-