The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-24
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FINANCE AND TRADE

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MARKETS..
NEW YORK, Feb. 23.-Aloney on cali
easy at HOO per cent; last loan X per
cent. Prime mercantile paper 1904 per
cent. Sterling exchange easier, with ac-
tual business IN bankers bills at 81 S59s
for demand and at 81 1894 S3A for sixty
days. Posted rates 81 81 and 81 s6is.
Commercial bills 81 So. Silver certifl-
Gates 65ls056lsc. Bar silver 55lsc. Mex
lean dollars 45Hc.
To-day'S further decline In stocks un-
doubtedly reflected a condition of real
apprehension in the minds Of holders Of
securities as to the developments in the
Cuban question. Commission house or
ders to sell were in large volume. even
at the opening. and these soon swept
away the advances over Mondays level,
which had been admirably arranged by
the use OF the cable to establish a higher
range OF prices in London over the holl-
day. There was professional buying
here at the opening designed to the same
end, but not even the first quotations
were up to the London parity. Gains
were speedily wiped out by the slump
with the abandonment OF the profess
sional attempt to sustain prices. The
uncnverlng OF margins and selling or
ders to stop losses brought a flood OF
stocks on the market. Sugar led the
break with decline OF over points,
after q rise OF point. and fluctuated fe-
verishly all day. closing near the low
est. at ar. extreme decline of over 3
points. The local specialties were also
centres OF weakness, Metropolitan Street
Railway losings7 points and Manhattan
about points. Great Northern pre-
fcrred dropped off Z points. The weak
ness Of the morning was In spite OF large
buying in this market for London ac-
count. Estimates Of the volume OF this
buying ran as high as 10000, shares OF
stocks. TIE London market and the
Continental exchanges Showed an I'M
proved tone on the subsistence OF appre-
hension regarding the African situation,
but there was significant decline in
London and Paris. che closing-in price
In London showing a loss Of y per cent
as compared with Mondays prices. The
weakness in the stocks, which were the
favorltes In the London buying, was de-
ferred until later in the day. but they ul-
umately succumbed with the rest OF the
list. In fact. the weakness OF these
stocks In the afternoon, after the SUE
tanning force OF the London buying had
been withdrawn. contributed to the final
break in the market. The days net
losses exceeded points IN only a few OF
the standard stocks, but were over
points In some OF the speclaltes.
The outlook in the money market is
not such as to encourage speculation.
Call loans were made at2 per cent to-
day. Currency continues to move to the
interior, and the sub-treasury had a
credit balance at the clearing house to-
day OF S1,772,5l6. rejecting the With
drawal OF another 10 per cent install
ment OF the government deposits Of the
Union Pacific payment. Foreign ex-
change weakened only slightly In the
face OF the large London buying OF
stocks. The decline In exchange on Par
is was more marked. This development
offers some corroborItion OF the report
that portion Of the money which is go
Ing from Paris to London on account OF
the disturbed condition Of affairs In the
French capital, Is going into American
securities. Standard Oil liquIdating cer-
tIilcates are not dealt In on the e1-
change, but IN the outside market to-
day they sold at $40, as against 900 at the
opening to-day. Before the recent 10
per cent dividend distribution the stock
sold at AS.
Bonds were weak. in sympathy with
stocks, especially in the speculative is-
sues. There were very heavy dealings
IN the Union Pacific As Total sales,
s4,275. coo. Government bonds were de-
cldedly weak. U. S. new AZ registered
declined u per cent; do coupon " per
cent and the old 4's reg. the Us and 2's
u per cent. 81
The total sales Of stocks to-day were
527, 200 shares.
Evening Posts London financial ca
bleEram: iasI
The stock markets here opered firm
to-day but later became fiat, not politl-
cnl considerations but owing to the po-
sltlon OF the account at the settlement.
The brokers find that their clients are
not meeting their difference so promptly
as they might and ore closing many uc-
counts. y 'alsE; sEf1lIs.i55E|
This applies especially to American
railways. These followed the general
course. rising In the morning and having
q quick decline after midday. "a
BONDS AND STOCK QUOTATIONS..
U, S. new As reg. n lore. r. & Nav. 40 4
u. s. Is ..........llggt Reading ,........ 1917
do coupon......lliAI Rock Island u, 81 :
DO secondB..... 0ofl lSt. Paul ......., 923.
U. D.. Gs reE.....ll5E do preferred. .l+S
,a 40 3s coupon. :.ilSi Isl; ?. & Omaha. III
racine Is OF '3o..lH do preferred. .IiS :
htchsson .....:... ll& Southern Pnc...l9
40 preferred. ~ Texas e Pace. ION
anl q Ohlo......16 Union Paclnc... asiI
Can. Paclnc,..... 80 Wabash .....57GI