The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-03
, FINAECEiAND TRADE
The Features of tho Money and Stock
s - Markets.

The Features OF tho Money and Stock
Markets.
NEW YORK. March Money on
call firm at 2g2h per cent; last loan
per cent Prime mercantile paper 3A9
4k per cent. Sterling exchange firmer
with actual business in bankers bills at
81 sih94 s4%s for demand and at 81 SIX
"a 81 for 60 days. Posted rates 81 S2@
4 sS1s and 81 s5h@4 SIS. Commercial
bills 81 S1KS4 S11s. Silver certificates
55% G56Sc. Bar silver 5iEc. Mexican
dollars 45c
The net result OF .to-day's5 trading in
stocks is the practical wiping out Of
yesterdays gain In prices. This2w
done on diminished volume OF bust
ness. The decline was not accompanied
by any development OF general condi-
tons which could account for it, and
there was no reflection on any news OF
the day In the movement, unless in the
slightly increased selling movement In
the final hour. This was started on ru-
mors attaching Importance to the send
ing Of two warships to Cuban waters
with provisions for the reconcentrados.
But to-day's decline for the most part
was technical and marked3the culmina-
ton of the recovery from last weeks
sharp fall. A short rally Invariably fol-
lows heavy decline and the professions
al traders were vigilantly alert for its
ending this morning. Dealing in the
first hour was large and the movement
OF prices very narrow. The commission
house buying invited by yesterdays
strong market was sufficient to absorb
realizing offers for time, but the mar
ket became overwcighted and COM
menced 10 sag. A period OF intense
dullness interviewed and then the bears
opened an attack on number OF the
speclaltics. notably Sugar, Manhattan,
Peoples Gas and Metropolitan Street
Railway. The srangers were also un-
der pressure and New York Central was
heavily sold. Most of the days bust
ness was done In these stocks and all
suffered marked net losses running from
l to over 3 points. The movement In
Metropolitan was very erratic. the OPEN
ing transactions carrying 1t 10 156. the
high point OF the day. London was both
buyer and seller here but the sales pre-
dominated. although the tone OF Amer
lean securities on foreign exchange was
rather better and Spanish bonds were
also higher. The money market contin-
ued firm to-day without any very active
pressure to borrow. There was good
supply, however, of commercial paper,
and the rates were fractIonally higher.
There was a payment OF 81, 10000 to the
government to-day on account of the
Kansas Pacific sale, so that the SUBJ
treasury had a balance at the clearing
house OF SSlS,725. This had Its effect on
the money market and took the place
Of regular weekly withdrawal OF an In
stallmcnt OF government deposits on
account of The Union Pacific sale, which
has been discontinued for the present.
Sterling exchange hardened an addi-
tional fraction In response to the nrmer
tone OF the London market.
The tendency OF the bond market was
towards weakness In sympathy with
stocks. Sales s2,C75,000.
U. s. new As were X per cent higher.
The total sales OF stocks to-day were
39S.600 shares.
Evening Posts London financial ca
blegram:
The stock markets here were OF bet
ter tone to-day but painfully Inactive.
Americans and Grand Trunks opened
better but lapscd later. New York alb.
sorbed the stocks offered unwilllngly
and business here was almost at
standstlll. Prices. however, closed bet
Ter.
bonds AND STOCK QUOTATIONS.
u. S. new As rcgl25ls lore. II. & Nav. IS
do coupon......l25 Pittsburgh -. 100
U. S. ls...........1ll Reading ......., 49,.
do coupon. .ll2is Rock Island. 81 :.
do 2ds..."..... 30 lSt. Paul. ..........., 93h
u. B.. Js rcg......1l2h do preferred. III :
do Is coupon. .1l2i5 st P. & Omaha. 7o
faciflc Gs OF .1o3A do preferred. 80
Atchson 1900. llA Southern Pac... Is
do preferred. {, % ITcxns & pac,,., lO%
Bal. Il Ohio..1 10 Union PacItic 36H
Can. Pncinc..... S3A Wabash ca
Can. Southern. 4gL do preferred. 1GT
Central Pacific. l2ik tWhecl'g 4 L. r. q.
Ches. &c Ohio. -. az do preferred, 10iI
CHI. g. Alton....,lG0 adams Express, l0l :
Chi. Bur. K O.. a5la American Elk, ,,125
G. C.. C. & St l.. 81 ItT. s. Express, ,fIo
40 preterrcd1..l5 Wells Fnrgo....Il5 Z
Del. Ss Dudson.. 10 lam, SpIrlta,,,7 ~
Del, Lack. & W.lJo ado preferred. ISL
Den. d. Rio Co.. IL Am. TobnccO. .. 9Db
do preferred. 4;S do prefcrrcd..1I5
I Erie tneW)..;.... 1{A lPcoplc'st Gns... Gai.
n irut 81 n