The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-05
FINANCE AND TRADE
tbs Feature. of the Money and Stor
Markets. p.s.

ihs Features OF the Money and Stool.
Markets.
NEW YORK, March 3.-Money on call
firm at 2d2k per cent; last loan per
cent. Prime mercantile paper 4@4l: per
cent. Sterling exchange weak, with ac-
tual business In bankers bills at
ST S4h for demand and at 81 Sl1kI
! SEX for sixty days. Posted rates
s. S39i s511i. Commercial bills 81 sos.
Silver certificates 54hG54Sc. Bar silver
5iNc. Mexican dollars Acc.
Prices OF stocks show. losses of from
10 3 per cent to-day on very small
business. The market was quite imam
innate at times and what business there
was concentrated in few leading
stocks. All OF these showed weakness,
but the downward course was pursued
In very desultory manner until the
final hour, when the bears made quite
a determined drive. They broke the
price of Reading first preferred points
and carried the general list to the low.
est Of the day, but covering In special
stocks induced some sharp rallies, no.
tably in Reading first preferred, New
York Central and Metropolitan Street
Railway, Higher quotations from Lon
don lifted the level OF prices at the OPP
ening, but the fall was practically un-
interrupted, afterwards. Efforts TO rail-
ly the market were feeble and unsuc-
tessful. Sugar was under consider
able pressure, but showed good resist
ance. Union Pacific preferred was de-.
pressed all day and closed OVER . points
lower. New York Central fell at one
time over two points. but rallied III In
the final dealings. The local traction
stocks were sufferers after the opening,
the extreme decline In Metropolitan
Street Railway reaching nearly six
points. The grangers also figured
largely IN the selling. A large part OF
this selling was known to be for Wash
lngton account and inquiry was very
keen for news 10 account for It. S!gniA-
cant news was scarce and In Its ab-
sencc numerous rumors were set unoat,
one to the effect that purchases OF war
ships abroad had been made by the
United States government. The renew
ed depression OF Spanish securities
abroad and the news OF the purchase In
England OF two warshlps by the Span
ish government helped on the feeling OF
uneasiness over the, Cuban question,
London operations In this market were
insignificant, the tlGhtncss OF money In
London having apparently put stop to
speculative activity here. Notwith-
stadlng the hardness OF London mo-
ney rate and the tendency to relaxa-
ton In the local requirements foreign
exchange went lower again to-day de-
mand sterling falling to a SAN. Nearly
all the 100000 In gold which will start
for New York tomorrow. comes from
Paris and no small part OF 1t is said to
represent French payment for AmerI-
can securities bought In. London during
the recent disturbances In Paris. The
weakness In exchango;ls due to the
continued pressure OF grain bills sold
against the shipments OF the Chicago
wheat pool. f;jit ~ 1865
The bond market was lstlcss and
heavy to-day In sympathy with stocks.
Total sales 1875. 900.
United States new 4s and the old AZ
coupon were NC lower bid to-dny.
y. The total sales OF stocks to-day were
S0l 500 shares.
Evening Posts London financial ca
blegram. .si55. X 3, .i,5 J ffi7
The stock markets here were idle to-
day except for Grand Trunks and
Americans. The tendency Of oil first
class stocks Is either to remain idle or
depressed partly In connection with tho