The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-24
FINANCE AND TRADE.
Tho Features of the Money and Stock
Markets. NtE

NEW YORK, Feb. 23.-Money on call
2lsG3 per cent; last loan 2ls per cent.
Prime mercantile :, paper 2AG3A per
cent. Sterling exchange steady, with
actual business in bankers bills at
81 ssh@4 s61k for demand and at 81 sac
4 SAX for 60 days; posted rates 81 SAY
and 81 IS and 81 S6ls14 81; commercial
bills 81 S3k. Silver certificates nominal
at 59ls@6Okc. Bar silver 59lac. Mexi-
can dollars 47Ac.
To-day's stock market In dealings in
excess of n million shares, was ex-
tremely erratic and the net results
showed honors about even between the
bulls and bears. The most significant
losses were made in Sugar and the
granger group, Burlington figuring for
3ls per cent. The leaders In the other
column were Tobacco. the Minneapolis
G. st. Louis shares and Third Avenue.
The market opened strong with a con-
siderable demand for foreign account.
London taking fully 10000 shares. over
half OF which were the Atchisons
Plenty OF selling orders appeared and
prices receded from the opening figures.
in some cases sharply. A rally ensued
with Tobacco. the coalers and the
grangers prominent. Tobacco's strength
was accompanied by an announcement
that q settlement with opposition con-
Germs was imminent which involved q
consolidation of interests. The action
of the Burlington directors on the re-
funding scheme not fulfilling expecta-
lions entertained In some quarters, re-
suited In n sharp break In that property
which was accompanied by stimuli
taneous break in Sugar. A report was
circulated widely that large issue of
new government bonds was impending
and this attended u sharp raid. The in
formation was said to have been re-
ceived In a private dispatch, but no con-
firmatlon was obtalnablc. Tobacco
fluctuatcd on the various reports and
was very sensational. 1t opened up Z
points at IFS and slid off to liz, rallied
to 179 and closed at 1857. One interpre-
tation Of the deal reported was that the
rival company, Union Tobacco, was to
be transferred to the Continental COM
pany, which Is owned by the American
Tobacco Company. Metropolitan, after
dropping points from the opening, rail-
lied 5ls and closed point off, while
Third Avenue lost about half of an
eighth point rise Consolidated Gas
worked UP AZ points and then suffered
a decided break. Minneapolis &c st.
Louis shot up about points and the
second preferred points on rumors
that the directors might retire the COM
panys first preferred. Special strength
was shown by American Steel. gaining 3
points when the general list was crum-
bling. This was due to glowing reports
of the company's business which ema-
mated from parties connected with the
property. Sugar was supported in the
carly dealings but ended with point
loss. The coalers averaged over point
up with Jersey Central exceptionally
jumping 3ls points on renewed reports
OF having toward regulation the coal
trade. The market closed irregular
with weak undertone.
The bond market displayed 4 marked
degree Of strength which was not in
fluenced by the block in stock prices I'M
til the close when some issues yielded in
sympathy. Total sales $5,550GO0.
United States IS declined Is per cent
in the bid price.
Total sales Of stocks to-day were
1.,0ll 400 shares.
BONDS AND STOCK, QUOTATIONS.