The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-03-28
FINANCE ANDTRADE
Tho Features of the Money and Stock
Ht.aelHs % Markets, i3

&hC + SAshA VI hhC 4'AooSy AA~
Markets.
NEW YORK. March 27.-Money on
call firm Mt 4Gs per cent; last loan 5 per
cent. Prime mercantile paper 3A94A
per cent. Sterling exchange strong,
with actual business In bankers bills
at 81 s5Z94 Sc for demand and at 81 s3A
a "a for 60 days; posted rates 81 SAG
4 S45s and 81 s6M; commercial bills
81 s21s. Silver certificates 6o96okc. Bar
silver 59Ac. Mexican dollars 47isc.
Government bonds stsadys y
State bonds steady. 4
Railroad bonds strong.
Nearly all stocks made advances to-
day and some OF them were OF material
proportions. Various reasons might be
assigned for the movement in individual
stocks, but the principal motive for the
general rise apparently was that the
steady advance OF prices Of late had
again aroused the outside public to buy.
The dealings reached nearly one and
one-Quarter million shares. Aggress
I've bull manlpulations by the leaders OF
speculation had seemingly caused the
public to cease waiting for an immedi-
ate opportunity to secure stocks at
lower level. The market opened under
an impetus of higher quotations from
London and though large realizing on
paper profits was apparent from time
to time. the advance continued pretty
steadily until near the close, when the
rate for call money reached per cent.
leaving the range for the day from 4
to 6 per cent with the last loan at 5 per
cent. Quite n number Of new high
priced records for stocks were made to-
day. The strength displayed on Sat-
urday brought large number Of COM
mission house orders to purchase stock.
This caused n pronounced rise at the
opening and Induced the elimination of
many short contracts. The principal
activity was In the Flower stocks, those
being. for instance, $4,000 shares Of Fed
eral Steel sold at the opening over
range OF points. and the stock made
net advance Of 6S per cent on reports
that the earnings were large. Brooklyn
Transit rose 5 points on rumors that the
Brooklyn Union elevated was said to
have had one-half million dollarsln cash
when taken Into control by the Transit
company. The continued talk OF ne
gotintions for combination of the gas
and electric light interests of Chicago
was used to the benefit OF Peoples Gas
to the extent OF over point. Among
the other specialties to make large i'm
provements were American Tobacco 10,
Continental Tobacco 4, Metropolitan
6A. Third Avenue 4 and Consolidated
Gas 3;s per cent. The largest improve
ments among the leading railways was
2G per cent In Northwestern. February
traffic returns attracted much atten-
ton. as they covered the period during
| which traffic was somewhat interrupted
because OF the storms. St. Pauls de-
crease Of something over $4,000. 900 in
the net was due to the increased OPP
Grating expenses, the gross earnings
having shown an increase. In the case
Of Atchison. the road again reported a
net increase, this time over s1SS.000. al
though the gross earnings had decreas-
ed about $4,000. Among the south
western railways. Wabash showed q
! net increase in February earnings of
| nearly sSS,002. The market closed with
| no decided tone and heavy trading.
The bond market to-day made an ag-
gresslve show Of strength. heavy pur-
chases of the active issues being made
at substantial improvements Total
sales $5.l05,0o0. United States bonds
were unchanged on bid quotations.
The total sales of stocks to-day were
1nl31O0 shares