The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-03-21
FINANCE ANDTRADE.
Tho Features OF the Money aud Stock
a.H-E Markets. so e

NEW YORK, March e0.-Money on
call strong at 400 per cent; last loan
per cent. Prime mercantile paper $40
~ per cent. Sterling exchange steady,
with actual business in bankers bills
at 81 S514G4 S5ts for demand and at
81 1894 SshQ4 S3Ila for sixty days; post
ed rates 81 Sid4 Si,ls and 81 S694 S6is.
Commercial bills 81 S2is. Silver certi-
flcates nomInaily 6oG6Okc. Bar silver
5s&c. Mexican dollars 47&c.
The market after sensational move
ment In Sugar and the local transport
tatlon shares. closed weak with mixed
net changes. Interest certered' largely
In Sugar. in which the transactions
were over 1911 600. with q total OF about
100000 shares. Sugar opened with an
advance OF about eight points. ran on
SR, then touched 1S2. with q subsequent
plunge of IS points. closing with net
loss OF about eight points. The extraor-
binary movement CT this stock had q
wide influence in other directions.
Brooklyn Transit was lifted over six
points and then lost much of the gain.
Pronounced strength appeared in the
Vanderbilts, Union Pacific. Northwest
ern. the ccalers and Chicago Terminal
preferred while some OF the internation-
ais made show OF strength In the
early dealings in sympathy with the
higher range in London. The Tobacco
stocks were extremely feverish. Am
erican Tobacco broke 6Is. rallied Q and
left off with q loss OF 2: Continental
Tobacco siumped 1i2. and was of
points at the close. The liquidation In
! fnnGn fu otl tnJN
ported formation OF new opposition
tobacco company. Manhattan retained
the greater part OF four Points. There
was a disposition on the part OF sensa-
tional elements to let commission houses
have stocks and subsequently while
Sugar was tumbling and call money
reached 0 per cent, prices were freely
offered down. Standard stocks. while
easing with the recent market, receded
IN an orderly manner and the reaction
In these securities from the best did not
exceed two points except In special
cases. Money on call toward the close
eased with the last loan at and Offer
ed at 3, but the market failed to re-
spond to the changed conditions due to
the supply of money offered and the re-
action was unchecked to the end. The
strength in Brooklyn Transit was COIN
cident with published interview with
the president Of the Brooklyn elevated
railroad to the effect that an exchange
OF majority OF the Brooklyn elevated
stock for Brooklyn Transit stock had
been arranged. The advance In Union
Pacific and New York Central was
timely with the announcement OF the
return of TIE leading interest in VAN
derbilt stocks and gave rise to re-
newal Of rumors that Union Pacific
might be absorbed by the New York
Central The opinion expressed. be-
cause OF the action OF the market, that
the rise in London, which was a pur-
chaser at the opening only, was marip-
ulated from this side to facilitate the IL
quotation watch was evident in the
market.
Bond prices to-day were raised gem
orally. considerable activity developing
the 81. Louis and Southwestern issues.
to-dny's Pacific seconds and Wisconsin
Central tlTsts. Total sales. $4,000
United States rs and the new Is adj
vanced Y and the old Is Il per cent in
the bid price.
The total sales of stocks to-day, were
90S.490 shares.