The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-04-24
FINANCE AND TRADE.
The Features Of the Money and Stock
Markets.

The Features of the Money and Stock
Markets.
NEW YORK, April 2S.-Thc market
to-day was almost wholly professional
and the net changes wer trivial, al.
though In the way OF improvement. Tho
specialtles monopolized attention except
for activity in some of the internatfon-
nls. In the early trading an expected
favorable bank statement was dis
counted, and on Its appearance general
realizing followed the appearance of Il
supply OF stock from large holders CIV
Ing announcement to the bears to put
out short lines, and the market closed
with q raid in progress. The bank
statement showed large increase in
loans and deposits. and consequent
heavy gain In surplus reserve. London
sold freely Of Louisville. Southern pre-
ferred and Denver and Rio Grande, but
these stocks were very well taken and
all closed ut good advances. Norfolk 6
Western shares were the only other par
ticularly strong railways. Sugar was
strong throughout and gained 2I per
cent. Brooklyn Transit moved irregu-
larly slightly above yesterdays figures.
Among other specialties Continental To-
basso was pressed for sale early on the
increased capitalization, but rallied on
supporting orders and closed with n
gain Of 2 points. Tennessee Coal & Iron
was weak, losing 4 point. New Jersey
Central was helped by the announce
ment that certain high rate bonds
would be refunded by the issuance Of
stock to be subscribed for by present
stockholders. The market closed weak.
The level OF prices for the week was
not much changed. declines only slight
~ exceeding in number the advances.
The dealings were of Il highly profess
sional character, the public being
rather indIsposed to let go their present
holdings or TO take on new lines and
prices OF individual stocks as n rule
rose or fell only at the will of manipu-
lators. The trade reports for the week
showed no marked abatement OF pros
perity in various lines of Industrial ac
tirity. The imports for March were the
largest In nearly two years, ncverthc-
less the excess of exports reached near
~ s33.0O0.0OO, largely due to gain in
manufactured products, as the exports
OF cereals, cattle and raw material fell
OF about $4,000, 900. Sterling exchange
was strong with an insul,iciency of COM
nercial bills. 1t was thought that pre-
partitions for the payment Of the Span
ish indemnity figured in the exchange
market. Money on call showed 4 rari-
able. tendency alternately firm with
ease generally prevailing. Loanabie
funds were increased by receipts of
money from Baltimore and Philadel-
phia. The bank clearing Of the United
States rehectingthe comparative apa-
thy In speculation decreased for the
week over 100000. but were still
In, ~ thDgp y
The grain markets strength. supposed
ly rejecting an expectation Ola shrink
age In the cereal yield. was watched
narrowly for It's effect on the grangers.
This group of stocks moved within COM
pressed limits, while Burlington adj
ranced about points on the subscrip-
ton privilege extended to stockholders.
The professional element showed fire.
auent disposition to be bearish, while
real holders of stock generally chung
tcnaciously to their favorites. but the
liquidation OF speculative holders was
not lacking. The dullness OF the week
seemed conducive to an increase In the
short interests. which acted as 4 sup
port to values on concessions. FIRE.
Quently, after 4 long period of inactlri-
ts, business suddenly Increased rs
though It had been prenranGcd. The
more notable changes in prices for the
week were declines. Third Avenue Gls
per cent; Brooklyn Transit 1: Manhat-
tan 33B; Peoples Gas Us; New York
Central 9 and Lackawanna and North
western X per cent each. The adj
vances include New York Air Brake II
per cent: Colorado Fuel 10T: Colorado
Fuel preferred and New Haven each;
Anaconda Mining S; National Steel 4:
New Jersey Central. Delaware & Hud-
son and Louisville over each and
Southern preferred 2h per cent. There
was talk at one time Of 4 recurrence Of
discrimination in loans against the in
dustrials, but less was heard OF this
with the easing OF money. There were
sales for western account on several oc-
casions which We're taken to be con-
nectea with Information on crop pros
poets Railroad earnings that appear
cd during the week were generally fSv-
orable
Considerable favorable comment was
aroused by the keen investment inquiry
for bonds. which included middle class
as well as prime grades. The market
displayed pronounced strength through
out, moving independently Of the stock
market. United States Is registered, IS
registered and new As registered adj
vaneea 4 per cent: IS coupon and old
Is registered Il and do coupon and new
As coupon y per cent In the bid price.
BONDS AND STOCK QUOTATIONS.
u. s. % req. 100 Pittsburgh ......lSi