The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-03-01
The Features of the Money and Stock
Markets.


NEW YORK. Feb. 2S.-Money on call
steady at 2lsG3 per cent; last loan per
cent. Prime mercantile paper 3a3h
per cent. Sterling exchange steady.
with actual business In bankers bills
at 81 S6kG4 S6hs for demand. and at
"a SfhG4 S4i5 for 60 days: posted rates
81 Sitsa4 So and "a S6lsgi 81: CONNER
cial bills 81 S3lsG4 81. Silver certii-
Gates nominally 59hG6Okc. Bar silver
59l5c. Mexican dollars 47Ac.
There were average declines to-day OF
from one to two points among the lead
Ing stocks. Including the railways. while
In the case OF Burlington there was an
extreme decline OF Az per cent. The
specialities. although showing consider
able strength at one time. made eN-
IRENE declines from the highest that
were generally large, Metropolitan Az.
Consolidated Gas s. Brooklyn Rapid
Transit 2S. International Silver 81.
Sugar 3, American Steel 4. and Federal
Steel 81. per cent. st. Louis & San
Francisco seconds preferred made an
extreme dip OF 3 per cent from the top,
while Lackawanna and Atchlson pre-
ferred figured for about 2iG per cent
each. Third avenue was subject to rio-
lent fluctuations on denials and reas-
sertions OF the story that 1t had been
acquired In the interest OF the Metro
politan Traction Company. After a
break Of points, Third Avenue rallied
Is. lost 10 points and ended unchanged
on the day. In the early trading there
was small buying by London and in
terests connected with the steel stocks
and also some purchases OF Burlington.
Realizing by commission houses sent
prices off. Burlington's decrease OF
$4,000 in surplus during January had a
depressing effect on the railways. being
coupled, as 1t was, by realizing In Atch-
ison on the unfavorabie Interpretation
given to Its January statement, which
appeared late yesterday. The market
rallied and then declined again on talk
of the possibility of tighter call money
and on the circulation OF rumor that
the Americans had sunk German
cruiser at Manila. There was brisk
attack on values. stop loss orders being
uncovered and considerable liquidation
was induced. Prices picked up when 1t
became known that no such disturbing
Manila advices had been received, but
speculation became unsettled again with
the renewal OF pressure. Sugar, which
showed early strength on reports of the
acquisition Of a rival company. sold of
on the denial. Two things which in n
measure would account for the weak
mes OF the market, were that London
sold In the afternoon the stock pur-
chased earlier and that two of the
leading interests that had been promi-
nent on the bull side were said to be
practically out Of the market for the
moment and let some stocks with which
they had been Identified shift for them
selves. Many million dollars worth OF
American securities sold by London in
previous weeks reached New York In
the past few days, but the agents OF
some foreign houses expressed the opin-
ion that shipments have practically
ceased, at least for the present, as sales
for foreign account had Of late been
largely balanced by purchases.
General weakness marked the bond
trading, to-day with the active issues
receding smartly. Total sales s4,l5O, 900.
United States new Is advanced 4 per
cent and the, IS Is per cent in the bid
price.
The total sales Of stocks to-day were
SOS, 700 shares.