The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-05-01
FINANCE ANDTRADE #
inc Features ofthe Money and Stock
Markets, p

Markets. n
NEW YORK, April 2s.-The market
was heavy practically all day and while
q number of material recesslons np-
peared the general railway list suffered
PVT lractlonally Stocks affected by the
plil taxing corporation franchises In
TINS state suffered the most. Metropolis
tan LOST over per cent, Brooklyn Tran
sit and Consolidated Gas nearly /. Man,
haitian point. but Third Avenue, was;
an exception. rising 2 points on small
dealings on expectation that thnt4cpm-
pany would bid for the undergfdiind
franchises. The traders were curly SELL
eFS IN expectation OF bad bank state
lnent, but they covered when 1t appear
ed. showing small changes. the reserve
increasing one and one-tfird million
dollars and loans decreasing about half
million. The absence Of commission
business and weakness OF local stocks
caused the market 10 ease off again,
closing weak. London was purchaser
or 4 moderate amount OF stock. Among
the strong spots were Canadian Pacific
and Colorado Fuel which advanced AZ
and per cent respectively. Practical
ly oil the Industrluis were weak. Stocks
gravitated to lower level this week
with considerably diminished outside
demand and such advances as did &C.
cur were mostly In comparatively inac-,
tive stocks. March net receipts for
many railroads covering as 1t did IL
period OF uhfavarRbie weather c9Rdi-
tions.generally showed results below ex-
pectatsons. a..Ts
The gross weekly returns appearing
for April on the other hand exhibited
an increase In traffic. The seeming de-
sire OF the Fitipfnos for n cessation OF
hostilities failed to secure n ripple In
quotations us the war had been
conducted with little doubt in the
speculative mind that an ultimate fav-
orable conclusion would be reached
within n reasonable time. At the same
time no apprehension attended the pos
sibility Of diplomatic strain with
Germany owing to the wide publicity
given the remarks Of United States OIL
GERS as regards the situation In Samoa,
and the incidents attending the opera
lions OF the naval forces at Manila The
money market was VARIABLE with in
creased strength In the latter part OF
the week In anticipation of May diri-
dend and interest requirements. and the
necessity OF financing the Amalgamated
copper company und other industrials
next week.
The bank clearings decreased COM
pared with last week, rejecting the
fact that speculation In stocks dfmin-
ished to little over 5000 900 shares dur
ing the week, but the genral business
OF the country continued lnrge and
trade reports recorded no check to the
expansion In business activity. Silver
certificates after long period OF COM
paratice inactivity, rose 5 cents to 65 and
closed only lc lower. The price attain
ed for the white metal was the highest
In over two years and the certificates
traded In represented 354.000 ounces.
The trading In Anaconda mining. which
made n net rise OF IL. only points be"
low the best. reached nearly 100000
shares. The strength In this stock was
associated with the announcement OF
the incorporation of the new copper
trust" which was to embrace this COM
pany. II the trading In Anaconda, to-
Scther with the green" fndustriats and
local stocks be substracted from the
total 1t will be seen that trading was
YER narrow. and that the standard
shares were much neglected. Crop un-
ccrtaintIes, together with the decrease
o! s1I7000 In burlington surplus enrn-
!ngs for March left the grangers frac-
tionally lower. The professional ele-
ment Is largely bearish on certain
STOCKS Which nave. experienced an ui-
usua! rise while the rank and file are
generally disposed to hold tcnaciously
to their stocks on the belief that tho
present market Is but q halt, and that
bulllsh enthusiasm will arouse stocks
from their lcthargy II bounaful crops
are assured. For the week the Iron
and steel shares were Irregular 10 the
extent of point or so.
Operations in bonds during the week
on large scale and many Of the medi-
um price issues made handsome ad-
vances. The fact that several states
have laws impending or enacted per-
hitting savings banks TO Invest In GER
tain high class railway bonds has tend
ed to enhance the value OF such mort
cages. Speculation generally too was
strong and confident. the absence OF
real strinScncy In the money market
forced the employment OF idle funds
Into mortgage which return fair rate
OF interest. ..
United States 2s registered advanced
\ per cent, the new Is registered u per
cent and do coupons and the 80 X In the
bid price. The old IS coupon declined
Il per cent.
BONDS AND STOCK QUOTATIONS.