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

~. ~ Markets. @
NEW YORK. April 3.-Money on cali
firm at SOS per cent: last loan 6 per
cent. Prime mercantile paper 31lkGik
Der cent. Sterling exchange steady.
with actual business in bankers bills at
"a S6k "a S6ls for demand and ut 81 S4h@
A 84h for GO days: posted rates 81 $50
S5h and "a S79t S7h: commercial bills
81 1904 s3h. Silver certificates 6046Ohc.
Bar silver 59lSc: Mexican dollars 471sc.
Government bonds irregular.
State bonds inactive.
Railroad bonds irregular.
The usual accumulation over Sunday
of buy ut the market" orders caused
q buoyant opening In many stocks. The
dealings were on n tremendous scale.
particularly in the morning. and the
total transactions were over a million
and quarter shares. The most sensa-
tional advances were among the special
ties. many OF which maintained gains
to the close although the railways cased
Off. The legal rate. per cent. was the
prevailing figure for call money on good
collateral. but the range for the day
was from to s. with the closing at the
lower figure. Although the London
market was closed because of the Easter
holidays. arbitrage brokers put out
some lines of stocks in the expectation
Of getting them back cheaper In Lon
don tomorrow. The market through
out was highly speculative with rapid
advances and declines.
Manhattan on tremendous dealings
maintained an advance of points. The
stock was apparently controlled by pool
operations, support being extended on
declines and much realizing appearing
nf thn h ryt Gov NaIa
transactions second only 10 those OF
Manhattan sold early at the highest fig
ures yet reached and then receded
sharply. leaving n net loss Of ~ per
cent. The preferred advanced about as
much. American Steel was pushed up 3
points. Missouri Pacific on trading Of
over 100000 shares advanced points on
buying by q pool supposed to include
some of the insiders. Kansas & Texas
preferred at the same time was marked
up over n point. The announcement OF
the privilege to subscribe for new stock
In Brooklyn Transit. together with an
erroneous report OF cash dividend de-
claration caused the stock to sell up to
1876, but 1t receded sharply, leaving net
decline Of over points Mt the close. The
trading Of some half dozen specalties
nearly equalled the dealings in nl the
rest of the list. The most conspicuous
advances were Third Avenue .; North
American 81; International Paper rs !:
Tin Plate Az; Tennessee Coal Az and
Sugar per cent. Pacific Mail, Della
ware e Lackawanna. Mexican Central
and Western Union were spots OF
strength. Crop reports were assigned
for the reason Of realizing in the STAN
dard western railway stocks. Burling-
ton, Pennsylvania. New York Central
and Northern Pacifics suffered declines
OF point and over. Kansas City,
Pittsburgh G. Gulf and Metropolitan
were weak.
The closing of the general market was
weak. 1t developed after the close of
business that a deal had been effected
between Manhattan and Third Avenue
railway companies.
Considerable irregularity prevailed in
to-day's bond market with the moro
prominent issues sagglng. Total sales
S3.4S5.400.
U. S. IS advanced u per cent. but the
IS lost X per cent in the bid price.
The total sales Of stock to-day wene
90 ZOO shares