The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-03-07

heavy with actual business IN banlg-
err bills at q se5e8f a95t Tor demand.
and At a s2ls for sixty days; posted
rates 81 si64 Sih and 81 SfiS0i IS.
Commercial bills - 6204 s2m Silver
certificates 69K6G0Ke. Silver bars
5ssc. Mexican dollarB l7kc.
Government bonds strong.
State bonds strong.
Railroad bonds irregular.
Conditions were mixed and the
movement Of prices was very much
confused on the stock exchange to-day.
Sentiment u e0rreBpondingly conflict-
ing among the speculative contingent.
The situation may be best described as
one Of waiting upon believers in higher
prices. Those having faith In decline
took advantage OF the hesitation OF
the bulls and the entire lack Of outside
interest in the stock market to make
vigorous attacks at vulnerable spots IN
the market. The results on the whole
were favorable to the bears. They
were very diligent IN seeking out stocks
which were unprotected by supporting
orders and in Offering them down below
the price level, where selling orders
were known to be placed in the stocks
for the purpose Of saving losses on any
sudden decline. The sudden fall in
prices Of stocks thus selected and
equally sudden and violent rallies gave
the key TO the character Of this selling.
The furry in the rate for call money
in the late afternoon to per cent was
a faYoring factor for the bears, but the
actual effect was very small. The early
tendency to advance in the railroad list
was caused by the manoeuvers Of the
bears and the more notable advances
were about wiped out. The railroad
list yielded unWlllingly and only to a
slight degree, In spite Of the very light
demand and fair sprinkling Of gains
was retained at the close. Very ear
nest efforts were made to weaken su-
gar, but the utmost that could be
achieved for three point decline Of
ferinEs Of the stocks being compare
lively light.
Third Avenue was strong, rising an.
extreme 5IE and imparting sympathetic
strength to the other local traction
stocks. The most notable examples Of
the bear tactics were furnished by. the
International paper stocks, the common
falling rs and rallying 2A and the pre-
ferred falling rs and rallylng four;
pressed steel car, which dropped 6M
and rallied S: American Hoop, which
fell S1s and rallied N; Standard Rope
and its bond issue, which were raided
down from 2Ik@s points, with rallies
extending from ! to nearly points,
and Peoples Gas, which fell III and
rallied 2N. Practically all the Iron &
Steel stocks were down from to 2
points, and many recovered good por-
ton Of the loss and there were other
less striking examples all through the
list Of specialties. AIN the railroad list,
st. Paul, Burlington and Baltimore &
Ohio showed an extreme decline OF a
point or over, but the net changes in
the railroads are small throughout. II
is evident that the iinal disposition OF
the financial bill by Congress is await
ed by the bull contingent who are gem
orally confident that the provisions for
additional bank circulation will be en-
acted into law and will result in a no.
table expansion OF the currency. The
large buying Of government bonds by
national banks all over the country and
the expert estimates which are current
of the profit offered on circulation by
the new provision are the grounds Of
this conference. Meantime the mo-
ney market is working constantly clos
er and the favorable factors in tho
outlook are ignored. In the fear that
the available supply Of money will not
bridge the interval until the expected
relief.
The bond market was dull nnd irreg-
ular. Total sales par value, $685.! 900.
United States old Is and S. advanced
y and the So X per cent In the bid
price.