The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-04-19
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.


NEW YORK, April 1S.--Money on call
easier at 2is@Sk per cent; last loan "a
per cent. Prime mercantile paper 4I4Q
5 per cent. Sterling exchange irm,wlth
actual business in bankers bills at
"a S7%G4 SIN for demand and at 81 81
for 60 days; posted rates 81 S4E and
81 ssh; commercial bills 81 SSG4 ssh.
Silver certificates 6Otsd6llsc. Bar sill
yer 59lAc. Mexican dollars axe, Gov
eminent bonds strong. State bonds In
active. Railroad bonds irregular.
The uncertainties OF the speculative
situation were so to-day that operators
in stocks maintained i Insulating mood
and refraiued from active operations
Professional traders found 1t difficult To
induce any following either for an adj
vance or n decline. The street was full
OF discussion regarding conditions in
the iron trade, upon which the move
ment Of stocks seemed to hinge. Their
were plenty OF authorities who were
willing to be quoted in opposition to the
gloomy view. expressed by the chairman
of the American Steel & Wire Com
pany regarding the outlook in the
trade. News OF concessions in prices OF
some lines In the steel trade. however,
scanned to sustain his views, or were.
perhaps, the results OF the exposition OF
those views. The conflict Of opinion
brought no definite conclusion either
way, the whole speculative situation re-
naming unsettled. Prices in the gem
eraI list started upward, encouraged by
higher prices from London and under
impulse Of antagonism to the bear cant
paign, which is alleged to BE- at the bot
tom OF the selling OF iron and steel
stocks. Spectators, however lost con-
adence ir their own views as the insIn-
cerity OF the unfavorable opinions ez-
pressed over the iron trade outlook
when those same Iron and steel stocks
again manifestlng acute depression.
American Steel & Wire sold a point be
low last might. II did not get back
above last nights price in the subse-
ouent trading and closed 81 per cont
on. The net loss OF the preferred was
points. The other iron and steel stocks
WIRE no, so weak There seemed a sort
Of speculative duel waging in steel anu
wire and Federal Steel. the latter Stock
crossing the former and closing nearly
a point higher and at 4 net loss Of only
Y per cent. When the renewed weak
ness of Steel and Wire was perceived
the opening advances in the general list
began to be conceded. In one or two oil
the railroad stocks advances had reach
cd over a point, but they were very
generally wiped out. The market was
extremely Irregular for the rest Of the
day. New York fractions and some OF
the other specialties showed acute
wr,lness There was period OF
strength later In Sugar, General Elee-
trio and some OF the railroad stocks. bu.
those manoeuvres failed to attract any
following or to dlssipate the feeling Of
uncertainty. Net changes are mostly
small and the closing was heavy and
Sluggish. inc HloHeg hin' NJ
to work easier call loans dropping to
2Is per cent in the late dealings The
sub.treasury is dlsbursIng large suns
to the market and New York exchange
at Chicago rose to 1Oc discount to-day
compared with 40 cents discount on
Monday. Indicating relaxation OF In
terror demand for currency or perhaps
cessation OF the selling Of stocks for
chicago account. sterling exchange
continues to harden and large loans arr
made on sterling collateral This means
that London Is taking advantage OF the
lower interest rates here to borro"
money in this market
The bond market was rather qule'
and Irregular. Total gales par value
El.s3O.O0O United States new ~ al
vanccd u per cent in the bid price.
u. S. Bonds.
- q refund "a U. 8. new Is cou,i22ia
whom Il issued, 100 U. $. old Is ros'liis