The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-04-21
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

Markets.
NEW YORK. April 2O.-Money on call
easy at 2a3 per cent; last loan 2 per
cent. Prime mercantile paper 4495 per
cent Sterling exchange strong. with
actual business in bankers bills at 81 IS
for demand and at 81 S4ss for 60 days:
posted rates 81 S4lGGl So and 81 Ss's0
4 SO; commercial bills 81 S3i4Gl 1894.
Silver certificates GoHq6llsc. Bar sti-
yer 5gikc. Mexican collars 47+4e. Gov
eminent bonds weak. State bonds in
active. Railroad bonds firm.
The stock market continued unsettled
and hesltatlng to-day under the infu
ence OF the uncertainty surrounding the
iron and steel issues. The undertoae
was distinctly firm. and the early period
Of weakness gave way to slow and ir-
regular upward moeement. doubtless
due in large part to the demand from
the short interest 10 cover. The rates
for loans on stocks this morning OF
the floor indicated that the short inter-
est was quite large. The comparative
quiet Of the iron and steel stocks and
positive strength at a number OF points
prompted the covering Of shorts and en-
Outraged what slight buying for gem
era! account there was. Eager atten-
tlon was again fixed on American Steel
&. Wire all DAY. IN view OF the session
of the company's executive committee.
The movement OF the stock was fever
ish. the common and preferred often
moving in contrary directions as though
to cause n feeling OF uncertainty over
developments in the company Aside
from this conflicting manipulating deal
ings in the stockwere apparently large
Iy in the hands Of the room traders. who
circulated many rumors concerning the
executive committee meeting The
committees action was kept secret I'M
I'll after the close OF the market.
with this disturbing factor kept IN
the background n number OF flyorab!2
influences were allowed to have play. The
coalers were all notably strong on fav-
orable trade reports. The bltuminous
coal as well as the anthracite roads
sharing in the movement. The local
traction stock and Sugar moved up
wards in a decidedly Irregular manner
and Texas & Pacific, Canada Southern.
New York Central and Pennsylvania
were also points OF strength. The good
crop weather was sustaining inhu-
ence with the grain carrying roads.
Rumors still circulate Of new railroad
combinations and Of prospects Of dlyl-
dcnds on railroad stocks, but they have
no definite authority and In many cases
meet with contradiction. The banks
seem assured OF an incraaEe in cash TO-
morrow. having gained nearly AO)1.0lj
on sub-traasury operations and over
half a million dollars on the express
movement with the Interior. There IS
rather more mystery than usual SUI
rounding the Item OF loans. The liquid
alton in the stock market indicates loan
contraction, but the declining scale OF
interest rates has prompted The banks
to place "a large loans as possible. Th7
process OF 1oanIng on sterling collaicI4l
which has proceeded during the week,
will undoubtedly b. reflected In tue
statement as 1t has been In the sterling
market during the week Actual ster-
ling rates advanced &c and postsl
rates &c to-day and are near the soll
exports point, though the exports are
engaged In their usual wringle as TO