The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-04-27
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

G4t4IhGGAs
NEW YORK, April 26.-Money on
call steady at 24 per cent; last loan 2h
per cent. Prime mercantile paper 495
per cent. Sterling exchange unsteady
with actual business In bankers bills
at 81 $500 SsN for demand and at
s. S4N@4 s4ta for sixty days; posted
rates 81 $500 Ssh and 81 1904 S9ls.
Commercial bills 81 S3gs64 81, Silver
certificates 59& 460Isc. Bar silver 59Sc.
Mexican dollars 47&c.
Government bonds steady.
State bonds inactive.
Railroad bonds strong.
The stock market developed an i'm
pressIve show OF strength during the
latter part Of to-day. The principal In
fiuence in the rise was a resumption
Of the upward movement In Pennsyl-
vanla and the Baltimore & Ohio stock.
The recent reaction in these stocks has
been accompanied by rumors that inn
portant speculative interests which
had been prominent in the advance had
sold out and taken their profits. The
news Of the very heavy OUTLAWS IN pros
pect for permanent betterment and in
creased shipments awakened some
apprehension of dividend increases be-
Ing indefinitely postponed, not only on
Pennsylvania stock, but on Baltimore
& Ohio and many others which have
been subject TO rumors of increased
dividends, but to-day the report OF a
probable increase in the Pennsylvania
dividend rate took form again and was
circulated with great eXplicitness.
Bids we're made on the board for the
next semi-annual dividend on Pennsyl-
vanIa on thousands of shares OF stock
2% per cent, compared with 2h per cent
the last rate. The meeting OF the direc-
tors for the purpose OF fixing the diVi-
dend rate is fixed for Tuesday next.
These reports in regard to the Penn
sylvania had the most indirectinfuence
on Baltimore & Ohio stocks, next to
pay itself, but the whole railroad list
responded in varying degree to the In
fuence Of this movement. The pools
whose operations for q rise were inter-
rlipted by the steel and wire episode,
resumed their operations to 'some ex-
tent, This was notably true OF the
Gould southwestern group, which are
subjects Of teeming rumors OF pros
pactive combinations or consultations.
The determined firmness Of Sugar and
Its buoynnt upturn later bad a sym
pathetic effect on the market. The
movement is still attributed to the de-
mand from the shorts, but the many
assertions OF favorable developments in
the trade war may also have had their
effect. A number OF unusually favor
able railroad statement also had n
strengthening effect on the market.
Increases in net earnings for March
were reported by the AtchIson. Topeka
& Santa Fe OF Sc per cent; by the
TTo.iyIrs, UaIIcv railway of los DpT cent
and by the Central of Georgia, OF 80
Der cent. Returns Of gross earnings
for the third week in April were also
uniformly favorable. These factors OF
gtrength caused growing uneaslness
among the rather unwleldy short Inter-
est and the demand from that element
Ind no small part in the rally In the
market -,,
change market to-day gave ground Tor
rnnsyyed doubt as to the continuance
for fine present of the gold export
movement. The strong return OF the
hank or England for the week, as well
ns that OF the Imperial bank OF Ger
many had some effect on the exchange
market. The sub-treasury's debit bal
ance at the clearing house ahowed u
further decline to-dny, falling to SSOO,-
1is. compared with the recent average
Of over a million dollars II ms re-
punishment to the money market u
cut OF 1t may serve 10 prevent tie
outward flow OF gold
The bond market showed lncreasihE
activity and strength to-day Iotai
sales par value, S2,5S0006 800,
United States bonds were unchanged
in bid quotations
n q uo,,da