The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-04-26
FINANCE AND TRADE.
The Features Of the Money and Stock
Mnrkets.


NEW YORK, April 25.-Money on call
steady at 2h921s per cent; last loan
2M per cent. Prime mercantile paper
495 per cent. Sterling exchange easier,
with actual business In bankers bills at
"a SS94 SSH for demand and at 81 Sih
for sixty days; posted rates 81 S594 s555
and 81 SsG4 S9Ea. Commercial bills
"a S394 S4A. Silver certificates 5sN9
6O4c. Bar silver 5g&c. Mexican dol
lars 47Xc.
Government bonds weak.
State bonds firm.
Railroad bonds irregular.
The stock market was in large part
confined to Sugar to-day, the feverish
and violent fluctuations in which kept
affairs so unsettled that the operators
| hesitated to make ventures and the
volume OF dealings fell to small proper
tlons There was no actual news de-
velopment to account for Sugars err
ratio course, though the board room
was flooded with rumors all day OF n
settlement OF the trade war. absorption
| OF rival refneries, etc. 1t was pretty
| evident that these were set afloat by
the manipulators for q rise, which was
| directed against the short interest re-
puted to be largely concentrated In
| Boston. The stock sold as low as los In
the morning on supposed indications OF
/ fresh vigor In the trade war and in the
afternoon II got up to i15Iz. 1t closed at
a net gain OF 2h. The general market
sold on after the opening In sympathy
with the break in Sugar, which ehec-
tually dominated the tone OF me mar
ket all day. When Sugar rebounded
the room traders all turned to the bull
| side and kept prices up on a small vol
ume OF dealings. There were move
ments in special stocks designed to help
/ on an advance. notably in Missouri Pa
/ cI6c. Pennsylvania, Wabash preferred
and the grangers, but II was noticeable
that the buying demand showed Il
marked falling on on any advance
Buying orders came IN on the early de-
cline, but later in the day the market
continued dull. The apathy OF the de-
mand caused realizing by the room
traders and a late reaction which wiped
out many OF the gains. The closing
was easy and the net results for the
| dny were much mixed The introduction
in Congress OF n resolution for n COM
mittee to Investigate the Steel q wire
pnIsode and the New York stock ex-
! change may have had some influence In
the late reaction. The announcement
/ OF a small engagement OF Bolu TOT eN-
mort to Europe had very little In
| iiuence. The gold which amounted to
| $500. 900, Is believed TO be destined Tor
Paris, Sterling exchange was distinct
Iy easier. the rate for demand bills
/ falling sc. This leaves the question OF
further gold exports more doubtful
again. The lack OF fast steamer TINS
| week Is offered by some bankers as
reason for refralnlng from Rhlpplhs
gold during that period.
Discounts In London were Slightly
easier to-day, but money In New YORK
aIso showed further relaxation, loans
for sixty TO ninety days being quoted at
4 nor cent and four TO six months NJ
| 9IS per cent on mixed collateral Ihe
| gain by the banks from the sub-trens-
,irv sInce last Friday already amounts,
| "a over 20 OOO. 600. But the sub-treasury.s
dcblt balance nj the clearing house fell
to-day below million dollais lot tne
first time In several weeks, except
when some special operation interVeh-
ed. The disbursements In consequence
OF the government bond premiums
from the sub-trcasury are In tact de-
clinIng and this source OF replenlSh-
ment to the money market IS hkciy 10
bn closed soon a sharp fall IN New
York exchange NJ Chicago was also an
Incident Of the day. IL.
The bond market was rather outlet
and Irregular. Total sales par VaIue'
United states Is declined z per cent
in the bid price.
- g Da,de