The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-04-04

81 Commercial bills 81 sih9l s2is.
Silver certificates 60itG6lAc. Bar sill
yer 59iAc. Mexican dollars 4i&c,
Government bonds weak.
State bonds strong.
Railroad bonds strong.
The two most potent factors In to-
days stock market were Federal Steel
and the Baltimore & Ohio stocks The
pressure to liquidate the former had a
decidedly unsettlIng influence on the
whole market in the morning and the
strength OF the latter stock served to
stifien prices during the afternoon and
TO retrieve 20 a large extent the early
decline. The opening In Federal Steel
was wide and the price was soon car
rled down 70 49, drop Of 4A from yes
terday's close. II rallied two points.
but went of again in the last fifteen
minutes OF the market to the lowest,
developing renewed eigns OF weakness
in the rest Of the list. The selling OF
the stock was due to the practical ad-
mission that the failure to amend the
charter yesterday at the annual meet
ing was equivalent to the abandon
ment OF further dividend distributions
this year, owing to the legal obstacles.
The strength In Baltimore d Ohio de-
Veloped after the executive committee
had convened. II was generally UNI
derstood that this meeting would con-
slider the granting Of additional rights
to stockholders. A new rumor found
circulation about every FIVE minutes as
to what the right would be. and the
speculation in the stocks Of the COM
pany was very active. The common
stock touched SSis and the preferred So
and both reacted nearly two points on
profit taking, helping to the easier tone
in the close. London was a free seller
in the early dealing and helped to the
opening reaction. While there were no
very large offerings brought out at
the decline the demand for stocks was
decidedly less urgent than in the recent
market and when the dizziness and firm
ness prompted TO an advance large Of
ferlngs to realize were brought out
when prices got back to last nights
level. The market gave evidence of the
pressure Of large speculate, holdings
TO reali;> but holders evidently
felt themJelves strong enough to
withhold ae!r offerings at any consld-
cradle concession. Outside few stocks
to-day's movement In prices were mar
row. There was considerable strength
In the grangers under the leadership of
st. Paul based on a very heavy grain
movement now going over the western
lines. The trunk lines were firm on the
large east-bound shipment besides the
sympathetic effect of the movement Of
Baltimore & Ohio stocks. The rally
from the low prices reacted point in
q number OF prominent railways, but
the final easing of left most OF the
days net changes small and mixed
between gains and losses. Sugar was
actively dealt In. but after an early
decline Of over point mounted upward
four points on the reported easing
price of raw sugars. The price eased
of in the late decline, bringing the net
advance down to nc. The money mar
ket worked somewhat easier to-day as
the influence OF the April disbursements
is beginning to be felt. There is no fur
Their apprehension in stock market cir
cles on money market considerations.
The bond market continued quite ac-
tive and changes in prices were mixed.
Total sales par value. S4.75O.0OO. United
States IS coupon. new IS and IS declin-
ed z per cent in the bid price.
u. S. BONDS.