The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-03-20
FrNANoE AND TRADE.
The Features Of the Money and Stool
Markets.


Markets.
NEW YORK, March l9.-Money on
call firm at 4@5 per cent; last loan 4
per cent Prime mercantile paper 80
5h per cent. Sterling exchange steady,
with actual business in bankers bills
at 81 1855 for demand and at 81 80 for 60
days; posted rates s. ssls and "a 81
Commercial mills 81 s1H. Silver certlh-
Gates 6ON9s1Nc. Bar silver 60c. Mexl-
can dollars 47%c. Government bonds
weak. State bonds strong. Railroad
bonds strong.
The stock market gave evidence to-
day Of disposition on the part of the
speculative contingent to discount the
prospects of relief to the money market.
But the speculative contingent is de-
pendent on the rooney market Tor funds
to operate with and while there were
symptoms OF relaxation in money rates.
the present supply is stlll extremely re-
stricted. Lenders of money are inclined
to hold out for high rates on the as
sumption that interest rates will not
relax until after the April list settle
ments have been disposed Of Borrow
ers take a more hopeful view of the Inn
mediate outlook and are inclined to
await the expected early easing of
rates. There was an appreciable stir
ring. of speculative interest to-day
which wan notably manifest In the rail-
road list, but which was mostly con-
fined to a few stocks.
Baltimore & Ohio was the most con-
splcuous, with rise of 3 points. Union
Pacific, Baltimore & Ohio preferred,
Atchlson preferred and the Colorado &
Southern stocks were all in good de-
mand and gained over point. Mobile
& Ohio and Minneapolis & st. Louis
preferred rose 2 points each. The bears
made attempts to Obstruct the rising
tendency of prices. They first made a
raid upon the New York stocks on the
ground that the tax levied under the
new franchise tax law will be consider
able as to threaten their ability to pay
dividends. Later an attack was maue
on the iron and steel group based on
the threatened strike OF machlnlsts.
Neither OF these were very effective in
breaking up the strength manifest among
the railroads. In fact the railroad ist
showed more hesitation in face OF the
violent rallies in the local traction
groups tnan IN the "eakhess Oh Ine
specialties. 1t is wen uhuerstoou 'na'
the vicissitrdes OF the new YORK STOCKS
are nearly concerned with a rivalry up
preaching the character OF a leuG ,
among some Oh the most powerful
financial interests IN the street. anu
peaceful oystanaers nave Deen SHOWN
to be as likely 70 DC injured IN TINS CON
fiict as the aetual paFtic'paI's' Inc
chief episode IN TINS CONNECT to-uay was
the severe punishment lnnicteu upon
the Short interest IN 4niru avenue t IN
stock touched ee1a IN tue early ueci tli
ana reached so7s seveIe tlllleS ~ tlle
violent nuetuaslons OF lne last ilsIl muir
OF tEaoihs' llee oiSnses te.l'Neu -
mueh as "a pOln's , Deeween seleS,
MetrOpoh'an street E1sllwas FeTOvo .sl
an carry loss IN sytnp%sny' Eonuon
Oousnt au''e treeiy u . rev s"SA 1' sS-
pecialiy the Atchlsols nv oliO a., ao,-
nc me votal pufetlassS On 'n'S az
count OF all STOCKS "ere es'ln '.. ~ =.
SVVVV snales' tsetiet w" W.. a.. ~ a., -
the AOhuon money lnstAel' uHe " uIs
DutseInenes on soVeFnni9n' a 49,.
Nei'her tne easier lnon 49, m AOnaon ,,s y,
tns '4.s s USs'n vs. ~ - ,sa rn.si,ot ,os
mere nAu ahy eHeSt VI 'Ae AthSHA 'AS' tNl