The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-01
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

NEW YORK. April so.-NIoney on
call easy at 2a21s per cent; last loan
~ per cent. Prime mercantile paper
4G4M per cent Sterling exchange lr-
regular with actual business in bank
ers' bills at "a S3ls for demand and at
81 s4M for sixty days; posted rates
81 S5a4 S51s and 81 SsG4 soy. CONNER
cial bills 81 ssSa4 Sils. Silver certih-
Gates 59,s96Ohc. Bar silver 59Sc. Mex
lean dollars Az.
Government bonds Irregular.
State bonds inactive.
Railroad bonds weak.
The day on the stock market started
off with another attempt to rush up
prices by speculative manipulation with
the purpose of attracting an outside
following. but the short interest had
been so far eliminated by the events of
the latter part OF last week that there
was not sufficient demand from that
source to keep up prices. Neither was
there any awakened interest developed
through the commission houses. The
market. therefore. fell back and be-
came dull ard heavy, but without posi-
tive weakness until some OF the later
developments when the bears showed
renewed vigor aud sold prices to the
lowest OF the day The violent break In
Sugar was the principal element in the
decline. That stock sold up to l2l3s In
the carly dealings and recovered to that
figure after a reaction, and then fell
away with occasional spasmodlc rallies
to 1i1A. closing only slightly above
that. The news bearing on the stock
consisted OF q story from Boston giving
elaborate details OF alleged terms OF
settlement Of the trade war and the
expressed opinion Of prominent spec
ulator lust before sailing for Europe.
that the war was settled. Several OF
the principals In the trade conflict de-
MED the allegations during the day.
The threatened strike on tho New York
Central caused fall OF 2M points IN
that stock and had sympathetic ehect
elsewhere In the list Missouri Pacific
was pushed UP to 60 on TumOrs that n
dividend would be declared Mt to-day's
meeting OF directors and that John d.
Rockefeller would be admitted TO the
directory. Both rumors failed TO be con-
tirmed by the event and the stock lcll
back, but saved n small net gain. The
steel industrials. after Some show OF
weakness also became firm and closed
ReHtIAlly WIN a. oman ANN pam
only Developments bearing on the
group are rumors regarding the threat.
ened legal process against officials OF
the steel and wire company. United
states Leather made a considerable
show Of strength. Otherwise the mar
ket generally yielded 10 the reactionary
tendency and closed very near the low
est and ensy in tone. There were no
Developments OF Importance in the mo-
nov or exchange market, though both
were scanned with eager interest. Dis
counts In London and sterling eI-
change here were slightly easier hut
trade has to prepare for n 10 per cent
instailment OF the government loan
which will be taken up this week. INC
tightening Of the London money mar
ket and the demand Tor eNchNnss ~
Now York TO pay the instnllment OF
American subscription viii both tend
toward gold exports. The money mar
krt here continues easy and shows 10
align OF hardening, Notwithstanding the
dIInInished supply Of cash for the mar.
hot on sub treasury operations "
worthy or remark tn this connection
thnt Saturdays treasury statement nj
washington showed an excess OF re-
colptE over expenditures for the day or
81. 5gi .6si. thus materially Raising the
figure Of the months surplus
Railroad bonds Were weak N sym
pathy with stocks. but the deatngs
were rather light, Total sales par
value, S1.47O,OOO.
United states ~ advanced 4 and ncw
AZ declined z per cent In the bid price
U. s. Bonds,
y refund. Is IL. s. new q cou ,i3ik
,ybab issued .iOyisl n. q. old ~ reF ~
III. 81 % reg. 80. 99a L. $. old IS cou.iif't