Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-11

Pacific Is Of 81. ............,.........'.. .lVo
States-Dull.
Railroads-Firm.
G0vernments-F'irm
Stocks Operators in stocks main
tanned a strictly waiting attitude to-
day. The extreme variation in prices
reached a noint or over in a good
many stocks, ard the market took on
some show Of animation in the first
hour en- the upward movement, but
the purely fictitious character of this
advance was demonstrated by the re-
lapse in the second hour. The day S
ret changes are hardly perceptible in
many cases and show an indiscrimi-
nate mixture Of gains and losses. The
market was without any more signifi-
canoe than Yesterday. Total sales Of
all stocks were less than 100, 900
shares. The fact that the London eX-
change was closed, left New York
without initiative from that quarter.
London operators were apparently not
eager to avail themselves of the op-
portunity of trading On the New York
exchange and orders by cable were
OF small amount, though they were
sufficient to aid the first hours ad-
vance The bank statement was re-
garded as unfavorable, the movement
OF currency to the interior having APP
parently been heavier than expected.
~ was expected that the imports Of
gold would about offset the movement
TO the interior. Apparently some of
Inc gold has been absorbed to meet
indirectly the demand of interior
banks, that is to say it has been de-
posted at the sub-treasury in ex-
change for currency transferred from
Washington. Gold received by the
DAYS steamers does net figure in the
statement. Although the reserve re-
Qurements has been reduced over
.59CO0C0 by the heavy decrease Of
Flz'599,9O0 in the deposits, the surplus
reserve is decreased by only S6S4,325.
The loss in cash is $3,7S43G0 and
loaaS have been contracted SS,0667 zoe.
~ spite of the inactivity of the mar
heis further gold to the amount of
f'9O0V0 was engaged for import to-
day
fflces of securities are generally
usher than they were a week ago.
ne nigh prices of the week were made
vi Wednesday afternoon, when the an
1nouncement came that President Nc
tNDiey message to Congress would
We delayed until Monday. The first in
expectation of this action was that 1T
uoded further negotiations looking to
peaceful solution. Although further
regulations have not developed. a
pdIt OF Wednesdays gains has been
ned There has been much puzzled
enort to account for the firmness of
tne market in face of the weeks
threatening developments, and there
Nas been disposition to ascribe some
secret motive to the buying, popularity
supposed to be on inside information
rom high financial sources in Europe
mat Spain would be forced to recede
dl me eleventh hour. But it must be
Sald that the prevailing conviction in
wall street has come to be that war
WIN Spain is now inevitable, and still
prices do not go materially lower.
NOhmlsslon houses are authority
worth the statement that they have or
UetS TO buy on a descending scale. This
Eondlton stops the professional bears
from operating on the short side.
On the other hand. Wednesdays
uuge demonstrated that there is a sup
ply OF stocks ready to offer on any
notable advance. The market is thus
held in a sort of stable equilibrium.
with orders to buy below the present
lefel and orders to sell above it, Mean
.lme the amount of trading which is
invited is very small The conviction
IS unavoidable that prices are near the
PIe Of values for existing conditions.
since these who hold stocks are not
anxious to sell and those who seek
lham milling To nffoI 70 for