The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-28
AMONG STOCKS.
, r.t.do, on the Elchsnge'-Ths Eject
~, Maine Disa,ttr--iitlpfai Fsa,nres
M,,krt--ii is Chinese ANA cuban

w. L . 4
sp s,,,,v YORK. Feb. &C., During the
,.,t week, the Maine excitement has
i,Esn thorough poSseseipn OF wall
. .S While, among the PUZZLE ~
,., ss there has been a gradual abate-
h'Sp NJ feeling and a growing dhposf.
~. n hone that Investigation may show
WV w SJ.nster 10 have arisen from acci--
w Vel on the stock exchange there
asn'; ,.ss Zach succeeding day more In
r. H. ,Itsn % apprchond an outcome TINT
el a,. ImpprIl harmonious relations with
w s".,, This paradox admits OF easy eN.
spnai,pn. Among the hnbi.ues of WAL
p,. ."s, there Is an element prone TO SEM
t t,Ie,s and 10 cXaggerntlon OF the stgnl-
Srante Of exciting events. ARGENT ~
.StIr cpln!ouf. quick. II not rash, In their
oSoo,rlIslors: given 10 the hlghly-season-
NJ contents OF some OF the 'ially papers
srd therefore prone 10 accept tho war.
~, ne bIay with which the unfolding this
n .,Ss,rtunnte incident Is eerVed up day
snsr Sny. These operators. though re-
ea,sr,sd In their transactions. are sorne-
.Sst lninortant IN number, and thdr
lis have an exaggerated effect upon
~. market; they have their influence
", he dptIon Of the moment, and Its eff
~, Il demonstrating. Herein lies the
.,nl,nntIon OF much Of the effect OF the
TiInc disaster upon prices. k. K n
II 4 also TO be taken Into account that
nreyIously the market was prcdlsposed
"a reaction from other causes, Strong
opsra,ors had actively worked the mar
ta. up 10 a relatively high range OF
r al Two weeks ago, they had begun
~ realize their profits. and their sales
lad been interpreted by the Initiated as
q warning AZ coming squalls. When the
raws from Havana struck the market, II
cave force 10 these expectations of a
snrlny break ard within a few days has
nrecIplta.ed fall OF 5 to Z points which
n,SerwIse would have been spread over
n larger period. In all this, the room
.Isnrs" have taken an active hand, Sc
,Srtln. the weak spots, attacking stop
orders and adding fuel TO the excitement
bysensatlnnal rumore, From the nature,
Of the case. little effort has been made
by the "bulI' side 10 arrest this drift OF
affairs. II is not by any means certain
what the official investigation into the
disaster OF the Maine may develop. So
far as Il has gone, though. nothing cons
elusive has been discovered, yet such
oartlai Information as Is cleaned tends
rather 10 encourage fears OF trouble with
snaln than TO allay such apprehensions.
Amid this uncertainty. nobody cares to
buy largely even a. the greatly reduced
pdces; for II hardly admits of a doubt
tha.. in the event OF a threatening OUT
cone OF the investigation, prices would
co sill lower. This isra prudent atti>
tuAa under the circumstances, and We
cannot recommend buying at present.,
except upon sharp drops and for short
turns.
one helpful feature OF the market has
been the revival OF the London demand
for securities, not less than Sc, 900 shares
having been taken during the week. The
news reia;inG to China and Africa has
been distinctly favorable. The assur-
ances given out by the French govern.
ment have diminished the apprehenslons
Of trouble with England over their COM
petition FOR territory In Interior Africa;
and Lord Salisbrry's utterances have
had a Ike effect.
The chIIcsa question seems TO have
reached solution which will preserve,
peace In the far east. for at least soma
yslrs 10 come. England has concluded
treaty with the Chinese emperor OF
far.reaching consequences. 1t provides
for jnllt loan Of c16.0000o0 by Great
Britain and Germany which insures the
immediate return OF Wei-Hai-Wei 10
Charse occupation and shuts out Rus
sla from the controlling influence at Pc
kin which she had hoped to cement
through becoming the lcndar. England.
has. also secured the immediate opening
Of all the Eavigable waterways of China
10 the traders NJ all nations and che
orSalnga Of tw0 free ports two years
hence. At the same time. China pledges
herself not 70 dispose of her rights In
az? por;lon Of :he great Yang-Tse VAL
lay-the chief region OF ChIna's re.
s0urces-to any foreign power. The
effect osal! this isto make three fonrths
Of China free 10 the commerce OF the
world and 10 leave little room for the
schemes Of annexation which certain
powers have been attempting to realize.
IN respect 10 Cuba, symptoms are ap-
peartas. which are suggestive OF posi-
ole aineliora.lons OF the situation. We
hear Of limitations watch seem hopeful
Of a possible solution of that terrible
problem. The action of the Cuban au-
tonomy committee n few days ago has
attracted little attention, and yet 1t is
nigaly important as symptom at least.
FOR nothing more. When a large ma
Dirty Of that body of loyal citizens OF
Cuba asks for further liberalization OF
me autonomy, for reduction OF Cuba's
PORTION OF The war debt to 500 900. 900 and
ior, an extension OF the committee by
htteen members 70 consistiof Cuban
generals and leaders, It means policy
OF material Cancellation in quarters
closely connected with the governing
powers. Moreover. there seems to he
some reason TO suppose that the Span
ish government Is disposed 10 extend the
liberties at the CnbanS beyond what Is
provided for under the existing antono-
my. Also 1t is given. out that negoua-
t.ohs are pending between Spain and our
government looking to q basis OF settle
heRt mat should satisfy the Cubans. II.
Is 20 DC hoped that these Indefinite indI.
cations point 10 something better COM
Ing. For the moment, however. the sit-
~ Il GuHSetEluVe- caution
IN financial interests. rs -
LheEe should be assurance OF peace In
she faet that Ii is simply absurd for
spaih 10 think for even a moment OF
gong TO- war with the United States. II
.ney VIII only reflect and weigh In the
sale the difference on one side and that
On tae o'her, they would Certainly hest
,ate before taking such rash step. Let
~ sec Wherein the difference consists.
sp4,a as nation Is on the wa,ie. Her
condition Is virtually bankrupt Her
reputation numbers only Il, 100000 OF
people. The resources OF, the nation and
VI he people are very LINKED. Her
s s.sltis equally so. It Is true she has 4
.asy AZ me present time probably equal.
~, " MAJ Of this country, but owing to the
aSk Of resources and efedit OF the
S ,,n. It II cannot rapidly or mater.
misy Increase. Any nation that goes 10
Nd, WI win The United Statss must realize
s ss lac: that Il would continue until one
ftsn ., me other was exhausted, for the