The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-15

very narrow market, in spite OF the de-
pressed sentiment reported from for
elgn exchanges. This depression was
reflected at the opening here, but was
soon overcome by the bull movement.
The bears seemed to be very active on
London exchange, especially In Span
ish tours and the fact that they were
forced to cover helped the bulls In New
York In the later dealings.
The bull movement IS based on the
argument that a protracted delay In The
senate over the Intervention resolution
is likely and that K the senate resolution
Is adopted there will be further delay In
the conference. TIL President Is credited
With having expressed his preference
for the hous. resolution and the bulls
protested to believe that II the senate
resolutions were sent to him 1t would
fail OF approval. All OF. these posi-
bic complications are accepted as fur
thering the chance OF delay and delay to
the minds OF the bulls means additional
chance for peaceful settlement. One of
the possible plans Of settlement suggest
ed by the bull party was the sale Of the
island of Cuba after the meeting of the
Spanish cortes. 4 large part OF the
days activity was centered In Sugar, the
grangers and Union Pacific preferred.
Prices fell from the highest In the las.
hour on the report that the Spanish
minister was preparing to leave Wash
ington.
Tobacco huctuated violently. but ad-
vanced at one time points. The keen
borrowing demand for the stock indi-
Gated acute distress on the part Of the
shorts against whom the movement was
designed. Rates for call money eaSed
off to per cent this afternoon and only
$3.50. 900 Of gold was engaged for import.
The rise OF London exchange In Paris
and Berlin In response to the stilfening
of the London discount rate was fol-
lowed to-day by lower rates for CONT
mental exchange IN New York, indca-
ting that the pressure for gold is.being
shifted from London 10 the continent.
The demand for cash by interior banks
to strengthen their reserves against the
contingency of war continues unabatcd
and the supply OF legal tenders has be-
come go depleted that New York banks
are likely to offer gold to supply the in
terror demand Il It shall continue.
Business In the bond market was con-
fined to few speculative Issues and
prices show net declines. There was a
sale of block OF $4,000 OF Union Pa
cllc As at 90. the low point. !.
Total sales s1,275, 900.
United States Is and the old Is coupon
declined per cent. the old Is registered
and the new As n per centand the IS u
per cent each IN the bid price.
The total sales OF stocks to-day were
255, 100 shares.
Evening Posts London financial ca
bleEram:
The stock markets here opened nat
to-day on the war news from the UNI
ted States Spanish Is at one time fell to
Az. New York was said to have opened
large engagements for the putting" Of
stock on which a large profit has al
ready been shown. cannot definitely
confirm this, but believe Tito be true.
Americans were heavy at the opening,
but New York absorbed stock freely,
through the arbitragc dealers and sent
orders direct as wells consequently.
prices closed above the worst,
Z BONDS AND STOCK QUOTATIONS.
u s. new As rcg.12O lore, R.. Il Nav. ia,l,
do coupon. :. !. no Pittsburgh ;, s. .i6s Z
u 81 4s...........llS lReading ........ IG,z
.zido eonpon.....l0eoM Rock lsland,.,. So
do 2ds.........t % isl. Paul. ,...s..,., ~. .
u. S. O., reS.,....lllh do prefcrrcd. .14la