The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-16

ally heavy. Heavy realizing met the ad-
vances and wiped ours large part OF II
before the nrst hour had expired. This
was the most active period OF the days
trading. There then erSued a slow and
iaborious recovery which developed
higher prices than the first squirt. And
yet this second advance also was wlp-
ed out In practically all cases except
some OF the spCclaltles, and the day
shows net losses In MOST OF the stand
ard stocks extending to a point or over
in some cases. Thus almost the ex-
IRENE range OF the market was traver-
sed four times during the day. There
was very little In the news to explain
these conflicting movements, Wall
street opinion OF the political outlook
was on the surface less npprehensIvc.
The movement OF Spanish As In London
and Paris, which partly recovered after.
an carly'declinc, reflected q growth OF a
similar opinion there. But this was
probably derived In part from the
strength OF the New York market yes.
tertlav and this morning. London sold
freely hero on the morning advances and
there was heavy realizing besides, ut
trlbuted to very powerful local market
interests, The character OF this rea-
llzng summed up that the market
might have been manipulated, but the
usual procedure for such mnnoeuvre
by n powerful combination Is to bid up
the prices OF Americans In London by
cable orders, the supply OF stocks being
limited there and results more easily at
taned.j But London prices were lower
this morning. The early advance was
materially helped by the aggressive
strength OF the local traction stocks on
account OF the belief In antag-
onlsm to the rapid transit plans.
Metropolitan Street Railway was at one
time UP six points and Manhattan 81.
4 number OF the Industrial stocks also
rose over two points, and number of
the railroad stocks at one time showed
net advance OF over point, The
retrogade movement OF prices seemed
to be as ASSOCIATED from any news OF
the day as were the advances. Realizing
| OF profits offers the only explanation.
Prices for foreign exchange moved 10 "a
lower level to-day In spite of additional
engagements OF gold for import. Actual
rates for demand sterling declined 4
and the actual rate for sixty day bills
as well as the posted rates for both
long and short sterling fell &c. Besides
the engagements OF gold for import
from Europe to New York a shipment
OF s2,o00,00O was announced from Aus
tralia to San Francisco. There was no
casing of the local money rate In re-
Spouse TO these movements.
The bond market was strong up to tho
closing, when prices eased of In SYM
PATTY with stocks. Total sales. $780,
600.
United States new Is advanced IL
and the IS Y and the old As registered
Il per cent bid.
Evening Posts London financial ca
bleg:am:
In spite OF Lord S0llsbury's illness the
stock markets here opened better to-
day In the absence of further disturbing
news. but on heavy selling OF Spanish
and other stocks from Paris oil '-the
markets slumped. Americans at one
time were very fiat. There was no sup
port from arbitrage houses and prices
here were below the New York level.
Then two big New York houses turned
around and bought. prices rallied and
simultaneously Paris stopped selling.
with the result that the bears FASTENED
TO scramble in. causing prices in all the
markets to close Mt the best
Spanish Is fluctuated between sc and
53&c, closing at Sc.
: In spite OF The heavy premium on
gold by the Bank OF France. I under
stand that shipments from Paris to
New York still pay.
BONDS AND STOCK QUOTATIONS.
| U. S. new As reg .12aIs Ore. r. & Nav. A !
DO coupon. .l22h Pittsburgh .....lGS
| u. s. Is .".......1l0tt Reading ......... lG3s
do coupon......lll Rock Island -. S3is
do seconds -. 9Sis st. Paul .-..... SS4s
u. 5. IS reg......ll1 do preferred. .liils
| do IS coupon. Iii st. P. & Omaha. IS
| Pacific Gs OF 20. .l03 do preferred. $50
| atchison ......... IL Southern Pac... 1JiL
do preferred. 2is. Texas & Pac... Ok
Bal & Ohio...... lGl, Union Pacific. 81.
| Can. Pacitic...... ST.. Wabash GU
| Can. Southern. Il do preferred. Is
Central PaciiIc.. IL Wheelg & l.. L. ITs
Ches. d Ohio. ISL do preferred. ~.
Chi. & Alton. ..1i7E Adams En-. 100
Chi. Bur. O.. SSH American Ex...120
{. c. c. & st. l.. 2Tjs Y. S. Express. IS
do preferred Z. So Wells Fargo. ...1l4
| Del. K Hudson. 1921. Am. SplritS.... 6;s
Del, Lack. & W.l5O do preferred. II
| Den. d Rio ca. 10k Am. Tobacco. 9iis
| do preferred. 43S do preferred. .1l2
| Erie new go. ~. Peoples Cas-. S;s
do first pre-. 3isi Col. +. &: Iron. 19A
Fort Wayne ....lCS do preferred. IS
/ Illinois Central. 9Fa Gen. Electrc... a z
Lake Erie & W. 13A Illinois Stecl.... Is
do preferred. &C Lead ............. 29is
| Lake Shore. ISL do preferred. .lv2
Lou. & Nash.... iSis Pacific Maii..... aa335li
| Mich. Central. ..l0lA, Pullman Pal. 1854
| Mo. Pacific. OK Silver Cer........ IS
| y. J. Central.... 9liI Sugar. eS-div. .l2J7ss
| y. Y. c., eS-div. .l09is do pre-, ex-dlv. 1851
| Northwestern ...lltia Tenn. Coal & |. 49,.
do preferred. ..l13 U. S. Leather. 81
| Northern Pac... cliS do pre-. ex-div. 5IiL
do preferred. 6OB Western Union. s65
| Irnadstuns and ProTIsions.
CHICAGo-Wheat to-day became
very weak toward the close and wound
up with a loss of sc in July. Selling OF
May wheat at 81 o. by Letter precipita-
ted q flood of selling orders In July.
Corn and oats followed wheat, closing
about &c lower each. Provisions did
not change much.
Wheat started little easier. Cables
showed slight declines and Liverpool
l l.