Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-08

IT, s. IS registered. ......................H1
H. s rs coupons. .............-..........11
Pacific 6s of ACKNOWLEDGEMENTS. .103
Government bonds weak.
State bonds dull.
Railroad bonds weak.
Stocks. = The relations between
spain and the United States
caused apprehension in all circles in
Wall street to-day. That there were
large sales OF securities by timid hold
ers for the purpose of converting them
into actual money was doubtless true
buJ a larger portion of the selling was
due to the liquidation of speculative
holdings which have been strongly
held through pervious declines, but
which were thrown over to-day to
realize what they would bring. There
was very palpable manoeuvres also by
The bears to force the lowest possible
range Of quotations at the opening.
and their offerings to force down prices
and their purchases at the decli-rc &c
cover made up no small portion OF the
davis business. In this connection it
is interesting to note that the opening
sales of Burlington were reported at
from 9012 to S912, and this quotation
was not corrected until the close of the
market. when it was cancelled with the
explanation that he sales reported
were of st. Paul at those quotations
and not of Burlington. Instead OF
a break in Burlington CT Az at the
opening, that stocks extreme decline
from Saturdays close was q. Louis
vile was at one time 4 points off, its
weakness developing later in the day.
New York Central showed a loss of
3ss at the opening. Otherwise the eX-
IRENE declines in the railway list
we're restricted between / and points.
Losses in the specialtles were great,
Metropolitan Street Railway falling 8
noints, Sugar 51a and Manhattan 81.
The shorts were quick to cover at the
decline and a rally Of l to points
was almost instantaneous. The buy
inc to cover short contracts was at
rributed to Washington sources, which
we're aggressive sellers on the latter
mart of last week London was heavy
seller Of stocks here during the morn
ing, the sales for that account being
estimated at 1000 shares. London S
nessimistic view Of the values was as
much influenced by the threatening
outlook in China and the dispute in
the Niger regions as by the Cuban
question. Local operators were quick
10 decide that no damage was threat
ened to American securities by these
complications, and this encouraged the
absorption Of London offerings.
Later in the day the introduction OF
Mr.. Cannon's bilR to appropriate $780,
GOO 600 for national defense and the
Hill rrOUidIn y
for two new artillery regiments re-
newed the early weakness and force Il
prices again to the lowest The later
break was freer from bear manlpuia-
ti0n and represented more liquidation
than the earlier one. The decision ia
voring the railroads in the NEBRASKA
maximum freight rate case was Amos
ignored, and the news that Spain mao
Withdrawn its request for Consul Cen
eral Lees recall, although somewhat
more efficacious in rallying the mar
ket. had but a temporary effect, we
other threatening aspects OF the sltud'
ton being regarded as more import
ant. Money was marked up to 5 per
rent in the early transactions, an in
fuence in reducing liquidation which
must not be overlooked. The furry
in money was caused by the calling Of
loans by a number Of banks whose
reserves had fallen below the % per
cent. limit. Closing prices in stocks
we're considerably above the lowest
but net declines in the Standard shares
arc still from Ito over per cent
Prices of bonds yielded almost as
sharply as those of stocks, but small
liquidation by comparison with stocks q
Indicated greater underlying strength
Total sales 1895. 600. Y. S. new 4s,
as did old As, declined ", old $
coupon and the SIS, / and 21a per cent
bid. The SIS coupon old at 1ll&
New York. March THE total sales
OF stocks to-day were col, 900 shares.
Atchsou 5 ogss