Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-02

BAR SllNEr, o012C.
Mexican dollars, 45c.
l. S. new As registered ...... .120lsNf21
l s. neW y couponS.-.......-..12 10 0i2l
l ;. Is registered 1917
t. 5. IS coupons (eX-int) ........i1i
I, ), 2dS......, .....,..-.......... 9s
L. S. ) registered. III Ull2
L s Is coupons. .................1ll Qula4
Pacific IS of '95....................1 05
Government bonds weak.
State bonds dull.
Railroad bonds weak.
New York, April 1.-The process
which went on in the stock market
to-day was a crumbling and disinte
grafton Of prices. There was a large
and influential party in the exchange
who manifested their confidence in a
peaceful settlement between sc uni
led States and Spain and who increased
values of securities BIZ determined sup
port Of prices all through the early
dealings. The buying by this element
during the morning hours was very
large, but prices kept slipping down.
ward. The weight CT the growing de-
pre5sGn proved too heavy TO carry
and the late attempt was abandoned
in he afternoon when d generally
heavy liquidation was in full force.
Some feeble rallies at the close indi-
Gated that some part Of the days de-
clines was due to short selling, but
the recoveries from the lowest were
very small and net losses on the Gay
ian from to over points in the
principal active stocks, The ground
Ct the early confidence by some opera
tors that war would be ayerted was
4 bf-~.t- 4 n
have been founded on the inference
that interest on the Spanish As which
was paid to-day, in spite Of recent
doubts whether the money woud be
forthcoming was advanced by the
Rothscbilds, and that the advance was
based On knowledge that the Spanish
government would make a peaceable
sentiment Of the demands Of tie Uni
p ted States. Bur as the day advanced
The fact took more and more definite
shape on the news from Washington
that the Spanish government had, on
The contrary. refused the demands of
the United States. The consequence
seemed necessarily to be that the whole
question would be submitted to Con-
eress for settlement. This was felt
10 involve the abandonment Of diplo-
macy and an early resort to force. All
the indications usually regarded as
trustworthy as to political Develop
ments were very contradictory in the
early trading. American securities af-
Ter opening off in London, improved
before the opening here and advanced
quite violently after trading had COM
meaced in New York This early
weakness was in spite of the fact that
early advices from Madrid were rather
optimistic. Spanish As. which were
traded in ex-coupon, fell full points
in London before the rally set in, then
recovered IA, apparently on the early
strength shown by the New York stock
market. This early strength here rail-
lied prices several times to or near
last nights level and it was not till
the afternoon that the market took
on its decisive tone of weakness. A
significant feature CT the xly was the
marking up OF call loans to per cent
This was Que to the calling Of mod
crate amount Of loans by the New
York banks. But the shifting of these
loans developed a small amount of
money Offering and the sharp stiffen-
Ing in rates was the consequence. tx
NitolSS ldLeS ltSpOuuSQ ~ tic AicbA 'SAi
Ing OF money by a fractional decline,
though the days engagement of gold
for import was only about half a
million dollars. The growth of the
selling for Washington account as the
day progressed was an essential factor
in the late break in the stock market.
Bonds were not SO active as stocks,
but the volume of liquidation increased
as the day progressed and some sharp
net losses are shown. Total sales
$l,65O0G0 Government bonds were
Neak throughout. The new As cou-
pom fell 2A, do registered 2, do. As
registered l. and registered ] in the
bid price. There were sales of the new
As coupon at 1211a, a decline of Us
from last nights bid price.
The total sales of stocks to-day were
5ollo0 shares.
Quotations closed bid:
Atchison - Observation-Disclosures. HIS
> lo preferred ......... .-.............'' rs
baltimore and Ohio ..........-.-...---. loi2
anada Pacific ......... .-.....-.-..'.. ~