Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-23

Bar silver 55&c.
Mexican dollars 45c.
I. S. new is registered .116la01171a
T. ;. new is coupon. 1lIicM11S12
T. 5. Is registered. ...............l 1864 @lo7i2
y ?. Is coupon. -...................l0 Jos @1G3
u =. ACKNOWLEDGEMENTS. %
T. ;. 9s registered ............... si2G110l2
I. ). 5s registered. ..............1l Gl2If111la
Pacific is of S0.....................1 1922
Government bonds weak
State bonds dull.
Railroad bonds steady
Stocks-When New York operators
in securities got down to Wall street
this morning, they found cabled reports
from London indicating a somewhat
feverish activity in the speculation in
Americans with tendency to rebound
from yesterdays depression. Cabled
inquiries from the other side indica-
ted an eager anxiety there to know
what tack Wall street would take. This
was sufficient to admonish the bears.
who sold in yesterday afternoon S
slump to cover their contracts The COW
ering if the shorts was coupled with
some buying for London account. The
result was very sharp advances all
around. This advance was almost lost
at one time during the morning, but in
the late afternoon the buying was re-
newed, carrying prices to the highest
of the day with only slight reaction
at the close. The net result shows
rather more than half of Yesterdays
losses retrieved. The market was high
ly speculative all day and the favorite
stocks were the highly volatile special
ties such as Tobacco, whicE was ex
ceedingly erratic all day and very ac-
tive. and Sugar. In the railroad list
the grangers and the internatiorals led
in the trading A raid upon Peoples
Gas, which carried that stock down
over points, was the cause of the
morning reaction. The stock fully re-
covered all its decline before the close.
The conditions in the worlds money
markets had salient effect on the Sc
curity markets. The handspring of the
money markets action was the de-
cdeased demand from banks in the in
terror of the United States for funds,
Chicago exchange on New York rising
TO par. This had the effect of relaxing
the New York demand on London for
gold and as a consequence no gold was
engaged for import to-day. Although
rates for time money and commercial
paper remained firm. call money was
10 be had on the exchange at per cent.
the sub-treasury made heavy payments
on account of the navy resulting in a
debit balance at the clearing house Of
s1.256.56f. Part OF this doubtless went
into the exchange market and helped
TO Tlaintain its firm tone despite the
buying by London of securities. The
resultant relief of the London market
from the pressure for gold accompanied
by a rise in Berlin exchange on London
gave promise of easier money there and
relieved the situation in Paris as well
The result was cessation of the heavy
liquidation for Paris account The
selling OF American securities when
had been large for both Paris and Lon
don account was checked. These i'm
proved conditions were reflected back
on New York and helped the recovery.
There were besides sanguine expecta
tons that the war would be short or
that the Pope would prevail upon Spain
to abandon Cuba. There was curious
story current in Wall street that some
of the operators in American stocks
had been buying Spanish bonds as a
hedge on the theory that if Americans
went down the Spanish bonds would
go up as in the case of Spanish naval
victory. In the expected event of early
American success, the profit on Amer
leans it was argued would more than
wipe out the loss on the Spanish bonds.
The bond market was not as active
as that for stocks and prices held only
about steady. Total sales SS25000
U. S. new As declined q; do. cou-
pom and the old AS registered "a in
the bid price. Others were unchanged.
The total sales of stocks to-day were
237,600 shares. Quotations closed bid: