Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-31
Government bonds firm.
State bonds dull.
Railroad bonds strong.


Railroad bonds strong.
Stocks. - To-day's transactions in
stocks might fairly be termed a run
away bull market. The overwhelming
conviction of all operators on Wall
street seemed to be that a peaceful adj
justment Of the controversy with Spain
is probable Any OF the minor devel-
opments of the day which seemed TO
contradict this assumption or TO
threaten the defeat of this outcome
were persistently and confidently ig-
u0red. There were reactions at times
during the day, but these were evil
IDENTIFY due merely to realizing sales by
those who were content TO take large
profit already assured. These reallZ-
ing sales We're absorbed without at any
time reducing the level of prices to
last nights close or even near 1t, and
the market several times rallied to
near the top figures of the day under
renewed buying. The day closed with
such buying movement in full force
and with prices near the highest level
The days net gains in the railroad list
ranged from TO points, and in the
specialties gains Of over points in
Sugar and nearly points in Metro
politan Street Railway were scored.
Some of the shorts put out on Mon
days bulge were covered to-day and
perhaps helped on the advance materi-
ally. but the leading influence in the
market was a rampant speculative buy
ing movement London was credited
with being large buyer here, but for
eign exchange failed to reflect the fact,
exchange being firm. This might be
due to slightly easier time money,
which was no less significant of the
prevailing confidence in peaceful out
come than the strength in stocks.
Prices Of Americans in London had
risen before the opening here, but ca
bic reports said that this was due to
buying on New York orders. Spanish
government bonds also showed
strength in Paris and London. but this
was called a reflection of the strength
of American securities rather than the
cause Of it, Early reports from Wash
ingtOn that Spain had agreed TO free
Cuba for S200.G00,000 indemnity gave
the first powerful upward impetus to
the market Abstention of the Senate
Foreign Relations Committee from re-
porting any OF the war-lille resolu-
lions in its custody and the refusal Of
the House to interrupt the President S
negotiations with the Spanish govern
ment were interpreted as favorable
factors. No account was apparently
taken of the implied suggestion accom-
panying these actions that the Presl-
dents demands upon Spain were suf-
fcieDtly firm and far-reaching to meet
the objections Of those who had threat
ened to oppose him in Congress. The
underlying conviction in financial cir
Giles was that whatever these demands
may be Spain would accede to them
and thus avert bostilities.
The bond market was by no means
as active as stocks, but the tone was
strong and some notable gains in
prices were scored. Total sales, ST.
425,o00.
United States new As coupon adj
vanced IL and do registered 1 bid.
There were sales of the new As coupon
at per cent over yesterdays bid price
and of the old As coupon at IL over
yesterdays bid price.
The total sales of stocks to-day were
SCI coo shares.