Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-15

1862. Commercial bills $3.50.
Silver certificates 54$s Q55Nc.
Bar silver 541ac.
Mexican dollars 44%c.
[. S. new As registered. ................121
Y. S. new is coupons. .......-......-.;..ll
I. s. Is registered. ...................-.l l0
|, ;. IS coupons.............-,.
Y ,. 2dS..-..-...... .........-..-........-. Sote
l. S. IS registered. ......................1l Ula
I. S. IS coupons. ........................1l HOE
Pacific 6S of 90.........................1t 2t2
Government bonds weak.
State bonds dull
Railroad bonds strong.
Stocks-The stock and bond markers
were strong throughout to-day. Diff
ferent opinions We're offered as to the
cause of this and probably all had
some truth in them. That the excess
OF buoyancy was a surprise to many
professional traders, even those who
expected some natural rebound from
Saturdays excessive depression was
evident. There was nothing in the
news of the day to change materially
The political outlook, and that there
were many holders of securities con-
tinued nervous was evident from the
large offerings to realize which met
the sharp rise at the opening, but the
reaction which resulted from these Of
ferings was more than overcome, even
those stocks which showed the largest
gains at the opening rising again to
the highest and those which had been
less affected at the openisg rising in
some cases over a point above the
carly high price. Prices of Americans
We're advanced in London before the
opening here This was the more not
able on account Of the acute depres-
sion e the Spanish government As,
which fell 2la in London on Paris sell
ing and showed an extreme decline Of
8 in Paris. The course of these
bonds has been looked to as a true in
dex of the diplomatic relations be-
tween the United States and Spain.
This discrepancy might mean that cap
ital looks favorably upon the excel
lent financial and Industrial condi-
tons in the United States in spite OF
the danger of war or it might mean
that the acute financial distress of the
Spanish government detracts from the
value of its bonds in spite of chance
OF peace. 1t is not to be lost sight of
that United States bonds in the local
market declined u per cent in the bid
price in face of the strength OF all
other securities. 1t is possible, how
ever, that the stiffening of the money
rate may have accounted for this
movement. Certain it is that there
was very large covering of short con-
tracts which had been left open over
Sunday on the belief that some new
and dangerous development was immi-
neIt in our relations with Spain.
Traders we're indisposed to put out
fresh short lines and there was even
Tie evidence of various familiar de-
vices for bulling prices to show that
some Of this element was in the mar
ket for at least a short upward turn
in prices. The firmness OF prices was
sustained to the close. This was a
demonstration that the underlying
strength of business conditions in the
country would quickly bring about
recovery of prices upon any relaxa-
ton over the Cuban question
Gold continues to be engaged abroad
for import to-days announcements
aggregating considerably over $4,000
coo. The fall in the rate of exchange
in Paris and Berlin and the relative
steadiness Of the rate on London IN
dicates where the pressure for gold is
being felt, and there was response
in the stiffening of the money rate IN
Paris and Berlin. Money is still NOV
ing TO the interior from this point, ana
receipts of gold had no effect to-day
in easing the money market. over
$1,000 coo will be withdrawn from the
market tomorrow and covered into
the treasury for the second payment
on account of the Kansas Pachc SAFE.
Nearly all active stocks are from TWO
to over three per cent higher as a re-
suit of the days trading.
Prices Of railroad bonds rose in SYM
patty with stocks, but the overwhelm-
ing proportion of the dealings was IN
the Atehison adjustments ana .he
Union Pacific new Is. Total sales
$2,700. 000.
United States bonds were u per cent
lower bid, except the As registered ana
the seconds, which were unchanged.
The total sales of stocks to-day were
4S6,600 shares.