Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-14

C. :. new Is coupon. ............I2O Is
I. :. Is registered. ......................10S 1852
L. ;. Is cOupON.-... .............,.....1 10
L. 5. Is registered. Ill.,
/ $. 5s coupon. ...-..................lt1 p
Pacific Is of .........................1 03
Government bonds weak.
State bonds dull.
Railroad bonds weak
StOCks.-Net losses ranging from 2
To ) points in the active leaders of spe-
culation, an animated market close of
the days trading at almost the bottom
level of the day and heavy blocks of
securities offered for sale were the
features Of to-day's market and show
ed clearly that recent optimistic expec-
tations that the Cuban imbroglio would
be settled without resort to arms have
been abandoned by operators in secu-
rites. The point of order in the SEN
ate which sent the consideration of the
Cuban resolution over q day rallied the
market slightly, indicating that the re-
cent firmness in prices was based on
the chance that delay action by Con-
sre5s might still give opportunity for
peaceful adjustment Of the trouble
But all reports received from Wash
mgIon were taken to mean that. though
there might be delay, there was little
doubt that the ultimatum action of
Congress would be such as would ne
cessarily constitute casus belli by re-
pudlating Spanish sovereignty in Gu
ba. Reflections on the same convic-
ton cane not only from Washington.
but from all the foreign stock ex-
changes The Spanish 4 per cent bonds
We're without support at any of the
European centers, and the heavy tone
OF Americans reflected the growing be-
lief IN war The early weakness on the
local exchange was due in great part
10 liquidation of foreign account on
american securities. Sales of all the
International stocks for London ac-
count We're more urgent than at any
lme since the Cuban question has been
al issue There was not much added
pressure Of local liquidation in the
early trading, local operators still
ellnging apparently to the belief that
war measures would be successfully
opposed or INSTRUCTED in Congress. 1t
Is not improbable that the large selling
Iof London account was influenced in
some part by the money markets con-
oitlon in London. The open market
rate for call money there has been
raised 10 about the bank rate of per
cent. Berlin discount has also risen to
~ per cent, compared with the bank
ldle OF per cent and money harden
"a appfeclably in Paris to-day. With
can money " the local market re-
spending with rise to per cent. there
Is no dlminuition in the pressure on
foreign eenters for gold to ship to New
n IL Is expectation in Wall street
nat the Bank Of England will raise
us rate OF discount TO per cent should
Wal be declared between the United
.ates and Spain. With large stocks
OF exchange in New York still to be
oIaWn upon, this condition of affairs
might easily have been the impelling
cause Tor London selling of American
securities in an effort to ameliorate the
exchange condition. To-day's move
nltht OF prices compelled revision Of
we opinion held by some observers
.ldl The market had already amply
discounted the event of war. the in
'e'eopments of the day showing that
Vtaslng pressure to sell with the news
'afge volume of liquidation is still
10 oe completed There were some
.,eFy heavy holdings thrown over in
me final dealings and no confident sup
pott was manifest anywhere in the list.
ne bond market displayed an in
c'eaSng pressure of liquidation as the
gay progressed and especially in the
speculative issues, and losses are gen
va throughout. Total sales $780,
United States IS declined 2, the new
- "a and the old As registered and
one rs 4 per cent in the bid price.
otal sales of stocks to-day were
5-5,404 shares.
Quotations closed bid: