Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-25
FINANCE and TRADE.

lNInilOL hIlD lnnUL.
New York, March 24-The Evening
Posts London financial cablegram
says:
The stock market here remained dull
to-day with increased difficulty in eff
fecting sales of ali but the best stocks.
In Americans dealers frequently de-
clined to make prices. Spanish As
were sold heavily from Paris. At one
time they fell to 521a. but they closed
al 53ls on a general recovery OF Paris
specialties due to unconfirmed market
reports that Spain was seeking the aid
Of Great Britain as an intermediary
in the Cuban matter.
Americans after improving on New
York support, closed fiat in the street.
OF the S,000,0 600 pounds of the China
loan offered in this country, only 2,000,-
000 pounds was applied for. This is
an additional cause for the depression
in speculation, enormous blocks being
left on the underwriters hands.
French exchange is $3.50 The rise
is due TO purchases of stock here, but
the exchange is not sufficiently high
10 give much profit on gold shipments
from France to New York. Hence the
tendency to shift the gold drain to
London. Japanese yen to arrive next
week. have been bought up for New
York at 76s sgd Details of the gold
movement for the week show the re-
ceipt of 74.000 pounds from Australia
and of go 600 pounds from Austria, and
the export of 10000 pounds to Java
and of $4,000 pounds to South Amer
ica.
New York, March 24-Money on call
easy at 11a@1% per cent; last loan
liz per cent.
Prime mercantile paper 41a@5h per
cent
Sterling exchange irregular at s4.S3A
@4S4 for demand, and S4.S07s @4S1 for
sixty days. Posted rates $4.S2@4.S21a
and 4.S5@4S512. Commercial bills
$4.S012 @4.S0a4.
Silver certificates 555s Q56A.
Bar silver sec.
Mexican dollars 45c.
L. S. new As registered. l 1873
L. S. new Is coupon. ...,.......--.-... LIZA
L. S. IS registered. ............-...--....iV Sf2
\. S. IS coupon......,.....-....-. ILL a.
t. s IS registered ..................,...ll o&
Pacific IS of .......-.........'....'.-'l w
Government bonds weak.
State bonds dull.
Railroad bonds heavy.
StGcks-The stock market to-day was
alternately feverish and stagnant, clos
ing at the lowest with the losses con-
fined to fractions in the railways, but
ranging from / to points elsewhere.
The local securities, including Metro
politan Street Railway. Manhattan and
Consolidated Gas and Sugar and the
Changers were the features. The
Cuban situation was the all-important
factor to-day, as it has been for long
time in the markets fluctuations.
Prices rallied sharply at the opening
on the assumption that there would be
more delay in dealing with the Cuban
question. London, after an easier
opening, closed better, but the sales
from that quarter were largely in ex-
cess of yesterdays purchases. The
change Of attitude of foreign finances
toward American securities was used
bv the bears to hammer the interna
tional shares at frequent intervals.
The pressure against St. Paul, New
York Central, Louisville and Union
Pacific preferred resulted in recessions
of over a point as compared with the
high prices established in recent trad
ing. The weakness of Spanish tours
abroad did not escape attention, as
it was coupled with the announcement
that the Spanish torpedo fotilla was
proceeding westward. Washington
selling emphasized the local specula-
tors Interpretation of the activity in
! the Navy Department and the declara-
ton in the Senate by a recent observer
of the conditions in Cuba that the
horrors were impossible of eXaggera-
ton and called for intervention, was
not without effect These things taken
collectively checked the momentary
bidding up of prices which followed the
Senates determination to adjourn until
Monday. Covering of shorts from
time to time hardened the markets
tone, but this in each instance failed
10 last. The selling movement in the
final hour brought about the lowest
level Of the day. There was engaged
to-day for import one-third Of a mil
lion in gold The gold imports would
have been much larger recently, it was
said, but for the purchase here OF
round amounts of seventy~day bills OF
exchange.
The bond market showed extreme
dulness but a tendency was evident
toward a lower level. The aggregate
transactions were $9S6,000.
Government bonds shared in the gen
eral depression of the security markets
with quotations for the active issues
showing losses in bid prices OF a per
cent. EXCEPT in the As reg. OF 190I
which lost Il per cent.
The total sales of stocks to-day were
S23,500 shares.
Quotations closed bid:
Alchison 5 5952
40 pref $500 a8
haiumore anG Ohio .................'-'. -
central Pacitlc ACKNOWLEDGEMENTS. -
chesapeake and Ohio ................... LIZ
Chicago. Burlington and Quincy. Sies
delaware and Hudson ....:.:....,.....luo
Delaware, LackaWanna and Western.142
5-LnolS Central OBSERVATION-DISCLOSURES !ta2
louisville and Nashville ........-... 42s,
y Manhattan l.. Observation-Disclosures g54s
SMahigan Central ...................-...lee LUZ
StSSouri Pacific ACKNOWLEDGEMENTS zSSs
NeW Jersey Central .....-........-..-..- S9st
,N&W 0rk Central ....-...--..-........-. lvDSi
Northern Pacific Observation-Disclosures. IV12
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