Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-26
FINANCE lind TRADE.

New York, March 25.-Evening
Posts London financial cablegram:
The stock markets here opened fiat
to-day on the London Times cables
concerning the Chinese concessions to
Russia, improved later on NJ. Hona-
+aux's assurance to the Paris Figaro
that the relations Of France with all
cations are cordial, and finally closed
+at again. The nervous feeling is in
rreasing as the settlement approaches.
Americans, after partial rally,
closed fiat. There was further fall in
south American government and rail-
Had stocks on forced selling. There
was a sharp fall in Spanish tours,
which closed only fraction above the
lowest. Spanish exchange on London
Vas demoralized and quite nominal.
New York, March 25.-Money on call
steady at 1902 per cent; last loan ?
per cent ,,
cent
Sterling exchange weak, with actual
business in bankers bills at S4.S3R@
4E3sl for demand and at S4S0H@4.S1
for sixty days.
~ posted rates s4S1h@4S21a and
s4S4t2@4S515,
Commercial bills s4.S0A.
silver certificates 553sQ56c.
Bar silver 55c.
Mexican dollars 44Ac.
I s new As registered. 1883
T. ( new As coupon. ...s............-.. INA
n s. IS registered. .--....-......-.,.....lV
L. s. IS upon.................. lily
L. S 2s.......-....: ..-.-.-.....-........-. ae
f. s. IS registered. .llCi2
II s Is coupon. .-..-............-. lug
Faciic IS Of OBSERVATION-DISCLOSURES. no
Government bonds weak.
State bonds quiet.
Railroad bonds weak.
Satisfactorily closing prices were
+he lowest in most cases since the
Cuban question became a dominant
factor in the situation. Twenty active
shares averaged lower than at any
lime this year, and government new rs
coupon were down to f1SA bid. Ia.is
was on the assumption that new issues
we're possible if expenditures for war
nurposes continued long. Before the
bartleship Maine was blown up they
were quoted above 12S. 1t was freely
predicted that the Maine report would
be extremely unfavorable. Inc mar
ket opened with quotations slightly
above Yesterdays final figures. Inc
hears. however. were determined to
bring about a substantially lower level
and hammered many of the leading
stocks vigorously in an endeavor to
nrecipitate liquidation. The local
Transportation shares and sugar were
!. L. int Of oftarl-
and extreme weakness in these special
ties was soon communicated else
where. Numerous stop loss orders
we're executed and the market for
time took on a very animated appear
ance. with losses ranging between l
end 3 per cent during the first half
Sour's operations. Purchases for
London account and an effort on the
rart Of some traders to rally prices
gave steadier tone which, however,
was accompanied by extreme stagna-
ton. AS the day progressed the mar
lzet dipped frequently, but there was
an absence Of feature in the general
speculation until the final hour, when
extensive LIQUIDATION set in, which de-
pressed the bulk of the high priced
specialties to the lowest figures OF the
day. The efforts CT the bears to de-
press prices were aided by judiciously
distributed tips that there would be an
attack on the list in late trading.
Washington houses were sellers, and
it was inferred that they might have
some intimaticn of the nature OF the
Maine report The local specialties
we're conspicuously weak, Third Ave-
There
published story that a scrip dividend CT
100 per cent was in contemplation In
order to increase the cOmpany's stock
capitalization sufficiently to permit the
lawful issue of new bonds in payment
for recently acquired lines. Metropoli-
ian street railway lost Az, Manhattan
22s and Consolidated Gas 55s. Sugar
was down 31s, partly on the fear or
the proximity Of increased competi-
tion in the trade. The steady decline
in this stock tended to color recent
reports that inside support had been
withdrawn for the time being. The
break in Northern Pacific preferred OF
IL. accompanied, as it was, by weak
ness in Canadian Pacifics, was taken
TO indicate something unfayorable IN
regard to the rate war. New York
Central and the Changers showed little
resistance to attack. There was fur
ther engagement for import of a mod
crate amount Of gold, making the total
Of the present movement, including
that from Australia, nearly S35,000,oVO.
The foreign exchange market exhibited
heaviness to-day, and some concessions
We're noticed in rates, posted figures IN
one instance being lowered 12c. Ihls
incident is regarded in a measure as
presaging a further influx OF gold.
Quotations for railway mortgages
continued to sag on light offerings,
which for the most part consisted OF
II. L. 1inrc Il4