Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-05-07

Z. $. IS registered ..........l l0l4Gllll
Z. >. os coupons ...-..-.........-. .ii9,44AiA
racine Us of 20. ................-..iVJil
Government bonds strong.
State bonds dull.
Railroad bonds irregular.
Stocks.-There were striking ele-
ments of strength in to-days stock
market. notwithstanding the fact that
most of the days changes are on the
side Of losses. The bull sentiment has
several severe drawbacks to contend
with, and the selling pressure on the
market was at times very heavy.
Again and again the buying demand
was sufficient to overcome all obstacles
and to absorb all offerings, carrying
prices upward On a large volume OF
business. 1t was not until the final
hour that the market finally succumbed
TO the burden Of liquidation and yield
ed practically all earlier gains and es-
tablisEed losses ranging up to per
CO II i'll some specialtles. Al evlCan
stocks were heavy in London before
the opening here in sympathy with a
general depression in that market Al
though prices of international stocks
had declined to in some cases nearly a
point below last nights closing, there
was sufficient demand here at the OPEN
ing TO overcome the greater part OF
London's declines. By establishing a
range Of prices here above the London
parity arbitrage selling was made pro-
fitable and inviting. The selling for
London account was the heaviest for
many weeks and was estimated at &C.
0o0 shares at least. The dragging ten
dancy Of this selling was easily percsp-
tible in the international stocks during
the morning But the balance of the
list showed an inclination to forge
ahead on its own account. Rock ISL
and, Omaha, Northwest, New York
Central and the Southwestern stocks
were cCnspicuously Strong, the latter
on the excellent prospects for the win
ter wheat crop in the southwest.
The international stocks themselves
were pretty we'll sustained, the foreign
Offering being largely absorbed. Some
OF the specialties were ccnspicuously
Strong, notably Tobacco. The market
showed tendency Gil quite late in the
day after the London offerings had been
absorbed to rally strongly on a report
that cable communications had been es-
tablished with Manila and Commodore
Dewey
The capture OF the steamer Lafayette
under the French flag assumed growing
Importance in the eyes of traders dur
ing the last hour and induced selling
to realize, and the putting out OF shorts
by the bears which carried prices to
the lowest CT the day at Il 2 close. when
the selling movement was sill actively
in force The resumption of the gold
import movement has been cited as a
bull argument, but the Withdrawals Of
gold from London and Europe have re-
suited in a renewal of stringent money
conditions there. This in turn has
weakened tbs speculative market and
has induced large selling Of Americans
because Of the gold market for them
existing here and more particularly the
purpose Of relieving the demand for
exchange The indications were that
the New York market would have sue
cessfully absorbed these offerings had
it not been for the development Of the
Lafayette episode, which caused some
timidity amongst buyers.
The bond market showed the effect
Oh selling for London account in some
Of the speculative issues, as did the
stock market. Otherwise the tone was
strong and prices are generally higher.
Total sales 81, 10000. United States
new is registered ard the old is cou
pom advanced u and the new coupon,
the old As registered and the IS Il per
cent in the bid price. There was sales
of the old As registered at an advances
CT 1a4 over the last sale.
The total sales CT stocks to-day were
10000 shares.
Quotations closed bid: