Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-21

FINANCE IND TRADE.
New York. April 20-Evening Posts
London financial cablegram:
The features of the stock market
here to-day were the fairness in foreign
stocks, the Paris bourse being utterly
demoralized by the continued fall IN
Spanish As, which closed at the lowest,
a. The weakness in consols caused
the notion of rise in the Bank of
! England rate tomorrow, and on this
belief discount houses declined to work
and all such business was done at the
bank itself, which had the effect OF
making loan rates easier.
Americans were almost unstable,
but there as no great pressure to sell
and a bear position at least in St Paul
and Louisville now undoubtedly ex-
lists. The manner in which New York
absorbs stocks is much maryelled at.
The markets here are now thoroughly
close-reefed and prepared for war, but
the Paris bourse will feel the blow
severely. AS irstancing how The mar
ket here is now looking ahead, It is
common talk that war means the final
defeat of the silver party in the
United States.
-
80 piii %, o'''
s'ea"S "' -@' PEI cent 4"st ioan per
49,
mn P'p'i, '723O per oea'
'li'9 va ao,,>t az ',''i
S co.,, 90 o.
'I D 60 ''' - ~ ~ "
80" 80 - e. % ''-a' -
| go. 80 ~ -ee.,<
| 800, ~
= 2 new y TegIstered' .-.....'..iI liza uIlo
| T. S. As registered ,i67 -@los
Y. S. Is coupons. .................10S G109
-as 80 ,3 90
L. S, IS coupons. ii0la6i1l1i5
Pacific 6s of Observation-Disclosures. 103l2
Government bonds strong.
State bonds dull.
Railroad bonds weak
Stocks-The New York stock ex-
change market offered firm resistance
all day to the depression which was re-
Elected upon it from every other ex-
. change in the world, its declines at no
time reaching more than fraction over
a point for the active stocks. In the
final hour after trading on the foreign
bourses had been suspended for the day
there was a lively movement to buy
developed on the New York exchange
which wiped out practically all the
earlier losses and lifted the level of
prices sharply above that of last night.
The final recovery was brought about
by the dissemination OF a rulnor that
the period allowed Spain for a reply to
the ultimatum had been extended TO
Monday with a chance that a settle
ment would be effected before that
time. There were some evidences of
manipuIation for the purpose of making
last prices show striking gains. For
instance Burling sold at 90% and on
the next and last sale jumped to 911a.
A broad view of the financial world
shows that New York was less affected
nv the crisis than any other financial
- - -
ceHtIe- Al no tlihe were piioeo uo-
pressed to the London parity. AS con-
sequence there was large arbtrage SELL
49, s s.t;a,,a1 $3.50 ~
ms mere VI inter hdtlohdi stocho, ny"
Y Ork prices showing fair profit over
London quotations. The depression in
1
London ana on continental pourses
! was more due to the panic in Spanish
| Is than IN anv othar ono CAUSE These
;.: -, % oa<
securities leu IA III Lonuon anu "a
| in Paris on forced liquidation due to
| financial difficulties in France and
Ct; u-t.. 1.: - -
! spain w nateVef depression mere was
| on the New York exchange seemed to
| ne due tn symnatbv with the deDres-
- y, foo;al,i ~, VII
SUN III loieisn lhdIheta. NC" III
| absorbed the offerings OF its own secur-
| tics for foreign account at nriceS above
| - - ;I; - ,1,,I "a +ho,.o NO.,
| lnose pIeNdiiiliS aoloau aiiu .ioie was
| no heavy liquidation Tor local account.
IT is m he observed that American Sc
~ =, ~ go g. ~ -, -,
curllleS nave Aeiu ialIis s1eaus ds coli
| pared with the marked weakness OF
| Snanish securjties 1t is also to be oh
49, 49, -,,ool-rosc in foroion r,or
kets is due in part to the dearness of
money and this in turn is caused by the
49, - III -, ,oi, foroo +bo 80
-, ,,,o,o,, ,,,arlxat
icdh Iiohes main 80,
The lnlted states y sun d heaNy cred
itor TO the worc and the continued draw
ing III OF these cttutts, WhAe serving u
fortify the financai 1aoric az nome Is
FACTOR IN the weakness o. iortlSm mar