The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-16

| Notwithstanding q nmnller volume OF
business to-day, There was ut least one
period Of general reaction during the
day but IL was Of short duration. and
declines reached small proportions.
There was also profit taking In asfew spe-
ciai stocks, which did not affect the gem
eral list TO a noticeable extent. Ameri-
can securities, continued TO be favorlte5
on the London stock exchange. where
prices OF Americans were marked up
with n distinctly confident tone before
the opening here, and London continued
a buyer here ven after prices had nd
yanced TO tho London parity. Much
stress was laid on this ns Indicating q
definite change In the attitude OF the
British Investing public toward Ameri.
can securities. They were persistent
sellers of Americans during all OF last
summer and during the subsequent
rise, which has been almost continuous
since November. They are now buying
American stocks at prices many points
above where they sold. This buying Is
regarded as the more significant on ac-
count OF the higher rates OF money In
London as compared with New York
and the heavy balance OF exchange still
known TO be, outstanding In favor OF this
country. In Paris. Spanish tours de-
clined on fears OF strained relations be-
tween the United States and Spain, and
American securities declined on some OF
the continental exchanges; but London
needed none OF these considerations and
continued buying at advancing prices.
Foreign exchange begins to reflect this
buying. and demand sterling to-day de-
clincd u and cable transfers the same
amount. Metropolitan Street Railway
showed a continuance OF yesterdays
weakness after an early period OF
strength, and dropped four points. II
subsequently rallied but closed the day
with n sharp loss. Other local securi-
ties were strong. Minneapolis Iron was
ruled below last nights price. There
were a few losses shown by less %conspic-
uous stocks, but the general level OF
prices Mt the close was very materially
higher. The Minneapolis G st. Louis
stocks were strong on reports of q cir
cular issued 10 stockholders asking an
option on the stock with q View to n
purchase OF control. New Jersey Gem
tral was benefited by rumors that con-
nccted II with a trunk line working
agreement. Kansas & Texas preferred
showed n sharp recovery from yester-
days loss. In the active list net gains
of between l and 2 points for the day
were frequent.
Tho strength and activity In bonds In
creased as the day passed. Business In
to-day's Pacific seconds was large, In
dIvldual transaction in heavy blocks at
an advance Of a point. Total sales 81
36O.0
U. s.. old registered, The news IS reg
istered and the IS were X higher bid
and the new As coupon 4 higher.
The total sales OF stocks to-day were
81. 700 shares.
Evening Posts London financial ca
blcgram:
All the stock markets here were DOM
mated to-day by politics, Americans by
Cuban affairs and other markets by the
general outlook Americans opened
over the parity, gave way, rallied on re-
ports that Spain had Issued an apollo
getlc letter. relapsed In the absence Of
the confirmation OF the report and final
ly closed rather firm on New York sup
port.