Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-17
FINANCE AND TRADE.

New York, March 16,-Evening
Posts London financial cablegram:
There was a general improvement
in the stock markets here to-day,
mainly due to the bears scrambling
in There was little fresh buying.
THE feature was the sharp rise in
spanish As, Americans and Canadian
stocks, Americans being benefited by
the impression that Spain and the
United States would do their utmost
to settle matters on diplomatic lines.
The market was favorably affected by
hopeful views of a speedy termination
of the Canadian Pacific rate war. The
close was a trifie better.
New York, March 16.-Money on call
steady actual transactions at 1hO2h
per cent. last loan ? per cent.
Prime mercantile paper 1905 per
cent
Sterling exchange steady, with actual
business in bankers bills at S4S3b0
1885 for demand, and $4S0A for so
days.
Posted rates s4S11a@4S9 and S4.S4A
G4S512.
Commercial bills s4791z@479&.
Silver certificates 551a@Ac.
Bar silver 5515a.
I Ssnew As. registered -. .123
Do Coupons...... .+-... -.-.. ........l23
l. 5. 49,. ~. l104
Do 2ds...... ...... -. -. -. ......... 96l2
L S. IS Registered. ...... .......111le
Do. IS COUPON. ......nll2
Mexican dollars 45c
Government bonds strong.
Stocks-The early strength in to-
days stock market was repetition
Of yesterdays movement, but prices re-
sisted the late pressure for a decline,
and as a consequence show substantial
net gains all through the list The
bulls had the advantages also OF higher
prices on the London exchange, and
although prices Immediately rose
buoyantly above the London parity
there was conspicuous buying for Lon
don as late as business was done in
the British capitol.
The London buying was certainly
due to d feeling at that centre that
there is a more promising prospect as
to affairs between the United States
and Spain. This feeling was shown
also in a quite buoyant tone for the
Spanish As, which rose IA in London
and p in Paris. Ihere was IN
doubtedly a prevailing feeling in New
York also that the outlook was more
peaceful, and such of the days de-
yel0pments as had a more threatening
aspect were ignored Either the Span
ish governments semi-official an
nouncement of its opinion on the main
tenance by the United States of the
feet in Florida waters or the news that
Official attention had been called to this
opinion by the Spanish government,
would have been sufficient to demon
alze the market a week ago. But the
underlying conviction in Wall street
IS that the authorities at Washington
have come TO indulge a hope Of peace
full settlement. The continued prepa-
rations for defense and such incidents
as those of to-day do not wholly dis
sipate this conviction. Nevertheless,
operations are not on a large scale,
pending a definite decision Of the Gu
ban problem. The supply OF stocks
was not large to-day and prices moved
easily upwards without any heavy
transactions A part Of the buying
was attributed to large bull interests,
but much of it was also supposed to
be the covering of the short selling
which caused the late decline yester-
day. The bears were apparently
averse to renewing their attempt to-
day and the high level operations was
not seriously impaired The hope of
a successful adjustment Of the traffic
rate controversy in the northwest was
quite an important factor in the adj
vance here and in London for Ameri-
cans. The local and industrial spe-
cialties led to-day's advance, but the
grangerS, northwest and international
stocks in the railway list were also
conspicuously strong. Heavy addition
a. engagements Of gold for import were
made to-day without effecting the
steadiness of the exchange market be-
low the gold import point The total
gold movement from Europe on this
movement has now reached $4,000
600, and it shows no sign of subsid-
ing in spite of the growing tightness
Of money in London and in European
centres.
The accumulated stocks of exchange
are supposed to have been somewhat
reduced. but there is undoubtedly
large supply still remaining and the
continued heavy outward movement of
merchandise is constantly bringing new
bills into the market, which are sold
against old imports as fast as they
come forward
Bonds were strong throughout in
sympathy with stocks. Total sales, ST.
$4,000.
Z. S. new As, SIS, old As coupon each
advanced u bid
The total sales of stocks to-day
We're 372 900 shares.
Quotations closed bid:
. -tHsoN $500. -..... e. -. - ..'- -
=, no preferred -. ,..... ...... Z29s
baltimore and Ohio ....... ......,.-.... !,
dnaqa Paeltc...... ...-.- ....-. .--'.. %
tHdld SOOtnern...... ...-...-..-. tIi4
tHlIdi ftaClltc-..-... ....-...-.. .'.-'....l ~
chesapeake and Ohio...... 49,. ...., lgls
Chicago and Atom. ...... ........ .l4ll2
1h.cago, Burlington and Quincy. ~
Delaware and Hudson. -. 49, 80. 1898
Delaware Tar wa Western laD