Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-05-06
and s4s5@4s5a. Commercial bill,
S4.S01s.
Silver certificates '56@57c.
Bar silver 56kc.
Government bonds strong.
State bonds dull.

| I. 5. IS coupons .............110
racine 6s of 50. Observation-Disclosures. LOB
Government bonds strong.
| State bonds dull
| Railroad bonds strong.
+; Stocks Professional operators ali
| turned bulls to-day after a brief per-
| lod of doubt and hesitancy after the
opening of the stock exchange AS a
matter Of fact they were forced into this
position by the unmistakable temper
| of the outside public, manifested by
| their disposition to come into the mar
ket and buy stocks as in large blocks
at the market price. The professional
operators were made somewhat wary
| by the failure of the London market
to show any independent interest in
American securities yesterday while
Wall street was making holiday. The
same elements were apparently rather
suspicious of the advance in London
before the opening here this morning
and were disposed to attribute it to
manipulation from this side. Prices
mere failed to respond at the opening to
the London advance and ruled below
the London parity for a considerable
time. The market was full of outside
| buying orders and business was on a
! large scale, but had a very heavy bur-
den of profit taking sales to carry, and
the small opening gains were in large
part wiped out during the first hour.
! The reaction here failed to impair the
confidence III London, where Americans
continued very active and strong. The
| buying here for arbitrage account was
also on very large scale in all the in
ternational stocks and turned the scale
! to the bull side. Large operators who
had taken profits on Tuesday and this
morning impelled by an apprehension
! that the rise was progressing too fast,
felt renewed confidence on account of
the support accorded by London and
the outside public and turned buyers Of
| stocks again. The market presented
/ all the characteristics Of the rampant
! bull spirit. From this time the general
strength was taken advantage of for
heavy profit taking in special stocks.
At other times when there was a dis
position for business to languish indi-
vidual stocks were pushed vigorously
upward for the purpose of sustaining
the general market. Traders We're busy
seeking out obscure stocks which had
not yet felt the renewed impetus to
er level of the last few days The large
number of small lots of standard divi-
dend paying stocks was also conspic-
uous feature of the trading arguing the
! reawakened confidence of the investing
public and the greater ease in the mon
ely market where the rates are no long
er so inviting for the employment of
ready cash. Rock Island was the CEN
af init i,,t ha iet
on account of it's excellent traffic state
ment for April, and was lifted 314
points to a parity with st. Paul. Sugar
was furiously active and very volatile
all day, covering an extreme range Of
Az points, and gaining 33s points net
Manhattan, West Chicago Street Rail-
way and Consolidated Gas are over
points higher. The large majority of
stocks traded in are at least point
higher and net gains range from that
up to points. There was no special
development on the situation to account
for the buoyancy Of the market beyond
the general conviction that SPANS ca
pacity to carry on the war is nearly
exhausted and that the danger OF any
serious impairment Of this countrys
prosperity by reason of the struggle is
L,
also, as to the ability of the money
market to easily meet all requirements
Of the government for the war ex-
penses Lenders of money were conse-
quently not so stiff in their require
ments and conditions were easier A
large number of traffic returns gave
force to the general confidence in the
strength of the business situation. The
renewal Of gold imports also tended to
the same end.
The bond market shared the activity
and strength of the stock market and
shows higher prices all around. Total
sales $2,525. COO.
United States new As registered adj
vanced u do. coupons % in the bid
price. Others were unchanged
The total sales of stocks to-day were
5l5, 500 shares.
Quotations closed bid:
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