The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-03-28

lady selected as a new basis of opera
lions, by the bears and values speedily
succumbed to n more pronounced lower
place, The attitude OF foreign operators
wasi regarded with considerable interest,
and quotations from London from day
to day were eagerly scanned as indica-
tive OF sentiment In the leading foreign
financial centres, The unwieldly nature
OF the short interest forced the, leading
active interests 10 move prices uP
; sharply occasionally in order to shake
on an undesirable following. The rank
ana file OF the, street watched the opera
tors usually employed by Washington
interests very narrowly and were ready
TO swing from side TO side ae soon as
they detected the source and nature Of
transactions. The leading commission
houses were persistent sellers and their
constant liquidation dampened bullish
enthusiasm, which. generally speaking,
was at a low ebb. The bears tested the
market frequently and where evidence
OF support was lacking a stock was Wig
orously assalled. The grave aspect OF
the European situation. which gave
promise of serious complications, and
the reluctance of the Substantial inter-
ests 10 bolster the market,untll matters
assumed a more cheerful aspect, lnten-
slned the air OF depression which per-
meated the security markets. News
having general bearing on financial
affairs was more plentiful as the week
progressed, but the preponderance OF the
developments only served to augment
the early distressing factors. The fire.
quent dissemination In the street Of
Washington advices intlmtalng the
character and scope OF the board of In
Quiry's statement on the Maine disaster
was used as a pretext to sway the mar
ket although these dispatches were
purely conjectural. The dramatic speech
making In the senate. describing the
horrors of the conditions In Cuba and
the earnest appeals for intervention by
the United States combined with the an
nouncemcrt that the Spanish torpedo
fleet had left the Canary islands, enroute
for Porto Rico, made the climax Of the
mid-week's developments. These con-
siderations were supplemented by the
Semi-ofticial statement as to the Maine
calamity. which afforded the bears an
opportunity to make demonstration
against the market on Saturdays OPEN
Ing. The subsequent dealings showed
flrmness owing to the concentrated sup
port accorded the list by powerful inter-
es.s The unfavorable factors enumer-
ated outwelghed numerous healthful In
nuences consisting OF railroad state
ments, favorable monetary outlook. en-
couraging trade advlces and the gold In
f,ux which now aggregates sS5.0O0.000. /,
The bond market suffered In common
with the stock market, but the conccs-
sions were less pronounced, and business
was largely curtailed. GET
Government bonds also exhibited cS-
IRENE weakness with the losses extend
ing 10 4 points in the new As.
Evening Posts London financial ca
blegram:
The stock markets here remained
heavy and depressed to-day on the eve
of settlement. when big differences are
again to be met. The tone OF the London
Times leaders on eastern politics in gem
orally deprecated in the city where the
Pacific view Is generally taken. Con-
soils were fat as also all the speculative
markets.
There was sharp drop of points In
Spanish As. The Cuban situation is still
regarded more ipeSsimlstically than. the
conditions In any other quarter.
Politics to-day even affected the money
markets where the possibility that war
between the United States and Spain
would accelerate gold movements from
here to New York. Is not lost sight Of.
To-day 125,OO0 pounds In American gold
coin was sold by the bank of England.
and over 100000 pounds from the Cape
was also brought up for New York.
Americans, after a severe fall In the
Strnety IN an unconfirmed rumor that
war had been declared by Spain. recov-
cred dollar on New York support.
War risks at Lloyds are saidJto be still
rising. but cannot, learn the actual
quotation.