Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-08
FINANCE AND TRADE.

hest, Ut IISV III tut Dduh Ol ElS-
land rate is fully justified by the fig
ures of the weekly return
New York, April money on call
steady at 202A per cent; last loan 2
per cent.
cent
Sterling exchange steady with ac-
iual business in bankers bills at
s4S3403S31a for demand and $4.SOA
for sixty days.
Posted rates $4.S012@4S11a end
s4S4G4S41a.
Commercial bills, $3.50.
Silver certificates, 56057c.
Bar silver 55Ac.
Mexican dollars, 45c.
L S. new Is registered 121is
|. ;. new As coupons ..................122
l. 5. is registered. ACKNOWLEDGEMENTS 100
L. 5. IS coupons. ......... l10I.
I. ). as. Observation-Disclosures. az
7 5. 5s registered. Observation-Disclosures. 1lIs4
T. S IS coupons. Observation-Disclosures. Ills.
Pacific IS of %. l03
Government bonds dull.
Railroad bonds firm.
State bonds dull
Stocks-The conviction is evidently
unaltered in Wall street that the DELAY
in presenting the Presidents message
to Congress adds to the possibilities
Of a peaceful solution Of the Cuban
question. The market closed a shade
lower to-day in the average price. In
diYidual losses were in almost all
cases confined to fractions and there
is fair sprinllling of gains among
leading stocks. Only small proper
ton of the sharp advance which came
with yesterdays news that the mes
sage was to be delayed until Monday
was wiped out. The professional bears
showed no disposition to renew their
contracts. Neither was there any sign
Of Liquidation of long holdings. The
only buying demand was caused by
some slight covering of shorts and
very limited amount OF commission
house buying. The result was an al
most stagnant market. There was no
Development of the day which awak-
ened it from its lethargic condition.
That this dullness is due to an atti-
tude of waiting was evident from the
subsequent activity when it became
known yesterday that the Presidents
message was delayed and when it sup
posed that the delay indicated prob
able concessions by the Madrid gov
eminent. The public impression in
Wall street is that the undertone of
firDness in the market is due to some
hidden motive generally supposed to
he the expectation that Spain will
yield to pressure from the European
aDh will
concede the demands of the United
States. To-dav's small losses in face
Of the generally threatening aspect Of
the situation could not only be ex-
planned on the hypothesis that a peace
full solution is still hoped for. There
are. however. demonstrations in yes
terday's late bulge that large offerings
to realize are brought out by any sharp
advance in prices. Professional opera
tors on either side are warily watching
for the definite development Of the
situation. 1t is thought possible that
the foundation usually incident to a
war scare is waiting for the expected
heavy demand from the large short
interest which undoubtedly exists in
me market. This short interest is
waiting for an actual declaration rs
war TO cover. On the other h:.id
there are those who hold that actual
war has already been sufficiently dis
counted and that the firmness in the
market is due to this cause.
The situation in the money market
Is felt TO be one fortified against even
severe shock. Bank reserves all
over the country have been greatly
strengthened. The cid reserve both of
the government and of the New York
banks is large, unprecedentedly so in
the case of the latter. and it is con-
stantly growing. A large proportion
of The payments at the custom house
are made in gold and the clearing
house balances are in great part set
fled in the same metal There is no
immediate prospect of international
exchanges turning against the united
States. and until this occurs there VIII
be gold imports to replenish the money
market. To-day's advance in the Bank
Of England rate did not check the
engagements of gold. but served TO
Shift the demand somewhat from Lon
don to Berlin. The rise in money IN
London resulted in a rise in the Ber-
lin and Paris rate Of exchange on Lon
don
The bond market was almost wholly
neglected. but prices were firm. Total
sales S1,050, 600.
T. s. new As advanced l per cent,
the old As registered Y and the IS
Il per cent. in the bid price to-day,
and the rs declined IL per cent. There
We're sales of the new is coupon at
12215, an advance of q over yester-
days sale price To-day's last price
was 122.
The total sales of stocks to-day were
$500 shares.
Quotations closed bid:
AIeAison $685.. ............... ..'... J! as 3
10 preferred ..-........ ...-.......-'... 80
baltimore and Ohio ...........-...-.... W.
auada Paclhc ...-.... ......'''..r.'''' -
shtial Pacific. OBSERVATION-DISCLOSURES Ia,
Nhcsapeake and Ohio ...............'...,l rs
Dneago and Alton ........- ....... - IL.
Jhcago. Burlington and Quincy. US
Unaware and Hudson ........:... .-..-iuo
delaware, Lackawanna and Western. IN
Fort Wayne ......... ...................l6S
Lake Erie and Western .........-...''.- a tn'4
70 preferred ........ .-...-.-.'.'-....'., %
-. Snore ...:... ..:;;, .''.''.'-'''
louisville and Nashville ....... .......- D
~ ihhattan /. ...-.-. ..;......'......' ~.
N!eiropolitan Street Railway.........li
Hchigan Central .--.....-- M se5,
,,dlSSpuri Pacific .......-.-.---. @'fs