Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-16
Mexican dollars 45c.


Government bonds strong.
State bonds dull
Railroad bonds strong.
Stocks-The movement of stock
prices to-day was confused and the
market very puzzling. Decidedly low
er quotations for Americans in Lon
don caused an unsettled tone at the
opening. Prices partly responded to
the London initiative, but did not fall
fully to the London parity. A furious
buying movement quickly developed
which lifted the level of the whole
market strongly above last nights
close. The buying was most conspicu
GUS in the local and industrial special
ties but there was no lack of strength
in the railway list either, the demand
for the Changers being especially
heavy. Heavy realizing met the adj
vances wiped out a large part of it
before the first hour had expired. This
was the most active period of the days
trading. There then ensued a slow
and laborious recovery which develop
ed higher prices than the first squirt.
And yet this second advance also was
wiped out in practically all cases eX-
cept some of the specialties, and the
day shows net losses in most Of the
standard stocks extending to a point
or over in some cases. Thus almost
the extreme range of the market was
traversed four times during the day
There was very little in the news to
explain these conflicting movements.
Wall street opinion of the political
outlook was on the surface less appre-
henslve. The movement of Spanish is
In London and Paris, which partly re-
covered after an early decline, reflect
ed a growth of similar opinion there.
But this was probably derived in part
from the strength of the New York
market yesterday morning. London
sold freely here on the morning ad-
vances there was heavy realizing be-
sides, attributed to very powerful local
market interests. The character of
this realizing summed up that the mar
ket might have been manipulated, but
the usual procedure for such a man
oeuyre by a powerful combination is
10 bid up the prices of Americans in
London by cable orders. the supply of
stocks being limited there and results
more easily attained. But London
prices were lower this morning. The
carly duNdHCe was materially HeipSu
by the aggressive strength of the local
traction stocks on account of the be-
lief in antogonism to rapid transit
plans in influential quarters. Metro
politan Street Railway was at one time
up points and Manhattan 3A. A
number of the industrial stocks also
rose over 2 points, and number of
the railroad stocks at one time showed
net advance of over point. The
retrograde movement of prices seem
ed to be as disassociated from any
news of the day as were the advances.
Realizing of profits offers the only eX-
PLANTATION. Prices for foreign exchange
moved to lower level to-day in spite
Of additional engagements OF gold Tor
import. Actual rates for demand ster-
ling declined Il, and the actual rate
for sixty day bills as well as the posted
rates for both long and short sterling
fell lac. Besides the engagements or
gold for import from Europe to New
York a shipment of s2,0000O0 was an
nounced from Australia to San Fran
cisco There was no easing OF the
local money rate in response to these
movements.
The bond market was strong up to
the closing, when prices eased on In
sympathy with stocks. Total sales
$219O,O00.
United States new As advanced IA
and the IS u, and the old As registered
4 bid.