Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-12-24

CI6 per cent. per dnH'Hl' tIon'iS ~ W
Prime mercantile paper Ga! per cent.
Sterling exchange. bankers bills, weak at
4794, demand 1857.
SILvER-Bar, 81 II.
Dry goods imports for the week, S2l't'-
6S5.
GovEExMExrs-Steady and Is per cent
lower for Is.
Skies extended. i0t,4
Elves extended
FOur-and-a-hah cOupons.....................ii
FOurS
R,IIRsAD BoNps-MOdcratcly active.
STATE SECURITIES Dull.
STOCHs-SpcCulatiOn opened weak and 4
az per cent lower for the general market
than the closing prices OF yesterday, Rich
nloud and Danville, Memphis and Charles
ton, Pacific Mail and Northwestern pre-
ferred being the most prominant III the
downward movement, while New York
Central advanced per cent. In the early
dealings the general market becoming
unsettled showed no important changes,
cxcept for Northern Pacific preferred,
Immediately recovered per cent, and
Richmond and Danville, which advanced
~ per cent to lGuM. In the early part 81
the afternoon the general market fell oil :
to IA per cent, the latter for Missouri
Pacific. Northern Pacific preferred sold
down from 72II to is =, its lowest point dur
ing the day, making the entire decline .
per cent. In the late dealings the market
advanced steadily to the close, prices sell
ing up y to pa per cent Denver ana ki9
Grande. Louisville and Nashville. and
Kansas and Texas being most conspicuous
in the upward movement From its lowest
point Northern Pacific preferred advanced
IA per cent to Tl7s. and the entire market,
with few exceptions, closed firm. An idea OF
the activity and excitement i'll the market
during the mOrningma be CLEANED from the
fact that up to noon the transactions aggre-
gated nearly 100000 shares. From the re-
port of the COD,tasrciaL BWiietiR The share
speculation was for the most part feyeriSh
and uncertain in tone during the early
part of the day. although there were times
when the stock market was decidedly weak,
rs after the appearance of the statements of
the business OF each of NanderbiltS conf
These statements show that the railroad
war has seriously reduced the net earnings
of even the best of them. These damaging
facts have, however, been known
for long time to insiders oil
these COmpanys ana II explains
why they have been So ready 10 sell them
down on a decline OF ~ To 30 per cent,
which stocks these companies have had
since early last summer. There are now
Indications that these insiders are prepared
10 buy them back if the public choose to
sell Them. Among these indications are
loans from banks and others made on Il
class Of United States bonds held by VAN
dcrbilt. the money being borrowed pre-
>umably to buy these stocks. In fact, one
broker who does little except for Wander
bilt. bought 10000 shares OF Lake Shore;
and there are other signs pointing i'll the
same direction. Aside from this kind Of buy
inr, to-day'S commission houses had more
| orders from outsiders who pay i'll full for
what they buy than they have had on any
| day for many months, and it is evident the
| recent downward movements have Tor the
! first time since its inception struck obSta-
| Giles which may turn the movement to
other directions Chief sellers stocks to-
! day were for weaker class margin holders
and scalpers or room traders for small
| turns. II is said outside orders were
! mostly for substantial properties which
! pay dividends, and that balloon special
| ties" were not wanted at any price, while
! the net result Of fuCtuatiOn in the gen
! eral list was an advance of h@2A
| per cent, with the market closing strong.
! SpccialtieS show decline of 1851 per
! ccnr, and were weak at the close. United
! States bonds were firm throughout the
| only decline having been = per cent Ill Is