Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-03-13
FINANCE mi TRADE.

Mouey Ia1 lie Per Cent.-Governments
Wheat Lower.
NEw YoRK, March l2.-Money market
easy at LOLA per cent, and closing at
per cent. Prime mercantile paper 4H5
per cent. Sterling exchange, bankers bills,
dull and quiet at 1881; demand 486
GovERHxENrs-Dull, quiet and un,
changed.
sOurs and-a-hai extended.--..---------..."~"lll,s
Fous :
Pacific Sizes Of lS9o-"-...... So. . - --..----.."-..lo
STATE SECURITIEs-Quiet and steady;
some issues a shade higher.
RAILROAD BoSDs-Again active and gen
orally higher, business being well dis
1ibuted as indicating a demand for this
class of securities. A portion OF what is
known as the Hallgarten loan. b. x D. 5
per cent. forty year gold bonds, was offered
this morning at l0l!!, and the whole amount
was taken almost at once, bonds selling
briskly later at l per cent. advance on sub
scriptlon price.
SToCKs-The market opened compare
| lively quiet. Spectators show a disposi-
ton to wait for further developments. The
belief is growing that the market should
have a reaction before making further ma
terial advance, and there is also a disposi'
ton to wait for more definite news from
Europe in regard to the trouble between
England and Russia. The War news on
Wall street today was OF a more
pacific character, and operators who
yerterday talked confidently ola decided
| boom in stocks, are to-day advocates of a
moderate reaction, which they say will
tempt outsiders who never trade in stocks
except when they buy, and will also induce
| leading bears to increase their lines Of
! shorts. At the opening this morning prices
were somewhat irregular, but the majority
of the active list showed declines of to J
per cent. and during the morning there
were further fractional declines, when in
many cases the lowest prices Of the day
were made. After a slight rally the market
became steady and so continued till 1t
was reported that the North western Rail
road Company's next Omaha dividend
would not be paid. This was fol-
lowed BY a break in Omaha preferred and a
comparatively active trading to 81! against
81. at the close yesterday, while COMMON
declined II. The greatest sympathy with
this downward movement was shown in
grangers, especially St. Paul. Later state
ments were denied in regard to Omaha divi-
dend upon which Omaha rallied S62, which
was a slight recovery. Other stocks followed
BY renewed weakness, especiallySt. Paul,
which sold down to 73s against 758
last evening, Northwestern sympa-
thiged with the break in st.
Paul, declining lc, and the whole
list finally closed weak and generally within
very small fractions at lowest price of the
day, and from to 2 per cent. lower than
final quotations Yesterday. In the morning
an attack was made upon Missouri Pacific
which dropped from Isl to III, and re.
manned steady near Is the rest Of the day,
closing lower at .l75. 1t comes
from semi. official sources that there is
| talk of Missouri Pacific issuing common
stock, making present Missouri Pacific
stock preferred, and absorbing Missouri,
Kansas 4 Texas by giving one share of
| Missouri Pacific for three shares of Mis-
souri,, Kansas i Texas. 1t is thought this
plan will meet with the approval Of the Mis-.
souri,, Kansas & Texas stockholders, and
quiet the opposition to the present manage
ment. The only active stock showing an
advance is Pacific Mail which is ! higher
at gu, after selling between 6LS and 62s.
Transactions 249, 900 shares.