Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-12-09
GovrRyNryrs-Dru but firm

L . .
Fours-and-a-half, Coupons. .l03
Pacific Skies of '95. ............l0 9
STArEs-Dull but firm.
RAILRoAps-MOre active; sales, $, dr.
000
New YORK, December S.-The stock
market to-day was again active and irrcgu-
lar, but on the whole weak, and while the
movements show no uniformity, the ma
jOrity of the final changes are losses. The
market, however, was decidedly strong at
both ends of the day and the temper was
such as to show that with any real induce
ments TO buy, coupled with reasonable
assurance that the money to carry them
will be forthcoming, there would be
good and extensive demand for all
good stocks. The offer of the Secretary
of the Treasury to take S500O,000 of the
four per cents was most influential factor
in the situation this morning. The hint
that the $1,000 900 of fractional currency
might be made available also had decid-
edly good effect London prices were
higher and altogether the outlook was far
different from that of Saturday afternoon,
and there was 4 rush to cover shorts in
early dealings which sent prices up
TO 30 per cent, with Rock Island,
Missouri Pacific and the Changers
leading. The prospective relief of
the monetary situation, however,
was of no immediate avail, and money on
call became very dear, finally reaching a
premium of 4 per cent per day for use, in
addition to the legal interest. At the prices
also there appeared dispersion to liquidate
long accounts, and the bears Immediately
became aggressive, and hammered the list
all along the line. The losses from the high
est figures extended to 81 per cent. in
Missouri Pacific. The downward move
ment was accelerated by the announcement
of the failure of Il large hat house
I'D town, while the old rumors about a
cabinet officer being in financial straits was
rehashed and made to do duty again. The
fear of the continued announcement OF fail
ures in the mercantile community has be-
come one of the great restraining forces IN
the stock market and every fresh one serves
for the time to depress stocks in general.
The tightness in the money market
passed away toward delivery hour
and it became known that Sl,000,000
gold had been ordered from London, which
set the shorts to covering and prices moved
up rapidly in some stocks in the final deal
ings. The market was active and strong
at the close. The most stocks are left
below Saturdays figures. The advances
of note comprise Union Pacific Ia, Rock
Island and Northern Pacific preferred Is,
Wheeling and Lake Erie down Is, Jersey
Central %, Missouri Pacific l$-, Reading
TX, and Lake Shore | per cent. Sales,
4SS, SIS shares. Quotations closed bid;
Adams Express, $40; American Elk
press. ITO; Canada Pacific, 60; Central Pa
cific. 2S; Chesapeake and Ohio, 49,; do.
first preferred, 36l5 do second preferred,
23l5 Chicago and Alton, 1873; Chicago, Bur
Iington and Quincy, s515; Delaware and
Hudson, l22j Delaware, Lackawanna and
Western. I2T; Denver and Rio Grande
l6J1; Erie, "a do preferred A.; Ft Wayne,
40; Illinois Central, 90; Lake Shore,
i02sl; Michigan Central so; Minneapolis
and St. Louis, 81 do preferred, So; Mis-
souri, Pacific j54; Northern Pacific, 1917;
do. preferred, $50; Northwestern, 9S54 {;
do preferred, 1851; New York Central,
Q6; Oregon Transcontinental, lO5S; Pacific
Mail. 21i$; Peoria, Decatur and Evansville,
1871; Pittsburg. la4; Pullman Palace Car,
l65; Reading, 2S1g; Rock Island, 0'9l; St
Louis and San Francisco, 30; do. preferred,
IS; do. first preferred, IS; st. Paul, 4i5;
do. preferred 100; ST Paul, Minneapolis
and Manitoba. 90; st. Paul and Omaha,
90; do preferred, ~; Texas Pacific, 1873 ;
Union Pacific 42lS; United States Ex-
press, 62: Western Union. 12sl.