Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-03-07
FINANCE AND TRADE.

Money at g Per Cent.-Stocks Active and
Mediterranean Dull and Steady
Flour Steady and Unchanged-Wheat
Lower.
New YORK, March 5.-Money on call
easy, with ne loans closed offered at , per
cent; prime mercantile paper 4a51s per
cent Sterling exchange quiet but steady at
4S5l5 for 6O-day bills and 1871 for demand.
GovERNNENTs-Dulla and steady.
Fours Registered. .............''.'.'ii
Fours Coupon. ACKNOWLEDGEMENTS. III
Fours-and-a -half Registered. ........ 100
Pacific Sizes Of '95. ..................lO 9
STATEs-Dull and firm.
RAILRoADs-Fsirly active; sales 81, l21,-
00O
New YoRK, March 5.-The stock market
again gave evidence that the moving DOW
er behind the fluctuations were only manlp-
ulation, and while the strength OF the
whole list was very decided IN the first
hour, a complete and demoralizlng change
occurred at ii o'clock, and the most posi-
tive weakness marked the trading on the
Exchange for the last hour on the session
in temper one being the old rumor revived
of the death of Mr.. Gould, and the other
was the appointment Of a receiver for the
Georgia Central Railway. The former,
however, was quickly denied, while the
latter was known before the opening OF the
session and seemed 10 have no weight
during the first hour. There was besiGes
bank statement, which showed
a large decrease in cash, despite
moderate increase in deposits and heavy
expansion caused a reduction in the sur
plus reserve of over $5,WO,OOO. This IN
doubtedly had some influence, but the
downward movement was in full swing
long before the issue Of statement. The
market opened with firm temper, and
the whole list, with the exception OF the
Richmond and West Point securities and
New England, scored further improvement
in the first hour, there being at that time
no interruption TO the advance The Van
derOilts were still the strong features, ana
Lake Shore rose rapidly from 81 sos 10
81 4O]<, Michigan Central more than keep
ing pace with II with rise from 1ljsc TO
l9c on much smaller business. All the
ether stocks Of this group felt the stlnu-
lus, and Northwestern and New York
Central made material gains. Up
to this time the concessions
in everything but the Richmond
and West Points were Insignificant, but
stocks opened down - and retired per
cent further, while the preferred, after OPP
ening down go at IS, further dropped TO
o.. In the face of the weakness in the rest
of the list il rallied to 66, but closed at DO.
The general list quickly ran off in the last
hour and realizations and heavy short sell
ing, together with the execution OF some
stop orders, accelerated the decline. Lake
Shore dropped from 1907 10 1851. North
western from 1925 TO 1l9, Reading from
5Sls TO 555S, Lackawanna from l63 TO 1893
ana d. Il II. from l40H to 1879, while the
entire list was brought down below the
level of the opening figures. Sales, 39O,-
0OO shares. Quotations blosed bid:
Adams Express, l45; American Express
1l716; Canada Pacific 50; Central Pacific
81; Chesapeake and Ohio, 25E; do. first
preferred so; do. second preferred 42SI;
Chicago and Alton, l42; Chicago, Burling-
ton and Quincy, 1853; Delaware and
Hudson, 1854; Delaware, Lackawanns
and Western 1859; Denver and Rio
Grande, preferred 52$s; Erie 80; do.
preferred 20; Fl. Wayne l44; Illinois
Central. 1O6; Lake Shore. 1864; Michi-
gan Central, ll4s(; Minneapolis and st.
Touis 81; do. preferred 10; Missouri
Pacific 6O5S; Northern Pacific, 23l5; do.
preferred Oh; Northwestern 1l9l4 do
preferred AS: New York Central, ll1$4;
Oregon Transcontinental, IS; Pachc
Mail. 80; Peoris, Decatur and Evansville,
1917; Pittsburg, $50; Pullman Palace, lSS;
Reading, 58ll: Rock Island, S9l5; St Louis
and San Francisco, -; do preferred =;
do. frat preferred 80; st. Paul, 1914; do;
preferred l2S4; st. Paul, Minneapolis and
Manitoba, ll3; 81. Paul and Omaha,
40; do. preferred ll6; Tennessee Coal
and Iron, 444; Texas Pacific, 10; Union
Pacific, 465I United States Express, As;
Western Union, SIS.