Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-02-22
FINANCE AND TRADE

Money, I-2a6 Per Csnt.-GOverRmentS'
Dull and Steady-Stoci1s. Firm-Flour,
Observation-Disclosures, Firm.
NEW YORK, February 2I-Monev on call
firm at 2l6a6 per cent; last loan 25S per
cent; closed offered al 2}5 per cent. Prime
mercantile paper 5a6]5 per cent. Sterr
ing exchange, quiet but steady az 4S6aiSt$4
GovERNMENTs-Dull and steady.
FOurs Registered. observation-disclosures. LIZ
kOurs Coupon. OBSERVATION-DISCLOSURES liz
FOur-aud-a-h Registered. S513
Pacific Skies OF '95. .................IO o
SrArEs-Dun and steady.
SroCKS-Trading at the Stock Exchange
returned TO something like its normal con-
dition today and the dealings were re-
ducad 10 a lutte over One-thlrd what they
were Yesterday. Fluctuations. though still
large among the coal stocks and indus
trials. were scarcely of the usual line.
The fac, of the matter is, that the placing
of Reading i'm tho hands of receivers prac-
ticaly takes il, for at least some time 10
come, out of the speculative arena,
and the forced liquidation being COM
plete, the street is no longer afraid OF any
sharp movement which would disturb val
ues In the general list As Tor Reading IL
self the opinion seems 10 be that the re-
the enemies of the management in their
attacks. and has been, so far, completely
successful While the status OF the coal
trade in general is believed 10 be
rather in danger, and this feel
inr was reflected in substantial declines in
c08lers. anv serious change In the trade IS
not expected With the subsistence of the
excitement the condition OF the exchange
market and the future Of the money mar
ket az this centre attracted more atten-
ton The six per cent. market for money,
predicted some time ago, seems 10 have ar
rived, although there were plenty Of
loans made both Yesterday and to-
dav at low rates. The hardening
tendency of money acts TO depress exchange
and though offerings OF commercial bills are
still small, bankers bills issued against the
late gold shipments have supplied the mar
ket 10 suchl an extent that rates easad of
materially to-day, and 10 is felt that no more
gold will 90 this week Trading In stocks
was TODAY largely professional and cover
ngs OF shorts comprised the bulk OF
the buying. There was mild recurrence
of the excitement in Reading, but IL stood
for only q few minutes, and 10 soon became
possible 10 execute au order 10 buy or sell
100 shares, which has not been done for the
last thrde days. The large trading in the
utes. and during that time It's lowest price
was reached, which was only 2l4
per cent. below its first price,
which was / per cent. better than
its lowest closing price. n healthy de-
maud was developed below So and after
the first decline and rally il never got far
from that point, declined to 295S, a loss of
d per cent. for the day. New England
then followed the course Of Reading, and
ia was only 7 lower at the end of the day.
The other coal stocks, however, were
affected apparently by the be-
lief that the disruption of the
coal, though the denial Of this by the Presi-
DENT ofthe Lac6awanna, should have had
some weight. Lackawanna, however, re-
tired from l49 70 l45h, Jersey Central from
13l oll0l4 and Delaware and Hudson from
1901 20 lbs. All except the first named
practically recovered the declines, but the
loss Of IL per cent. in Lackawanna was
the most important decline for the day.
The bears made drive Tor the lnduStrlals,
especially Sugar and Chicago Gas. and
although the former made feeble recov-
cry, il closed per cent lower at 1885
The temper of the general list was un.
usually hrm and many final advances were
recorded, Northern Pacific rising l ana
Manhattan a ike amount Increased
strength and animation IN the Richmond
and West Point stocks was feature in the
late dealings, though nothing was made
public 90 account for the Improvement.
After the rally OF the afternoon was COM
pleted, prices were held firm until the close.
which was fairly active at irregular
changes for the day. Sales, 100000 shares
Of which Reading contributed 233, 600.
Quotations closed bid !:
"
American Express, rs: Baltimore and
Ohio, 931S; Canada Pacific. $40; Central
Pacific, 21la Chesapeake and Ohio, q s ;
Chicago and Alton, l42; Chicago, Burling-
ton aud Quincy, 96jE Delaware and Hud-
son, $50; Delaware, Lackawanna and
Western, 141i,; Denver and RIO Grande
preferred $3.50 Erie, 233s do. preferred,
50 Fort Wayne, l55; Illinois Central,
100; Lake Shore, l2S4; Michigan Cen
trail 1915 Missouri Pacific, 5515 Norfolk
aud Western preferred, 35i6 Northern Pa
cihc, 49,, do preferred, 45ls; Northwest
ern ll2l4; DO preferred l4415; New York
Central. l0Sls; Pacific Mail, 25l5; Peoria,
Decatur and Evansville, 1888; Pittsburg,
1855; Pullman Palace, 1874; Reading, 2g5s ;
Rock Island, So st, Louis and San Fran
cisco first preferred, 80; ST. Paul, IS:
do preferred 123l5; Tennessee Coal and
Iron. 24l{: Texas Pacific. 30; Union Pa
cifc. 3S5s: United States Express, 60;
Western Union. 96; Wheeling and Lake
Erie. 49,; do. preferred, o.
Mining Stocks-CholOr -; Grown Point
G5. Consolidated California and Virginia,
2G5; Deadwo0d, lS5; GoulG and Curry. %;
Hale aud NorcrOss, 1870; Homestead, ll50;
Independence, -; Mexican, l5O; North
Star, -, Ontario, 1850; Ophir, PIC; Ply
mouth. 90: Sierra Nevada, 40; Standard,
TAO: Union Con, 100; Yellow Jacket 60;
Iron Silver, 81; Quick Silver, 800; do pre-
ferred, 1900, Bulwer. -.