Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-03-07


higher.
NEW YoRK, March 6.--AIoney on call
easy az Il per cent; last loan, per cent.
closed at ] per cent. Prime mercantile
paper SASH per cent Sterling exchange
quiet and steady at 1861 a4SS1z, Silver
certificates 5SJSa595S
GOvERNMENrs-kirm
Fours Registered ....................ll liza
t'Ours Coupons. .............. .A1t
Four-and-a-half Registered. .......... 80
Pacific Skies OF '95...................IUS
STATEs-Firm.
RAuROADs-Active and strong.
STOCKs-A very sharp corner was turned
on the Stock Exchange to-day and in get
ting around 10 several speculative outfits
were badly damaged and narrowly escaped
total disaster There was nothing in the
quiet, orderly opening Of business that pre-
saged the exciting events which occurred
within three-Quarters Of an hour. AS was
20 be expected the first prices made
were below Yesterdays figures
and SUGAR, which had made
the greaJesr advance, showed most weak
ness. Opening 40 a decline Of q per cent,
some holders of the stock started % take
profits, and q few timOrOus bears sold on
the falling market, bringing the price down
Co IS. Then, by eighths and quarters, the
Meanwhile, the short interest was cover
ing cautiously, for there was nothing IN
the situation affecting sugar 20 account Tor
this abnormal rise, save the heavy buying
which came from all around the pool, and
10 was not natural 20 expect break al any
moment But the break came and buying
stop orders were met with which had been
executed, swelling the volume OF pur-
chases. Then 10 seemed 10 dawn on the
belated shorts that squeeze was IN
progress and they rushed In 90 buy on the
best terms they could. Now came the
climax, and moving one per cent. at time,
9S was tauched. 9o$, go. 99l5 and 100, the
excitement being intense at this time. Par
seemed 90 be the goal which
the manipulatCrs Of this corner
had set for themselves and with
equal rapiditv the stock broke Co 81 A
rally 90 93it was quickly made. All thls
had been accomplished before IL O'Clock,
and by noon, when the price had dropped
90 93. an trace of excitement had died out
During the afternoon the shares sagged on
steadily, and ln the late dealings had re-
coded 20 g04, closing at 9Ji5, decline OF
"a per cent from the best OF the day.
leaving only q gain of u per cent Oh
the days transactions. sugar pre-
ferred. after an opening decline OF
= per cent. at 50, sold up 10 ~, reactng TO
S3s. It was reported on the street that
bear short of ~, 900 shares Of Sugar COM
mon was forced 20 settle at 100 and that
other short contracts were settled az the
same figures Certain 10 is that those who
were short of the stock were for the mo-
ment at the mercy of the manipulators OF
the deal and had 90 sue for terms. The
keene clique is given the credit for the
0peratiOu. which was one of the ne2test
-....
some time. The general market opened
fraction lower and In the early dealings the
active list reacted isa5f, the latter Louis
vile and Nashville, while Lead broke
per cent. but recovered half the loss, the
other shares which had receded also max
ing a partial rally. The experience Of the
shorts iu Sugar rendered them timid and
thew began 90 cover their lines generally,
which caused an appreciation IN values all
around, the luduStrlais showing most
largely I'm the advance, notably Chicago
Gas, Dist,ing and Lead. Western Union
was also prominent in the Improvement,
which ranged from a quarter TO per cen Mt.
With the break In Sugar the rest Of tie
Iudustrials and the railway list became
heavy and a reaction occurred, 10 which
most of the advance was wiped out The
speculation during the afternoon was weak
I'm tone and except at about one
O'Clock, when an upward turn was
taken, the tendency was to-
ward q lower range OF values.
The dealings were irreglar In the last hour
but in the main heavy and the market
closed with am9iOrity or the active list *
al per cent. lower than at the close yes
terday. The latter lead while ST. Paul
and Rock Island are down 1 per cent. and
Iowa Central preferred u. Some few
shares show a fractional advance on the
dav and Lake Erie and Western preferred
and St. Paul preferred are up 4 and d.
cent respectively. The railway and mis-
cellaueOus bond market was strong all day
on "a large volume OF business. Sales,
$4,000 shares. Quotations closed bid:
Atchlson, 135L ;AdSms Express, $50; Amer
lean Express 1921 Baltimore aud Ohio
1lff; CanadaPaCidC, 65li Central Pacific,
1915; Chesapeake and Ohio, l155; Chicago
and Alton. 134; Chicago, Burlington aud
Quincy, 7gti (; Chicago Gas, COS Delaware
aud Hudson, 1855; Delaware. LackaWanna
aud Western. 1865; Denver and RIO
Grande preferred, 294; Distillcrs and
Cattle Feeders Co., 251S; Erie, 1875; DO.
preferred, IS; Fort Wayne $50; Illinois
Central. o.. Lake Shore, l2I13 Michigan
Central gS; Missouri Pacific, 2355; Nor
folk and Western preferred, 1875; North
ern Pacific AS do. preferred, ISIS North
western, l04l5; DO preferred, 1851. New
York Central, 1905 New York and New
England. ma; Pacific Mail, l6}5; Peoria,
Decatur and Evansville, AS Pittsburg,
I46i(. Pullman Palace 100; Reading, 2l54;
Rock Island, 69is 81. Louis aud San Fran
cisco first preferred, -; St. Paul COZ do.
preferred. 100; Tennessee Coal ana Iron,
zoe Texas Pacific, s; Union Pacific, ISIS;
United States Express, 50; Western Union,
sos; Wheeling aud Lake Erie, l2l4 do.
90 d nnrr u. frfn q
Mining St0cks-Band b., I'D; CholOr, so;
Crown Point, IS; Consolidated California
and Virginia, 2}0; Deadwood, 50; Gould
ana Curry. 90; Hale and Norcross, 80;
Homestake, 1850; Independence, 80; Mex
lean. I25; North Star, -: Ontario, GOO;
Orhir 100; plymouth. %; Sierra Nevada,
no; Standard, 100, Union Con-, 20; Vel
low Jacket, 40, Iron Silver 10; Quick
Silver, 263; do preferred. 1000; Bulwer %.