Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-21


call firm at 21a@4 per cent; last loan
per cent; closed at 2K@3 per cent.
Prime mercantile paper 31a@41a per
cent.
Sterling exchange easier with actual
business in bankers bills at 4847s @485
for demand, and 4817s @4821s for so
days. Posted rates 4S3@4831a and
1862. Commercial bills 1917.
Silver certificates 5612@57Ac.
Bar silver 561ac.
Mexican dollars 4512c.
Government bonds weak.
State bonds dull.
Railroad bonds firm.
Stocks-After a few spasmOdic eff
forts to continue the rise of Saturday,
to-day's stock market fell back in a de-
cline and failed to recuperate. The ag
gressive strength Of some Of the spec
ialties at the opening served to sus-
tain the market for time and to give
it an appearance of strength, but real
izing sales in the general list went hand
in hand with the manipulation for a
rise in specialties, and even the stocks
which had shown wide gains lost prac-
tically all after the large operators had
taken their profits in the general list.
The Coalers were strong as group
on account Of the growing belief in an
agreement to restrict production and
to keep up prices. They were also
helped by the cold weather and the con-
sequent increased demand for the pro-
duct. New Jersey Central was at one
time points higher and Reading first
preferred rose to near 81. Sugar cross
ed 140 during the day. Manipulation
OF the Pittsburg, Cincinnati, Chicago
& st. Louis stocks advanced the COM
mon 37a and the preferred 213. Con-
solidated Gas was also g points higher
at one time. None Of these gains was
entirely held, and some of them were
practically wiped out. Union Pacific
was another stock that enjoyed a per-
iod Of strength in the late dealings, but
it also reacted.
Kansas City, Pittsburg &, Gulf which
! is not usually very conspicuous, al
tracted attention to-day by sudden
break of something over 4 points and
as sudden recovery Of almost all the
decline. The first mortgage bonds Of
the company reflected the weakness Of
Rthe stock. though not to as marked
Idegree There was no news to account
for the condition of this stock. The
conditions in the money market con-
tinued to dominate the situation in
the stock market, and the stiffening of
the rates for call loans to 4GD5 per cent
In the late trading to-day checked the
hopes of those spectators who thought
they saw an assurance OF continued
ease in money by imports Of specie
No doubt is felt that the large trade
balance in our favor is a sufficient Sc
curity against any real stringency in
money in New York. But it is not be-
lieved that a per cent rate for call
money will result in a movement of
specie in view of the existing high rate
Of money in London and in the Euro
pean centers. There is not much pros
pect Of easier money until after the
first Of the year, and until that time a
halt in speculative activity in securi-
lies is felt to be probable. In what is
known as the outside market Standard
Oil liquidating certificates were active
and strong and sold as high as 1857.
The bond market was not as active
as of late, but prices held firm with
the exception Of some of the specula-
tive bonds. Total sales $500, 600
United States As, both of 1926 and OF
1907, were 4 lower bid to-day.
The total sales of stocks to-day were
273, 400 shares.
OuOtatiOnS closed bid.