Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-01


Bar silver 521ac.
Mexican dollars 4614c.
Government bonds firm.
New U. S. As registered ............. PSI
New U. S. As coupons .................l2 S12
Us. As registered .1l3A
y =. 9S coupons ........... ......'...'l d41l
.. S. IS Registered 1i4A
U. S. 5s coupons .......................1 4A
Pacific 6s Of '95 .........................1 0z9s
State bonds dull.
Railroad bonds firm.
Stocks-The principal feature in to-
days stock market were the statements
Of the earnings in October of two of
the great railroads in the country,
namely, the Pennsylvania and Burling
ton. Both statements made remarka-
bly, strong showing, but that of Bur-
lington had been discounted by a more
active speculation, and the rumors
which had preceded the publications fer
some time past have grossly eXaggerat-
ed the proportions of the increase. AS
a consequence, there was some disap-
pointment in speculative circles over
the Burlington statement, and some
profit taking, which impaired heavy
tone to the whole of the granger group
until late in the day. In the final hour,
prices of the group shared in the
strength Of the general market. Rock
Island led with a net advance of IA
on reports that the company's refunding
scheme had been perfected and the
sale Of the first block Of new four per
cent. bonds concluded The October
statement of the Pennsylvania system,
with its increase in gross earnings of
100000, and in net of $452, 100, was re-
garded as strongly favorable and as re-
fecting large general improvement in
business. The stock of the Pennsyiva-
mia Railroad rose 25s under it's iniu-
ence, and all of the trunk lines showed
marked degree Of strength, New York
Central, Lake Shore and Canada South
ern rising from l to 2 points. Although
the Burlington statement compared
with very strong month last year,
and with one less business day in the
month than last year, and although
both the gross and net earnings fell
slightly below those Of September of
this year, the falling Off from the record
month Of September was small. There
was very marked increase in the Oper-
ating expenses both for Burlington and
the Pennsylvania, amounting to $40
$50 in the case of the former and $751;
$50 in the case of the latter, rejecting
the arrearages of outlay for mainte-
nance, which exist generally in railroad
! property all over the country. The Erie
Aand Lehigh Valley also had very IA
|vorable statements for October, but in
both cases heavy Increases in operating
expenses absorbed large proportion of
Che Increase in gross earnings.
Speculation in Sugar was again very
|actlve all day and the stock rose
kstrongly closing 21a higher than last
might. The approach Of the regular
dividend period and the expectation
vi favorable decision by the Treas
ury Department on the question of
countervailing duties on imported
Dutch sugars were the causes of the
rise. Northwest and Omaha show net
gains equaling point. Consolidated
Gas is ~ higher on the day. New
Jersey Central gained IL. Otherwise
net gains in the active stocks are con-
lined to fractions, and there is a fair
snrinkling Of small losses through the
list. Sales Of silver certificates on toe
Exchange for 1900 ounces at from
b9A to 59M were feature Of the day.
Bar silver sold in this market at 59Ja.
, price which had not been euualled
before since July %. Bullion dealers
have no other explanation to offer to
the strength Of silver but the exist
nnce of active demand and limited
supply.
The bond market showed some activ-
lty and strength in high grade issues
being very firmly held. Total sales,
Sl,6S5 000
United States old As registered were
advanced 4 bid.
The total sales OF stocks to-day were
219,100 shares.
Quotations closed bid:
>Atchison ....;..... Observation-Disclosures. 1915
NDo preferred :..:..... ................. 2134
PAL Sir1Ore o-p} Ohio