Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-18

=. S. new IS registered. 1884
=. ;. As registered -..4-.--~.-.. liz
U. >: IDS .......... Observation-Disclosures. 991h
Y. S. IS registered .1141a
=. = 5s coupons ........................11 412
Pacifc IS of 5........................ .1023s
Government bonds firm.
State bonds DULL
Railroad bonds weak.
4 Stocks-To-day's stock market was
more or less depressed all day, though
final prices are considerably better
than the low point Of the day; liquida-
ton was not heavy outside of few
special stocks and the sagging tenden-
cy of prices seemed to be due rather
to an absence of active demand Some
OF the recent prominent bulls bought
stocks on downward scale Of prices
but without any attempt to sustain
values. Manhattan and New Jersey
Central continued to be the principal
objects of manipulation, as was the
case yesterday, and Sugar continued
to show its weakness, it's decline from
yesterdays close reaching at one time
per cent, but a final rally left its
net loss only fractional. Manhattan
was traded in ex-diyidend and was
quite feverish UP to the time Of the
announcement of the decision of the
Appellate Court on the underground
rapid transit plan. This news, which
had been discredited, caused the shorts
to cover, the price advancing over 2
points with only fractional reaction
afterward, leaving small net gain.
Short covering due to the same cause
helped Metropolitan Street Railway
and there was in addition a report of
business agreement with the COM
peting company. The variations in
New Jersey Central were dictated by
the needs of the shorts. There was
some continued apprehension regard
ing the immediate future of the money
market and the time money market
was quoted at per cent. for 80 days
and 312 per cent. for 90 to 80 days.
For call loans per cent. continued
to be paid, but the rate eased off to 2
per cent in the final hour. New York
banks have gained on balance during
the week from the currency movement,
but have lost heavily to the sub-treas-
ury. and the condition of the surplus
reserve to be shown by the bank state
ment will depend upon the amount
Of loans which have been called. There
was no further fall in sterling eX-
change to-day, but Yesterdays sharp
decline here was reflected in stiff
sning Of the London discount rate to
"a per cent, which is a quarter per
cent above the Bank of England's
minimum rate. Confidence was eX-
pressed that the redemption by the
government of the currency SKIES be-
ginning next Friday would serve as a
safeguard against stringency in the
money market But there is much
room for uncertainty as to what
amount of these bonds will be pre-
sented for redemption before January
[, when they mature The next pay
ment of Union Pacific purchase money
into the treasury is TO be made on
December 81, the amount being about
sS,500,000, the final payment of an
equal amount falling due on january
5>Ip->aatdtdaittiien,~ usual heavy accu-
mutation of funds preliminary to the
January disbursements OF dividends
and interest is to be reckoned with
AS a result of the rally before the
close of to-days market net losses are
in most important instances reduced
to fractions, the notable exception on
the side of gains having been already
indicated. Some inactive stocks show
losses from l to per cent.
There was a marked falling off in
activity in the bond market and some
issues show losses, Union Pacific Az,
declinging 3 points. Total sales, ST.
100000.
Government bonds were steady and
unchanged.
The total sales of stock to-day were
1863, 800 shares.
Quotations closed bid:
AtchisOn 800. ......... .....'....'..'.''.. "a
Do preferred ACKNOWLEDGEMENTS. ~
Baltimore and Ohio Observation-Disclosures. Is
Chesapeake and Ohio ..................2l $s
Chicago and Alton ....;..:..:....'...- ID a.
Chicaoo burlington and Quncy...... 9S1s
Delaware and Hudson .................nl%4
Delaware. Lackawanna and Western. 156
Fort Wayne ...... ....-...-..''''''' 1902
Illinois Central .............''...'.'.'.
Lake Erie and western ................ il
Do preferred ..."....................... Il
Lake Shore ........... ...................l15
louisville and Nashville .............. 56lB
MetroDolitan Street Railway. .......121
Michigan Central ..............,.........l0 212
Missouri Pacific ;..................... FPS
New Jersey Central NEUTRALITY-SUSPICIOUS.. S2Ss
New York Central ......................10,1 IS
Northern Pacific ........ ............... us
Do preferred ........... ..........'... 1924
Pittsburg ................'.. ....''..'1SS
Reading .......... .......... ............. 22lS
Rock Island 49,. ......................... MA
St Paul ~ Observation-Disclosures. 90
DO preferred ......... .................I4li2
southern Pacific ........... ...........-. ZtEl
Texas and Pacific ............. los
Union Pacific ......... .................. 81.
Wheeling and Lake Erie .............
Do preferred ......... ................ 10
EXPRESS COMPANIES.
-adamS.. '.'.....l95
american I'D
united states ......... ~
MISCELLANEOUS.
American Cotton Oil ........ ........... 22h
Do preferred ............ ............... 1i%i
american spirits -....-.............i14
30 preferred $500. .-................. 1913
American IoDQcco ...... .............. soI2
w pitlelItO. Liz
ILLINOIS steel ........ .......... ........ 4Zt4
american sugar $500. ..-............. l3e9S
~ PiSleItSh 80. ..................... "
tennessee Coal and Iron ............... PAS
western Union observation-disclosures. S9i2
MINING STOCKS.
''''''''' ~