Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-09-15
FINANCE AND TRADE.

call firm at 1902 per cent: last loan at
y per cent; closed offered at 1zq2 per
cent. 2
Prime mercantile paper. SAG41a per cent.
Sterling exchange weak with actual
business in bankers bills al $4 S47sG4 80
for demand and at 81 s21k@M for go daye.
Posted rates, 81 S5la0l4 s6la and 81 S6qh.
Commercial bills, 81 S11aq4 81.
Silver certificates, 5512@57c.
Bar silver, 56c.
Mexican dollars, 43c.
recommendation.
u. S. Is registered ............. So
Y. 8. As registered ....... lidzs 1.1i "a
New U. S. Is registered 1900. .l25#a 1898 l2Sss
New u. S. As coupons ....... ~ Si5o osss
u. S. IS registered MINIMUM. liza tI i IA
Y. S. 5s coupons ............... idai4 lii474
Pacific IS of '9o ...................loz
States-Dull
Railroads-Firm.
Stocks.-To-day's operations have re-
suited in another substantial advance IN
the level of prices in stoc kexchange.
There was some talk during the, morning
of the existence Of a powerful bear poor
which was prepared for extensive opera
tige of this computation coupled with the
fact that London prices came lower thls
morning apparently because of doubts
raised by yesterdays reaction here, ied TO
the early success of the bear contingent.
The ARGUMENTS they used were the same
sa yesterday the likelihood of entangle-
ment over the Cuban question. the danger
of yellow fever, and in addition the dam
age done by storm on the Gulf of Mexico.
The later showed its effect on Kansas
City, Pittsburg and GulI; 81 h Paul ana
and all the grangers declined an average
of about ~ while Louisville, Southern
preferred and Kansas ana texas prefer
red were off nearly a point, the latter on
profit taking which continued all day.
The whole list receded fraction. Later
came denials from Washington on au-
Sertion that no war-like measures were
projected on the Cuban question. The first
reports of heavy damage aIiag BY the the Gulf Gulf
time the marked weakness in the ex-
change markt came into notice.. actual
rates for both long and short sterling and
don was also buying quite freely of favor
Ute stocks. The official reports of wheat
shortage in France and Italy added to the
assurance of continued heavy exports of
sgrain to be paid for. The advance in cot
ton at Liverpool tended to the same.
,These indications of a prospective in
crease of the balance of trade in our fa-
vor led to expressions by foreign bankers
that heavy gold import movement was
certain to result and was likely to soon
commence. The evidence of the exchange
market on this point was strengthened by
the hardening tendency of the money
market, call loans commanding as high as
3 per cent, and only rev exceptional
loans being made below per cent.
Money continued also to move very free
ly to the interior. AS the general news
bearing on the business outlook all con-
tinued favorable, the prospect Of gold i'm
ports prove an available means to turn
the tide in favor of the bulls. At the
same time it was reported from Washr
ington that the differences between the
government and the syndicate organized
to purchase the Union Pacific had been
arranged and that the approval would be
given at the cabinet meeting intheafter-
noon. 1t was on this account that Union
Pacific became so prominent in the after
non rise, its extreme advance being 31s
and it's net gain 2a Northwest and Oma-
a buying movement. as on former occas-
ions, in all the Vanderbilt stocks. ST.
Paul also recovered from the early de-
preston. advancing IA. Northern Pa
cific preferred rose points. The market
reacted to some extent before the close
and this, coupld with the early decline,
makes the net gains considerably smaller
than the extreme advances.
Among the industrials General Electric
Sugar and the local gas stocks were all
notably strong. Net gains of over 4
Edison Electric of New York and Erie
Telejhone. Omaha had a net advance of
and Sugar the same; Chicago and East
ern Illinois preferred showing an equal
gain. Cotton Oil, Sugar preferred, Brook
Ign Union Gas, Canada Southern. Chica-
so and Great, Western preferred, Della
General Electric, LaClede Gas, Lake
Shore, Metropolitan Traction, New York
Central, New York. Chicago and st. Louis
second preferred, Northwestern, Pennsyl-
vania Pullman, st. Paul and st. Joe and
Grand Island first preferred showed net
gains of a point or over.
The price of bonds fell off at the OPEN
ing, but the market became strong later.
Total sales, s3,1000GO. United States As
registered sold at 112.
Quotations closed bid: