The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-23

Northwestern for rrfundlng the bonds
or the company 80 as to effect a saving
which may De applied 10 the stock has
become the central object ~ interest In
thc market The upward tendency III
pricou which rlhiatcd from this stock
ultimately permeated the whole market
carrying even the Industrial stocks
some OF which had sagged during the
morning, TO higher plane. North
VESTS extreme rise was ga per cent
Omaha was being nearest In relations
TO Northwest. followed It's course with
closest sympathy But the Vanderbilt
stocks were all strong in sympathy,
Lake Shore made new record price.
jumping 3H to l75 This was doubtless
on exact information OF the benefits to
accrue to the stock from the refundinH
OF the bonds. the time OF the exchange
or the old bonds for the new 3ih's eXpir-
Ing tomorrow. The New York Central
and st. Louis stocks on account OF the
close relation OF traffic interests with
Lake Shore, also showed marked ad-
vance. The first preferred was bid at
II, against 60 bid yesterday. The COM
mon stock gained IL and the second
preferred 2 per cent. Lacknwanna
gained 3ls to 1856 on definite announce
ment that the regular quarterly dlvi-
NNaAN wa why gN hNNlulNAls ~ 81 IN
ing feature OF the markets course was
the comparatively small transactions on
which prices rose. This was. OF course,
more markedly true Of the high-priced
investment stocks. very small supply
OF which Is Offering In the market at
any time. A qulckened demand natur-
ally marks UP the price very sharply.
But the volume OF transactions as a
whole was not large and the dealings
were lacking In animation all day. Su
gar and Chicago Gas. which usually Oc-
cupy so large share OF attention, aud
some other specialties were rather
heavy and neglected all day, though
they showed recovering tendency be-
fore the close. Southwestern railroads
were particularly strong on account OF
the good outlook Tor business In that
section. Continued good crop reports
sustained the markets, particularly the
Changers. The announcement OF a
100000 shipment OF gold for Thursdays
steamer and the probability that more
VIII go did not renew yesterdays rath-
Gr facetious alarm on the subject. The
weeks exports OF general merchandise
from New York, amounting 10 $500, $50
a decrease OF S2,i7S,l2i from last weeks
indicates one source Of the strength in
exchange
Gains OF point OF over were SHOWN
by Tobacco. Burlington. St Paul. Omn-
ha, Susquehannh Il Western preferred.
Denver g. Rio GrInde preferred, Man
haitian, Missouri Pacific, Minnesota,
Kansas * Texas preferred and
Northern Pacific preferred. In
the closing dealings Lake Erie & West
crn fell point and the preferred jump
ed points. I.Aclede Gas lost IL, but re-
covered Il. Tennessee Coal also fell a
point and rallied feebly.
Trading in railway mortgages was In
considerable volume and some striking
gains were made In few issues, in
Guiding Lehlgh & WIlkesbarrc 5's.whlch
improved 81 per cent The general tone
OF the market was good and free pur-
chases were noted OF the prominent in
ternationhl mortgages for continental
account. The aggregate sales we're ST.
sos, 900.
Governments were more active, but
without essential change in values. The
sales were $4,000,
The total sales OF stocks to-day were
l9O,45s shares.
,,an.vNs Ar, csrNFyt. nT-NT, ATOMS