Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-07-23

h,tra "a sales were ignored and the market
advanced on pool support. The highest
figures were recorded In mary securities
scored about noon. but an even larger
number of securities scored about their
hest prices 1t the close. Some foreign
houses are of the opinion that London Is
heavily short and anticipate interesting
developments at the end of the account
next week Brokers having little faith
that there would be much change IN the
sterling exchange market, gave but tenn
porary attention to predictions that some
81 COO. eco in gold would be exported 10
Paris on Saturday. The continent has
been buying gold with, easy money here
This country can spare the gold more
readily than another Extensive commits
sion house buying to-day was potent
factor in the markets strength and II re-
mains to be seen whether. now that the
public is taking hold of the market, pro-
fessional traders will unload upon 1t as
usual. London advices were that II the
present movement in Americans continued.
the British public would come in as pur-
chasers: but that although larger busi-
ness was being transacted in America
to-day than usaul, IL was principally on
Continental and American account. Sugar
fell 3a to l4O in the initial dealings recov-
cred the loss. but was again pressed for
sale and ended with a loss OF rs. The
Changers and Southwestern were the lead
ers in the days upward movement on
, large dealings. Other stocks conspicuous
for their strength and activity were Lead.
Chicago Gas. General Electric. Louisville
and Nashville and the Gould shares. Rock
Aand scored a net advance OF ~ points
on rumors of increased earning capacity.
Burlington on similar influences was bet
tered to the extent of point and half.
Coalers were neglected, because Of the
trade conditions. American Spirits pre-
ferred rose point on heavy buying by
the same interests recently active in SUI
gar and ST. Paul. The rise in industrials,
including a point and a quarter on Cot
ton Oil common and two in the preferred,
one in Starch second preferred, were at
tributed to an expected increased demand
of their products said to be expected be-
cause of the new tariff General Electric
advanced ~ on unconfirmed reports OF an
adjustment of back dividends on the pre-
ferred stock The market generally closed
with net advance of ~ per cent. The.
principal advances of a point or more not
hitherto enumerated were, u. S. Express
5. Brooklyn Union Gas u.s. Pittsburg, Gin
cinnat Chicago and st. Louis preferred
2, c., c., c. and ST. Louis, Detroit Gas.
Erie second preferred. illinois Central, La
clede Gas, Lake Erie and Western prefer
red, Louisville. Manhattan. Missouri Pa
cific. Susquehanpa and Western preferred
and Union Pacific.
The bond markets continued to reflect a
brisk demand for investment and specu-
lative account, which included numerous
of the middle grade and speculative is
sues. Values moved uninterruptedly up
ward and at the top level indicated gains
of one per cent. or Whereabouts in the
leading. mortgages. improvements were
as rule, more material in the unusually
inactive securities. The aggregate sales
were s2.595.OOo.
Government bonds displayed an improved
IN q o.