Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-08-06
FINANCE AND TRADE.


closed offered at l per cent.
Prime mercantile paper, Sl3G4 per cent.
Sterling exchange, very weak. with ac-
tual business in bankers bills at 81 S6l2q&
for demand and at 81 S5@A for 60 days.
Posted rates. "a S612d4 81 and 81 S7lkQ4 S..
Commercial, bills, 81 S415.
Silver certificates, 56q57.
Bar silver, 55%.
Mexican dollars, 4212
L. S. Is Registered ......................9 BIZ
L. S. As Registered ................''...llI? g
L. s. As Coupons ......... '41z4s
NewlU. S. As Registered ..............1299s
New L. S. As Coupons .................lZ5rt
L. S. 5s Registered ...................ll3l
L. S. 5s Coupons .......................lI 312
Pacific 6s Of 80 .................,....'"
G,overnments-Firm.
States-Dull.
Railroads-Heavy.
Stocks-To-day's market was an inver-
sio nof yesterdays nthat it displayed
heavy tone during most of the the day
and rallied strongly during the last half
hour. The days net gains were almost all
achieved In the last half hour, while on
yesterday half hours profit taking at
the close wiped out nearly all the Garner
gains. There was q teVerlsh tone 10 tne
which coming after yesterdays freedom or
speculative buying, was pointed TO as sig
nificate of the elimination OF bull move
ment There was evidences or powerful
manipulation in the market TO turther
this unsettling tendency and TO cause a
reaction. But the heavy short sellers OF
the day apparently lost confidence in their
theory and started to buy back their stocks
on a fast rising market. This short cover
ing was the main cause of the strong rally
at the close. But there were special causes
also at work to defeat the efforts or the re-
actionists. There was nothing untayor-
able in the general situation which they
counld avail themselves or, the crop pros
poets and the decline in foreign exchange
continuing TO favor a rise. In addition 10
this some Of the reports OF railroad earn.
ing for the fourth week and the month or
July especially those of southern roads,
Thus Louisville increase in earnings for
the fourth week over the corresponding
period of last year was $lOS,139. The
Stock responded to the statement which
was published after noon, rising over
point and influencing the whole market.
The buoyancy displayed by some OF the
individual stocks, such as Tobacco La
clede Gas and Spirits also operated
against the efforts at reaction. On the
other hand the reaction in the wheat
market. due 10 profit taking and to some
falling off in foreign buying orders, anect-
ed the western railroad stocks sympa-
tletlCaIlN. lOtdl safes VI SAOSho iO-helS
were 81 $3.50 shares. Quotations closed bid:
Atchison ......... ..........'''...'''''''' d9
Do preferred ..........'. s..s's'''''''''s' @ot2
xBaltimore and Ohio ................... IT,
Central Pacific ..'''''''''''''''''. -
Chesapeake and Ohio .................. 2l%
Chicago and Alton ......................15l
Chicago Burlington and Quincy. 49,. 9lA
Delaware and Hudson 1872
Delaware. Lackawana and Western LBS
Erie new ;.''''''''.'''''''''''''' 10 it+
nrpferre0 Observation-Disclosures.
FCrt wayne .........s''''' ''''''''''.''''loN
Hooking Valley ...... ..'''...'...''''''
Illinois Central Observation-Disclosures. lV49s
Lake Erie and Western ................. 1sl2
Do preferred ................''....'..' "a
Lake Shore ...............s....s.....
Louisville and Nashville ............... 5S3s
Manhattan l. ..............'.s' '..''.... 20
METROPOLITAN Thaction ..................ll4A
Michigan Central ........................lo 412
Missouri Pacific OBSERVATION-DISCLOSURES. n
Mobile and Ohio ACKNOWLEDGEMENTS. "A
New Jersey Central ...................... Slt2
New York Central .....................lce 1s
NOrthe western ........'...'''''''' ..IlJr4
Do preferred ............... .'.'..'s'''...''loo
Northern Pacific ACKNOWLEDGEMENTS. 1875