Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-02

Railroads-Strong.
New York, December l.-EVehlns
Posts London financial telegram
The stock market was firm on the
whole, pleasant feature pelng tne
rather smart rise in Americans aI Tue
close. The Berlin market was seeauy
and the Paris bourSe firm.
Stocks-With only lnslgnlncent II
terruptions prices tended steadliy up
wards all day On the STOCK EAcnanse,
closing at about the highest with a very
buoyant tone. Net gains exceed point
in nearly all stocks. The advances at
the opening were trivial anu traulns
was not very active, but as the day ao-
vanced the scope OF the speculation
broadened and assumed more assres-
eive and confident tone. The strength
of the market developed first IN sugar
and spread gradually through the mar
ket, separate stocks being advanced
sharply one after the other berore the
whole market took up the movement.
Missouri Pacific, American Tobacco,
Michigan Central and Cotton Oil prefer
red were among the earliest affected IN
the order named. Later the c0alers de-
veloped strength and 1t was not until
the closing hour that the grangers ana
the market generally responded IN any
marked degree. Some of the stocks
which developed most activity and
strength yesterday were somewhat neg
lected to-day, while the rest of the mar
ket rose to a proportionate level. The
bear element did not yield without a
struggle and was not driven to cover
until late in the day, when the scramble
of the shorts materially aided the rise.
There was no news of Importance dur
ing the day, the bullish sentiment on
the Exchange being rather crystalliz-
ing Of several days Impressions The
successful conclusion of the Rock Is
land refunding scheme continued to be
much talked of, as did the favorable
railroad statements for October. The
Burlington statement especially was in
terpreted more favorably than yester-
day, the earnings reported being ex-
ceeded only by those of September OF
this year. The small excess shown over
the earnings Of October last year is due
to the fact that last years earnings for
that month were exceptionally large.
The alost total subsistence of apprehen
sion over the Cuban question also had
its effect. There Was some awakening
of outside interest manifest in the buy
ing through commission houses. This
was not on large SCALE however, and
\ the days rise was for the most part due
I to the operations of powerful combin-
i ed interest The stock of Southern
railroads showed notable tendency to
lag. The October statement of the Lou
isville & Nashville probably had its in
fiuence On this group, showing, as it
did, heavy decrease in gross earnings,
combined with an increase in operating
expenses, which brought the decrease
in net earnings up to $121,S31 1t is
significant of the dullness of business
which has prevailed in Wall street for
some time past that a Stock Exchange
seat, which was offered at auction to-
day, found no bidders, and was bought
in for SIT ,00O for the estate which Offer
ed it. 1t should be stated in this con-
nection that the ownership of a seat
does not carry with it membership in
the Exchange, without election, and the
customary method of selling seats is
through the officials of the Exchange
itself No impression was made on the
money market to-day by the periodical
interest and divident disbursements.
The bond market was strong and
very active, the speculative issues show
ing no notable advances. Total sales.
$3,6GO,0O0.
U. S. new As advanced "a bid.
The total sales of stocks TODAY were
1916, 400 shares.
Quotations closed hid.