Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-10


call easy at 1902 per cent; last loan
2 per cent; closed at 1902 per cent.
Prime mercantile paper 3@4 per cent.
Sterling exchange steady with actual
business in bankers bills at 485A for
demand, and 4S212@4S2% for 60 days;
posted rates 4S3h @484, and 1861 @487.
Commercial bills 4S2.
Silver certificates 57% @5S1ac.
Bar silver SIC nominal.
Mexican dollars 451ac.
Government bonds strong.
New u. S. as registered ..............129
New u. s. as coupons ................l29
u. s. As registered .....................ll2 as
=. s. as coupons .......................lda
u s. IS registered ......................11H a
u. S. SIS coupons .......................Ie 12
Pacific IS Of 95........................ HOPS
State bonds dull.
Railroad bonds strong.
STOCKS-The bull contingent met
with some formidable obstacles in their
efforts to advance prices of stocks to-
day and the greater part of their sue
cess was achieved in the industrial
specialties. The manipulation in the
case of these stocks was very open and
paplable, but some substantial gains
were shown by railroad stocks on the
firm basis of increased earnings. There
were a number of stocks also which
were persistently heavy in tone and re-
CURED vigorous support TO prevent the
spread of weakness through the whole
market This was notably true of Su-
gar, which ruled for some time below
yesterdays closing price, and fell at
one time to the extent of a point. Lon
don was very large seller Of stocks on
balance in this market and the volume
Of sales of that account is estimated as
high as 10000 shares, embracing all of
the international stocks. Union Pa
cific fell IA on the resolution Of the
Senate to postpone the Kansas Pacific
sale.
Manhattan and Northwest and North
ern Pacific and some more less prom
lnent stocks showed a heavy tone dur
Ing the whole Of the early part of the
FAY These causes. together with the
lnertness Of the Granger group, was
persistent drag on the market. The
latter part Of the Gay saw a very ami
mated contest between professional
traders for the control OF the market.
The stocks Of local trading companies
was pushed up uniformly to a higher
level on the strength of tips" that the
underground rapid transit scheme
would fail of endorsement by the courts
and by reports of the apprehensive
RmalgamatiOn of local transit inter-
fStS.
Manhattan was the leader of this
class and rose %, but all the stocks
In that group Of securities showed sharp
gains. The bulls accorded the same
treatment to the Vanderbilt group of
stocks a little later and raised nearly
all of them from ! to points Fin
ally Northern Pacific preferred was
taken in hand and lifted out of it's early
depression by a renewal Of reports Of
an approaching dividend declaration on
the preferred stock. These last named
changes were facilitated by the return
from abroad of an influential financial
factor interested in those properties
The net result is to show very irreg-
ular range of changes. In the major
ity of standard railway shares which
were left free from manipulation, the
changes are small though gains ap-
preaching a point are shown in some
Southern railroads, which are showing
good earning capacity. Quite a num-
Der Of small losses are shown. In
the speclalties on the other hand,
1HCluUlHS Manhattan, lODaccO, Leather
preferred, Rubber preferred. Brooklyn
Transit, Metropolitan Traction and a
number of the Vanderbilts, gains ex-
tended from point to 25s, the latter
in Manhattan.
The bond market continued active
and board, some notable gains being
shown in special cases and the level
Of prices throughout the list showing
a material advance. ST. Louis & San
Francisco Trust SIS are per cent
higher. Mobile & Ohio rose to 21
points higher in accordance with the
advance Az per cent in the stock of
that company. Missouri Pacific bonds
were all strong, the collateral SIS rising
3 per cent further, the consol 6's 2 aud
the trust SIS ~ The total sales reach
ed par value of s3,SO0,000
Government bonds were strong all
around, both the old and new AS adj
vancing Il bid and the SIS Il bid.
The total sales of stocks to-day were
$4,000 shares.
Quotations closed bid
A1ChISoH .....:.. OBSERVATION-DISCLOSURES. 13
Do Drpfprra1 on1y