Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-09


Y. s. As registered lips
=. 3 As coupons lips
- zds :.:....:. ..........'........... "
Y. $. 5s coupons ........................11 43s
Pacific IS OF 95.........................1 1925
State bonds dull.
Railroad bonds strong.
Stocks-The stock market opened
this morning with a tremendous show
OF animation and vigorous upward
tendency, gains being uniform pretty
much throughout the list. 1t was evil
dent that the strength displayed by the
market yesterday had brought orders
to the commission houses to buy
stocks. There was also buying for
London account for the first time in
several days. the advance in prices
here apparently to tempt arbitrage
brokers to sell. Their purchases of
st. Paul were on quite a large scale
and they also bought Union Pacific,
but there were sales OF Louisville and
Atchison for London account. Sugar
was the one exception in the strength
OF the market at the opening, but its
loss soon widened and heavier liquida-
ton in the stock set in, offerings being
very heavy and active support being OF
no avail to recover it's losses. A ru-
NOR Of an extra dividend was thor
oughly discredited and yesterdays
gain was in consequence completely
wiped out before the announcement OF
a regular dividend. The stock was
very feverish all day and tluctuated
widely and frequently, but worked
constantly toward lower level and
closed near the lowest at net loss of
49,. Total sales nearly 100, 900 shares.
Consolidated Gas was also mark for
the reactionists and dropped at one
time AZ points. The consequence was
that the market was kept unsettled all
day. When the general advance came
to stop, dullness interviewed and
there were frequent rallies. Early in
the final hour prices Of many stocks
were at the best, but the final drop in
Sugar again weakened prices all
around and left net gains confined to
fractions in almost all cases, and fair
sprinkling of losses through the list.
One Of these losses occurred in Mime
apolis and St Louis second preferred,
which had been advanced in the morn
inc on a rumor that the dividend was
to be increased and which reacted on
the announcement of the regular dlvl-
dend Union Pacific also was heavy on
account of tn steps taken b. the gov
eminent to qualify as a bidder at the
Kansas Pacific sale. Other stocks in
clined to heayiness were Western I'm
jon, Manhattan, Metropolitan Street
Railway and New York Central. South
ern preferred continued the advance
which was begun on yesterday on ru-
mors of an approaching dividend and
rose at one time 13s per cent. Tobacco
also DEVELOPED late strength, but react
ed before the close Cleveland Cincin
eati, Chicago and St. Louis enjoyed the
benefit of d favorable statement of
earnings for the fourth week III No
vember.
The activity isplayed by the bond
market was remarkable, sales Cor the
first hour approaching one and three
quarter million dollars in par value and
it is said breaking the record for one
hours business. There was some de-
crease in activity later in the day, but
the tone CT the market continued strong
and prices Of number Of bonds Of the
middle grade moved up from one to two
points. Some CT the high grade bonds
showed heavy gains. Total sales 81
250,000.
The total sales Of stocks to-day were
435,500 shares Quotations closed bid:
Do preferred ........... ................ NA
Baltimore and Ohio Observation-Disclosures. RA
Canada Pacific ............. ........... S044
Central PACING ....................... LIZA