Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-10-27
FINANCE IND IRA)E.

Posts financial cabiegram:
The stock markets here opened dull
to-day but closed strong at the top
prices en- bears scrambling to cover
lines put out during the decent fall.
investment stocks attracted some genu-
inc investment buying this morning,
which frightened the bears and this
evening the scramble was increased by
unconfrmed rumors that Major Mar
chand had asked the Egyptian govern
ment for a safe conduct from Fashoda
in consequence of an outbreak of fever
among his followers.
Americans were strong on New York
support and closed at about the best.
New York, October 26.-Money on
call easy at liz az per cent; last loan 2
per cent Prime mercantile paper 80
4 per cent. Sterling exchange strong
with actual business in bankers bills
at 81 851a@4 1914 for demand and at
81 S21a@4 S2s4 Tor 60 days; posted
rates 81 S3Q4 S31z and 81 S61a@4 81.
Commercial bills u 81. Silver certlfi-
Gates 6O@61. Bar silver 6OAc. Next
can dollars 47Ac.
U. new As registered ......... .l2oas qlZl4
Do. coupon ....................!zt "a 1852
U. S. As ..........................1l O944l1I
Do Eos OBSERVATION-DISCLOSURES. ~
U. S. IS registered ......~....... 111a4 Q11Z12
Do. 5S coupon .....................l1o QlI912
Pacific 6s OF 50 ............... 10212
Government bonds, firmer.
State bonds, inactive.
Railroad bonds, strong.
Stocks The market showed ten
dercy to fall into quietude again to-
day as though in sympathy with the
duilness and uncertainty on foreign
exchanges. But there was a quiet alb
sorption Of standard stocks all through
the list, a generally firm tone and
marked strength in a few cases, so
that the average of prices is quite
materially lifted as the result CT the
days trading. The reactionary ten
dency in the wheat market, the fal-
ling off in the export demand for both
wheat and corn and the weakness in
the foreign grain markets were appar-
feet. emily without effect. The rea-
son for the APPARENTLY illogical move
ments for the past few days obviously
is that the marke is entirely in the
hands of professional traders without
any participation by the outside pub
lie. When this class sell it is simply
with view to buying at lower level
and their manOevures can only prove
successful where they induce a full fol-
lowing to take the poor end of the
bargain. Where there is such follow
ing, there is nothing to do but to re-
trace their course by selling or buy
ing as the case may be, the final opera
tiCns being made in opposition to the
eliminating factor on which the spec
ulatve committee has been made. The
exciting cause Of the traders activities
of the last few days having subsidized
the market became comparatively dull
to-day and the traders betook them
selves to the highly speculative int
dustrials. Tobacco moved feyerishly
below yesterdays level and sugar was
on long transactions without any de-
Enable reason in either case. The re-
covery in sterling exchange was the eff
feet of the renewed stringency in the
London money market caused by the
needs OF to-morrow's exchange settle
melh EACHdHSe OH TdTlS showed an
excited tone, rejecting the pressure for
tn movement Of funds from that cen
ter owing to the threatening aspect Of
domestic politics there.
Bonds were moderately active at ad-
vancing prices. Total sales S3,190,O00.
T. S. IS coupon and the old As coupon
advanced nc and the IS reg. 1sc in
the bid price, while the IS coupon de-
clined &c in the bid price.
There was heavy dealings in the
coupon IS at 81 05%.
The total sales of stocks to-day were
357,700 shares. Quotations closed bid.