The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-02

prominent stocks to exert q sustaining
force, by special strength. The heavy Of
ferlngs were well absorbed and net de-
cllneG are for the most part connned to
fractions. but are general. For tine
after the opening there seemed to be
10 dlminultlon from Yesterdays actiY-
ity. There had evidently been q larBe
accumulation OF outside orders over
night and London was also buyer OF
stock. This demand was satisfied, how
ever. without eifecting apR marked adj
vance In price. offerings being very
large. Later prices began 10 Yield un-
der the weight OF continued offerings.
but the pressure was not great and the
market fell Into dullness. holders mp
parently being content to await rally
to continue the liquidation The rallles
were helped By the continuing strength
OF number OF stocks and especially
Union Pacific and all Is securities. The
strength OF these gained during the.
day and the stock closed at the highest
at a net ndvance OF over u point. Baltl-
more & Ohio showed early weakness.
but rallied 2S per cent on an unauthor-l
lied assertion that the reorganization
plan had been agreed upon. Upon the
denial OF this the stock fell AWAY, but
closed with small net gain. The Ohio
soft coal roads gave evidence OF
strength on the better outlook for the
coal traffic and reports OF 40 agreement
amongst them for It's distribution. Des
Molnes & Fort Dodge made conupic-
nous movement of 3S per cent There
were some very marked gains along the.
usually dormant stocks. such as Great
Northern preferred Chicago &: Eastern
Illinois preferred, Cleveland, Cincinnati,
Chicago G. 81. Louis preferred, Adams
Express and Susquehnnna & Western
preferred. There were periods OF
strength In other stocks during the
day, notably the local traction compan-
les, Western Union and General Elec-
trio, but the order OF the day was pro-
ft-taking and this tendency extended
even to Northern Pacific preferred up
on which there was a quarterly. divi-
dend OF per cent declared late In the
day. London bought some stocks early
In this market, but sold more later.
which probably had IN influence in Civ.
Ing somewhat sitter tone to the ex-
change market. tbs to be noted, how,
ever, that a part OF the cash from the
interior which Is being received In New
York Is due TO remittances on account
OF Australian gold received at San
Francisco to the order OF New York
houses. There was a noticeable growth
of activity In the commercial paper de-
partment Of the money market to-day,
the supply showing decided increase,
but without any quotable effect on the
rates. The rates for call loans worked
to 4 lower basis In spite OF the with
drawal OF the second ten per cent IN
s,allments OF the governments deposits
of the Union Pacific payment. This
withdrawal was called for Tomorrow,
but most OF 1t was made today.
In the bond market the Kansas Pa
citc consols were the most conspicuous
feature. with an advance OF SIS per cent
to HOE.
Other bonds OF the Kansas Pacific ad-
vanced i TO . points TN the belief that
they would be included In the Union PSI
clfic reorganization with or without ar
rangement with the government. The
bond market generally showed contln-
uance OF activity. and prices continued
TO advance. Total sales s6,li0,000.
United States new As advanced Is per
cert bid, the coupons ex-dividend.
The tosal sales OF stocks to-day were
40l,1S0 shares.
Evening Posts London financial ca
blegram:
The stock markets here were quiet
and featureless to-day. Americans
opened good. became weak on reports
OF the snow storm in the United Stntes,
but rallied at the close. Buying Is active
here. butvery professional.
BONDS AND STOCK QUOTATIONS.
U. s. new IS reg. 12Sh Iore. II. & Nav. $751;.