Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-10-18

RallrOad DOnGS WEAK.
y. s. new iSsIt
Y. s. new As registered.
u. S. new As coupon. ....................Iz d12
u. S. As registered. .............-. ..llo3s
" =. As coupon. co
u. IS. 2QS. %
Pacific 6s of 9j.......................... .1O212
Stocks-A scrutiny of the list OF
changes in prices to-day will show that
nearly all of the railroad stocks dealt
have net gains of small fraction. Con-
sidering the number OF unsettling cpl
sodes in the days market these gains,
though small, indicate a strong resist
ing power in stocks. Although inc
opening was slightly higher in synpa-
thy with the rise in London, the ten
dency of prices turned downward early
in the day under the influence OF
break in Tobacco on apprehension tnat
the Supreme Court would deliver to-day
a decision unfavoraDle to the railroads
case to test the legality of the JOINT
Traffic Association. Although this de-
cision has long been anticipated and
although the opinion is almost unlver-
sally held that it is to be unfayorable
to the railroads in consonance with the
decision in the Trans-Missouri case
TIE Uull party SAONo lCdI LllAAiOAly 90
to the effect of the courts ruling. The
coalers were subjected to attack by the
bears and the valuation of the stocks
lowered to an extent surprising even
for these much belabored securities.
New Jersey Central fell an extreme 51a
and the decline in the rest of the group
ranged from y to 3. The prices OF
Lackawanna was bid down over II
points from the last sale, but no stock
was offered. About the same time Met
ropolitan Street Railway broke 81
lowest price: Of III" day. Nole If n"
active railroad stocks fell ever II
points net The weakening of the new
Federal steel securities after the open
ing activity ana strength was also a
bear factor. Tobacco was dealt III MI
nus the dividend of PER cent, ard l3s
in addition was knOcke1' OF The price.
Then came support and before The case
of the day the shorts were driven TO
cover by rise Of 81. Sugar was also
we'll supported all day. London was
a buye in this market, especially OF
the Pacifics. The covering by tie bears
in the coalers worked rec0Verie5 rang
ing up to "a on New jersey Central
and the news that there Was 40 decls-
ion in the Joint Traffic Association case
induced covering by room traGers IN
the general list. Manhattan was strong
one time 555 The closing was firm at
one time 55s. Tha closing VS. firm at
the top.
There was a notable tirmness in the
exchange. market notwithstanding very
heavy offerings of bills against gain
and cotton. The demand came from
bankers and others for investment Tor
the purpose Of placing loans at the
higher interest rates existing III L.oE-
don and Berlin. This process operates
to sustain the local money market also,
as it is in effect a draft oil the re-
sources of this center for the OenenC
of London ard Berlin. There IS an
abundance of money offering here new
ertheless, and the tendency continues
towards greater ease.
Railroad bonds weakened in sympathy
with stocks, but showed a partial recov-
cry towards the close. Total sales
$1,510,000.
The total sales of stocks to-day were
247,9 800 shares.
u. S. IS registered, the old As coupon
and the new As advanced "A and the IS
coupon, the old As registered ana the os
u per cent. in the bid price The
highest price. Quotations closed BID:
A+obieo, ................ 1925
N - l42N 49, 9 .rrad .... $685.
-. y 80 ohio ........ 443i
6altlIlIoi56 @H fGo Oi'i0 . o
ISInea+ao1tla md Ohio ....,....... Il 4
SS,i;Il a,,d A1top .........152
Chicago. Burlington and Quincy. .....l+4s
Naioy,-a 70 and Hudson ............... l0212
D Di e. r ooi,awanna AND Western $40
80 " o. 1901 :, 1851
Lake Shore .IgyA
l.oulsVllle anu -NS'9AN 7G9 %
Na7f1 Ia,saV Cantral ' s.
NeM 80 - SSo,troi Oh 115H
SE"w.t-on,, toocifn AO1g
~ ~, 49,, - -- 1ea
3i,.S5;ur7 80 1eE
~ frr+ nraferrad 3S3,
Don1 1l7Lt
M prafarrad 15gIo
70 pi ,', pn 81 30 y
Coutharn Railway Observation-Disclosures. So
9u.io 80 ~ e - CO 9t$-
49, a,1d ooc;6c -
ITnion Do oific nreferred 653s
JTbeaIinor and I AXE Erie .......... 33S
" " ~ ,rrefarr 800 III?
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