Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-02-03

sterling exchange strong with actual
business in bankers bills at $4847s %
ass for demand, and at $482% @4S2 "a
for sixty days. Posted rates S4831@G %
4S6. Commercial bills $4.S2.
Silver certificates 56M @57Ac.
Bar silver $3.50.
Mexican dollars 45Hc.
/ s new As registered. ..........12S
L. T. new As coupons. 1881
L. S. IS registered. ......................113
L. ;. As coupons. .nfl2
= :. IDS. OBSERVATION-DISCLOSURES. HS1a
l. S IS. registered. ......................1l3 l
L. s. IS coupons. .........................1l 3
Government 2nds irregular.
State bonds dull.
Railroad bonds firm.
Stocks.-The stock market was I'M
Ger liquidating pressure to-day. but
The strength Of some special stocks
and manipulated advances of others
made the market exceedingly uneven.
There were numerous halts in the IL
quotation during the day and partly
successful attempts to achieve rallies,
so that the day was Of constant
,hanges, some stocks mounting up
ward strongly while the market was
ending downward. There was every
evidence Of continued heaviness in
selling to take profits in some of the
most prominent favorites in the recent
speculation, notably Northern Pacific,
Union Pacific and the Vanderbilts.
Quite large element of the profess
sional traders sold the market with
coed deal of vigor and confidence.
Nevertheless, offerings were very well
absorbed and most of the net losses
Of the day are confined to fractions.
The early transactions showed posi-
tive strength under a combination OF
influences. Among these was consid-
cradle buying for London, especially OF
Ontario {. Western. There was quite
large volume of buying orders from
commission houses also during the
dav. The new securities OF the Union
Pacific Company in the unlisted de-
partment of the exchange advanced
with something Of a rush over the
opening prices and impaired strength
to, the whole market Baltimore q
Ohio advanced ~ over yesterday S
high point. With the exception OF &C
cumulated buying orders, the bearish
tendency of traders grew and obtained
the ascendency There were various
reasons given to account for the de-
cline. Among them was the cutting
Of rates between Minneapolis and chi
cago and the apparent helplessness or
agreement to rates On the expected
Klondike business. The Changers
showed themselves especially sensitive
and were hurt also by a growing APP
prehension over the outcome of the
Nebraska maximum freight rate case,
which IS awaiting decision by the SUI
preme Court. Great Northern prefer
red added more points to its advance
of yesterday and its subsidiary COM
pany. Manitoba, Minnesota. Iron and
a number OF active stocks showed
marked advances. The Reading stocks
we're strong on rumors of the sale in
London of about S6,0C0,000 Of the COM
pany's bonds. Norfolk G Western pre-
ferred gained sharply on the dividend
declaration. Notwithstanding these
exceptional elements OF strength, the
general tendency of the market was to-
ward weakness Rumors Of losses sus-
tanned by local bank through injudi-
cious loans encou, 2ged the reaction
lists. The rates for exchange hardened
a shade Of investment demand induc-
ed by the low rates for money, which
The days exchanges at local clearing
houses went to the enormous total OF
S2G4 POI 925 rejecting some very heavy
financial operations. The details OF
this could not be ascertained.
The bond market continued strong
On a large volume of dealing. The
Kansas & Pacific consols were decid-
eddy unsettled, first advancing frac-
ton, then reacting to 100 and later re-
covering to 110$z, net loss OF Is. Tot
al sales, $5,000,000.
United States As declined IS bid but
there was an actual sale of the coupons
at an advance of Il.
Total sales of stocks to-day were
100000 shares.
Quotations closed bid:
do preferred .........-......'..' .'.''' rs
Baltimore and Ohio ......,.-.-....-..' ~ :
canada Pacific .........-.--. ......''.'.' .. 4
central Pacific ...............-....
Chesapeake and Ohio ..........-...-.- as
Chicago and Alton OBSERVATION-DISCLOSURES. lo552
Chicago Burlington and Quincy. 99,2
Delaware and Hudson ..............-..lla
Delaware. Lackawanna and Western .11of2
fNFt WAYNE ......,.-......-. .'...-'.....inc
Illinois Central OBSERVATION-DISCLOSURES 100
Lake Erie and Western ............,..- lst2
10 preferred -...,...,...--s--.' -.