Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-02-12
Mexican dollars, 46Ac.

L =. 4s coupons. ...........,..........l l4t2
IT, s. ACKNOWLEDGEMENTS. 100
l. Il rs registered. .........-.,..........1l3 5s
L $ IS coupons. ....,.-............. 1898
Pacific 6s OF s5........,,...-.......... .l0i
Government bonds weak.
state bonds dull.
Railroad bonds irregular.
Stocks-Ihere was a profit taking
quite q heavy scale III stocks to-
daT said 10 be for the account of one
O.. tHe principal bull operators. The
interval OF TWO days before trading
Will be resumed on the exchange was
tie motive for closing up some &C
c9aLts Is is always the case on the
eye Cf a double holiday. The sharp
advances in some stocks at the open
ing afforded the more favorable oppor-
t0uily for realizing profits. The OPP
tuu5 rise was largely influenced by
Tie higher quotations for Americans
sat from London and was also helped
Dr. The marked strength of one or two
specialties, notably Metropolitan
street. Railway and Peoples Gas, the
latter on published report of the COM
paay's finances. London bought here
On q considerable scale and helped to
sustain prices TO some extent. But
the offerings We're not well ABSORBED
anil support was largely withdrawn.
The weakness of stocks encouraged
the putting out OF short lines. The
covering of some Of these before the
close brought them to q level mater
tally above the low point, but still
left net losses as a general rule. There
were some very striking movements
Of prices in special cases. Metr0poll-
tan Street Railway continued its re-
markable advance, at one time
points but closing ? points below that.
q hird Avenue was up at one time 612
points on the announcement OF the
acquisition of a large connecting sys-
tenn. The stock, however. reacted
points before the closing. Some oil
The notable recent advances were due
b. The rum0red tendency of plans for
the distribution of the surplus re-
sourcees to the credit of some Of the
ett-edged properties. The prevailing
abundance of money is said to make
The care of these surplus funds IN
creasingly burdensome. Such prop
eIty is Pullman, which advanced an
additional point to-day, but reacted
noirts in the closing dealings. Adams
Express was ex-dividend OF per cent
ana ex-llo per cent in bonds to be eX-
changed Tor stocks of the company
The days dealings in bonds con-
tinued on a remarkably large scale
single lots Of par value from $4,000
up to S15tG50 changing hands fire.
quenLE The par value of sales for
the dag Of Atch-4on adjustment As
alone was S320.G01 Some Of the spec-
r.
sympathy with stocks, but the general
tendency was upward.
There has been a strong tendency to
reaction in the stock market at times
during the week. principally due to APP
prolcnsjons regarding the Cuban ques-
non. Early in the week the market
was sold very aggressiyely by houses
Wj.h Washington Connections and this
was predicted as being induced by
belief that affairs with Spain were
reaching a critical stage. The man
ner in which the outcome Of the De
Tome incident was accepted in Wall
street. induced large covering of short
contracts by these same Washington
sellers and the market rallied strongly
on Thursday, but this rise was attrib-
utel by some persons to manipulation
il' resumption of rea ling which
followed to-day's advance, gave color
10 This superstition The market seem
~ 10 be in the hands of giants in
speculation, and they refused to offer
their holdings on q declining market
S, long as it is capable of being check
"a by support. That the market is
heavily over bought for great specula-
tive accounts. looking to be ultimately
sold fer profits. is generally belived.
7 hat lhe general public has not thus
far been induced to come into the
market and absorb these long lines
III any volume is indicated by the dis
regard Of current news manchester by
the market The enormous demand
tol all grades of dividend and interest
taying securities not already advanced
10 prohibitiye figures shows the large
amount of money seeking investment
ana aGords great material support TO
the more purely speculative depart
ment Of the market. The plethorlc
condition OF the money market and
tae cbeapness of rates tends to lessen
Che return on investment securities
also by raising the price. Increases
ia abroad earnings and promises OF
added profits by consultations and re-
.undings are discounted in proper
tonal rises in prices soon after being
announced. The buying of stocks On
t5e New York exchange for London
account has been heavy during the
Week. and the demand for Americans
having been quite active in London
and az other foreign centres. Besides
these recorded transactions there are
reports Of very heavy blocks of Sc
corities having passed TO the hands
81 European holders at private sale
FGm the hands of reorganization in
Jerests. In view of this absorption of
American securities a broad and up
ward tendency of the foreign exchange
market during the week is somewhat
contradictory But the easier rates
ior money here have been attended by
sti6ening Of discount rates abroad,
ana this has naturally induced the
Withholding Of exchange in order to
Qfaw the higher interest rate abroad.
Dealings in the bond department OF
me market have continued on an I'M
4lecedented scale during the week.
The speculative issues have moved at
umes in sympathy with the reaction
~ stocks, but prices are materially
higher all around.
United States As registered and the
"a is registered are Is lower, and the
rs higher bid on the week
~ he fetal sales ofstociIs to-day were
0Ss909 shares.