Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-13

New York, December II. CONNER
cial Advertisers London financial ca
blegram:
Business was small in the markets
here to-day, this being the last day
of the account The tone was cheerful,
the feature being the buoyancy of
Americans, which were very active.
There was fair amount of public
dealing in them and they doomed till
the close, when there was slight re-
action on profit-taking in the street.
New York, December 12.-Money on
call steady at 2A@212 per cent; last
loan "a per cent
Prime mercantile paper 3A@4 per
cent.
Sterling exchange easier, with actual
business in bankers bills at $4.S4A o.
4.84h for demand, and at $4.S1h@
4Sl% for 60 days; posted rates $4.S21s
and $485k.
Commercial bills s4.S01a.
Silver certificates 591a@60kc.
Bar silver $3.50.
Mexican dollars 461ac.
Government bonds strong.
State bonds firm.
Railroad bonds strong.
New York, December 12-StOckS
made very material progress to-day
in the present upward movement and
left off buoyant with advances In
standard stocks ranging from one to
three points, while this rise was eX-
ceeded in many less prominent issues,
namely Pullman, Third Avenue and
Edison Illuminating. The transactions
for the day in stocks and bonds were
on an enormous scale, immense blocks
of securities changing hands at rising
figures Early quotations we're in
strong sympathy with London, where
there was a scramble for stocks even
after the closing there for the new &C
count which opens tomorrow. Com
mission houses were in receipt Of
many orders to buy at the market and
the volume of this offset frequent eff
forts to depress value. Effects of
December were almost uniformly
traffic earnings for the first week in
favorable, as were several belated No
vember statements of gross earnings.
An incident exerting favorable effect
was the receipt of $3,000,000 in COLO
from rance anu LOuuOu. Hc iii
mense demand for bonds, in which the
transactions to-day reached over So,
100000, exerted a favorable influence
in stocks, as they had a tendency to
discount January dividend dlsburse.
ments. Atchison preferred On trans
actions of 100000 shares went up 3si.
THE heavy purchases were made by
brokers identified with prominent in
terests active IN other properties. The
drift of speculative activity In the
grangers was interpreted favorably.
High priced investment stocks like the
grangers' preferred, Great Northern
preferred, Pullman, New Haven &
Hartford and Albany & SusQuehanna
rose sharply. Excepting Sugar, the
industrials tended upward. -,>S York
Central's price crossed that OF Penn
sylvania. The coalers on favorable
trade outlook were conspicuous for ad-
vances. General Electric responded to
reports of sales of its product aproa1.
The Pacifics were strong with the rest
of the market, Northern Pacific over
coming the early heavineSs due to the
reports that the company favored ex-
tensions into Oregon on Navigation
Company's territory.
The market for bonds was one of
Nbe strongest and most active or the
wear. there being many advances of a
noint or more a renewa. of foreign
buying on Considerable scale was
noticeable. 11eeei,lison issues expanded
and great many other noteworthy
gains were cnronic1ed in leading mort
cages. Total sales, SS,460,000.
United States new As, the old As
coupon and the IS reg. advanced Is
in the bid price.
Quotations closed bid: