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

PC5La l-OtlOOA HAdHcidl caDIe2r2m:
The stock markets here were quiet
and featureless to-day. Americans
opened good, became weak On reports
OF the snow storm il the United States
bid rallied at the close Buying is act
i've here bat very professional.
New York, February Money on
call easy at 113@1A per cert; last
loan LA per cent.
Prime mercantile paper 3@4 per
cent.
Sterling exchange frmer, with ac-
tual business in bankers bills at
81 S4al for demand and at 81 S215@
S224 for sixty days.
Posted rates 81 1904 831a@4 S6.
Commercials bills 81 So
Silver certificates 56M Q57Mc,
Bar silver 563sc.
Mexican dollars 45Ac.
l. S. rcw As registered. .12Slh
T. s. new Is coupons (ex-inD. .12S1s
T. s. 4S registered. .........,............11
l. S. Is coupons. ........................ll4 12
L. $. 2ds....:. ;....................... 59l2
T. $. rs REGISTERED. ......................l1 1874
I s. 3S coupons ..'..'.............-.... .ll3ll
Patic 65 OF 50 ..........................1 1871
Ternments-Strong.
S.ates-Dull.
Railr0ads-Strong
Stocks-The stock market to-day had
lead of liquidation to carry still
heavier than that of yesterday, and
there were fewer prominent stocks to
exert & sustaining force by special
strength The heavy offerings were
we'll absorbed and net declines are for
the most part confined to fractions but
are general. For time after the open
ing there seemed to be no diminui-
ton from yestrday's activity. There
had evidently been a large accumula-
ton Of outside orders over night and
London was also a buyer of stock.
This demand was satisfied, however,
without effecting any marked advance
in price. offerings being very large.
Later prices began 10 yield under the
weight of continued offerings. but the
pressure was not great and the market
fell into dizziness, holders apparently
being content to await a rally to con-
tnue the liquidation. The rallies were
helped by the continuing strength Uf a
number of stocks and especially Union
Pacific and all its securities. The
strength OF these gained during the
day and the stock closed at the highest
at q net advance OF over point. Bal
timore & Ohio showed early weakness
but rallied 23a on an unauthorized as
sarrion that the reorganization plan
mad been agreed upon. Upon the de-
NAL of this the stock fell away, but
closed with a small net gain. The
Ohio soft coal roads gave evidence CT
strength en- the better outlook for the
coal traffic, and reports of an agree
ment amongst them for its distribu-
ton. Des M0ines & Fort Dodge made
a conspicuous movement Of 3}s per
cent. There were some very marked
gains among the usually dormant
stocks such as Great Northern pre-
ferred, Chicago & Eastern Illinois pre-
ferred, Cleveland, c., G. s. St Louis
preferred, Adams Express, and Sus>
Quehanna &c Western preferred. There
were periods of strength in CHER
stocks during the day notably the To-
cal traction companies, Western Union
and General Electric, but the order Of
The day was profit taking and this ten
dency extended even to Northern
Pacific preferred upon which there was
quarterly dividend of / per cent de-
cared late in the day. London boug%
some stocks early in this market But
sold more later, which probably aad
an influence in giving d somewhat
suffer tone to the exchange market.
1t is to be noted, however that a part
Of The cash from the interior which is
being received III New York is due
10 remittances on account Of Austral-
ian gold received at san Francisco to
the order Of the New York houses.
There was a noticeable growth of &C
tlVltT in the commercial paper de-
par,mont of the money market to-day,
tue supply showing decided increase
bat without any quOtable effect on the
rates. Tie rates for call loans worked
10 lower basis in spite of the with
draWal Of the second ten per cent in
stalments Of the governments de-
poSts OF the Union Pacific payment.
This withdrawal was called for to-
morrow but most of it was made to-
day.
in the bond market the Kansas
Pacific consols were the most conspic-
lions feature, with an advance of 8$s
per cent to 110;s. Other bonds of the
Kansas Pacific advanced l to points
on the belief that they would be in
GUIDED in the Union Pacific reorganiza-
ton with or without an arrangement
|ltn the government. The bond mar
ket generally showed a continuance of
activity and prices continued to adj
vance Total sales SIS, 100000.
u. S. new As advanced &c bid, the
coupons eX-dividend
Ihe total sales Of stocks to-day were
40l1S0 shares.
Quotations closed bid:
6 f9,l|on ..::i.... .....,............ =
~. HiNleFTeu .......-.................. ol1s
ii'org anG ONO ACKNOWLEDGEMENTS. l6
tt..Nt ric'ilH .-.-......, .......-....... y
,tt-tHi 'ftCltit OBSERVATION-DISCLOSURES. l3i2
~. axe ana ONO ...............t.. Z4ls
leago and Alton ACKNOWLEDGEMENT 1864
nteago, Burlington and Quincy. 1884
y aware and Hudson .................1l3
Te.4W&re. Lacl1awanna and Western. 1564
I,... ~ - ne -.'.'....-.... ....-.t.........liV
f o,.l SGentr2l ,:....... 106
i'4ae A.rie and Western ............... 1e15
II