Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-01-31

rates $3.50 . ana S1.c30 70 V4oo. COM
rer.al bills $4.81120AS2.
silver certificates 556M @57Mc.
Bar silver 56Mc.
Mexican dollars, 1850.
r : new As registcea;;. 1919
T. S r." IS couponS..---... ~
T. f. B. FL. S-efeC- ACKNOWLEDGEMENTS us
IS. rs coupons. .............. .ll412
r. #. -.a............ ..-....................1 100
L. t. rs TeSlSte FCd........ .lf3M
t. IS coupons. .....................11i3s
State bonds dull.
raIrOad bonds firm.
Government bonds irregular
ssccAs-At the opening the stock
market to-day looked as though the
orders accumulated by commission
houses over night were to sell in order
10 take profits First sales were very
general at fraction below last nights
price and 2,000 shares of New York
central thrown On the market drove
The price Of that stock down "a. The
Market steadied almost Immediately
and recovered gradually to above the
last level, net gains being, however,
VERT Unequal. Lake Shore vas NEST
conspicuous in its movements, rising
ga points 10 19415, on the reported
plan to exchange 5000 of New York
Central 3i2 per cent. debenture bonds
for each 500 CT Lake Shore stock.
New York Central ultimately tended
strongly upward after W. yering some
what. There was also some taking Of
profits on the advance due to doubts
As ID how Gar the stock would be al
lowed to benefit from Lake Shore sur
,:,ID v4115 lSaTr,G
would be applied to a sinking fund for
the bonds issued in payment Another
strong clement in the market was
Louisville, which advanced over
D0iat on reports that plan for re-
funding obligations at lower rate of
interest was under consideration. This
stock was leader Of the market in
point of activity Northern Pacific
pI-ferred continued to advance on we'll
defined rumors that an additional diVi-
derd is in prospect. Denver 4 Rio
Grande preferred, Northwest, and a
number Of less prominent stocks snow
ed notable gains. These elements OF
strength served to sustain the market
Ind to couIteIact some tendency TO
:lucgishness and heaviness in the gen
nal list. so that net gains were
achieved in most stocks. though they
are small outside the special cases
Mentioned. Quotations from London
his morning showed some depression
n the market for Americans there,
which was attributed to the apprehen
ions awakened in the British mind by
Yesterdays vote on the Teller resolu-
ion in the Senate. The week opened
With a continued tendency toward
'eactiOn and the hesitating tone in the
!arly dealings on Monday gave way to
very positive weakness upon the an
n0uncement that the Maine had been
ordered to Havana This sharp de-
tline seemed to clear the speculative
situation BIZ giving the shorts an o.
pCrJunity to cover and By shaking ont
ha weaker narrow margined holders.
who were regarded as q menace 20 Tie
success of any movement for an adj
vance The character Of the buying at
he decline made it very evident that
powerful interests were taking up
heavy lines of stock with confidence
2nd their aggressive manipulation for
an advance was evident during the re-
mainder of Il week. The most effect
i've factor in their favor was the
sJrong upward tendency CT New York
Central, All first unexplained but made
clearer later by information of a plan
in contemplation for absorbing the
Like shore How much the general
strength Of the market was due to the
influence Of this special movement and
The sympathetic strength in the wide
ly oy.c1dod Vanderbilt group, vas
made evident on Friday, when q real
ling movement in New York Central
l'f rlo market without support and a
reaction resulted. Rock Island was
another sustaining force on the an
r0Hacament Of its refunding plan and
cn He very larger increase in net
Jennings Tor the fiscal year thus far
shown by the presidents statement
R9c Island helped an advance in the
whole If the granger group until the
publication of the December earnings
Of Burlington and St. Paul, which, on
account Of the small increase in net
and large increase in operating ex-
9enses We're viewed unfavorably by the
graders. The weeks statement Of rail-
road earnings have been. as a rule,
very favorable, notably Northern Pa
cae and Pennsylvania. published to-
car. he latter being regarded as an
especially reliable index of the coun-
UFS railroad business. All Of the
securities Of the Kansas e Texas COM
aa0y have been very strong during
th' week on the improved financial
'oNaition shown by reports for the year
thus lar.
he bull operators made use Of re-
Pes 10 anticipation of the Presidents
1eecA on Thursday night and some Of
''@2E S selling was due to realizing
.ya the delivery Of the speech. The
-'@ is advance was helped very ma
'a-T ny thn large buying for Lon
A aeeoant on Tuesday and Weai es-
n.y. but the almost equally heavy sell
-- up the succeeding DAYS from the
-As source made it evident that the
-''a.atlcn was only for a short turn.
~e zone Of the money market has
.gAed easier, Notwithstanding the
7',HaraWal from the banks of the first
per cent installment of the govern
r.sl1 deposit of Union Pacific pay
'Ai5- 1t is evident also that the in
a9lh abundance of money and ease
W fa5es is all that prevents larger i'm
cS o.5 Of gold, as the supply of ex-
is constantly increasing and
s0S lor money in London and Berlin
az&ln hardening Net gains in the
i al list extend I'D to points and
~ .Lo SOeCial+ioc il, 141l IN ol-n Sbora