Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-17

8. S. new As, registered. ........ .1267sa12ll@
Do coupons ......................l11 4N,A
.. S. 4S..... ~ s4141A
DO coupons OBSERVATION-DISCLOSURES LIZA
Do 2ds....... .............., so1s
U: s. IS, registered. .......... 1l5% gig
Do IS, coupons. ..................l1 IL u44o
Pacific 6s of So. ................lU- 12
Government bonds easier.
State bonds firm.
Railroad bonds weak.
Stocks-Apparently the watchers
who have been waiting for reaction in
the market to buy stocks, made up
their minds that this mornings de-
cline was the most that could be looked
for under the circumstances, and they
accordingly came into the market IN
great force and before the end OF the
day had wiped out the earlier losses
almost entirely and established
higher range of values than yesterday
throughout. Although the gains are
in nearly all cases confined to frac-
lions, the extreme rise from the low
point in the majority of active stocks
amounted to one per cent. or over, and
the closing was active and quite
strong at the top. Morning losses
were not made without resistance, not
ably by Atchison preferred, the Union
Pacifics and some of the specialtics.
Chicago & Northwestern and Omaha
also showed strength before the break,
but the very heavy offerings OF the
Northern Pacific stocks proved too
heavy burden for the market to carry,
especially as London continued dis
posed to realize in the international Sc
curities The Northern Pacifics fell
over a point below last night, and the
whole list receded below last nights
level There was some stop loss or
ders uncovered on the way down, but
orders in commission houses to buy
were encountered in an increasing
amount, and the sharp advance in the
Northwestern stocks and Omaha rang
ing from IL to 3%, turned the whole
market upward. The advance for the
rest of the day was not entirely unin-
terrupted but the marked strength of
International paper, Sugar, Pacific Nal,
B. G. o. and few other stocks and
the enormous demand for Atchison pre-
ferred kept the bull spirit in the as
cendant and discouraged operations on
the short side. The selling for Lon
demand at the lower level. These
were for the most part simply arbitrage
operations based on the disparity be-
tween London and New York prices
The session of the Paris peace con-
ference and the fixing Of date for
future meeting afforded some relief
from apprehensions of a rupture which
have prevailed in London. The fact Of
the Berlin exchange being closed serv-
ed to check recent large selling of
American securities which has come
from that quarter Oh account Of the
money stringency. In the local money
market, although sterling exchange
held steady and New York exchange
at Chicago fell to par while the cur
rency movement on balance continued
away from New York, the rate for call
money eased off a fraction towards
the close of the day and the demand
for some money was less active. There
are evidences Of decreased anxiety over
the effect of the Berlin money situa-
ton in other financial centres.
There was falling off in activity in
the bond market and heaviness in
sympathy with stocks, though the
tone improved before the close
Louisville, Evansville & St Louis con-
soils trust receipts rose seven points
over yesterday and II points over Mon
day. Total sales, $4,375,000
United States new tours coupon de-
clined Il in the bid price.
The total sales of stocks to-day were
530100 shares.
Quotations closed bid:
Do preferred Observation-Disclosures. Az
Baltimore and Observation-Disclosures. Sis
Canada Pacific NEUTRALITY-SUSPICIOUS.. 81
Canada Southern Observation-Disclosures. 54H
Central P3clfc- Observation-Disclosures. y