Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-10-21
Government bonds, weak.
State bonds. inactive.

Government bonds, weak.
State bonds. inactive.
Railroad bonds, steady.
Stocks-Considering the apathy and
Indifference which have recently been
manifested on the stock exchange the
resistance made to-day to the pressing
influences existing on all foreign Sc
curity markets was rather remarkable
Even at the opening, prices refused to
yield to a parity of those established
in London for Americans, but out OPEN
ing and the rather heavy volume of of
ferings for London account was easily
absorbed at a level sufficietly higher to
make very nice profit for the arbt-
rage brokers. After the London SELL
ing had ceased in the forenoon the
market took on a hardening tendency
and broadened out to very percepti-
BILE extent. Prices of the grangers and
other railroad stocks, including some
in the list of those dealt in on foreign
exchanges, rose above yesterdays level,
Or at the least, retrieved the earlier
losses. Many recently inactive stocks
were brought into the movement, and
there was a resumption of the buying
in small lots of some of the well-se-
cured dividend-paying stocks. The eX-
PLANTATION of this lies in the fact that
Europe's position is, to a certain ex-
tent, our meat. The striking evidence
of this was disclosed in the grain and
provision markets which were all eX-
cited and higher on the eager COMPETE
ton for our products rejecting from all
European markets, as result Of the
fears of coming hostilities between
Great Britain and France. With a
wheat crop of unprecedented dimen-
sions to move. this development was
bound to have an influence on the grain
carrying roads In former times the
threat of war in Europe has brought
with it the dread that the large foreign
holdings of American securities wouls
be forced to liquidation on the New
York market. The indifferent mood
in which this possibility was viewed
to-day is a striking proof Of the large
reduction which has been worked in
the foreign holdings Of our securities
as payment for last years large trade
balance in our favor. What trade bal
ance. and the continued movement e,
our favor are also the ground of the
indifference of the money market
abroad. European government securi-
ties declined a sharp fraction, and
money rates advanced in sympathy at
all European centres. Yet the only eff
feet in the New York market was to
harden the rates of foreign exchange
a fraction As for the local money
market not a ripple was caused. and
rates for call money actually declined
70 ~ per cent against the recent mimi
mum of 2 per cent, with range up
To 21b per cent. The strength OF this
countrv's financial position could not be
more strikingly illustrated. Sugar
fond support at a moderate decline, and
tobacco waS firm all day.
Total sales, S1,765,000
II s IS declined 1ac, the IS, coupon.
nc and the old Us, registered, the new
1s COMMON. and the IS, registered, sc in
the bid price
NE. 700 shares. Quotations closed bid:
Atehison 80 ''''''''''''.''''....... s95s
DO prefeT and Ohio .........::. i
Canada Pacific ..........-.........-.. s ~
Central Pacific 49, ............'.- - a., =
Chesapeake and Ohio ................. 2Is
Cbicaro and Alton ...........r......laS
Chicago BURLINGTON and Quincy......1 1l%
Delaware and Hudson .....: :...-.E2
DeIaware. Lackawanna and Western. 40
Erie new. forred '.'.''.,.... ssss
Mort Wayne ....-... ..-............-....I.l
Illinois Central ..-...... ............... lo.S4
lake Erie and Western .............. X
Do preferred ....--.. ............--. IS
louisville and Nashville .............. -
Manhattan L .......... .................. wv
Metropolitan street Railway .1sa
Michigan Central ....-... .-......--.1a1u 20,
missouri Pacific ........ E2ls
lew Jersey Central ........... BIZ
~ York Central ......:;1d l 15,s