Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-22
FINANCE IND TRADE.

New York, December 21.-COmmer-
| ciGl Advertisers London financial
cablegram:
| The markets here were dull this
morning, but brisker business was
/ done later in sympathy with Americans
. which opened good and then bounded
upward, Baltimore & Ohio and Central
| Pacifics leading. New York caused a
i small setback afterWard, but soon
| bought Union Pacific, causing a re-
sumption of the rise American sales
began when the market closed, causing
a fat finish. There has been big buy
| ing here with the idea of laying in
! stock for the new year.
! New York, December 21.-Money on
; call steady at 2@212 per cent; last loan
! 2 per cent.
! Prime mercantile paper, 1854 per
| cent.
! Sterling exchange easier, with actual
business in bankers bills at 81 S41aQ
| i 84A for demand and at 81 STAG
4 81 for cixty days.
Posted rates 81 S21a@4 S51a.
Commercial bills, 81 S01a.
Silver certificates 591a@60Aac.
Bar silver 59Ac.
Mexican dollars, 1880.
| L. s. new IS Observation-Disclosures. 10I
l. S. new IS registered ........ 1885 q 11g4s
Do coupon ........................1Z LIS so LZJ3s
| L. S. As Observation-Disclosures. Ill $4ull24
| Do. IDS .............. 99la
| L. S. 0S registered ............... .ll27sdl3 ID
! 10 9S coupon ::.................'l- LIZA u 11s
! Pacific 6S of '95 naturalization. lU218
Government bonds, f1rmer.
| State bonds inactive.
Railroad bonds, irregular.
SUocks.-1he stock market was
! strong most of the day, particularly in
| the late trading. Fractional gains
were general i'll the railways, while the
| advance in a number OF specialties
reached considerable proportions. A
curious exception to the general adj
vance was noticed in stocks where di-
vidends have just been declared, name
| ly: New York Central, Southern pre-
! ferred, and Atchison preferred. In
! some quarters larger dividends had
| been expected. and in the case Of
| Southern preferred and AkchiSon pre-
| ferred statement had been looked
| forward to that they could be put on a
regular dividend basis instead of dis
| bursements from time to time as the
| earnings warranted. A considerable
| increase in its quarterly surplus was
responsible for New York Central's rise
| from the extreme low point, The eff
| forts Of London traders to cover short
| lines in Americans gave tone to the
| local market early. This was particul-
! arly the case in Baltimore & Ohio,
which advanced very buOyantly local
! ly There we're large purchases also
| for foreign account, jOf St. Paul. Most
stocks unaffected by special develop
ments or foreign quotations were free
| ly offered by the traders, but this
caused little more than a period of
! hesitancy and a shading in railway
| quotations. RumOrs that the Chicago
& Alton had bene secured in the in
| terest of Union Pacific and Baltimore &
| Ohio. resulted in a sharp rise in all the
| securities mentioned. Federal steel
| stocks we're bought confidently by the
same parties who have recently been
! large purchasers; at the same time
/ they emphatically denied rumOrS that
| Federal Steel was about to absorb an
other large concern. The Southwest
ern railroads were very prominent in
| to-day's activity and strength, notab-
! ly Texas Pacific.
The bond Market showed irregularity
/ in spots, profit taking being evident in
| Atchison adjustments. Heavy purch-
asses of Texas Pecific IDS were made
| late in the day, which carried them
above 49, The general market, not
! withstanding the hesitancy of some is
| sues, displayed very healthful under
1 tone. Total sales. $5,040, 600.
L. S. old As reg. advanced 1s in the
| bid price.
The total sales of stocks to-day were
| S45. 900 shares. Quotations closed bid:
Atchison ...... ....... ................... 1873
4 Do. preferred OBSERVATION-DISCLOSURES. 5Qls
! Canada Pacific =. NEUTRALITY-SUSPICIOUS.. 81
! Central Pacific ...... 800. ........... AIS
/ Chesapeake and Chic ........ ........... .
| Chicago and Alton go. :....-..........l1
! Chicago. Burlington and Quincy ....122
/ Della ware and Hudson -. ..............105
I Delaware L,ackawanna and Western. 14934
Erie new ACKNOWLEDGEMENTS. liss