Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-30

Commercial bills, 4.Sl.
Silver certificates. 6O13061k.
Bar silver, 59Ac.
Mexican dollars, 46ssc.
u S new IS ..............1 OoB
U. q new is registered ........ 275sel2asz
Do coupon
y as ii5l4 vii-7z
Is,. coupon ........................l as
L. S. IS registered ........... .11254@113
Pacific Gs of '95 ................. .102A
Government bonds firm.
State bonds firm.
Railroad bonds irregular.
Stocks.-Proit-taki was the order
on the stock exchange to-day. Some
attempt was made to resist the declin-
ing tendency, but the persistent selling
to realize discouraged the effort and
support was finally withdrawn
throughout the list. Yesterdays
strong demand for London account fell
off to-day and it was generally sup
posed it would when the effect of this
buying on the sterling exchange mar
ket was remarked. The approach of
exchange to the gold import point re-
suited in an advance in the private dis
count rate in London again to-day,
and this caused q rise in London ex-
change at Berlin which continues to be
the real centre of the pressing need OF
money. The stiffening of the discount
rate in London did not avail, how
ever, to prevent 4 further weakening
in sterling exchange at New York.
osted rates were reduced half cent
and the actual rate for demand sterl-
ing fell to. 4S5A under the large Offer
ings of grain and cotton bills against
exports. This is the level for exchange
which brought gold on the recent
movement, and there is little doubt
that gold would have been engaged in
London for import to-day had it not
been for further rise in the price of
the metal in that market, bars advanc-
ing a half penny to It's lid, and
American eagles Il penny to 76s SAD.
London ceased to buy Americans un-
der the stress of this threatening con-
dition in the exchange market. Never
theless the market showed advances at
the opening here and was sustained by
heavy buying of the grangers on the
Burlington statement. 1t was evident,
however, that part of the recent buy
ing of the grangers was In antlcipa-
tion of this statement, and the same
was evidently true of Union Pacific,
which, with a large increase in gross
earning and reduction in operating eX-
penses, showed an addition to the sur
plus of $3O7,S91. The publication of
these statements was therefore met
with heavy realizing. There was in
addition continued realizing in Atchi-
son preferred, and some selling of
Northwestern and Omaha by holders,
who were disappointed at the failure to
increase the Northwest dividend.
There was strength amongst the
Southwesterns and some Southern rail
ways, Central and Southern Pacific and
a number of specialties, including an
extreme rise of 5A in Sugar and an
upward movement. also, of some of
the low priced stocks remote from any
dividend chances. But these were in
sufficient to counteract the general
downward tendency which finally pre-
vailed and made the closing weak at
the lowest prices generally for the day.
Edison Illuminating of New York made
a conspicuous advance of ID points to
165.
There was strength in few points
in the bond market but the general ten
dency of prices was downward in SYM
pathy with stocks. Total sales, S4 105,-
900.
u. S. IS advanced "a, and the 3s, "a
in the bid price.
The total eoles of stocks to-day were
574, 800 shares. Quotations closed bid: