Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-15

N0
Stocks-The stock market has re-
Gently emancipated itself in a large
degree from the influence of Sugar.
Tobacco and like uncertain quantities..
but the violent gyrations of Sugar in
tc-days market could not but have a.
rather unsettling effect. Quotations
were almost lost at the Sugar post al
the opening and were recorded all the
way from 125 down to 124. Before
noon the price was quoted at 119. and
again before the close it went back
to IA The early decline was based
ON the fall in the loaning rate. which
was taken to indicate the conclusion
OF the squeeze against the shorts and
the subsequent recovery came with
the announcement of the advance in
the price of the product by the COM
paines alleged to be engaged in trade
war OF determination. The enormous
volume of the transactions in this
speciality gave it necessarily some
sympathetic influence on the general
list. The opening quotation for Atch-
lSon prefer ed also ran all the way
from Al to AZ on the simultaneous
sales OF $500 shares. The high price
proved too much to sustain and it ran
on IN the first hour, carrying the
whole railway list with it. Atchison
preferred more than recovered later
in the day and sold as high at 424.
The adjustment bonds We're also in
heavy demand and rose at one time
Us. But the railroad list generally
showed tendency to drag and recent
leaders were sustained at a level above
S9fnrdGV'S will
spite of the additional ADVANTAGE of
some very striking gains in usually
inactive stocks. Finding the difficulty
OF moving the recent leaders specula-
ton showed a tendency to turn in the
lower priced stocks. The Southwest
ern railroads were most conspicuous
probably in sympathy to some extern
with Atchison, Missouri Pacific Texas
& Pacific, St. Louis and Santa Fe
second preferred, St Louis. South
western preferred and Kansan &,
Texas advanced from a fraction to
IL points. In addition the Flint &
Pere Marquette stocks moved up two
points EACH Kansas City, Pittsburg e
Gulf advanced an extreme ga, and
Chicago & Alton 1874, touching 1877.
The Pittsburg & Gulf bonds also show
ed marked strength. These two lat
ter movements were associted in Wall
street gossip with the Iumored change
of control in Chicago & Alton. In the
industrial list conspicuous gains were
achieved by the National Biscuit
stocks, Spirits preferred, the Interna-
tional Paper stocks, Linseed Oil and
Manhattan. The Changers and the
sPacifics and the Iron and Steel stocks
showed an increasing heaviness as the
day progressed and some fell below
Saturdays close. while none of them
show net gains of more than frac-
ton. The money market was active
and rather firrner to-day and some
apprehension is felt of future rise
in rates, the more so as London sold
stocks in New York freely to-day as
safeguard against gold movement to
New York. Atchison adjustments
continued to lead the bond market
and there was notable activity in Wis
consin Central firsts. which declined
rs, and in Texas & Pacific seconds In
comes and some other middle grade
and low grade issues at advancing
prices. But some of the high grade
per cent bonds which have recently
been conspicuous for strength includ-
ing the Atchison, Northern Pacific,
Union Pacific, Erie. Reading and Nor