Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-02
Mexican dollars 1890.
Government bonds strong.
State bonds inactive.
Railroad bonds strong.

Stocks-To-day the stock market
was again largely Influenced by the
state of the foreign money markets.
Discount rates at foreign centres un-
derwent still further increase to-day,
and the accommodation of these de-
mands by American capital was evil
denced by an advance of NC In the
actual rates for sterling exchange at
New York The resumption Of the pro-
cess of loaning abroad promptly put
a stop to the demand for gold in Lon
don for export for the United States
engagements already made being can
celled and the subsistence of apprehen-
sion on this account in London re-
suited in considerable buying of stocks
in the New York market for London
account. The continuance OF a strln-
gent requirement for money in Berlin
was still shown by the withdrawal or
$1,480,000 additional from the Bank OF
England for shipment to Germany.
The weekly statements OF the Bank OF
England and the Bank of France re-
yealed the fictitious character OF the
recent easing of money rates in Lon
don and in Paris. In the case OF the
former there is loss in gold of near
ly $4,000,000, while the pressure upon
the bank for loans on account OF the
rise in the private discount rate has
resulted in an increAe in other secur-
tiles of over $4,000 600. The Bank of
France has lost $6S0,000 in gold and a
somewhat larger amount in silver,
while at the existing bank rate the
outside market has borrowed $22, 1885,
900 more than the loan account Of
week ago. The revelation Of SO press
ing a financial stringency in the worlds
great money centres suggests llqu1-
dation of so drastic character as to
give natural pause to speculation IN
all markets. But though there was
dulIness in the standard stocks in New
York, prices were very firmly held,
apparently on the supposition that the
money difficulties abroad were in
way to be worked out satisfactorily,
which is confirmed by the retention OF
the existing Bank of England rate.
Meantime speculation turned into the
channels of the industrial specialties.
There is long list of these showing
very material gains. but each was IN
fiuenced by individual causes, either
real or fictitious.
Sugar advanced on the belief that
he regular dividend would be de-
dared next week; Rubber on the re-
ported demand for the product; Con-
solidated Gas on rumors of pending
consolidation of gas interests; Linseed
bill on the report of a plan for reorgan-
zation, and so on throughout the list.
The strength in Consolidated seemed
TO have a sympathetic effect on Gas
stocks generally. In the railway list
while prices generally advanced, the
number of stocks to show conspicuous
strength was small. 1t included Gen.
trail and Southern Pacific, giving color
to reports Of a plan of settlement of
the government claims; Oregon Short
Line, on the measure for absorption
by Union Pacific and Kansas City,
Pittsburg & Gulf, and Chicago & Alton
gains in the latter two cases, not be-
ing retained, however. Louisville and
Baltimore G. Ohio showed strength. Net
gains outside of the industrials are
mostly fractional.
There was a good demand for bonds
and conspicuous gains in some in
stances. Total sales $4,370000.
u. S. new As advanced "a and the
bs. old as and the IS registered Is in
the bid price.
Evening Posts London financial ca
blcgram:
The absence of any advance to-day in
the Bank of England rate and the ces-
sation CT gold shipments to New York
caused a general recovery of prices in
the stock markets here to-day. There
was not much business but yesterdays
dear money scare caused some bear OPP
erations which were adjusted to-day.
This latter feature was especially no.
ticeable in Americans, which were
strong.
The total sales of stocks to-day were
$4,000 shares. Quotations closed bid:
AtcnlSOn ioss
Do preferred ............... 459s
Baltimore and Ohio NEUTRALITY-SUSPICIOUS.. Is
Canada Pacific ........ ................. STA
Central Pacific ......... -............. 1914
Chesapeake and Ohio ................... "a
Chicago and Alton MISREPRESENTATION. "a
Chicago. Burlington and Quincy. .1191s
Chicago and Eastern Illinois .......... 59le
Do preferred ITO
Chicago Great Western. 14B
Chicago and Northwestern. ....... 1898
Do preferred ................1S5
Delaware and Hudson ................. SO
Delaware, Lackawanna and Western 14i
Erie NEW OBSERVATION-DISCLOSURES. 3
Do first preferred .....................
Fort wayne .-.........- ...............-lrs
Great Northern preferred .13S
Like Erie and Western ....."........ 154
10 preferred ......... ................- %
louisville and Nashville ................ 6s1s
81 l. ...-.-... ,......-......... So12
t. 0-t~Net Railway ,.. 1901