Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-10-26
Mexican dollars 47Ac.
Government bonds-StrOng.
OIL 1.1,I~ Tna nj Two

III. !
s,ao(fc &c, Cf % . 1929
Government bonds-StrOng.
State bonds-Inactive.
Railroad bonds-Firm.
Stocks. The periodical settlement OF
the London stock exchange to-day de-
yeioped a very nervous state OF feellhg
in the financial markets, due both %
the stringent conditions OF the none.
market and to the threatening pOlltt'
cal outlook The very high lOanMs
rates for carrying over stocks preclpi-
tated quite an active hquldatlon ana
a squeeze in money rates. The uneasl-
ness in London was reflected upon
other markets in Europe and there was
a general rise in the rates of exchange
on London and in discount rates at ali
continental centres. British conscis
dropped full point and government
securities and all other classes OF Sc
curities including American railroads,
showing violent declines. The an
nouncement of the postponement Of the
British cabinet meeting brought some
relief and the bears were actively COW
ering in London about the time the
stock market in New York opened.
supporting orders in the market her3
at the opening so that the decline IN
prices at that time ON account OF the
selling for London account were trlf-
ling and were soon overcome. Selling
for London account was in fact
small factor and before the arbitrag"
trading was concluded Tor the day.
London turned buyer and took fair
amount of stocks in this market. Con-
soils there scored almost full recov-
cry and the upward movement in other
departments was almost as violent.
Relieved from that depressing infiu-
ence prices here mounted upwards
quite easily, the short contracts put out
in yesterdays market being generally
covered and the large bull operators
who led last weeks buying resuming
the movement with great apparent con-
fidence. The trading was dull in the
latter part Of the day, but prices wcra
quite firmly held and closed about the
best. Net grains in many instances
reached a point or over and prices on
the average entirely retrieved yester
days sharp define Tobacco was fur
iously active ali day and covered an
extreme range Of over 70 points. The
price was lowered in the morning on
the announcement CT the incorporation
of ew Tobacco Company with large
capital But traders distrusted the
first Interpretation of this new COM
pany and the price was run up on very
large transactions which were largest
at top prices.
Sugar was held firmly in sympathy
with tobacco. Pullman sold Of SIX
points on the Illinois judicial decision,
holding that the c0mpany's large real
estate ownership involved a violation
of the charter. The stock recovered
nearly 4 points. The sterling exchange
market was an accurate barometer CT
the course of affairs in London. De
mand sterling made an upward bouhd
OF &c during the early excitement in
= London and While stocks were still be-
ing sold here for London account but
with the later relief of the nervous ten
SIGN in London and with some buying
here for London account demand ster-
ling suddenly dropped full cent, clos
Ing weak. Notwithstanding this vio-
lent oscillation in the price of credits
on London there was not a ripple in
the local money market, which contin-
ued quiet and easy.
There was a yielding in the early
price for bonds, but an upward move
ment later on active demand. Total
sales were s2,000,000.
U. S. IS coupons advanced sc and
the old As coupon 1sc in the bid price
The total sales Of stock to-day were
340,4S5 shares. uotations closed bid
Atohison Observation-Disclosures. 1924
Do nrPferra1
Baltimore & Ohio ................. Az
Canada Paclhc ........................... sos.
Canada Southern ...................... 80