Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-01
FINANCE IND TRADE.

Posts London financial cablegram:
The stock markets here opened good
to-day, but business was restricted on
account of the holiday Cali SaintsO
tomorrow, and the market finally
closed dull on the weakness in the Par
is bourse.
Americans were the best market to-
day, but the close was under the best.
The general tone here late this even
ing is decidedly cautious, partly owing
to the impression that the Fashoda
question is not yet closed.
New York, October 31.-Money on
call easy at tx az per cent; last loan
at Ia per cent.
Prime mercantile paper 81 G41a pre-
cent.
Sterling exchange firm, with actual
business in bankers bills at $4851a0
1864 for demand and at S4S21A@
4S2al for 60 days; posted rates $4.83@
4.S315 and s4S6@4S7.
Commercial bills $4.81.
Silver certificates 61@62c.
Bar silver 613sc.
Mexican dollars 471ac.
Government bonds firm.
State bonds inactive.
New York, October 31.-Improved
conditions in several branches of the
market for cotton goods made the
opening of the days dry goods market
of considerable interest. There is an
element of strength in cottons which
has been lacking for many weeks. The
more settled conditions in print cloths
and the steady gain in the demand for
export goods have tended to add
strength to the market, both locally
and in other first hand centres. There
was a fair showing of buyers in the
market and they were inclined to be
slightly freer in their trading to-day.
The print cloth situation is quiet one.
Tuyers are not clamorus for goods at
the prices fixed by the trustees. Staple
cottons showed somewhat more activ-
ity to-day than has been the case here
tofore. There was more pronounced
demand for brown goods of all kinds.
Some obvious effort was required TO
sustain prices to-day above the level
of Saturday and the midday rise was
not maintained to the close, prices IN
some cases declining below Saturdays
| level. An inspection of the list Will
reveal that outside of very few cases
- changes are unin1port dnt Some
! observers believe that such strength
as the market has. is due to the cup
port Of very powerful aggregations of
capital, which are interested in seeing
higher prices for new securities. Quite
a large proportion of the total business
to-day was in Tobacco, the price of
which was rushed up points to 433s.
Quite a lot of Federal Steel securities
was dealt il, the preferred stock ris-
ing nearly two points to 1874. The
steel stocks are dealt in. '.s,WiiPlt9ssta phrase
which, Zig What has not yet come into
existence. There are to be 5000, 100000
of the Federal Steel stocks. There are
to be S60,000.000 of securities of the
new Continental Plug Tobacco annex
of the American Tobacco Co. AS these
securities are in process Of f1otation the
Importance of sustaining values in the
general market for their benefit is I'M
deniable. The task of doing this to-
day was not an easy one, and in the
late dealings, with selling Of Northern
Pacific on a large scale and talk of
fresh complications in connection with
that roads relations with other roads,
the burden apparently became too
heavy and pretty much all the earlier
gains were wiped out. Tobacco ard
Federal Steel were conspicuous excep-
tons There We're other points of
strength in the market during the day.
particularly amongst the Western and
Southern railroads. st. PauPs Septem-
Der statement, showing an increase in
net earnings of 'S253,331 in spite of
large additional outlay for operating
expenses, served to counterfeit the eff
feet of Burlington's poor statement, /
published Saturday. There were strong
statements also from Denver & Rio /
Grande and Chesapeake & Ohio, while |
in the Erie statement the decline in !
gross earnings was offset by economies |
in the operating department. leaving !
an increase in the net earnings of near |
" $50 ,000 But there was no general /
public interest in the market and some |
attention was paid to large naval and !
preparations making in Great |
Britain. The weakness in the wheat |
market early in the day on the big
Russian shipments was also an influ-
ence in the market. The small demand /
for money is not regarded as a favor
able indication now that there are
abundant funds in the market
There was continued activity in the
bond market, the speculative and reor-
ganization bonds being the favorites
The Union Pacific As sold most of the
day at par. which price they touched
for the FIRST time on Saturday, Total
sales s3O90 000
Government bonds were unchanged.
The total sales Of stocks to-day were
944.100 shares. Quotations closed bid:
I. 8. new as.............1As
I. :. new is registered. ...... 12-1h7f2s2. |
7. &. new Is coupon ............ 1s7t.z7t 9StS
L. s. As coupon. ..................111s. ft1224
L : 2ds Observation-Disclosures. e7L
r . -e.rocis+eraS 111ef S4-e-t |