Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-01-24

New OK, January 22.-Evening
Posts L~ndon financial cablegram:
The stock markets here were irreg-
uiar to-day, business being checked
by politics and the settlement in
mines to begin on Monday. There is
tidgety feeling about eastern mat
fars. and the feeling about the United
states and Cuba is not quite comfort
able The result is stagnation
I-. S. new As registered ...... 1919.
IT, : new Is coupons ................12 1864
Il :. As registered .1l2%
IT, ). is coupons .......................1li Ss
I $. -GS ........,................l 100
IT, S 5s registered ll3h
4 : 5s coupons ......................1 49,
Pacific tS OF 30 .........................l0 4
Stocks-Trading in stocks to-day
was Of small proportions, even for a
saturdays brief session. The market
generally left off with a steady tone
az slight recessions in values. No out
side interest was apparent and room
traders transa cted most of the busi-
ness. Commission houses had but
few orders either way. Consolidated
Gas and Metropolitan Street Railway
and few other special issues monop-
uIiZed the traders attention. Sugar
declined fractionally, Manhattan was
moderately firm; Consolidated Gas
rose "A; Metropolitan Street Rail-
way 2% and Third Avenue advanced
glt On influences that had been OPP
Grating all the week. No liquidation
ot Importance was noted to-day OK
copt in a few isolated cases, including
Omaha and Jersey Central.
The stock market for the week in
most cases has resulted in a fraction
al decline. The favorites in the stu
alton outnumbered the others. al
though the disturbing features were
REGARDED as of greater Importance
Among the grave affairs in the situa-
ton from the speculative standpoint
we're the New England cotton strike
and the possibilities in China, Cuba
and the consideration by the Senate
of the resolution that government
bonds may be paid in gold or silver.
While no radical legislation at this
time was expected concerning either
silver or Cuba, the professionals made
The most of the situation with view
OF bringing about a reaction, and were
partially successful At the same time
the foreign markets were oVersh2d-
owed by the possibility of the Euro
pean powers becoming embroiled over
China. On the other hand there was
much to justify an optimistic view on
prices. These were satisfactory
trade conditions. immense increases
in railroad receipts, large exports,
scarcity of failures in the commercial
world, easy money and the fact that
over four-ffths of the Illinois Cen
trails S15,0000G0 bonds had been taken
for domestic account. Egypt and
Russia usually sources of supply for
Europe. were reported to be importing
American corn. Money at this centre
was quoted lower than in almost any
other part of the world and this alone
was supposed to impede gold imports
at a season when sterling exchange
usually rules pretty strong. Money
continues to gravitate here from the
interior of the country, the banks
gaining oyer $7,5C0,000 last week. The
break in the money market was large
" due to the continuance OF the gov
ernments deposits Of Union Pacific S
none in the banks
The Klondikers, Sugar and local cor
polations, including gas and traction
shares. were the active features OF the
week. at times showing buoyancy but
with manipulation ever present. The
grangers and coalers generally ruled
heavy. There seemed little outside in
tareSt in speculation, the dealings be-
ing Of less volume and concentrated
in fewer securities than was the case
last week. Railroads located IN the eX-
trcme northwest and western sections
Of the country largely discounted the
expectation of increased traffic result
ing from the prospective emigration to
the newly discovered gold fields,
where they would be dependent large
~ upon the United States for sup
plies. There were improvements
ranging up to 8 per cent. in Oregon
navigation stock and 91@ in Oregon i'm
pr0yement consols. Conflicting adviccs
regarding the probable success Of the
hawaiian treaty were reflected in
susars fluctuations. Other Influences
on this speciality were statements re-
earding the position of insiders as to
whether they had acquiring the stock
or favored a further decline. After
covering a range of nearly three points
SUGAR closed with one-half improve
ment Local gas securities were in de-
mand on statements that large inter
ests that hitherto held aloOf were no
longer unfavOrable to the general con-
aoidation. Then impending leglsla-
ton at Albany was interpreted as hav-
.Ag features, off selling the possible
reduction of the price Of the product
In Greater New York. Consolidated
gas closed with a rise of 1914 per cent.
The extraordinary rise since the NUM-
cipal election in Metropolitan street
railway WAS continued. the advance
Tor the week being 11& per cent. This
was accounted for in published state
ments of increased traffic owing to
completion Of extensions of the sys-
TEN, but manipulation was very prom
nent IN the dealings. Pittsburg, Gin
cinpati, Chicago & st. Louis was prom
inent in the dealings, owing to excel
lent traffic statements, and scored net
Saias of pa and Az on the common
ana preferred respectively.
lie bond market for the week dis
played a striking degree Of strength in
special cases, which embraced liens OF
companies operating the Pacific North
west Some interest was attached TO
l-e speculation in Seattle, Lake Shore
* Eastern firsts, owing to the fight for
control Of the property by two leading
r2ilroad systems, which was reflected
IN an enhancement of 1884 per cent in
l'e price OF the issue. The transac-
Tons for the week were $40, 271 900.
Government bonds ruled at slight
ttf''fUcGs fhrnY1ohN,-f