Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-01-25


L S. p registered ....................11S 1s
/ s 81 coupons .........................1 1414
fauEC is OF So. :. 49,. 1892
etock5-Tbere was nothing particu-
IarIv interesting in to-day's stock mar
tor previous to the reception OF the
new, that the United States ship
Maine had been ordered to proceed to
Havana Until that time the market
was wholly in the hands of probes
SIGNAL traders and transactions were
On q small scale. Standard stocks
we're neglected and the securities Of
the local corporations which are more
G. less dependent on municipal favors
were briskly manipulated. Later
some OF the Vanderbilt stocks were
taken up and advanced sharply. The
general market remained persistcltly
re2yy during all this time, but AGc
tuated therein narrowly, offerings be-
Liz light as we'll as the demand. In
THE International stocks the declines
we're hardly as pronounced as those
rtp3rted from London. This state Of
affairs continued until after midday,
when it was followed by general i'm
provement, prices Of the majority of
the stocks having risen q shade since
Saturdays close, just before the sell
ing roYement induced by the news
@. ne Names movement began.
This news was regarded with slep-
ticism al first and the market held
steady for a time, but upon the pubil-
cation of the Associated Press accrcG Z
lied report, liquidation promptly set
in The offerings were not Oh TIC
mendously heavy scale, but the demand
vas light and prices fell fast. The
sDecalties which had been marked up
in the morning and some of the rail-
road stocks which have shown the
greatest strength recently, suffered the
heaviest losses on rush to take
profits The Northern Pacific and
Union Pacific were conspicuous suffer-
CTS in this respect Northern Pacific
preferred was at one time OFF points.
In q few cases fractional net gains re-
NAMED after the late decline, but net
losses Of between l and points were
very frequent all through the list Of
active stocks, including the leading
spo "lties, the grangers and Missouri
Pacific. The attitude Of the authorities
al Washington in attaching as little
significance as possible to the proposed
movement of the Maine had little eff
feet in allaying the bearish tendency
in the market With the exception Of
some sharp rallies in the LEGAL New
York group. the market closed weak
and near the lowest. In the last fifteen
minutes of trading Third Avenue
slumpod to 1872, and then jumped ~
points 10 ISL, fair example OF the I'M
stability CT this group OF stocks T he
notice from Washington that the de-
p0sit in New York banks on account of
the Union Pacific sale would be called
In ten weekly instruments, the first on
Wednesday next, was doubtless with
the concurrence and approval of the
banks II which the deposits lie. The
goEerhment arranged in the first place
70 leave them there in order to guard
against stTingency in the money mar
h6c The withdrawal now, it is hoped,
may give some tone to the money mar
keJ which has grown quite plethoric,
with a probability Of still great conges-
lion Of idle funds To-days call loan
market, however, showed no quotable
change.
Tie bond market showed increasing
weakness as the day advanced in
sympathy with stocks, the declines be
ing marked in those bonds which have
shown recent strength.
The Z. S. As fell y in the bid price
to-day The calling Of the govern
mont deposits in New York tends to
increase the supply CT government
bonds by releasing those which have
been placed as security for these de-
posits
The total sales of stock to-day were
100000 shares.
Quotations closed bid:
~ S,.af..rc5 - '' ''l 52l5
Baltimore and Ohio.... :. :. :. =. ..121
Chesapeake and Ohio. :. :. =. :. =. 21h
Ihlfa@o and Alton. -. :. :. q. -. 1852
Chicago. burlington and Quincy 80. 9ll4
delaware and Hudson e. e.. g.. =. ....1t0a,
Iel1Tare. backawanna ana Western. 15l%
F.ort WAYNE o.. 49,. e. =. :. ...... .169
L4Ne Erie and Western -. :. =. :. =. Is
II,seisviIle ard Nashville. -. .. =. ..i5l7$
Slanf7ttsn L.. ...... 1858
Meirorolitan street hallway =. >. ...i4472
NiSeOlri Pacific 20ia