Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-10-31

New York, October 29.-Evening

Se4A~~x9
Posts London financial cablegram:
The steadiness in the stocks here was
well maintained to-day. Prices were
generally better. notably for Argen-
tines, in which there was some specula-
tive purchases for rise.
Americans Were good on New York
support but were comparatively feat
ureless.
Mines were better on the improved
situation in Paris. A feature was the
great strength of copper shares, Ana
ccndiaS lbeiE,g much in favor, and said
to be bought from New York.
The city still regards the Fashoda
question somewhat askanlce in spite of
the APPARENTLY improved outlook.
The London market discount rate is
3% per cent, on the Bank of England
borrowing afresh to control the mar
ket.
New York, October 29.-Wfth the ex-
ceptiOn of last Monday, the average of
prices ON the stock exchange have
shown net advance for each day since
Wednesday, October 10. There was
general expectation, therefore, that
there would be the selling to take
profits to-day which is customary
amongst professional traders at the end
OF the week. The buoyant tone Of
some OF the specialties held the market
firm in the first hour of the short SEES
SION Consolidated Gas and Third Ave
nue. jumped six points, the former on
talk of the termination OF the local
gas war; Tobacco continued its aggres-
sive advance on the strength of the
developments showing the accretion of
plug tobacco companies. The stock
was very active and large blocks were
absorbed to make way for the upward
course of the stock. The process of
bidding up the price of the Federal
securities also continued Advances in
these and Metropolitan street railway,
New Jersey Central, Minnesota Iron
and international Paper preferred were
between l and points. Meantime the
railway list was very dull and showed
only slight changes, although nearly
all changes were gains. The publica-
ton OF the Burlington statement for
September resulted in immediate activ-
dty in the Changers at the expense of
values. Losses reached about point in
the other members Of the group and ~
in Burlington itself. There was a gen.
eral reaction in the railroad List in
sympathy, but the railroad stocks gen
orally were not active and losses were
confined to fractions. Burlington's de-
crease Of S484eS9 in gross earnings
compared with September of last year
was a distinct Disappointment, the
more SO as SIT. Paul's weekly statement
had shown an increase of about the
same amount Tor the same period. The
delayed movement of wheat in Burling-
toms territory and the large proportion
OF it's business that is given to corn
Were advanced to EXPLAIN the poor
showing. Prices continued heavy in the
railroads to the close, but net declines
We're restricted to fractions outside the
Grangers and speciaLties. The bank
statement was without influence On
stocks, though the growing strength of
the clearing house institutions was evil
dent. Government deposits figured
largely in the cash increase and the
large expansion of leans must again be
credited for the most part to opera
tions in exchange incidental to lending
morey abroad. The strength of silver
was attributed to buying orders from
the Spanish government.
The rate cutting among the trunk
lines and the continued depression in
the anthracite and bituminIous coal in
duStries are the most threatening clouds
on the horizon of the stock market.
Bonds have shown increasing activity
+ and strength during the week, the vol
unDe of dealings on Friday rising to
$5,315,000. Bonds of western and south
western roads and reorganization bonds
generally have been the favorites.
There have been large dealings in
the government IS coupon and the
record price, 1868, was made to-day.
U. S. IS have advanced %, and the Old
As coupon and the IS coupon a, while
the old As registered and the new As
have declined Is in the bid price.
Total sales OF stocks to-day were
$500 shares.
Quotations closed bid: