Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-29


ing Posts London financial cablegram
says:
All the stock markets here were
cheerful to-day, with rising prices, the
cheapness OF money being the principal
factor. Americans show no signs of
falling off and there appears to be
little increase in the speculative air.
New York, November 2S.-Money on
call steady at 2@21a per cent; last
loan 21a per cent.
Prime mercantile paper H04A per
cent.
Sterling exchange weak with actual
business in bankers bills at S4.S4@@
4.S4A for demand, and at S4.S11aQ
4.81A for sixty days. Posted rates
S4S2h@4S3 and $4.S51a@4.S6; COM
mercial bills $4.801s@4S1.
Silver certificates 6012@611@c.
Bar silver $3.50
Mexican dollars 461ac.
Government bonds irregular.
State bonds firm.
Railroad bonds strong.
StockS-An animated movement
broke out in the last half hour OF to-
days stock market which carried
prices throughout the list buoyantly
above the previous high level and
made the closing very strong. The de-
mand was broad and better distributed
than at any other time during the day
and the market looked healthier and
freer from manipulation and less con-
gested in a few prominent stocks than
at any time during the current upward
Z 1,.N tixrn
Tor the renewal OF the buying was not
very obvious. Perhaps the sullen OBJ
stinacy OF the market III the period of
dullness and reaction in spots which
followed the opening strength had
large influence in encouraging renewed
commitments to the Ions side. The
receipts Of some orders in commission
houses which had been held back by
the damage TO telegraph wires was also
a factor. The market had already had
its opening squirt on the acceptance by
Spain of peace terms offered by the
United States Prices for Americans
had been sharply advanced II London
on the strength OF this factor before
the opening here.
The professional traders rule to sell
on good news brought food of offer
ings 10 realize on the opening advance
by those who had been buying for sew
eral days past in anticipation of the
Paris decision. The bears seized the
opportunity 10 attack d group Of spec
ialties including Manhattan, Brooklyn
Transit, Sugar, Peoples Gas and To-
bacco, and worked declines in them of
from ! 10 per cent. The coalers,
which have so often been the target OF
the bears, broke away from their assO
Citations and showed unusual strength
on account of the, belief in an adjust
ment of difficulties over the control of
trade. There was noyable realizing in
the Atchison issues, which held them
back throughout the day. There was
neayiness alsc in the Federal Steel
stocks aud at one time Sugar. The re-
dictionary tendency carried prices be-
fore the middle OF the day back to near
Saturdays level IN some cases. The
recovery began With the receipts OF
number of strong traffic returns, nota-
bly, that of ST. Paul for October, which
showed an increase in net earnings of
$306,676, after an addition TO operating
expenses OF nearly $4,000 over last
year > expenditures. AClC NN1S SOOO
statements besides or the third week
III November from Norfolk & Western,
st. Louis & San Francisco, Southern
Railway and Denver & Rio Grande and
or October from Chesapeake & Ohio.
besides an increase OF eaSt-bound ship
ments from Chicago last week of H.
51Sltons over the preceding week, and
of SLAP tons over the corresponding
period Of last year. The trunk lines
felt the benefit of this latter statement,
especially those OF the South, the
Northern lines feeling the adverse eff
feet OF the snow storm. Baltimore &
Ohio became conspicuous in this group
in the late dealings. The aggressive
strength shown by Union Pacific
Northern Pacific and the Oregon Short
Line as usGa was rather convincing