Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-02-17
Mexican dollars 47Ac.
Government bonds weak.

State bonds inactive.
Railroad bonds strong.
Substantially all prominent
stocks advanced to-day with gains in
many cases material and trading left
Off with the tone strong and prices at
the best. Traders from time to time
sought to bring about a reaction, but
were dislodged from one position after
another and the upward movement be-
came general. In fact the only active
stocks of Importance that we're eXcep-
tions to the rule were Tobacco and
Northern Pacific, the former suffering
a loss Of 81 on the prospect of in
creased competition, and the latter e
on a decrease in earnings reported yes
terday for the second week in Febru-
airy, which decrease was said to be due
to storms. London houses reversed
their policy on Northern Pacific and
bought more than they sold of it and
other stocks. Burlington, which was
eX-dividend to-day, made an extreme
of IL on a large volume of trading ap-
proximating 200, 900 shares. The buy
ing of this stock was largely by houses
having Boston connections. The ad-
vance was stimulated by the statement
of a prominent operator that he had
purchased largely in the belief that a
refunding plan would be announced in
a few days. The influence of Burling-
tons strength permeated the whole list,
but more particularly affected the other
Changers, which were benefited to the
extent Of a point and over. Union Pa
cifc was lifted. nearly two points and
the preferred over a point, while Cen
trail Pacific advanced 1 per cent on the
report that an arrangement had been
tee for a settlement of it's obligations
to the United States. Metropolitan
Street Railway and Third Avenue were
very strong, rising AS and 5 respec-
lively. Federal Steel was in the van of
the flower stocks in their rise, which
began as the day drew to a close; the
ferred 2. Among the c~oalers, Reading
first preferred and Jersey Central rose
IL each. International paper and
Sugar advanced over 2 per cent each.
New York Central and Northwest,
among the Vanderbilts, were benefit
ted about a point in the rise, while c.,
rs. The traders thought that the frac-
tional advance in London before the
opening had been manipulated from
this side. They sold freely on the idea
that the effects of the storm would re-
suit in lower prices at least temper
arily. Subsequently they covered from
time to time as pronounced strength
appeared in the various stocks. In the
final dealings some stocks were taken
in expectation that the days advance
would bring the public into the mar
ket in a day or two. The excess of eX-
ports over imports for January, ap-
proximating S57, 900, 900, was something
of a sustaining factor, inasmuch as it
was taken to be an easy means of set
Ting for the large sales of American
stocks for foreign account in the past
three weeks.
The healthful tone in stock specula-
ton received a considerable back log
from the confident purchases in the
bond market. Central Georgia consols
and Wisconsin Central firsts led in
point of activity and strength and i'm
porttant gains were also ~chronicled
elsewhere. Total sales S., 900, 00O.
United States new As and old As and
the 5s declined Is in the bid price.
AlcnlSOH .......... 80
Do preferred 800. ............. 624
Baltimore and Ohio ................... 20
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