Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-23
FINANCE lind TRADE.

New York, January 21.-Commercial-
Advertisers London financial cable
gram:
The stock market here to-day was
active and buoyant. Americans were
the great feature, closing at the best
figures. Optimism was at fever heat.
The market is inclined to doubt the
reported Vanderbilt deal, but Centrals
and Union Pacifics were exceptionally
strong.
Atchison and Denver preferred were
good.
There was a little realizing in Louis
villes, Central Pacifics and Ontarios.
Money easy.
New York. January 21.-Money on
call was nominally 2h@3 per cent.
Prime mercantile paper 2R03A per
cent.
Sterling exchange steady, with actual
business in bankers bills at $4.84A@
4.85 for demand and at $4,82%@4.83
for sixty days; posted rates $4.S3Aa and
$4.S51a; commercial bills $4.S1h@4.S2.
Silver certificates nominal at 59h@
60Ec.
Bar silver $3.50.
Mexican dollars 471ac.
.. S. new As registered ........ .13S1s@129A
u. S. new IS coupons. ..1zS429l3042
u. S. As registered M112H2
=. :. as coupons.
y. ,. As 2dS. J912
u. S. is registered ..1111s@112B
L S. 5s coupons. ..1l2Bul13B
State bonds strong.
Railroad bonds strong.
Government bonds irregular.
Stocks-The stock market to-day was
exceptionally active and remarkable
advances were made in many shares,
the extreme gains being in investment
issues. The average Of prices was
higher than in years, and the volume of
trading in stocks and bonds was the
largest yet traded in on a Saturday.
Had the two hour session been eX-
tended to five hours as on other days,
and had the same rate of trading con-
tinued, there would have been $14 ,000,-
600 bonds and 1900, 900 stocks dealt in.
Investors, weary Of waiting for a sub
~'stantial reaction, seemed panic stricken
to place their money. The opening
quarter of an hour was the most excit-
ed, in sympathy with the booming mar
ket for New York Central on the Lon
don exchange. All the Vanderbilt
shares made sharp advances of rumors
concerning the plans of the controlling
interests CT the New York Central. The
street, judging by the course of the
market, CAV credence to these reports,
but nothing was given out in regard to
the plans, which were said to involve
closer relations between New York
Central, Chicago and Northwestern and
Union Pacific, although an unnamed
director OF the latter company wa
quoted as making a denial as far as
the Union Pacific was concerned. New
York Central made an extreme advance
of SAs. Union Pacific 21& for the COM
mon and ga for the preferred, and
Northwest 5H. The London market
moved upward all day, and it is esti-
mated purchased about $4,000 shares
here, although the London exchange
closed before this market opened.
There was heavy realizing in some
stocks during the advance in the Van
derbilts, but all offerings were readily
taken. Commission orders were so
) large that some floor brokers, having
more business than they could we'll at
tend to, were obliged to refuse orders.
The fractional declines that occurred
we're due to the suspicion on the part
OIL llue tIdueIo IudI prices were DlQ up
in the interest of sellers. The appear
ence of the bank statement, assuring,
as it did, al abundance of money, ex-
erted a strong influence and renewal of
confident purchases. The closing wa
strong at recessions from the best fig
ures. The more important gains for
the day outside of the Va%nderbilts.
Union Pacific and Atchison, were Great
Northern preferred 2, and Evansville G
Terra Elaute preferred 2. The declines
were fractional excepting Hawaiian
Commercial 3A, Pullman 2, and West
ern Gas Il. National Biscuit common
closed at "a loss of u, after a previous
advance OF So. Sugar, American To-
bacco, Maphattan, Peoples Gas and
Federal Steel were weak.
Railroadt bonds exhibited marked
strength, with the inquiry embracing
gilt edged las well as usually neglect
ed issues. The material improvement
in the high grade stocks prompted ex-
tensive trading where opportunities for
able.
United : }a'ss new tours registered