Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-03-17
Government bonds irregular.
State bonds steady.

Government bonds irregular.
State bonds steady.
Railroad bonds irregular.
Stocks-The sensational rise in Sugar
was largely responsible for the elimi-
nation of much of the short interest in
the rest of the list, material gains APP
pearing, notably among the special
ties, while the railways at the high
point averaged ~ UP, but there were
recessions from the best and the mar
ket closed under pressure. There WAS
a wild day on the exchange, Sugar fig
uring for over a quarter of million
shares with aggregate trading reach
dng nearly million shares. The mar
ket was moving cautiously upward
when Sugar burst into prominence and
touched ITO, rise of 29A points over
last night, IL points above the Septem-
Der boom prices of 81. The stock
closed at 1921. The fluctuations were
erratic, an instance in point being the
drop Of 10 points of two transactions
from the high point. A trader sold
short 300 of the 800 shares traded in
at 40 and within a moment covered at
100 the only Intermediate transaction
being 100 shares at 1859. Thus the
broker realized $4,000 on his short sale.
There were various rumors connected
with the movement in Sugar, among
them the report that the trade war had
been settled; that an agreement had
been reached with the glucose refining
company and the Doscher & Arbuckle
interests. People in the trading fully
discredit the rumors, protesting ignor-
ance of any deal upon which they
would likely be posted were it In exist
ence.
The local interests identified with the
concerns mentioned likewise discredit-
ed the reports except in the case of the
president of the sugar refining COM
pany, who made no statement before
the market closed. In some quarters
the movement was attributed to cor
ner in the stock and punishment OF
the shorts, while on the other hand
house which was active in the dealings
claimed to be ignorant of the reason
for the advance but thought 1t OF too
great magnitude to have been mere
ly a manoeuvre against the shorts.
Tobacco, after yielding 71s points,
made an extreme rise of 1917 to 216 in
sympathy with the movement in Sugar.
Glucose also rose points to rs, CO.
incident with the movement in Sugar.
New York Air Brake touched 200, d
rise of Is points; Metropolitan Jumped
5A to 25S1a; Third Avenue rose to
219A; Manhattan 10 to 1021s; Brook
lyn Transit 2$s to 1902; Consolidated
Gas 61a to 221, and Burlington Az to
142H.
The other Changers sympathized in
a lesser degree in the advance. -Four
per cent was the loaning rate for cali
money the greater part of the day, al
though some loans were made at 31a
and per cent.
The stiffening of the money rate
dampened the ardor of the spectators
and caused the recession in the later
trading, although at the close money
on call was 31204. The buoyancy OF
the general market caused a resump-
ton of commission house purchases
which were largely responsible for the
violent rise in the Changers in the clos
ing hour.
The bond market shared to some ex-
tent in the upward movement but there
were some weak spots which gave the
general trading an irregular aspect.
Total sales $3,325 900.
United States IS improved IS, While
the new As registered reacted Is and
do. coupon Il in the bid price.
The totale sales of stock to-day were
D47,800 shares. Quotations closed bid:
~.