Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-28
Government bonds irregular.
Railroad bonds strong.

railroad UUuuS StIOuS.
Stocks-People who bought stocks
on Thursday and Friday found the ex-
pected market for them this morning
and availed themselves of the opportu-
nifty to sell out to large extent. The
lb-treasury operations last week made
it sufficiently obvious that a strong
bank statement would be forthcoming
On Saturday, and the new strength In
the market on account of Saturdays
bank statement had therefore been dis
counted. Prices were opened high and
the advance in Americans in London
had the appearance of being manipu
lated from New York fer the sake of
influence on the opening here. At all
events the London market was depress-
ed generally On the rise In the money
rate and sold stocks here from the
opening Until long past the usual hour
for cabling. Pennsylvania was an ex-
ception and was eagerly bought by
London. This demand was largely
responsible for the stocks rise of 3M
over Friday, during the first hour. 1t
subsequently reacted and saved only 2%
of net gain The high prices at the
opening were the signal for very ex-
tensive realizing, which was most
marked in the Baltimore & Ohio issues.
The opening price in the preferred
ranged all the way from IS down to
1874. There was occasional rallies in
these stocks, but the pressure Of profit
taking was renewed and their close was
near the lowest at net losses of IN and
rs respectively. Union Pacific showed
the effect Of profit taking and Sugar
was obviously weak from the start
on the street. These were sufficiently
powerful factors to decide the general
course of the market The heaviness
became quite widely disseminated, as
the day progressed, and many net loss
es Of point or over will be observed.
While the general course of the market
strength persisted. Manhattan, Feier-
al Steel. American Hoop, Chesapeake
& Ohio and Peoria, Decatur C Evans
vile rose from 1 to points without
maintaining the full advance Leather
continued very erratic over range OF
51s points below Fridays close. The
late break in Sugar to 154 and the ST.
Paul statemert fer October showing a
decrease in net earnings Of nearly
$4,000 emphasized the late weakness.
st Paul's increased operating expenses
Or improvements charged to that ac-
count have not wiped out all of the
increase in the gross earnings since
July / and established a net decrease
fer that period Of nearly 800 900. The
condition of the money market was not
greatly affected by the improved show
ing of the banks in Saturdays state
ment. The fact was pointed out that
while the statement of all the clearing
house banks showed a decrease in
leans OF S3,125,S00 and an increase in
cash reserves of S6,964,225, a single
bank in the association reports a de-
crease in loans Of s4,IS6,S0O, an in
crease in cash of 1920 900. With this
single institution withdrawn from the
showing the average condition of the
remaining banks, therefore, has not
been improved. The majority of the
days loans were made at per cent and
and the rate for sterling exchange ad-
vanced sharply In response to the mon
ey pressure in London There was a
good absorption of railroad bonds and
prices advanced tfotal sales par value
s2.s6o,0O0. Unittd States Is advanced
u and the IS and NEVIS x in the bid
price; the IS declined y.
Do pTeIerred !....................... 6s1s
Aaitimore and Ohio ...................... 5675