Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-20
Government bonds firmer.

Railroad bonds strong.
StockS-The stock market was
strong and active all day except for a
realizing movement around delivery
hour, when prices receded about d
point in many stocks, but toward the
close picked up sharply and the clos
ing was strong with material net gains
in all the leading shares. The volume
of business was above the million share
mark and London after being a seller
for a long time to-day, reversed her
position and purchased about 80, 900
shares. Following the example of the
Imperial Bank, of Germany, the Bank
of England reduced it's rate of discount.
A continuance of easy money condi-
tions here was another factor in the
confidence shown to-day. The Grang-
erS made new high record prices for the
current movement and the average
price Of active shares was also the
highest. The strong London tone en-
couraged a high opening here and as
there was a large accumulation of buy
ing orders over night, the short inter
ests were compelled to retreat in many
stocks. There was heavy realizing at
the advance, but the stocks sold were
we'll taken and the market broadened
out. The greatest activity and strength
was shown by Manhattan, Burlington,
S. Paul, Sugar, Atchison preferred,
Reading first preferred and Northern
and Union Pacifcs. The advance in
Sugar was credited to a rounding up of
the shorts. The advance in Burlington
seemed to be accepted as meaning that
something was under consideration In
rpoard tn a rpfundiOC cnbpma a1thouob
negotiations under way were said to
apply to the issue of only a small
amount of bonds. The interests con-
cerned were non-committal and there
was no definite development one way
or the other. The advance in Manhattan
was accompanied by a story connecting
the name of a large outside interest as
likely to take part in the financing of
electrically equipping the road, but de-
malls of this were emphatic as hitherto.
The increase in the Omaha dividend of
~ per cent seemed to have been dis
counted as the stock was inactive after
the announcement and then dipped in
sympathy with the realizing movement
in the rest of the market. Favorable
earnings for the second week in Janu-
airy lent strength to Louisville. Lake
G11c " w SSj6IH SlOChS duNduC6u Oh
covering by the short interests. The
preferred advanced 5h and the common
23s on the dissemination Of rumors of
a deal with the c., c., C. & ST. Louis.
The of the prospective retire
ment of the Minneapolis, St. Louis
first preferred stock resulted in an ad-
vance in the second preferred stock of
over three points. There was an ad-
vance in most of the Gould properties,
some of which have been inactive of
late, Manhattan rising Az and Mis-
souri, Pacific 2 points. Among the
investment stocks New York
Central rose a point and a half. There
was considerable liquidation in Kan
sas, Pittsburg & Gulf stocks and
bonds.
The bond market showed relatively
more activity than the stock specula-
ton, marked advances were scored all
around with the undertone aggressively
strong. United States IS registered ad-
vanced Is in the bid price.
Total sales of stocks to-day were
1,070,800 shares. Quotations closed
bid:
Atchison o9aL