Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-07
Mexican dollars 47Hc.
Government bonds firm.
State bonds inactive.
Railroad bonds easier.

Stocks-The course of the stock mar
ket to-day effectually dissipated the
synntoms of weakness which were en-
gendered by the Saturday bank state
ment. The course Of prices was down
ward in the early dealings, but prac-
tically all the declines were recovered
and some striking net gains were es-
tablisbed in considerable list of
stocks. The downward course pro-
ceeded to the extent Of 1 to points
in number of prominent industrials
and reached as much as point in
number of railroads including examples
from the grangers, southwesterns,
southerns, coalers and trunk lines.
Northwestern dropped at one time 21a.
In the leading industrials a level of
prices was subsequently established,
reaching generally a point above Sat-
urday. The railroad group was not 50
resilient, but its downward course OF
the morning was very generally retrac-
ed and fractional net gains are the
rule. In Southern Pacific the recent
large and organized buying was re-
sumed after the decline had reached *
and it was advanced rs and closed
there. The speculation in Leather
continued on an enormous scale, the
price being raised on running sales of
10000 shares at the opening from 20
below to " above Saturdays price.
Subsequently the price was more than
recovered and lifted within a shade
Of Al. There was heavy realizing in
the stock in the late dealings, but it
was firmly supported at forty. The
renewed support by the speculative
pool in Leather had no small influence
in dissipating the fears of general
break in prices. There were many
soothing explanations offered Of the ex-
hibit of a deficit in surplus reserves
by Saturdays bank statement.
The favorite explanation among the
spectators was that it was due to an
terror" in the return Of a single blank
or rather to the rectification of an err
ror made in the previous weeks re-
turn. 1t was this error, so it was said,
which had caused the unduly favorable
statement of October %, and the al
lowance for 1t which made the show
ing of the deficit of last Saturday and
upset the stock market. The comfort
found in this explanation was some
what absorbed by the rise in the call
money rate to IL per cent and the
calling of loans by the banks. But
Saturdays bank statement was not a
fair index of the actual condition of
the banks. The continued hardness Of
New York exchange at important in
terror points aroused expectations that
the movement of money is about to
turn in favor Of New York. The short
contracts which were put out in the
morning were very generally covered
before the close. The eve of the cleo
tions was also the occasion for the
covering of some short contracts which
had been put out on the theory that
this years election might be the pre-
lude of the unsettled business condi-
tons which are looked for in a Presi-
Dental year. The drop of the money
rate to per cent. late in the day ac-
centuated the buying demand for
stocks. An incident of the day was a
sale of United States Milling at II, COM
pared with "a for the last preceding
sale some time since.
Prices of bonds only partly recovered
from the early decline In sympathy with
stocks. Total sales par value s2,075,-
900.
United States old As coupon advanced
Il in the bid price
Quotations closed bid:
AISiiisoir -..-.......,............ 22es
20 preferred ACKNOWLEDGEMENTS. $685.
Baltimore and Ohio. ACKNOWLEDGEMENTS. 5214