The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-19

J to cover in a numbe Of stocks. The
market was ,comparatlvelyldu dull In; the
afternoon and then gradually Increased
IN activity and strength up 10 the close.
The feeling In London improved and
there were some repurchases OF stock
Tor that quarter. ST. Paul's increase Oh
$4,000 gross for the second week In
January inspired more confidence In
that group OF stocks and there was an
Increase OF western orders TO buy com;
pared With those OF the last day or two
which had diminished. The possibility
that Burlington might presently refund
some OF It's bonds on q lower basis. thus
beneftIng the Istock. was much dis
.cuSsed and Burlington rose over five
points. It was learned that no action
was taken by the Burlington directors
in Boston to-day. Omaha rose In ex-
Dectation OF the declaration OF an extra
dividend at to-morrow's meeting OF the
directors and northwest because OF the
benefit which such action would accrue
to It, advanced 81 points. There were
various rumors as to what the dividend
In Omaha. would be. Some had 1t the
regular dividend at 2 per cent and an
extra dividend Of II per cent. Traders
seeing the support extended to the
market successfully bid up prices
whenever opportunity offered. Some
times 1t was Federal Steel. other times
Sugar OR Manhattan. In Sugar the
gossip was that an agreement had been
reached between the American Sugar
Refining Company and one Of It's lar
gest-rivals to charge the same prices on
all sugars Mt all points and then 1t was
pointed out as being apparently slgnii-
cant that some OF the people Interested
in United States Glucose were identical
with the men identified with Sugar.
There were purchases Of number OF
the low prices, including Wabash. st.
Louis Southwestern preferred and Min
ncsota and st. Louis. Among the In
active stocks which showed substantial
improvements were Chicago Great
western preferred a. and Norfolk 6:
Western preferred Current rumor that
Tennessee Coal G. Iron was negotiating
for the sale OF some OF Its property pre-
sumably OF Its railroad holdings. was
accompanied by marked strength In
that stock. Manhattan opened off. but
rallied about point over last night. In
respect to the rumors that the Wander
bits OF Metropolitan interests had Sc
cured control OF the company. very
large holder of the securities stated
that the old management had not re-
,duced their holdings and that the con-
troll was still In their hands. Central
Pacific developed strength on reports
that the reorganization plan was prac-
,tically completed. Missouri. Kansas 6;
Texas. which showed n decrease In
gross earnings, for the second week in
January. OF over $4,000 failed to sym
pathize In the strength displayed else
where. Some strong features were
Lake Erie & Western preferred. Read
Ing and New York Air Brake. The vol
ume of business while greater than that
Of yesterday lacked over 10000 OF
reaching million shares mark.
There were number of important
movements In the mond trading to-day.
conspicuous among which was q rise OF
81 In Fulton Elevated Is. and points
In Burlington Convertibles. The gen.
eral market showed decided strength
all around. ~.
Total sales. sos 900. 81
Total sales OF stocks to-day. were
S45,100 shares.