Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-18
Mexican dollars 47Ac.
Government bonds firmer.
State bonds inactive.
Railroad bonds strong.

Stocks-The stock market had to abb
sorb very large volume of selling to
take profits on yesterdays rise, during
the early hours of to-day's trading.
The tone of the market for the rest OF
the day was rather fiat and dispirited,
in spite of aggressive strength by a
few prominent stocks and notable adj
vances by number OF rather obscure
stocks. The profit taking was espec-
tally noticeable in Southern Pacific and
Union Pacific and held those stocks
under yesterdays price for the greater
part of the day.. The buying in both
of them was nevertheless on a very
large scale, blocks of 1000 shares and
upwards of Union Pacific making their
appearance frequently in the record.
The most conspicuous movement of the
day was in the Baltimore & Ohio
stocks, the preferred leading. Its ex-
IRENE advance avs 27s, the closing be-
ing nearly at the top. The common
stock added IL to its price for the day.
The various metal stocks had a period
of strength Otherwise the market was
rather irregular and disposed to reac-
ton until a late rally, which wiped out
many previous losses. The grangers
were conspicuous in the late movement,
led by Burlington, which rallied an
extreme 13s. Isolated movements OF
Importance were advances in the Buff
falo, Rochester & Pittsburg stocks Of
points for the common and 9 points
for the preferred, the latter reacting 3
points. United States Milling preferred
ell o lii
two days, and Mailing preferred lost
31s. The hesitating tone of the market
was due to a recurrent anxiety over the
showing to be made by to-morrow's
bank statement. This is accentuated
by late stiffening Of the call loan
rate to 8 per cent. ON demand from
belated borrowers to carry over until
Monday. The earlier rate had been 8
per cent. and fell as low as per cent
The treasury to-day paid out about
81, 900, 900 for bonds offered for redemp-
ton and the sub-treasurys debit bal
ance at the clearing house reflected its
payments for the same purpose yes
terday, the amount being $3,351 $40.
But these additions to current supplies,
coming late in the week, will have a
diminished effect on the cash show
ing of the banks, owing to the system
of averages. The net result of sub
treasury operations other than these is
small The interior money movement
by express and by sub-treasury trans
| fers has resulted in a cash net loss
to the banks of over $1,000,000. The
heavy loan contraction of the latter
part of last week, however, will be
partly reflected in this weeks state
ments and will help to reduce the re-
serve requirements. Apparently there
| has been some expansion of loans dur
| ing this week by the banks with the in
| few of funds. The net result upon sur
plus reserves is thus very difficult to
estimate. Sterling exchange made fur
Their progress upward to-day and
served to add to the apprehension that
any actual ease of money at this center
would lead to demand for gold upon
| it from abroad. Discounts in London
and on the continent were somewhat
easier and the course of the interior
exchanges in this country was in favor
of New York London sold stocks on
| balance in this market.
| The demand for some of the low
grade and reorganization bonds con-
tinued to-day at advancing prices. To-
tai sales par value S2,375,000. United
States new Is advanced u in the bid
price,