Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-18
Government bonds strong.
State bonds inactive.

=.
L. S. IS coupons ......-ll7s
State bonds inactive.
Railroad bonds irregular.
STOCKS-The stock market showed
greatly increased activity and strength
to-day. The strength was somewhat
better diffused than has recently been
the case, but the heaviest demand was
still confined to a small number OF
stocks. The majority of the industrial
stocks were listless and heavy. This
was notably the case with them iron
and steel stocks, except for Tennessee
Coal, which has regained 2 points of
its decline The bears were disposed
to continue the contest early in the
day and handled the Tobacco stocks
and Sugar rather severely, but even in
these the bear campaign showed con-
vincing evidence of exhaustion before
the day was over.
Sugar ruled above last nights level
during the latter part of the day and
closed with net gain of 1$4c. Amer
lean Tobacco recovered its earlier loss
and Brooklyn Transit, though rather
feverish at times was higher all day.
Characteristic movement of the day
was in the railroads. The southern
group and Southern and Central Pacif-
ic stocks continued to be the centre of
strength with some additions to the
former group over those which moved
upwards yesterday. Louisville was
the leader and rose at the time nearly
3 points, its close being a small frac-
ton below that Southern Railway
preferred continued strong, but Chesa-
peake and Ohio Jagged. The B. & o.
stocks came vigorously forward into
the movement the common rising an
extreme points and the preferred 21a
with subsequent fraction reaction. Nor
folk & Western preferred and Mobile
& Ohio also shared in the strength.
The buying of Southern Pacific was
very large and evidently by powerful
concerted movement. The stock rose
21s and Central Pacific gained 2 points.
There was an isolated movement in the
Pittsburg, C. c. & St. l.. stocks. the
preferred rising s points to par with a
subsequent reaction of 21a, the common
rising IL and closing the fraction.
Railroad stocks generally are higher,
$he gains reaching point in only a few
eases. The grangers, Atchison pre-
terred and Pennsylvania were conspic-
nous. Northwestern gained IA. The
leading cause of the more cheerful feel
ing regarding the values of securities
was the easier condition of the London
money market as disclosed by the week.
ly statement of the Bank of England.
The rate of money fell appreciably in
London to-day, but still ruled above
the bank rate. The bank continued to
buy gold to-day and to import it from
Germany and the probability is that If
the private discount rate should fall
below the bank rate. that institution
would again borrow from the market
in order to stiffen rates. But the SEN
timental effect on the New York stock
market was very marked as increased
. confidence and felt that the gold might
be withdrawn from London to New
York in case of higher money rate
here without upsetting the foreign
stock market. The lang increase in
st. Paul's earnings for the second week
in August in spite of the falling OFF
in the grain movement was an encour-
aging factor.
The bond market did not share In
the increased activity of stocks and
charges were small and mixed. Total
sales par value s1,947 900.
U. S. old As coupon advanced a and
the 5s Is in the bid price.
Quotations closed bid:
xatcilsoH. liz
DO preferred OBSERVATION-DISCLOSURES. b5A
baltimore and ONO OBSERVATION-DISCLOSURES. MS
canadian Pacinc ACKNOWLEDGEMENTS. 80
Sahaua southern ............--.......-.. 5s1s
Sshtrdl racine -..-........-........... aess
Chesapeake and Ohio .................... 2Si4