Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-02-11
Mexican dollars 47Bc.

Z. ;. 5S registered ................ .1117A61l2A
I. 5. 5s coupons. .................1i1 @4M12
Government bonds strong.
State bonds inactive.
Railroad bonds strong.
Stocks-The market left off with ad-
vances in the leading specialties and
prominent railways with the tone I'M
settled. The dealings were largely pro-
fessional and were in the nature of
evening contracts over the triple hol-
iday. The early trading was practically
featureless. Commission houses had
lS.t few orders and the trading for Lon
don account was in very moderate vol
ume without any marked tendency.
The railways were inclined to sag in
the early trading, St. Paul's earnings
increase of 100000 falling below expec-
tations. Aggressive buying of Burling-
ton dissipated the early hesitancy and
had a favorable influence on the mar
ket generally. The coalers showed par
ticular strength as did New York Cen
eral, Pennsylvania and the grangers
generally. The usual refunding stories
which lacked official confirmation were
revived in connection with Burlington's
strength. Pacific Mail recovered an
early decline which was attributed to
advices that the steamship subsidy bill
was unlikely to pass Sugar displayed
strength, while Tobacco was weak,
of H.
cesses about Manila had a sentimentalIy
beneficial influence on values. Prices
Aose until delivery hour, when there
was a brisk selling movement, but
stocks were so well taken that rally
ensued in some quarters in the final
dealings and the market closed over
the holidays to be reopened Tuesday
morning.
Meanwhile the bank statement will
appear and much Importance attaches
to it's character.
Railroad miscellaneous bonds were
in good request throughout the day,
with gains of Importance in some is-
sues. Totcl sales $3,S50,O0O. u s. old
As registered advanced a and the 5s
registered Il in the bid price.
Stock prices this week were extreme
ly variable with a contraction in deal
ings compared with the recent large
volume. Comparative prices show
great irregularity with losses prevail
ing. The uprising at Manila exerted
! a disturbing effect, but spectators
were inclined to view this incident as
assuring the ratification of the Spanish
peace treaty. According to the trad
ers' view the disposition of this matter
would be favorable to stock prices, in
asmuch as it would remove one of the
uncertainties Of the situation. There
fore, there were purchases of stocks in
anticipation of the Senate's action, al
though there were many confusing adj
vices as to what that would be. Lon
don took a more optimistic view of
the announcement that the treaty had
been ratified by the Senate than that
displayed by the local traders, who fol-
lowed their custom of realizing profits
on the elimination Of what they re-
gard favorable news, sold freely Tues
day morning and prices receded very
materially. A rally set in about noon
the following day and continued until
the closing dealings of Thursday. This
in turn was followed by advances on
Friday, coincident with the announce
ment of the second success of the
Americans operating against the Fill
pinos. The transactions for London
account were pretty evenly balanced
for the week, and to-morrow's ship
ments from London CT American secur-
tiles, it was believed, would bring the
y last batch that London had sold.
These sales in recent weeks, it was
calculated, were equal in value to about
S35,000,000. These sales resulted in
easier monetary conditions abroad,
while at the same time money appeared
in abundant supply locally, there being
loans Of as low as per cent. for call
q
ica's receiving, in part payment for her
large balance of trade. round amounts
Of gold from Australia. The uncertain
ty and hesitancy in the earlier part of
the week may be attributed largely TO
the unfavorable Interpretation of last
weeks bank statement and the curtail-
nment of dealings and the uncertain
tone of the market later may be ac-
counted for by speculation as to the
probable showing of this weeks bank
statement. Notable advances for the
week were Lake Erie & Western pre-
ferred 33z Metropolitan Street Eail-
way and Consolidated Gas 3a4. The
declines include Tobacco 8, p, c., C. &