Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-03-13
BIT SIIVtI oJI4C.
Mexican dollars AZ 12c.
State bonds strong.
Government bonds easier.
Railroad bonds strong.

Government bonds easier.
Railroad bonds strong.
New York, March 11-Quotations on
the Stock Exchange left Off fractionally
above yesterdays close and near the
highest. Trading at the outset was OF
a hesitating character, showing dis
position to follow any one in the spec
ialties This was indicated by rise
in Sugar, the Improvement in this
stock cancelling the earlier decline.
The general market moved systemat-
ically, but very narrowly. Subsequent
ly there was raid on Metropolitan
Street Railway, which dropped 1t nYc
points. This incident stimulated snort
sales on the other stocks, with con-
cessions quite material in Manhattan,
Brooklyn Rapid Transit, Sugar anc
Bay State Gas. The latter was partlc-
ularly influenced by the action OF the
Boston exchange authorities IN dlsccn-
tinuing trading III the stock. This ac-
ton was subsequently taken by me
governors of the local exchange. Inc
railway shares moved very sluggishly
and at attempts to improve them were
retarded by the heavinesS OF the Union
Pacific issues, in which foreign selllng
was quite pronounced. Various pes
simistic expressions as 70 the PROBABLE
character of the bank statement Wnlcn
had been rife during the week, were
partly eradicated when the statement
was published. The salient feature OF
it was a contraction in surplus reserve
of only S1,375, 125. The loan account
showed a reduction OF over S3,OOOOOO
Cash decreased $4,413,000, which re-
fiected sub-treasury operations IN con-
nection with the Central Pacific settle
ment. The statement was received with
considerable favor in the street and in
duced active buying, raising the gen.
eral level of prices above last night
The closing was strong and active.
Third avenue became strong on the
belief that threatened hostile legisla-
ton was less likely. Metropolitan re-
tanned a net gain Of Is on expected ia
vorable developments. Brooklyn Tran
sit was strong on the reports that 1t
was to absorb Long Island Railway,
and the latter advanced 5 points. Much
interest attached to the declaration OF
the regular quarterly dividend on Su-
gar and the stock was strong in con-
sequence. Some speculative interest
professed disappointment at st. PauIs
declaration OF only the regular dlvl-
dend, and because of the last dividend
of ~ per cent on Union Pacific pre-
ferred was not increased. These incl
dents, while they are not different
from what had been expected in some
quarters, had a depressing influence on
a number of the railways. Continued
reports of progress in the so-calleq an
thracite deal were given color by the
strength displayed on the most part of
the week in those properties, Lacka-
wanna retaining points Of an extreme
rise Of 8. At one time the political
tension in Europe over the adjustment
of questions arising in China had an
unfavorable influence sentimentally,
but subsequent adyices were that the
matters in dispute had been amicably
adjusted at least for the present. The
increases in expenses incurred by the
railways during the February storms
were expected to reduce the net show
ings for the month, in which the gross
earnings showed a slight falling or eX-
cept in the case of Granger roads. This
Interpretation of the railways showings
had a depressing influence. The con-
tinued good demand for iron products
was an example of the encouraging
trade advices in many industries.
The bond market followed the ten
dency of the stock prices pretty closely,
which caused considerable irregularity
In the dealings. The market as whole
showed a very substantial undertone,
and some striking gains were recorded
in issues which do not usually assume
much prominence in the trading, par
ticularly the Missouri Pacific mort
cages. Special influences were instru
mental in effecting wide changes in
numerous cases.
U. s. is registered declined u, the
new As q, the 5s and the old is cou
pom 4, and the IS Is in the bid price.
The total sales of stocks to-day were
S15, 400 shares. Quotations closed bid: