The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-25

Tor sixty days: posted rates i.SSn:Q
4S5k: commercial bills $50. Silver GER
tiicates 5shGs0h. Bar silver 59As. Mex
lean dollars 47ls.
Enormous realizing and short gales
to-day materially affected the quoted
price OF stocks. The dealings were In
excess OF a million and third OF shares
and al no time did prices Of the higher
valued railroad stocks reach yesterdays
closing figures. Heavy sales In the carly
dealings were caused partly by the
lower range OF London quotations. and
there were numerous declines exceeding
point. a sharp upward movement fol-
lowed, support being extended 10 Mich
iSan Central, Union Pacific preferred
General Electric. Peoples Gas. Manhat-
tan and Missouri Pacific. New Jersey
Central. Tennessee Coal and Iron and
Federal Steel common were also lifted
The trading element began to sell freely
as the effect OF heavy ,proiit-iaslDg was
appreciated. The market at first be-
came dull as prices receded. but the
selling gradually assumed large vol
umes and quotations rapidly crumbled
away, eventually weakening practically
oil stock traded IN. In the absence OF
unfavorable news the reaction was at
tributed to technical conditions. BY
reaching stop loss orders In the more
active shares material sluinps occurred
In prices. with as much as point or
more difference In quotations between
transactions. Money continued and the
banks were expected to make another
heavy gain IN cash this week. The
movement of money from the interior
and from California continues haevy in
favor of New York. The lowest price Of
the day was made In the faal hour. and
selling ut that time wiped out the gains
In stocks made earlier in the day.
The extreme breaks In the FaRGerbil.g
ranged up to AZ In Northwest. In the
Flower specialtieS the largest break was
In New York Air Brake. 6 points. The
drop In the grangcrs ranged from .
points In Rock Island 10 34 in BurlIng-
ton. Among the coalers the slump
ranged up 10 as in Reading first pre-
ferred. In the Paciilcs the extreme drop
was points In Union Pacific preferred
Pennsylvania dipped 81, Manhattan
and Metropolitan 2h each. c.. c.. C. &
st. L., .: Tennessee Coal and Iron, .;
American Malt B., and General Electric.
2E. New York. Ontario &c Western was
the most active stock in the days trad
Ing, dropping 2is points. II is estimated
that London ut one tins sold 5000
shares, portion OF which was taken
back on arbiiraEc dealings later in the
day. The resistance the market dis
played In the forenoon. notwithstand-
Ing the heavy assaults made Upon Il by
the traders. was explained bV the fact
that during the progress of the raids
several prominent interests were large
purchasers. They protested TO see no
change In the situation. pointing out
that there was no danger In sight OF a
scarcity OF money and that the market
was likely 10 receive support by the
purchases made In the interest OF iasti-
tutiors and individuals who had large
supplies OF funds seeking employment.
4 number of waEers were settled to-day
when Missouri Pacific. on dividend ru-
mors crossed Northern Pacific common
in the forencon's trading. A feature of
TIE market was the resumption OF nc-
ti"itv in the middle class and low priced
stocks.
The bond market displayed early
strength, but later yielded In sympathy
with the reaction In the stock market.
Total sales, sa.26a868.
U. S. IS ard the old Is COUPON de-
cl!ned 4 in the bid price.
Total sales OF stocks to-day were
l,3S2.9si shares.
BONDS AND STOCK QUOTATIONS..
U. S. new Ss... JOE Ore. r. & Nav. 20
L. S. new Is rcs.l29,s Pittsburgh ....lS9
do coupon. la0ia Reading ........ 2Sas
u. s. As ..........u9A do first pre-. Gi"s
IL r,.,ly Ia1., ,,I