Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-04-17
succeeded in making only a slight i'm


preston on values.
Stocks were somewhat irregular ear
~ in the week, but gradually recuper-
ated, thus dispelling the uneasiness
engendered by the industrial smash
last week. Brooklyn Rapid Transit,
which was most prominent in the re-
cent decline, again reached its best
previous price. The railways moved
within a comparatively narrow range,
wavering in sympathy with various
crop advices. The government crop re-
port was regarded as less unfavorable
than expected. Railway returns were
generally favorable and the increased
activity IN the industrial world it was
thought, would continue to benefit
railway traffic. The continued keen
demand for the finished products OF
iron was responsible for marke1.
strength in the iron and steel shares.
Call money was decidedly easier, aver
aging III points below last weeks
rates, and the banks were disposed to
be far more liberal in accepting indus
trial collateral for loans since many
weark holdings were forced cut last
week. A number of very large finan-
citl dealings were consummated with
out disturbing the money market,
while some discrimination, particularly
by foreign bankers, against industrial
collateral was still noticed, such in
dustrials as complied with the stock
exchange requirement of statements In
order to be listed were treated more
leniently. The easier money condi-
aia11 w hpr oil n
highly manipulative stocks, which are
largely held on margin.
The traction and gas shares of Great
er New York were very prominent in
the weeks dealings on many CONSOLE
dalton stories, varying only in scope.
There were advances of over Is points
in Brooklyn Rapid Transit. in Brook
lyn Union Gas, Consolidated Gas 5,
Manhattan liz, Third Avenue Az and
Metropolitan IN. Notable advances
among other specialties were Sugar
S1a, Colorado Fuel & Iron rs, CONT
mental Tobacco 9A, American Tobacco
5, Federal Steel SIS and Peoples Gas
9k. Strong features among the rail-
ways were the Vanderbilts, the South
western group, especially Mobile and
Ohio, Missouri Pacific and Baltimore e
Ohio. Tips are very abundant in the
present market and because of the large
public interest displayed these predic-
tiOns of price movements in particular
stocks are more generally realized than
of recent years, when there was more
restricted speculative interest. Opti-
mistic utterances by market leaders
have been frequently verified by events
because the public's confidence result
ing from long bull movement. While
the banks gained in cash it is an
nounced that the government will with
draw $10,000,000 from the depository
banks in million-dollar weekly pay
ments An active and variable money
market may be expected owing to the
recurrent financing Of industrial COM
blnatlons, but for the present strin-
gency is not looked for by authorities
The speculative activity of the week
has been largely away from the stand
ard shares OF known value and has CEN
tered in specialties whose price, judg-
ing from present returns, seemed to dis
count future developments.
A moderate inquiry prevailed for
prime mortgages during the week and
there was also large absorption OF
the semi-speculative grades. Prices in
the main improved, but the general
movement was hesitating at times in
accordance with the characteristics of
the stock market.
U. S. IS coupon advanced Y, do. reg
istered and the new As registered 4,
and the old As coupon Is.
The IS and the old As registered de-
clined u in the bid price.
The total sales of stocks to-day were
510,290 shares. Quotations closed bid:
Alcn-soh ....... .-........'....-.-....- IA
10 preferred ....-... ...--.-.....--... 6iia
Baltimore and Ohio ................... q
AaHaoa racine OBSERVATION-DISCLOSURES. ga
Gehtfal racine ......................... o1ss
Chesapeake and Ohio ................ 27ss
Chicago and Alton ACKNOWLEDGEMENTS
Chicago. Burlington and Quincy. 10
Chicago and Eastern Illinois. 721z
Chicago Great Western ............. i5,h
Chicago and Northwestern. .......... .i521s
Do preferred ...... ~,
Delaware and Hudson .-.............. 50la
Delaware, Lackawanna and WesseI ia
G<rlt new -.....-.. II
~, dyQ rHrs. preferred ssSas
Great Northern preferred 1891