The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-11-21
BROKERS.

SsY Ssft and STOCKS. s ss4Re,,.
standard Investments Securities.
TELEPHONE 1927. ~
eager army of operators and specula-
tors who are watching for available
openings failed to find any until the
movement in Northern Pacific Develop
ed. The volume and character OF the
dealings in the stocks. however, pre-
cluded the idea Of purely speculative
operation. No authentic news was dis
closed to explain the movement, such
rumors as were heard being prompted
rather by the effort to explain by guess
work. 1t was alleged that It had been
determined TO retire the preferred stock
at par as the company has the right to
do under the terms OF Its issue. The
favorite theory, however, was that the
buying OF Northern Pacific represents u
process Of TRANSMISSION OF interests be-
tween the different trans Continental
railroad lines or, more Immediately the
Northern and Northwestern routs. Such
q process Is on the lines Of what has al
ready been accomplished on large
scale In the eastern trunk line field and
Is in accordance with the best accepted
theory for o. solution Of competitive
problems In rallroadlng. That some i'm
portant development will be forth
coming is iudubltable by the test Of the
tape. The movement In Northern Pa
clflc had u dominant influence on the
whole market. and pulled 1t up efrec-
tually from the reactionary tendency
which had over-borne 1t during the
early part Of the day. This was due to
the continued Heavy profit taking and
to very large selling for London ac-
count. after light buying movement
for that account In the early dealings
1t Is believed that very large ship
ments of stocks, and especially IF
Northern Pacific. which have been sold
for foreign account since the election,
are now on the ocean. This would
create temporary shortage in the
supply available for borrowing pur-
poses and would add materially to the
embarrassments Of short interest.
The profit taking continued to de-
gree. even after the general tendency
had become strongly upward. and some
Of the prominent stocks practically fall
ed to respond at ALL The movement In
the Iron and steel stocks was exceed
iDgly Irregular and number of other
specialtieS which have had recent nota-
BILE advances, hung back to-day. AS
consequence, the days net changes
were exceedingly uneven, and not a
few declines were mixed in with the
notable gains. Tho conspicuously strong
stocks. beside the Northern Pacifics,
We're the Union Pacincs. Great North
ern preferred, the AtchIsons, Missouri
Pacific, the Denver &c Rio Grapde and
the Baltimore & Ohios. Among the In
dustrlals and specialtes the steel and
wire stocks, Federal Steel, the Tobac-
cos, Peoples Gas, Sugar, North Ameri-
can and International Power were con-
spicuous. After 4 sharp reaction on
profit taking the Northern Paciflcs raj
lied. carrying the whole market with
them and the closing was very ANNA
ted and buoyant at about the top level.
Profit taking was in evidence In the
bond market and prices were generally
lower. Total sales par value, s3,025, 900,
United States IS coupon declined 4
and the new As u per cent. The old Is
advanced 4 per cent on the last call.
o. s. Bonds.
U; $. rel: Is res.lS;S y. s; new IS cou.lS..s
U. S. is g.....1Og1s U. S. old Is cou.ll6
y. $. 3s coupon. l09iE U. S. IS reg .ll21,
US. new Is regl3l U. S. 5s coupon. .liaS
Stocks.
Atchlson .....:.. SS9sl Mobile & ohlo... 40
do preferred. S3ts Mo-. Kan. e T.. llS
BAL. a. Ohio..... sly. do preferred. 81
Can. Pacliic..... So. N. ]. Central. LII
Can. Southern. SCI. \. Y. Central. 1874
Ghcs. & Ohio. q Norfolk & W.. Az
Chicago g. W. 14H do preferred. 81
Chi. Bur. & Q .l3lAl Northern Pac.... 72;3
Chi, Ind. & L.. . do preferred. ssh
do preferred. 81 Ont. & Western. ~,
Chi. & East III. 9SA Ore. Ry. & NJ. 20
Chi. d n. W....167 do preferred. &c
Chi. r. ] q P.lli& Pennsylvania ...lt,A
G. c. c. & st. l.. C6isl Reading ......... 19A
Col. Southern. do lst PREF. G.,
do LIST prc..... 49, do I'd pre-. 800. q
do Cd pre-. 1SHI Rio G. Western. 81
Del. 4 Hudson. ll6h do preferred. az
Del. l.. & W.. .lS2 ST. l.. e San T.. 1GH
Denver y X u. .3ts do LIST Dre..... u
DO preferred. 7lS do I'd prc...... 10
Erie ............. Il ST. Louis, S. ". IN
do list pre-. ieSI do preferred. 35,s
G. North. pre-. .lSl3ai St. Paul ..... .lat7s
Hooking Coal. Ii do preferred. Ia
Hooking Valley. S9t. st. 2. &c Omaha. IN
Illinois Ccntral.l2t5:I Southern Pac.... q
Iowa Central. 20N Southern Ry.... M
do preferred. Il do preferred. G3is
/ Lake Eric s: W. 3Tf. Texas & Pac. laiL
do preferred. .lOSIi Union Pacific. Il
Lake Shore. ...2ioA do Preferred. SIX
Lou. &; Nash. 50 Wabash .... s.
Manhattan L...1ttti do preferred. :. 2lTt
Met. ST. Ry....IS Wheel. & l.. F.. l0it
Mex. Central. 1SA do I'd prc....... 394
MINI. " st. L.. Goti Wis. Central. 12It
do preferred. .iO2 Third Avenue. Ill
Mo. PncIAc...... C0;sl
Express Companies.
Adams ..........1lo United Stutcs.... IS
American .......lG Wells Fargo. ..lJO