Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-02-14
Silver certificates 59A @61c.
bar silver 591Sc.
Mexican dollars 47Mc.
Government bonds. steady.
State bonds easier.

government ponds STEADY.
State bonds easier.
Railroad bonds irregular.
Stocks-The stock market gave evil
dence to-day that the selling movement
to take profits which developed about
the middle of last week had run its
course. The professional operators IN
stocks who hesitated to resume opera
tons ON the eve of a double holiday,
were buyers at the opening to-day.
There was no evidence Of renewal or
outside demand, orders through com
mission houses being on a very email
scale and not showing a notable in
crease as prices made progress upward,
but the professional traders bought
with confidence and maintained prices
quite firmly, apparently with faith that
outside demand would develop. There
were quite notable advances in the
local traction stocks due to Individual
causes, the principal n being a ru>
NOR that Metropolitan was about to
take over Third Avenue. There was a
heavy demand from shorts in this
group, driven to cover by the strength
OF the stocks, thus %affording material
aid to the advance. Otherwise the
strength of the market was due to the
general favorable outlook for business
and industry. The days returns OF
railroad earnings were all extraordin-
arlly favorable, ever those Of the cot
ton carrying roads showing recupera-
tion from the recent low level on &C,
count OF the increased movement of cot
ton induced by the high prices for that
staple and the sharp foreign demand,
some OF the western railroad, which
suffered severely from last years snow
blockades, are showing large increases,
and the increased grain movement
caused notable strength in the grangers.
Business in the trunk line railroad
stocks showed the most conspicuous
efforts of the improved condition of the
rate situation and the continued large
volume OF merchandise traffic. The
Southern group of trunk lines, in which
the influence and control of Pennsyl-
wanna are becoming dominant by large
purchases of stock of the competing
companies, were all markedly strong,
Pennsylvania leading with an extreme
rise of 81. Baltimore & Ohio prefer
red rose over 3 points, being greatly
affected by the January statement OF
earnings, which showed practically all
of the increase in gross earnings saved
for net with the resulting increase in
the latter CT over 1861, 900, or nearly 1873
per cent. The iron and steel stocks
were all notably strong on the growing
evidence OF a continuance Of last years
large demands for all grades of iron
product. Considering that last years
hiAh prices were made by the urgent
move In the belated bidders for a COM
paratively small part OF the years pro-
duct, it is estimated that the continued
high level Of prices, for the total pro-
duct, will yield largely increased re-
turns in the aggregate. The eager de-
mand for cotton is also taken large
account of as assuring prosperity to the
southern section OF the country. The
rubber stocks broke sharply without
explanation. Not much account was
taken of the money outlook and of the
opinions of careful observers that a
Period of higher rates is likely in the
near future, owing to the renewed abb
sorption of funds by the treasury and
the cessation of the movement of funds
from the interior to New York on &C
count of the active business. Specu-
lators are inclined to discount a prob
able imitation OF the currency by the
pending financial bill.
There was a good business in bonds
at mixed price changes. Total sales
par value 81, 200.
United States bonds are unchangei
In bid quotations.