Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-01-02

silver certificates 5SA0591sc.
Bar silver 5S7c.
Mexican dollars 4711c.
q. s. Is registered. ......s....... .lUz12
U s. IS registered.
II. 8. IS coupons. ...................-.. .iaayyN
y. 8. new $ registered. ......,........-iissSSH4
u. s.. new As coupons. .loo7&
u. s. old As registered.
II. S. old is coupons .............--.... 1iay
y. S. IS registered. .i 20
~. 8. IS coupons. ...........-..........-.l liza
Government bonds weak.
State bonds inactive.
Railroad bonds irregular.
Stocks-Ine strsngtn developed in
to-day's stock market in the degree to
which 1t extended. was surprise to
traders. Last weeks very considerable
advance in prices offered inviting prof.
Its and it was expected that selling on
this account would be sufficient to feed
the new demand The selling to take
profits In the first hour of the trading
was in fact on very large scale, sharp
advances at the opening helping along
the prices. Last weeks persistent de-
mand and the large gains in prices
were a paradox in Wall street and the
professional traders were very persist
emit in turning the market on any adj
yances. This element was watchful
to-day for any opportunity to swoop
upon the market and break prices to
point at which they could buy in at
profit. When the profit taking became
manifest they made vigorous attack
on Brooklyn Transit, forcing 1t down
over three points and bringing the rise
in the general market to halt. SO
far the course of the market was about
as had been expected. The tone OF
the money market was firm at the
opening and the demand incident to
the active speculation in stocks pushed
the money rate UP to II per cent. dur
ing the day Thus all things seemed
to confirm the expectations of the re-
actionists, who, however, failed entirely
to properly gauge the outside demand
for stocks This absorbed the sales to
take profits and then proceeded to swal-
low up all other offerings available.
The bear party became alarmed at the
proportions of the advance and hasten
ed to cover. The money rate ran down
late in the day to 8 per cent. and the
tone Of stocks became buoyant. The
most striking gains and the greatest
activity were shown in the industrials,
of which Sugar was the leader. The
iron and steel stocks, especially the
common, were also in larger demand at
advancing prices and the strength
spread to other industrials. At the
same time there was confident and
well-distributed demand for the rail-
road stocks. The grangers showed the
largest advances owing to the rebound
from last weeks weakness due to the
St. Pauls and Burlington statements
of earnings and the trunk lines, includ-
ing B. & O., Norfolk and Western and
the great trunk lines were all notably
strong. So were the Central Traffic
lines, such as Pittsburg, Cincinnati,
Chicago & st. Louis, Cleveland, Gin
cinnati, Chicago & st. Louis and the
Lake Erie & Western stocks. Ches-
apeake & Ohio failed to respond. The
strength declines in discount rates
abroad aroused some confidence that
the export movement of gold will not
extend much further, though the
financing of the South African war
expenditures must be reckoned with
and may have been the motive Of the
strenuous efforts that have been max
ing to bring about easier conditions
In the London money market. AS for
the domestic situation, the movement
of money has evidently turned in favor
OF New York. New York exchange at
Boston went to a sharp premium to-
day. An accepted authority estimates
that the total disbursements for Janu-
airy this year, taking into account Sc
curities of banks, insurance companies
and such, will foot up $130.000,000.
There were sufficient points of weak
ness in the bond market to give an
irregular appearance, although the gen.
eral tone was strong. Total sales, par
value, $1,255, 900.
United States IS declined 1s in the
bid price.
Atchison .....;........ ...-................ 2Ol2
Do preferred .................-.......... 625s
Baltimore and Ohio .................... 5Sl2
Chesapeake and Ohio ................... 31H
Chicago Great Western ..........,..... 1875
Chicago, Burlington and Quincy .124s
Chicago and Eastern Illinois. SO
Chicago and Northwestern .-...........16S
Delaware and Hudson. ..................1lS
Delaware, Lackawanna and Western.179
H1Ile LIZ
Do first Dreferred Observation-Disclosures. s353S