Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-02
Mexican dollars 47Nc.
Government bonds firm.
Railroad bonds strong.

-.
Y. D. 5s, coupon =
Government bonds firm.
Railroad bonds strong.
Stocks-The stock market reflected
from the outset to-day the reduction
of the unwieldy short interest by the
large covering which took place yes
terday and which caused so lively
rally at the weak points of the mar
ket Practically all the stocks showed
renewed weakness to-day, Third Ave
nue. conspicuously SO. This stock fell
in the last hour to new low level,
full point below yesterdays lowest and
rallied but feebly, closins with net
loss of 81a. Rumors )were circulated
of a very heavy assessment to be lev
led on the stock to effect the reorga1-
ization. The other local traction
stocks relapsed weakly in sympathy,
declines ranging in tie group from
2 in Manhattan to Ga in Metropolitan.
The shorts in Sugar were much less
eager to cover and that stock also fell
back, falling an extreme Az and clos
ing with a net loss of 31s. Very
marked weakness in the metal stocks
was an added factor towards reaction.
American Hoop leading the decline
with a, loss for the common stock of
AZ and for the preferred of points.
Colorado Fuel. the Federal Steel
stocks, Tin Plate, Steel and Wire, Ma
tional Steel and Tennessee Coal lost
from IL to 31a from the best prices,
the last named having shown consid-
cradle strength in the early dealings.
Peoples Gas reacted "a. Outside bus
mess was very much hampered on &C
count of interrupted Geographic COM
munication and the buying orders
through commission houses which
have been growing in volume for a
number Of days past, fell to insignia
cant proportions. There was, how
ever, a good demand early iq the day
for railroad stocks based on the con-
tinued reports of large earnings for
January in spite of the high level of
operating expenses. The great Penn
sylvania system showed a gain in net
earnings for January of the lines di-
rectly operated, both east and west of
Pittsburg, of 73 per cent. The Cs B.
G O., with only a small increase in
operating expenses, showed an in
crease in net earnings of no less than
172 per cent. The Cleveland, c.. C. &
St. Louis system increased its surplus
for January over ten-fold, and L. &
N net earning power naturally led to
buying of railroad stocks, many of the
less prominent stocks joining in the
movement, but the whole list sue
cumbed to the influence of the weak
ness in the specialties. st. Paul's
statement for January also had a dis
couraging effect as it showed the gross
increase nearly all eaten up by addi-
tional operating expenses. The de-
cision of railroad presidents to give
official sanction to the notorious cut
ting of grain rates from Chicago had
some influence on the railroad list.
London was liberal buyer of stocks
during the day on the strength of the
relief of Ladysmith and took fully 3d.
600 shares.
Sterling exchange rate yielded % on
this account and on continued export
demand for cotton. The sub-treasury
absorption of cash since Friday reach
ed nearly 100000 to-day In spite
of the March disbursements both for
corporation and government account,
it is realized that this must have a
marked effect on the showing of the
banks in the coming weekly state
ment. No effect was manifest, how
ever, in the days money market. The
bond market was active and prices
were well maintained. Total sales,
par value, s2,545,0 900.
United States IS registered ad-
vanced u in the bid price.
AtchiSop oa-f