Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-09-12

u. >. 5S registered. ...lIo
DO. coupons lilo
Government bonds strong.
State bonds inactive.
Railroad bonds irregular
STOCKS-There was larger attend
ance Of members of the Stock Elk
change at the opening OF the board this
morning than for several months past.
This was due partly to the returning
tide from summer vacations, but there
seemed to be an expectation among
brokers and operators, which was not
realized, that some renewal OF interest
in securities was about to be shown.
London bought on moderate scale
here, that market being encouraged by
continued ease of money, and this help
ed the recovery from the opening de-
cline here. The enthusiasm OF the pro-
fessional traders was short lived, now
ever. They created slight hurry III
the coalers, marking up New Jersey
Central 21a and Reading firsts point
on the prevalent belief that way VIII
be found to adjust the difficulties of the
miners and coal operators. There was
some short covering in sugar, Peoples
Gas and Brooklyn Transit, these three
stocks maintaining their conspicuous
position in the rading. Later there
was some demand for Southern railway
preferred and Louisville Nashville,
seemingly based on the immunity or
their cotton territory from damage by
the hurricane. There were isolated
movements in United States leather
preferred. General Electric, Colorado
Fuel preferred, Chicago & Eastern ILL
nois, c., c., C. & ST. l.. preferred and
Chicago Great Western preferred.
These were all gains, except for Chi
cago & Eastern Illinois. The better
comprehension of the extent OF the
Texas disaster and ST. Paul's decreased
earnings proved depressing factors and
helped to overcome the early advance.
Missouri Pacific, Kansas & Texas pre-
ferred and ST. Louis Southwestern pre-
ferred were all weak. Otherwise the
roads in the affected territory moved
narrowly. This was true. in fact, OF
the whole list and the final prices
showed very few important net chang
es A stiffening of the rate for call
loans to per cent attracted attention
to the possibilities of money squeeze
during the autumn. The rate fell back
to IL percent when the banks came
into the Stock Exchange with their I'M
placed balances late in the day. The
prevalent ease of money is evidently
due to the exceedingly scanty demand,
and any active speculation will proba-
bly, make rapid inroads upon the re-
sources of the banks. 1t is pointed out
that the surplus of the associated banks
is concentrated in very few institu-
TONS While the total surplus reserves
Of the sixty-three clearing house banks
on Saturday amounted to over 26,00O,-
0000, more than S10,000,000 of the sur
plus cash over the legal requirements
was held by a single institution. There
was a rather sharp recovery in sterling
exchange to-day, which gave point to
the supposition that yesterdays de-
cline was partly due to short selling,
and to-day's supply of cotton bills was
inadequate to cover the shorts
Kansas City Southern IS rallied 2A.
Otherwise he bond market was without
any feature. Total sales par vale, $780,
000.
United States old As advanced u and
the IS registered u and do. coupon Is
per cent in the bid price.