Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-01
Mexican dollars 47%.

T. S. new As, coupon. 1879
Z. s. old as. registered (ex-int.).-...-.u e3a
L. S. 6s, registered. ..llo12
U. 5. 5s, coupon. ....................'1lo74
Government bonds irregular.
State bonds inactive.
Railroad bonds firm.
Stocks-Evidence accumulated as the
day progressed in the stock market
that the short interest in the group of
specialties, which has recently been
declining had become unwieldy and be-
fore the day had closed an urgent de-
mand developed for these stocks from
the bears, who had overstayed the
market and who were eager bidders
for stock to cover short contracts.
Thus the apparent anomaly was pre-
scented of buoyant rise in the price
of stocks concerning which recent I'M
favorable news was still uncontradict-
ed or new facts developed of a still
more unfavorable character. Addition
al mechanics liens were piled upon the
assets of the Third Avenue and a re-
ceiver was appointed; yet the stock
offered firm resistance at yesterdays
low level and rose at one time as much
as 8A. The franchise tax committee
which recent rumors by professional
bears have credited with a purpose to
practically confiscate the net earnings
OF local corporations began its sittings
to-day, but the stocks of the New York
public utilities rose from 21a to 6
points. Published reports alleged con-
tinued decentralization and cutting of
prices of Sugar and the continuation
of professional spectators remains I'M
shaken that the next dividend will be
cut; but Sugar shows net gain of 24.
The simple explanation is that bear
traders have been selling these stocks
without holding certificates with which
to make delivery and when they tried
to buy, they found a horde of traders
in the same situation and a lively
competition sprang up to secure the
floating supply. Peoples Gas, the To-
bacco stocks, a number of the Metal
stocks. Western Union and some others
which have been under recent press
ure, moved upwards under the same
influence. The Leather stocks weak
ened on the yearly earnings reported,
which were much blow recent sanguine
estimates, and the bears endeayored
to create divrsion in their favor by
raiding the stocks. The rest of the
market refused to respond. Relieved
of the elements of acute weakness
which have recently dragged it back
the railroad list rose strongly and quite
uniformly, the exceptions being stocks
which have already advanced in face
of the recent weakness. The advance
was rather marked in a group of low
priced common stocks of companies
whose senior preferred stock have al
ready reflected their improved pros
poets of dividends by reason of in
creased earnings. Foremost of the
group were Atchison and Southern
Railway, which rose rs and respec-
lively. There were good advances al
so in Erie, ST. Louis Southwestern.
Wabash preferred, Chicago Great
western, Colorado Southern second pfd
and North American. The movement
in grangers, led by Burlington was
based on the7fall of snow in the north
west which is believed to afford secur-
ity to the wheat in the ground as was
reflected by the downward tendency
OF that cereal on the grain exchanges.
This movement is of special interest
as being the first of any moment in
the stock market founded on the pros
poets of this years crop thus ushering
in new influence and hazard which
will play growing part in the prob
lem of values. The closing was active
and strong at about the best.
The bond market was not very ar
tive, but was firm. Total sales par
value s1,595 900.
United States 5s coupon advanced IL
and do registered old As and IS u and