Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-12-15

understood that the lndlan SOlu meH-
toned in Tuesdays dispatches will be
intercepted by Germany.
Silver was dull in the closing OF the
French tender.
NEW YORK, December 14.-Money
on call steady at 405 per cent; last
loan per cent.
Prime mercantile paped 41a05A per
cent.
Sterling exchange slightly easier,
with actual business in bankers bills
at $4.841b for demand and at $48OAQ
4.S07s for sixty days; posted rates
S4.S1h@4S2 and $4.S5h@4S6; COM
mercial bills S4.S0@4.8013.
Silver certificates 64Q65c.
Bar silver 64Bc.
Mexican dollars 50Bc.
Government bonds steady.
U. S. refunding Is registered. .lO4h
do coupons acknowledgements. .105
u. S. IS registered. ACKNOWLEDGEMENTS. I0934
do coupons NEUTRALITY-SUSPICIOUS.. .lV934
T.. S. new As registered. .,........... 1872
U. S. old As registered. .................I It4
do coupons ..................A....... Ida
L. S. 5s registered. .!I5A
District of Columbia Cos. .1241:
Atchison general ACKNOWLEDGEMENTS Gz!s
do adjustment As. :.................... SS35+
Canada Southern ends. 1854
Chesapeake and Ohio 42s..............l9 3@4
Chicago and n. w. consol 7s........,. 1895
do S. +. Debs. 5s.....................lI
Chicago Terminal Observation-Disclosures. 80
Colorado Southern Observation-Disclosures. 1913
Denver and Rio Grande 4s.............l00 l@--
Erie general ~ ~
Fit. Worth and Denver Cy. 1StS........ tS12
General Electric 6S......................IfZ
Iowa Central ACKNOWLEDGEMENTS. 115A
Louis. and Nash. unified 4s.............10lA
Mo, Kas. and Tex. 2nds :............. ~
New York Central 1O95s
New Jersey Central general 5s........12Ils
Northern Pacific 9s......................,d Tvs
N. Y. G. and St. L. .lO7A
Norfolk and Western consol 4s........93
Oregon Navigation 1sts................! 09
Oregon Short Line 6s...................12
do consol OBSERVATION-DISCLOSURES.
Reading general ACKNOWLEDGEMENT 90
Rio Grande Western lists. .1094
ST. L. and Iron Mount. consol 5s...... 1874
st. 1. and S. f. general 6s.........l2S rs,
81. Paul consols .::...,.:........... .l ldS,t
st. p, Chi. and Pacific lists. .1201s
Southern Pacific ACKNOWLEDGEMENTS. S21b
ssoutthherr99 > Ra:Iway 17 %
Texas and Pacific sts..................114
90 mos .:.-.:...........-....'... eg
Union Pacific ACKNOWLEDGEMENTS 07
Wabash lists go. ........................11S
40 ZndS -.......................... VIZ
West Shore ACKNOWLEDGEMENTS. lis
Wisconsin Central 1sts.................. 81
Virginia Centuries OBSERVATION-DISCLOSURES. 1913
State bonds strong.
Railroad bonds strong.
The stock market to-day demon
strated again it's astonishing resilien-
cy and underlying absorptive power.
The faith of capital in the intrinsic
merit of securities and in the country's
prosperity could not have been more
strikingly demonstrated than by such
q movement as to-day. Wall street
has lived for some time past as in
Astounding confidence that the securi-
ties were bound to go up after the eX-
igencies of the yearly settlements had
been met and the money supply re-
plenished by a refuX of funds by dis
bursements of dividends and interest,
but the large encroachment making on
the money market has caused a haunt
ing dread that prices in the stock mar
ket were liable to be toppled over by
a squeeze in the money market and a
forcing of speculative liquidation. 1t
was not until late to-day until a soIu-
ZION VI IlI6 ILldih GIllSlud was OIL
fered in intimation that the losses by
the banks during the week. which are
conclusively shown by the known
movements Of money, have been Off
set by gain of over $4,0000C0 from
some local source. This intimation,
coming on top of a series of favorable
developments, threw the market in a
state of boiling animation and buoy
ancy. The eager buying demand came
from ali sources, professional bears
who were short of the market compel
ing anXiOusly with the rampant bulls
who distributed their buying orders
with lavish hand all through the list
The contrast was a striking one with
conditions a. the close last evening,
when not even the phenomenal advance
in the Erie stocks was able to over
come the uneasiness of spectators
over the palpable showing of the alb
sOrption by the sub-treasury of prac-
tically enough to completely wipe out
the surplus reserves of the banks. The
misplaced confidence of bear operators
in last nights selling movement was
an important factor in emphasizing
to-day's advance. The full strength of
the market was by no means manifest
in the early dealings, although the out
burst in the Wabash securities had a
fortifying effect. The absorption of
the Pennsylvania Coal Company in be-
half of the anthracite group was con-
tinuing influence and was helped by
this mornings announcement of the
accession of very important reports
to the Erie board of directors. The eff
feet was not directly manifest in the
Erie stocks which were reactionary
on profit taking, but the clear evidence
afforded of the persistent policy among
the controlling interests of important
railroads towards consolidation and
extension of influence and representa-
ton had stimulating effect through
out the list. The coalers were first af-
fected as being most Immediately con-
cerned and the movement spread to
the Central Traffic connections of the
trunk lines and to all minor or con-
Meeting railroads in which any com
munity of interest or ownership could
DO tracked. 1t would be useless to try