Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-12-19

The bank lost e 900 gold to India,
100000 to the Continent, and $4,000
TO an unstated destination.
NEW YORK, Dec. 1S.-Money on call
per cent.
Prime mercantile paper, 4A@51a per
cent
Sterling exchange frmer with ac-
tual business in bankers bills at
AS4% for demand, and $4.S01a for
0days; posted rates $4.S112 and $4.S5
ON; commercial bills, 0a4@S0A.
Silver certificates, 64@65.
Bar silver, GA.
Mexican dollars, 50A.
Government bonds irregular.
L S. refunding IS registered. ......... 1918
do. coupons OBSERVATION-DISCLOSURES. .W9Ts
L. S. IS registered. ......................l!O
do coupons OBSERVATION-DISCLOSURES. NV
L. S. new is registered. ...........-.....l3S %s
do. coupons NEUTRALITY-SUSPICIOUS.. .laS1s
L. S. old is registered. ...........,....
do. coupons Observation-Disclosures. 10
L. So IS registered .......................1l 1872
Go. coupons ACKNOWLEDGEMENTS. .ltJ12
District Of Columbia G5s............. 12l5s
Atchison general 4s.....................l0 24s
do adjustment ACKNOWLEDGEMENTS. SS3s
Canada Southern ends. 1854
Chesapeake and Ohio H2s............1 04
cG f0 S5 and n " conso iis.....i5ss
do S. T.. Deos. 5s....-.................lN
Chicago Terminal observation-disclosures. 1872
Colorado southern As; ..:........'.'..,S 60
Denver and Rio Grande 4s............l 0l34
TT Wor and Denver City 1sts........ 70
General Electric ~
Louis. and Nash unified 4s...........lelj4
Mo, Kansas and Texas 2nds:.....-... ooth1s
New 90; York + Central 1sts 1 Sss
New Jersey Central general 5s........12Sii2
Northern Pacific Ss..............r.......l rs
n 10 T. g. and St. l.. 4:..........i9S
Norfolk and Western consol 4s........ 9934
Oregon Navigation 1sts................l 09
oregon res rs short line i25@s
Reading general Observation-Disclosures. 1913
Rio Grande Western 1sts.........:.. .lol
ST. Louis and Iron Mount consol IS. 1854
St. l. and S. F. general 6s..............l 29A
ST. Paul consols. .........................lS1
St; p, Chi and Pacific 1stS..-;;..... 1872 1872
Southern Pacific 4s..................... 82I
Southern Railway 5s....................1l3 4
Standard Rope and Irvine 6s........... 20
Texas and Pacific 1sts...................n4
Union Pacific Observation-Disclosures. 1865
Wabash lists OBSERVATION-DISCLOSURES. .llS
do 2nds ...: Jog
Wisconsin Central 1sts.................. S11s
Virginia Centuries OBSERVATION-DISCLOSURES. "a
State bonds inactive.
Railroad bonds irregular.
The irregul2rity and unsettled con-
dition OF the stock market to-day were
due 10 varions conflicting causes. There
was still some evidence of the impor-
tant buying which has been in evidence
for many days now and which is com
monty attributed to operations by
large banking interests. looking to the
consolidation Of control OF many COM
peting and connecting railroad systems
The buying of this kind was very dis
tinctly less than for some time past.
Efforts were made by professional oper-
ators to give an appearance of con-
tinuance of this class Of transactions.
But he manlpulative character of
many movements designed to give this
impression became rather obvious and
they met some feeling Of doubt and
6istrust. The crop rumOrs regarding
additional plans for such consolidation
still to be put N effect showed some
vagueness and were not free from in
trinsic evidences of imprObability In
spite Of the cradulous mood which has
tSCtAlIy PIE III w dll Sll6tI re-
garding anything that pointed to con-
solidation, the influence of these move
ments and stories therefore lost some
OF their force. Another consideration
was that the opinion has become we'll
settled in Wall street that the surpris-
ing decrease in loans in last Saturdays
bank statement was due primarily to
the movement Of the deposit account.
The banking interests and financial in
situations, which have had so large a
part in the recent buying Of stocks
Rave evidently been drawing down the
deposit accounts of the banks to do so.
This necessities a contraction Of out
side loans. While the bankers buying,
therefore, is / strong sustaining force
in the stock market, it. Is equally
strong as a depicting force in the mon
ey market, upon which spectators are
dependent for their resources. Anoth-
er unsettling influence was Londons
change of front. After buying active |
ly here yesterday that centre sold free
ly to-day This was, of course the out
come of the monetary situation in Lon
don. With further military reverses
in South Africa and the foreign ex-
changes running against her, it is the
common expectation that the Bank of
England discount rate will be advanced
tomorrow. Such condition is al
ways sufficient to cause liquidation Of
foreign securities from London in the
interest OF the money market. But it
Is not clear that the more conservative
class Of investors i'll England are not
attracted by American securities.
The decline in trade activity there
and the continued high earnings here
make the American securities rela-
lively mere attractive for Investment
No uneasiness is apparent over the
money market outlook so far as the
immediate future is concerned. The
sub-treasury, is contributing to the
market by reason Of the large pension
payments, increased premiums on
government bonds. which are being
rushed for conversion into the twos
before the refunding period expires,
and some payments on assay Office
checks for gold deposited at Pacific
coast points. While these conditions
make for the safety of the money
market, the possibility is recognized
of pinch in the last week of the
year, and especially if undue specula-
tive commitments are allowed to
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