Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-11-17
STOCK STRENGTH UNIFORM.
AN IMPOsING AND SUBSTANTIAL
SHOWING ON THE NEW
YORK EXCHANGE.
THE IND1sCRIMINATE RUSH
TO BUY STOCKS HAS GIVEN WAY
TO SEARCH FOR THE BEST
THINGS

NEW YORK, November lb.-Comlnercldl
Advertiser London financial cablegram:
The markets here were slightly less act
i've, but generally firm to-day. Americans
were very strong. They opened good over
parity, Berlin again buying. This started
another important upward movement
which continued with New York assist
ance, practically without reaction TO the
close The market N the street was was par pa-
cific. Louisville & Nashville and Southern
Railway issues We're the Leading features.
The money market tone was slightly cas-
Ter. The bank lent a small amount Ior
three days at AZ per cent.
NEW YORK, November 16.-At the
close money on cali was steady at 3u4
per cent; last loan 3i2 per cent; prime
mercantile paper, 41alt5 per cent.
Sterling exchange steady. with actual
business in bankers bills at 4S45s for de-
mand and at 4S0s for 60 days; posted
rates, 4S71a and aS5,2; commercial bills,
4891a.
silver certificates, 64I65.
Bar silver Ga.
Mexican dollars, 50A
Government bonds steady.
L. s. refunding Is. registered. ......... 1o4l2
Do coupons .;.,..........-.-.....'-'' 1 1Oal2
L. S. IS registered. .....................l U91s
Do coupons ...:........-......-.iivv s1a
L. S. new As registered. .lSI
L. S.. old As registered. .............-..l l514
Do coupons .....-.-...,...........-.. .!i93%
Z. S. 5s registered. la
Do coupons Observation-Disclosures. liza
State bonds inactive.
Railroad bonds strong.
Although to-day's business in stocks
did not recover to the full measure OF last
weeks in point of volume the tone OF
trading and the showing of strength were
the most imposing and substantial that
have been made since the election. me
feverish and sensational movement in lso-
lated stocks and the indiscriminate rush
to buy in q lump were not shown to-day
Instead there was steady ana persist
ent absorption of stocks of the best char
acter with legitimate speculative prospects
of increased earning power or Increased
security by reason of added earnings for
junior securities. In the early dealings
the speculation showed disposition to
look for leadership, and powerful leaders
were at hand to inaugurate inviting ad-
vances in prominent stocks in almost
every distinctive group on the exchange.
The absence of realizing pressure as the
advances were easily mad encouraged the
growth of the demand and strength was
disseminated all through the list. The
eastern trunk lines and the coalers were
rather conspicuous exceptions and were
not largely traded in nor widely moved,
but there was no positive weakness mani
Tested even there. There was no import
ant exception to- the upward course of
prices, and among the stocks of railroads
all through the South and West, including
was astonishingly uniform. There was
scarcely railroad stock traded in within
those limits that did not gain at least
point. Not few rose two points or over:
while Burlington and Atehison preferred
gained respectively 35s and 81. Two soft
coal roads also made a good show fof
strength. The preferred stocks of reor-
gained railroads were evidently the fav-
orites In the speculation from the way one
OTTER the other was brought forward into
the trading. Those with prospect of in
~ 49,.
serving their full dividend reports seemed
to be In equal favor. The iron and steel
stocks were notably strong and in Colo
RADIO Fuel the gain was AZ, in Tennessee
Coal 3% and in Hoop preferred S19 Others
of the group gained two points or up
wards The local traction stocks and the
high priced industr.als were strong but
We're not conspicuous. General Electric
got up another 619 points. Consolidated
Gas much, Brooklyn Union Gas Az.
while New York Air Brake made one Of
points, relapsing half that amount. The
growing strength of the market was evil
IDENTIFY due to the determined buying of
the class which held aloof from the eXct-
ed trading after the election. confident
that a reaction must come which would
leave the market healthier, even though
at higher prices. A number of favorable
circumstances also converSed in the days
news Advance sheets Of the trade re-
views for the week expressed so rosate a
view of the outlook for general trade as
notably. Forecasts of the bank statement
were executed with reserve, owing to the
complications which have confused the
significance of recent statements. but a
gain in cash reserve is confidently looked
for, and the continued tendency toward
lower rates for money which made the
maximum rate to-day for call loans per
cent, falling in the late dealings to 31a per
cent, relieved all apprehension over the
money outlook. Profits on the days adj
vances were attractive enough to induce
some selling towards the close but the
effect upon prices was slight and the close
was active and steady.
The substantial character of the buying
was even mere manifest IN the bond mar
ket than in the stock market, high grade
bonds coming into additional favor
Prices are very generally higher. Total
sales, par value, $3.S20,e00
Y. S. bonds were unchanged on last
call
Quotations closed bid:
Atehison ....,.... $7z$ Mobile & Ohio. s915
Do pref ........ SIS NJ X. & IT,. 11b
Bait. q Ohlo..... SIS Do pref ....... S7S
Can. Pacific -. S7% IN. Jersey Cent 1855
Can. Southern E. 81 n. York Cent. 1885
Ches. & Ohio. 1884, Nor & West . 43ss
Chic. G. VIZ. 1875 Do pref ....... 81
Chic. Bur. & Q. 1874 North Pacific esq
Chic. Ind & L.. "a Do pref $50. 50
Do pref ........ 81 Ont & West 26ls
Chic. & e. L.. 90 lOr Ry. & Nav. AZ
Chic. & n. W...167i& Do pref 800 76
c. r. !. & p. .115 tPennylvania 142
c. C. c. e st. L. 667s r. C. C. & st. L. So
Col. South :.:... So Reading ........ 1888
Do or r,raf No ,0-of GOA