Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-04-05
Mexican dollars 47%c.


Z. s. Refunding Is (when issued) 49,. 1851
y. s. Is registered .....................10 0A
Y :. 3s registered .......................1e9 1e
y. 5. IS coupons. ......,;.' ...............1 loA
" =. new as registered. 1851
Y. s. new As coupons. 1884
Y. s. old As registered. .114A
- 3; OLD As coupons .................114A
y. ,. 5S coupons ..........................n
Government bonds weak.
State bonds strong.
Railroad bonds strong
The stock marke. again reflected
strong buying power to-day, orders
for stocks coming from widely sepa-
rate sources both by cable and tele-
graph. The demand showed tend
ency to converge Oh few stocks and
strength was shifted from one group
to another. Prices turned back from
the highest level in the case of all
the active stocks, under the influence
of profit taking by the professional
room traders on the days advance.
The sustaining force of special stocks
was also availed of to take profits on
stocks which have already enjoyed
notable dynce. The mrket was almost
entirely relieved from any depressing
factor in the shape of positive weak
ness in individual stocks, though some
pressure was brought to bear on Fed
eral Steel and on Peoples Gas. The
weakness of Federal Steel had by no
means as much influence as hitherto
during the week. The net result of
the days trading is a substantially
higher average of prices and an i'm
portant digestion of relizing sales with
out any material harm being done to
prices. The movement in Pennsyl-
vania was the most impressive of the
day, owing to the very extensive trad
ing and the large individual transac-
tons which marked 1t. No special
news reached the public to account for
the movement. and it was generally
attributed to the increase of funds
made available for stock market use,
and the accumulated evidences of the
prosperity of the company. Its recent
investment in the stocks of Baltimore
& Ohio, Chesapeake & Ohio and Nor
folk G Western, besides the advantage
es given in the extended control of
possible competitors evidently insures
a good direct return of the outlay in
the shape of dividends. 1t Is said that
part of the special stock is offered to
stockholders at par, which was not
taken up by the privileged stock, has
been marketed by the company at the
current market rate. The premium
commanded by this stock would thus
avert to the treasury of the company.
Reasoning by analogy from the course
of the Pennsylvania company, many
rumorS are current in the stock eX-
change of movements towards consol-
idation or absorption of railroads in
New York Central territory. One
such, alleging the passage of control
OF the Erie, Reading & Lehigh Valley
to New York Central was denied by
Reading officials and the early strength
of the stocks affected gave way to
sharp reaction. The rise in Chicgo,
indianapolis and Louisville and Lake
Erie & Western, is due to the prevalent
belief in the general policy of extend
ing control and influence on the part
of the great trunk lines. The marked
strength of the Pacific stocks was
largely due to demand from abroad,
the buying for London account again
assuming important proportions. st.
Paul on the fourth weekly statement
of earnings and several other railroad
stocks on good earnings were points
of strength, and sugar, the local trac-
ton stocks and tobacco showed good
advances. Realizing was heavy in
Baltimore & Ohio Peoples Gas and on
lighter scale in the Atchison stocks,
and some others. The final reaction
of a point in Pennsylvania from the top
level checked the activity of the mar
ket and the closing was dull and bare
ly steady.
RuSineSs in the bond market was
on very large scale, Reading general
as being taken in round amounts. The
buying WIS generally widely distributed
and prices advanced. Total sales par
value, $5,795 900.
United Sites refunding Is, when is
sued, IS registered, old As and IS de-
clined Nc in the bid price.
Atchison ... .... .......... 2Dss
Do preferred Observation-Disclosures. 731s
Baltimore and Ohio ................... SIS
Canadian Pacific ....................97 K
40