Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-02-02
RNIN|'[ IND lRADE.

day, mines being strong on circumstan-
t.al report that DR.. Leyds has failed to
obtain loan from continental brokers, al
though 1t is said he declared that the Beers
must collapse soon unless the British cause
was financed in Europe There were also
additional reports that Gen. Butler had
again crossed the Tugela in force. Ameri-
cans were steady; Berlin bought slightly
but without much effect on prices, on ac-
count of profit taking sales in London.
The close was below the best on New York
sales.
Paris bought copper shares on the fort
nightly statistics showing stocks down 800
tons and supply mill.
NEW YORK, February Flour, re-
easy at 2AQH14 per cent; last loan 21a per
cent.
Prime mercantile paped 4@5 per cent.
Sterling exchange strong, with actual
business in bankers bills at $4.S715@I4 SIX
for demand, and at $4S4494S411 for sixty
days. Posted rates s4.S5 and $4SSQ4. SS1z;
commercial bills $4.S3AQ4S3a4.
Silver certificates 591s@60Ac. $40
Bar silver 60ssc.
Mexican dollars 47Ikc.
Government bonds strong.
State bonds inactive.
Railroad bonds irregular.
Stocks-While a good deal of irregularity
was manifest in to-day's market, owing
to the important operations for both ac-
counts in leading properties, the bulls at
all times held the mastery, as evidenced
by the generous sprinkling of net gains
through the list. Influences contributing
to this result included a heavy absorption
of the iron and steel stocks and the ex-
cellent net statements of the leading lines
Efforts to dampen bnullish enthusiasm
met with temporary success at. intervals
through aggressing hammering of the local
group. ragged opening was due primar-
lily to the unsettling incident in Sugar yes
terday and yielding prices for Americans
in London. 1t was soon made evident that
an important movement was carded in the
metal group, as issues which are usually
not factors livened up and advanced rapid
~. Strength developed in other stocks and
the market rose easily. The bear faction
made concerted attack on the local util;-
ties and broke Third Avenue nine points
kindred properties sagged 1884,, and Sugar
and Tobacco were also largely affected.
This n1anoeuvre provoked some selling of
the railroad stocks, but as the various en-
couraging traffic statements came to hand
the offerings diminished and business CEN
tered almost wholly in the fractions. The
generalization in Third Avenue induced
an official statement by the counsel of the
company Of a plan to finance it's indebted
ness by an issue of per cent. notes, al
lowing optional redemption by the COM
pany within year. The notes do not con-
tain any clause permitting their converti-
bility into stock. This statement officially
disposed of recent rumors that the issue
would be $20,000000 and would jeopardize
dividend payments on the stock. Support
ing orders rallied it three points, but it
went down lower than before in a drive
near the close and ended with a net loss
of eight points. A variety of rumors were
circulated in connection with the buoy
ancy of the iron and steel stocks, clrief
among which was the early establishment
of Tennessee Coal and Iron stock on an s
per cent. dividend basis
Other advances were predictions as to
the enormous earnings Of the various COM
panies and trade reports asserting a dis
ttnct Improvement in the industrials. Ten
uessee Coal did not develop its buoyaney
until numerous other issues of this class
had been advanced smartly. When the
movement in it started it quickly assumed
-eminence and rose nine points, despite
enormous realizattons. Gains in other
members Of the group were less pronounc-
ed, but ranged from to 3ta per cent. The
early attempts of the bears to create liqui-
dation in the standard stocks proving I'M
availing, the shorts became uneasy and
considerable lines were taken up, causing a
material rebound in the more depressed
properties. While the inquiry for the lead
ing railroad stocks was not very urgent.
still there was slight appreciation all
around which was fairly well maintained to
the end. The ease with which the activt
specialties responded to the pool buying
caused many of the active traders to trans
fer their efforts to raise prices from the
railroads into the metal group, where the
prospective profit seemed alluring. In con-
nection with the monetary situation, call
and time money rates were easy but bids
for large amounts of the latter were made
below the market, which holds at per
cent London operations, while not extern
sive, were on the long side with purchasers
influenced by rumors that Gen. Buffers
forces had recrossed the Tugela river
There was no change in the Bank of Eng
~
sis of the weekly statement of that bank
and the Bank of France promises con-
tinued ease in the foreign monetary situa-
ton.
A good demand developed for the active
bond issues to-day at higher prices. Some
concessions, however, were noted in spots
Total sales par value $3.50, 00O
United States Is new IS and IS advanced
Ac in the bid price.
SsISHisoH $1,000 '.'.''''''''....... IVA
Do preferred Observation-Disclosures. 62M
baltimore and Ohio neutrality-suspicious.. 1876
canada South OBSERVATION-DISCLOSURES. 40
Chesapeake and Ohio ................... 29A
Chicago Great Western ................. 1884
Chicago Burlington and Quincy. .123ss
Chicago and Eastern Illinois ........... S7ja
Chicago and Northwestern .............159
Delaware and Hudson ...................114
Delaware, Lackawanna and Western. IT'S
Denver and Rio Grande ............... is
DO. preferred ........................... 69Ss
Do. first preferred .................. 331s
Great Northern preferred ..............15s
Lake Erie and Western ................. 2ll5
DO. preferred ........................... SS1s
louisville and Nashville ........... 70
Metropolitan Street Railway ......... .17iss
missouri racine ........-......."... 44Ss
New Jersey Central ..............,.,...11S
New York Central .......................13 4