Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-04-27
Mexican dollars 47%c.
Government bonds steady.
State bonds inactive.

State bonds inactive.
, Railroad bonds strong.
Stocks-The stock market developed
an impressive show of strength dur
ing the latter part of to-day. The prln-
cipal influence in the rise was a re-
sumption of the upward movement in
Pennsylvania and B. & O.. stock. The
recent reaction in these stocks has
been accompanied by rumors that i'm
portant speculative interests which
had been prominent in the advance
had sold out and taken their profits.
The news of the very heavy OUTLAWS in
prospect for permanent betterment
and increased shipments awakened
some apprehension of dividend in
creases being indefinitely postponed,
not only on Pennsylvania stock, but
on B. & O. and many others which
have been subject to rumors of in
creased dividends, but to-day the re-
port of a probable increase in the Penn
~sylvania dividend rate took form again
and was circulated with great explicit
ness. Bids were made on the board
for the next semi-annual dividend on
Pennsylvania on thousands of shares
of stock at "a per cent, compared
with 21a per cent, the last rate. The
meeting Of the directors for the pur-
pose of fixing the dividend rate is fixed
for Tuesday next. These reports in
regard to the Pennsylvania had the
most indirect influence on B. & %.
stocks, next to pay itself, but the
whole railroad hist responded in vary
ing degree to the influence of this
movement. The pools whose opera
lions for a rise were interrupted by
the steel and wire episode, resumed
their operations to some extent. This
was notably true of the Gould south
western group, which are subjects of
teeming rumors of prospective COM
binations OF consultations. The de-
termined firmness of Sugar and it's
buoyant upturn later had a sympa-
thetic effect on the market. The ove
ment is still attributed to the demand
from the shorts, but the many asser-
tions of favorable developments in the
trade war may also have had their
effect. A number of unusually favor
able railroad statements also had a
strengthening effect on the market.
Increases in net earnings for March
were reported by the Atchison, Topeka
& Santa Fe of SO per cent; by the
Hooking Valley railway of 105 per
cent, and by the Central of Georgia Of
80 per cent. Returns of gross earnings
for the third week in April were also
uniformly favorable. These factors of
strength caused growing uneasiness
among the rather unwieldy short in
~terests, and the demand from that ele-
ment had no small part in the rally
in the market.
The ~unsteadiness of the sterling ex-
change market to-day gave ground for
renewed doubt as to the continuance
for the present of the gold export
movement: The strong return, of the
Bank of England for the week as we'll
as that of the imperial bank of Ger
many, had some effect on the ex-
change market. The sub-treasury's
debit balance at the clearing house
showed a further decline to-day, fall
ing to $500, 119, compared with the re-,
cent average of over a million dollars.
If this replenishment to the money
market is cut off 1t may serve to pre-
vent the outward flow of gold.
The bond market showed increasing
activity and strength to-day. Total
sales par value $780, 900.
United States bonds were unchanged
in bid quotations.
Atchison ........ as%
Do preferred IN
Baltimore and Ohio .--............ S5ls
Canadian Pacific 912
Chesapeake and Ohio ...-........... S1&
Chicago Great Western ........... 1875
Chicago, Burlington and Quincy ......I 27
Chicago and Eastern Illinois. .1o41s
Chicago and Northwestern.........163
Delaware and Hudson ..............Il5
Delaware. Lackawanna and Western. .179A
Ere ......... 15la
Do first preferred ......... 40
Great Northern preferred ....-... .157ls
Illinois Central 1851
Lake Erie Nd observation-disclosures. e.
Do prefel6Id ..... .r...
Lake Shorj ... l..-10e
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