The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-11-28
BROKERS.
ADAMS & CO.,
1910 Market street,
Opposite postofllce.
New York and ST0CkS Grain
rittsoureh.... - Markets.
Standard Investments Securities.
TELEPHONE 1927.

Southern Railway preferred, Baltimore
& Ohio, Southern, Pacific and the
American Smelling stocks. The move
ment In the coalers was helped by the
wintry weather reported. The move
ment caused the revival Of old rumors
OF consolidation or change OF control.
the effect being notably manifest In
New Jersey Central. which rose six
points to 149. reacting IL. The bust
ness in the group was small except in
the Readings, which reflected very
heavy and concentrated buying. The
first preferred rose at one time 2ls and
closed o point lower. Lower buying
continued Of Southern railway prefer
red and rumors continued of coming
increase Of dividend and dissolution
OF the voting trust. This was about
the only stock except the Denver 6; Rio
Grande Of yesterdays strong group
which held out to-day. The American
Smelling stocks rose 2E and Il for the
common and preferred on talk Of the
absorption of the principal competing
interest. International Paper rose four
points without explanation. Shortly be-
fore the close very large buying orders
of Southern Pacific came In force, the
individual transactions running from
one to six thousand shares and lifting
the stocks two points. During the early
part Of the day, while the general mar
ket was strong, the steel and copper
stocks were weak. The steel stocks
showed disposition to rally, especially
Steel 6 Wire. which got above A at one
time. The stocks closed unchanged.
Amalgamated Cooper was very heav-
lily sold and late In the day fell to 9i8
and closed with net loss OF *. The
general reaction In the market was not
accompanied by any unfayorable &C.
velopment in tho general conditions.
but to disappointment Of some specula-
tive expectations. The principal Of
these was that to-day's London stock
exchange settlement would develop n
very heavy short interest in Americans.
On the contrary 1t was shown that
quite large long account existed In
Americans. and that London sold
stocks here for the new account. An
other speculative assumption was that
Chicago and the west had been pre-
vented yesterday by the interruption Of
wire communications from buying
stocks very largely, but the opportu-
nifty of to-day was not taken advantage
Of. Conditions In the money market
continue very easy In spite of the gain
by the sub-treasury from the banks on
routine operations and the approach Of
the monthly settlement period, which
usually makes demands on the money
market. The action of the money and
exchange markets in response to to-
days operations in stocks suggests that
London's speculative operations here
are being carried with local money
market facilities. Thus to-day's selling
Of London had no effect on the eX-
CHANGE mn r1Snt which Iyoc 1nwar in
spite Of the higher money rate In Lon
don. The easier tendency of local mo-
ney might be due to the release of funds
caused by the London liquidation.
The bond market was active and
prices were higher. Total sales par
value, s3,075. 900.
United States 81 declined 4. and the
new and old Is advanced Z per cent on
the last call.