Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-12-21
ENORMOUS PROFIT TAKING,
RENDERED THE MARKET RE-
ACTEONARY.
A NORTHERN PACIFIC RUMOR
CAUSED A GREAT RUSH TO SELL
STOCK.

NEW YORK, Dec. 20.-Commercial
Advertisers London financial cable
gram:
good volume of business was tran
sacted in the markets here to-day,
but the tone was weak, the failure of
the Bank of England to advance its
minimum discount rate being counter
acted by the bank return, which
showed that e1,000,0O0 had gone into
the interior. This suggested dear
money, which was the principal topic
of conversation.
Americans were distinctly active,
but the fluctuations here were moder-
ate. The New York opening caused
only a half hours rally, the close here
being at the lowest Prices rallied,
however, in the street. Northern Pa
cities were bought in influential
quarters on REPETITION of the state
ment that the preferred stock was
converted into bonds. Illinois Central
also was bought, mainly for the reas-
on, apparently, that it has hitherto
| been neglected.
The failure of the bank to change
fhe discount rate had a favorable
effect on the exchanges, and no gold
was taken out, although Paris was
buying some in the open market In
dia is resuming its silver purchases.
The banks of Bengal and Bombay
have raised their discount rates from
6 to I.
NEW YORK, Dec 20-Money on
call steady at 405 per cent; last loan,
4 per cent.
Prime mercantile paper, 4A051a
per cent.
Sterling exchange steady with ac-
tual business in bankers bills at
$4S43s for demand, and at $4.S01a0
Is for so deys; posted rates, s4S10
p and $4S5Q12; commercial bills,
$479a@4S0A.
Silver certificates, 64@65.
Bar silver, 63%.
Mexican dollars, so.
Government bonds irregular.
t., S. refunding IS registered. .......105
l.. S. IS registered. ................ .1lO4
L. S. new As registered. .I3S
L., s. old As registered. .IIol4
opuPols 800. '-..''.-..-'-.'.. .l164
District of Columbia 8 65s............135
Atchlson general .102A
do adjustment ACKNOWLEDGEMENTS. SS14
Canada Southern 2ndS..............,..l0S 3I
chesapeake and Ohio 41as. .104
Chicago and Northwestern consoi is 1895
do S. F. Debs. 5s..................1 23
Chicago Terminal Observation-Disclosures. 95lk
Colorado Southern Observation-Disclosures. S41e
Denver and Rio Grande 1913
ERIE general ACKNOWLEDGEMENTS. S5i4
FIT. Worth and Denver Cy. 1sts. SOS
General Electric 5s ...................145
Iowa Central lists .....................115A
Louis and Nash Unified .l0l1%
Mo, kas. and Tex. ends 7532
90 IS ACKNOWLEDGEMENTS. 94la
New York Central lists.
New Jersey Central general 5s........1 2Sss
Northern Pacific OBSERVATION-DISCLOSURES. 71s4
n. Y. G and St L. .ioS1
Norfolk and Western consol 4s.... 995s
oregon Navigation lsts..................111
Oregon Short Line 6s..................1 291k
ID 90 consoI os .,:..'.''...'.'........... lisa
Rio Grande Western 1sts,..............101
ST. /. and Iron Mount. consol S.. .l1S14
81 /; and S. F. general 6s............129
st; p, Chi and Pacific lsts..........,l2 1909
Southern Pacifc 4s....................S 2S
Southern Railway 5s.............l14L
Standard Rope and Irvine 6s.......... 10
Texas and Pacific lists ..............114
40 Zn3s ..s:.....'....'' ....'.'-.,.-....., %
Union Pacific ACKNOWLEDGEMENTS.
Wabash lists ........... ................117s4
West Shore As lis
Wisconsin Central 1sts.................. 80
State bonds strong
Railroad bonds strong.
The stock market to-day did not