Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-16

helped by some speculative demand Tor
London account, the latter factor be-
ing especially notable in Southern rail-
way preferred. But the opening prices
in the railroads or those made during
the first hour proved to be the highest
in very many cases. Railroad stocks
generally show net losses on the dag,
although an effort was made to sup
port them at the last, lifting some cf
them from the lowest New York Cen
trail had receded to 1914 in the last
hour and was made to sell on the next
and last sale at 152h, the closing bid
dropping back again to 151A With
15lA asked. By far the most con-
spicuous movement of the day, owing
to the enormous volume of the deal
ings, was in Amalgamated Copper.
The stock fell back at intervals on
profit taking after its wide opening at
1T to 120 compared with 116 at Sat
urday's close. In the final dealings it
was rushed up through a flood of Offer
ings to 124A, closing at the top notch.
There were notable upward movements
in all the gas stocks. led by Console
dated Gas and Brooklyn Union Gas
with advances o 61a and 10 .espee-
lively.
DnNy1osr Gas ,ncn OF M tJy-a q ln2TIV
5 points. There were gains of AZ in
Metropolitan Street Railway, "a IN
Sugar, Tvs in Chicago Terminal, 5 in
the preferred, 1925 in Colorado Fuel
and 4 in Tennessee Coal. Other gains
of l to 6 points are accounted for by
such stocks as International Pump,
Texas G Pacific Land Trust, National
Lead, American Linseed Oil stocks, Ma
tional Salt preferred, American Snuff
preferred, Glucose and New York Air
Brake. The only really notable ad-
vance in the railroad list was in the
high priced coalers. Cleveland c. c..
& st. Louis, which rose AS and Mexi-
cen National which was lifted 21s on
large buying. Burlington was at II
time carried rs under Saturday and
Rock Island 2 points. Call money did
not rise above 6 per cent. to-day and
eased off during the day. Speculative
sentiment, however, is not free from
misgivings over the future of the
money market. 1t is to be borne in
mind that the lending in New York
for account of western banks, which
has been a feature for several days
past, is effected by drawing upon the
New York deposits of those banks.
The result is to give the benfit of the
higher interest rate to the western
banks rather than to the New York
banks, but it is simply by a transfer
of account which does not afford relief
to the money market. Iha high money
rate here, however, has checked the in
terror demand for cash and the rise in
the New York exchange rate at Chi
cago to par suggests the imminence of
a return flow of currency to New York.
The unsettlement of the London money
market pending the budget statement
in parliament which is fixed for April
Is, and which is awaited for light on
the amounts and terms of the new issue
of consols. is an influence upon money
lenders in New York and in fact all
other money centres. Estimates of the
amount of the loan vary from $3.50, 000,-
900 to $500, 900, 900. But in any event
the likelihood is presented of periodical
monthly calls upon the London money
market for the next twelve months for
from &c. 600, 900 to $12, SOC, 900.
The bond market was strong, Mexi-
can Central incomes being in notable
demand and a large business transacted
in Union Pacific con sertible As. Total
sales par value, $1,000, 900.
U. S. old AS registered advanced "A
and do. coupon declined "a per cent. on
tho Joct ,on