Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-06-20

RAuEOADs-Wea6
Stocks-The action taken by the New
York CITY banks this afternoon IN deciding
10 furnish gold for export as II may be
needed, without recourse TO tue United
States Treasury, will undoubtedly nave
beneficial effect upon the Stock Exchange
market. IL will, however, be large
lv sentimental influence, for
the fact is that the gold
export business has about reached an
END and any further drain upon the Treas
urv, had the banks continued boarding
specie, wOnld necessarily have been light
liz is probable that tO-day's action was
based uuOn the conclusion that the banks
would not be called upon for gold 10 any
large amount. But perhaps the most
potent reason for this reversal or policy 0y
the city banks was a fear that the country
az large would look with distavOr upon tue
spectacle Of heapiug up an unnecessarily
large gold reserve in the Metropolitan
banks. while the United States
Treasury surplus was being de-
pleted and had reached an I'M
usually low point But whatever the
motive, the decision of the banks 10 supply
gold needed for the immediate future Will
undoubtedly have the effect Of inspiring
confidence in speculative values and is
likely to be reflected in an increase OF &C
tivity on the Stock Exchange. In the early
dealings better tone prevailed,
Sugar selling up IS, Chicago Gas ., and
some other shares a smaller fraction. The
improvement was not, however, lasting
and undey a slight pressure 10 sell prices
took a downward turn, Northern Pacific
preferred declining ~. An attack was
made on Union Pacific Oy the bear traders
and il was run down 23s per before the close.
Very little was done in the general
list between IL and l2:3O, and values
changed but slightly during that period,
but as the afternoon advanced the Specula-
ton became depressed, Disulliug receding
Is, Erie IA, Pullman l and the rest Of the
list a fraction. A slight rally followed ou
the covering Of short contracts and the
market closed steady. Sales, ll5,5OI
shares. Quotations closed bid:
Atchison, g., Adams Express, $50; Amer
lean Express l09; Baltimore and Ohio IA;
Canada Pacific. 6Sls Central Pacific, 1914
ChesapeakeS Ohio, III. Chicago and AltCa
1879; Chicago, Burlington and Quincy, as
Chicago Gas, I9ls Delaware and Hudson,
1870; Delaware, Lackawanns and West
ern, 1901 Denver and RIO Grande preferred
%; Disullers and Cattle Feeders Co,
PAS; Erie l2St; 90. preferred, -; Fort
Wayne, l5Oii ;lllinois Central, 9O]s General
Electric, 36lt Lake Shore 1872. Michigan
Central, g5l4 Missouri Pacific, 2'$i; Ma
tien8l Cordsge, 22A do. preferred, 1895;
Norfolk and Western preferred, 2Os;
Northern Pacific, 31s do. preferred, l2is;
Northwestern, 100; DO. preferred, Ia;
New York Central, g1,s New York and
New England, "a; Pacific Mail, l4l5;
Peoria, Decatur aud Evansville, 81 Pitts
burg, 800; Pullman Palace, l6S; Reading,
1858 Rock Island, 6S2i ST. Louis and san
Francisco first preferred; SLPaul, Coz,
do preferred, llY; Tennessee Coal ana
Iron, 49,. Texas Pacific, So. Union Pa
cine, lOs; United States Express, 80;
Western Union, SOS Wheeling AND Lake
Erie, los. 90. preferred, 49,.
Mining StocKs-Bsnd B., -; Cholor, 20;
Crown Point, ~; Consolidated California
and Virginia, 900; DeadwoOd, 30; Gould
and Curry. 80; Hale and Norcross, -;
HomeStake, 1850; independence, - Mex
lean. 50; North Star -; Ontario, 80;
Ophir, 1870; Plymouth, 10; Sierra Nevada,
90; Standard, l65; Union Con-. 40; Vel
low jacket, 20, Iron Silver, 10; Quick
Silver, 200 10 preferred. 400; Bulwer, %.