Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-06-27


Americans were fairly good. A Dutch
per cent lean Of about e4,50OOOO is
10 be issued here and in Amsterdam
next week at about 81. There was a
further rise in Spanish As today. due
to the same cause as the rise of yester-
day.
Z. $. new IS registered. ,...... 124la@125
Y :. new Is oupons............1 24129l25ls
L. ) Is registered. ..............l10 6T1l1
II. 5 Ids. .............,...... 95
y 3 p Fe alS d..-.-........ll l1@@1121A
Pacific 6s OF '95...........lO lI5
STOCKS-The regrettable loss of
s0me American soldiers in Cuba had
d sentimentally depressing influence at
the opening of the stock market TODAY.
Prices continued sluggish, but without
real weakness during the first hour.
The question Of differentals to the
Canadian Pacific was said to still block
d settlement of the rate war, and this
contributed to the heaviest in Northern
Pacific. The specialties on manipula-
ton improved substantially. Various
iDdustrials, including spirits and TO-
bacc0, received effective support. thus
checking the earlier easiness in the
general railway list, and ranging trad
ELS on the long side The grangers.
However, failed to quite reach last
nights closing. The general list closed
firm, in anticipation of successful Gull
minati0n soon of the land and sea ope-
OH
bank statement reflected a more salts
factory situation, surplus reserves in
creasirg about $30C0,C00, bringing the
amount held by the banks above legal
requirements up to $62 ,206, 250.
The action of the administration in
recommending the issue OF bonds OF
$500 and under has been strongly COM
mended by prominent financiers, who
argue that the wide distribution
which the loan will receive among
small investors will preclude any
marked disturbance in the money mar
kel he expected withdrawal of this
immense sum from the loanable funds
presents very different aspects to the
rank and file in Wall street. Large
financial interests, while apparently
confident that no embarrassment will
ensue to borrowers, are nevertheless
loath to operate with freedom until this
and other potent fac0Ors overshadowing
the securities market are dissipated.
Expenditures on account Of the war
are $4,000, 600 a day, and naturally have
given a decided stimulus to certain
channels Of trade, although commercial
conditions IN some ether directions are
not altogether satisfactory. The slim
illus given 10 pending financial ven
lures by the satisfactory response to
The governments call for bids on the
new bond issue has been responsible
for the launching Of further private
enterprises, which had been held in
allegiance, pending the reception of the
governments call. General business in
itself has found encouragement owing
to the less timOrOus attitude of capital;
and although operations IN commercial
lines are not attended with a striking
manifestation Of confidence, still the
recent hesitancy has given place to
more vigorous policy Of expansion The
aspect Of The wheat market continues
somewhat disturbing feature, as the
cc.tinusd drop in the value of cereals
VIII tend to deter the farmer from
parting with his holdings, and thereby
reduce the tonnage of the railways ira
versing the wheat belt The collapse
of the Letter operations. involving as
it did the liquidation CT enormous hold
ings Of cereals and railway securities,
has given a disquieting tone to the
trading in speculative markets, which
may survive for some time.
Uncertainties regarding che new rev
in rir R,oa Il
TERED the outside public from entering
the market, and encouraged the bears
to extend their lines. The concensus
of opinion, however, seemed 10 be that
the law would ultimately adjust itself
satisfactorily, although temporary en-
barrassments might be expected. The
expected successes Of our army of in
yasion, coupled with the continued ease
in monetary conditions, the growing
foreign trade balance in our favor, and
the expected heavy investment demand
for securities owing to the July divi-
dend and interest payments rendered
the vigorous efforts by the bears 10
create liquidation futile.
The bord market gave striking evil
dence of the plethora of money seek
ing investment. Prices of the gilt
edged issues improved substantially,
and heavy purchases occurred of the
reorganization issues which promise
fair return on capital invested.
In government bonds gains occurred
of 10 in the Old As registered, and u
each in the new Is Others were I'M
changed.
Total sales of stocks today were
131 400 shares. Quotations closed, bld:
DO preferred ;ai,::.. .'-....'.'.'.'.''' Is7S
Canada Paeinc ..-..... '.'.''''''.''''' 9 9iiSs
Central Pacific .,...... ..........'...'. d312
Chesapeake and Ohio ....-...........--z =
Chicago. Burlington and Quincy. l03ss
Delaware and Hudson .................lg9
Delaware, Lackawanna aud Western. l99
Fort Wayne ........ .....--.-.........- ~.
Illinois Central ......-.... ..''....-''.' AgiF4
lake Erie and Western ............... p
Do preferred ......... NEUTRALITY-SUSPICIOUS.. Ia
Lake Shore ......... ....-................l9 5
Louisville and Nashville .............. 9234
Manhattan l. .......... .:.....,..........!O
Michigan Central 1850. ..........'..'.4 ~
Missouri Pacific 1900. ..........-...... S2s4
New Jersey Central ACKNOWLEDGEMENTS. 70
New York Central ...........-..........ll bl4
Northern Pacific ........ ...........-... VA
DO preferred ......-. ..--.....'.-...'. I0is
IittSburg .-.-...-.. .'.-..'......i. a.
Reading 80. ......--,..... ....'.-....-'.. dIaat
Rock Island ......--...... .-.....-..--.. 4oSS4
St Paul 800. ACKNOWLEDGEMENTS. wa
- DO preferred ...-.... ACKNOWLEDGEMENT IN
Southern Pacific ........ ...-.-..-....... !at2
FTNNae md Pacific lA2