Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-06-06
TRANCE IND TRADE. /

,n- York June 4. Evening Pests
5,a financial cablegram:
l stock markets here were Squiet
nav, The tone was steady, but con-
q ,od india issues were Shade
h Is said that consols have
s~.3 by holders in order to release
XIII for the purchase Of the new
l-- loan recently issued.
...ts-There was no trace left to-
II HE reaCtio>ary tendency mani
~. ~. raa stock market late yesterday.
.bauga might be accounted for in
NV. First, the adoption by the
~ fbe section OF the revenue bill
''.'t.sri1trg an issue OF bonds and
"-.,.v certificates. Second, the pro-
u'-..,ti speculators who sold stocks
-'1.na,. fheir profits early in the week
I'll v.c anxious to get back at lew
Is second eXplenation is more like
,, ha rue 1t was evident before
.,.g.ne of the market to-day that
Mtal hi difficult TO effect any fur
. decline in prices, as London had
I-,arll americans a large fraction
.+arr8. London made much of
.ss-.a Of the Senate in adopting
loading provision, and was also
3a.ue-I by the persistent rumors
, Paris and even from Madrid that
snn was seeking a way to peace.
1lrs hcuehr spanish fours heavily on
~. un9r and effected a sharp ad-
',.a ina the price. 1t is probable that
,.Irfng Of Americans in London
IN nar1 on cabled orders from
WIT Ynk uy purchasers too eager to
- far TIE opening here. No ac
c.n- was taken OF the reported sink
-r cr an American collier in the
-ao-h ct Santiago harbor, as it was
a...atad as q measure for blocking the
l3.Uor.
nh Reek Island dividend on Tuesday
XII the effect Of making this realizing
-~,rculary marked in Rock Island
d13 IFS group OF allied stocks. The
Tfrr awakened outside demand was
eraiGeut 10 absorb these realizing Of
fr.ngs and to broaden the market so
q. 10 bring into activity nearly the
vt.le list There was a manifest dis
pasi.ion 10 divert speculative profits
t,em tile high priced dividend stocks
i,ra the middle and lower grade stocks.
Tha taking III profits developed bear
a,,y which was anxious for lower
nirqs In order to buy stocks again.
Tdsy worked for a reaction until they
succeeded III achieving it on Friday.
I'm. ,bev bought stocks to-day again
vnder the conviction of the general
strength in The outlook. Attention is
attracted by the governments state
mem ol the amount of money in Cir
caH.i0u in the country On June /,
which is stated at 81, 1888, 1913, 256, eX-
elusive of the holdings Of the United
States treasury. This is a circulation
Dar capita of $2473 The increase in
tha circulation in May alone was $33,
1854. Of which $32,533,371 was of
g5,d. For the year the circulating
medium was expanded $3.50, ,361, and
cf Ills t29.349 1856 is of gold. The
u5unrrvs net gold imports Of nearly
SllU6010Q0 in liquidation Of the trade
balance appears in the circulation. But
that this amount Of net imports OF gold
comes anywhere near effecting final
settlement Of the trade balance of the
yeah is not conceivable. The balance
for the fiscal year in cur favor will GER
uily approach near 5000, eco, OO0, COM
pared with tile greatest previous favor
able balance Of less than $300.000000.
Bones have distinctly shown the
ly0aleued pressure of idle money seek
ing employment in enlarged business
and higher prices. U. S. new fours
layt advanced IA, the old tours cou-
pon /, The Two p, the tives registered
g. aud the iyes coupon a in the bid
pI-c-
Total sales Of stocks to-day were
2-o,2Q1 shares.