Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-05-27
FINANCE AND TRADE.


New York, May 26.-Evening fos'
1ardon financial, cablegram:
ne stock markets here were suou
49, o,,lot to-day. consois and similar
pus .,.a leading the rise on the reduction
sronn 4 TO 31a per cent in the Bank VI
= olI discount rate and on cheap
Lm a5ev Americans opened duli on
Il,a.i5o,t NcKinley's call for addition
,,n1,,nteers. but soon rallied, Deihs
-, Nv New York Central and Centrai
psci6c. The former was ooueat ny
Nrw York operators and the la'Ver ny
Americans.
New York May 26.-Money on call
..radv at 1@112 per cent; last loan
lls per cent - ,nor a1h@41h ner
ctar,ing exchange steady, with actual
,5;.oss in bankers bills at $4 S6A "a
Selb for demand and 81 S4Q4 S4A
for pa SKY rates ufs 81 1904 s71s.
commercial bills 81 S31a.
silver certificates 57A Q5S12c.
Par silver $3.50.
1favipan dollars 45Ac.
@ rov- IS registered. ............'ii alt2
Y = new Is coupons. ........','....- I Iae5
= :; IS registered. .......,....'. '1v9 "a
Is coupons. .-'......'''''''.'' az
= !, DDS ................-.. '..-''''. 49, 20 90,
: = registered. ....'.'....II W.
=, E g coupons. ~,
pscific Is of ACKNOWLEDGEMENTS
Government bonds-Strong.
State bonds-Dull.
railroad bonds-Firm.
cracj.s-The movement of prices of
-,rf;cnlar note in the stock market to-
ga,, was confined to few special
10y as was also a large part of the
sctiyity in the trading. The majority
If me list was somewhat dull and neg
Iecred This was in part due to con-
+radic+ory movement of the few stocks
tba- slowed pronounced activity, but
aIso 10 some scepticism over the re-
mort presence Of the Spanish feet in
The h9rbor of Santiago and its conse-
ouent sealing up. The fact of the mat
fer i that the market has been ex-
pecting for some time a sensational
naval victory and its failure to respond
TO the more prosaic results of success
ful naval strategy is a Disappointment
10 tie bulls and gives some encourage
ment to the bears. There was, how
ever. very positive elements of
strength in the market which served
10 lift prices at one time quite materi-
ally above last nights close. The main
stay of the market was Rock Island
int
The approaching meeting of the direc-
tors 10 act upon the dividend and vari
Gus rumOrs as to the rate CT the divi-
dend and as to measures for the dis
tribution of the surplus were motives
of the buying. Late profit taking in
this sJoc.. had no small part in the
final reaction in the market. Its early
rise was supplemented by buying fol-
London account of the international
stocks ard by commission house buy
ing of tie Changers. The local trad
ers enjoyed their season OF strength as
well Great Northern rose an addi-
tional points to III, new high leve
on the generally accepted belief that g
distribution of new stock and the re.
tirement Of the debenture bonds are
iminent. Illinois steel mounted over Z
points with subsequent reaction.
The reactionary tendency conferred
in Manhattan, which was active and
fererish all day and fell an extreme
"a points with net loss Of nearly a
point. Metropolitan Street Railway
sympathized in this movement, declin-
ing points from the top and Ia net
This weakness, combined with the
profit taking in Rock Island, unsettled
the market, and almost wiped out the
earlier gains in the general list Net
changes are in consequence small
There is a constantly increasing supply
Of money offering, and the small de-
mand for it indicates some hating in
the business activity of the country.
There was no marked activity in the
bond market, but prices were firmly
held. Total sales $2,175, 600.
.. S. old As coupon advanced ":
5s a, and the new As coupon u per
cent in the bid price.
The total sales of stocks to-day were
279 100 shares.