Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-11

for sixty days; posted rates $4.S512W
1861 and $4.SSk; commercial bills
$4.83k @4.S4.
Silver certificates GOOGLE.
Bar silver 60asc.
Mexican dollars 47ac.
Government bonds irregular.
u. S. Is registered
u. s. 3s registered tM1s
Y. S. IS coupons. i99,l
u. s. new As registered ..............!5VA
u. S. new As coupons.... ........-...I59
U. s. old is registered 49,. .......-".'.iia,
u. S. old As coupons. .iIa12
u. s. IS .-tio12
u. S. IS
State bonds inactive.
Railroad bonds firm.
Stocks-The continued tightness In
the money market precipitated liquida-
tion of speculative accounts to-day
which resulted in losses in value rang
ing from one dollar to three dollars 3
share in all the principal speculative
stocks traded in. Heavy selling fol
London account marked the opening on
the exchange, and as the day progressed
the successive calling of loans resulted
in the marking up of the rate for call
loans to Z per cent. This rate forced
many spectators on the long side TO
close out There were special points OF
weakness besides in one or two prom
inent stocks, of which the bears were
quick to take advantage, and which
were a potent influence in the general
sentiment favoring a decline. Most
conspicuous of those was Peoples gas,
which opened at lit, against 1904
from the last sales Saturday. There
were heavy offerings of this stock, but
determined support worked a quick
rally of IL. Afterwards it fell below
the opening price and closed with a net
loss of nearly 3 points. The motive OF
the selling vas the reported plan OF q
rival company to organize a competing
service upon the expiration Of the pres
ent agreement. The demands made
upon the Metropolitan Street Railway
Company on behalf of its employees n
the danger of a costly strike caused
the stock of that company = drop 5as
at one time. The dealingss1 it were
not heavy and the one was very fever
ish throughout, the last sale showing
a net loss Of 21a. All of the local trac-
lions were affected similarly, Manhat-
tan losing 3 points and Brooklyn Tran
sit over 2 or the day.
OuSdI dlSO was hOldDly WCoh, ~
selling being credited to realizing by
speculative holders. The combined
weakness of these influential stocks
was sufficient to cause a demOralized
feeling throughout the group of in
duStrial specialtiess. In the railroad
list the weakness was more restricted
to the stocks that have been recently
pushed up by speculative manipulation.
Pennsylvania, New York Central,
Atchison preferred, Burlington, Reading
first preferred and othef stocks equally
prominent in the speculative world at
one time 2 points or more below Satur-
days prices. The grangers generally,
the coalers and the trunk lines declin-
ed from l to 2 points. The southern
and southwestern stocks as a rule
showed resistance to the decline, and
their net losses are for the most part
small fractions.
The steel stocks were little affected
by the prevailing weakness. The
break in prices were due to the miscal-
~culation of spectators as to the period
of relief expected in the money market.
The delay in this matter seems to be
due to the uneasiness caused in foreign
CCDClCS NY lAC COAltlillttu JSllSIOH OfCt
the situation in the Transvaal. Paris
is very heavily involved in a Kaffir
speculation and the feeling there Is
very nervous over the possible effects
of an outbreak of hostilities in South
America. France was an eager bidder
for gold in the London market to-day
and the rate Of discount in London
was marked up a fraction, although
call money was easier there. The call
loan rate went to Z per cent. in New
York, but the only effect on the ster-
ling exchange market was a fall of a
fraction in the rate for long standing.
The pressure on London was from
Paris, and was reflected here in sales
estimated as high as $4,000 shares.
The shrinkage in values, coming on the
low level of New York bank reserve,
necessitated the recall Of loans which
In many cases it was found difficult to
replace with other accommodations.
The market showed very feeble rally
Ing power and closed very slightly
above the lowest.
In the early dealings there was large
demand for st. Louis Southern, which
gained So, all of which was subse-
quently lost.
Bonds generally were weak. Total
sales par value $2,757. 600.
United States IS registered advanced
IS and the old As registered declined Is
In the bid price.
The total sales Of stocks to-day
amounted to 544,692 shares. Quota
tions closed bid:
Atchison 1885
do preferred 6J4
Baltimore and Ohio ................... IS
Canada Paicfc ...... IS
Canada Southern 53
Central Pacific Sill,
Chesapeake and Ohio .................... 2i5s
Chicago and Alton
Chicago, Burlington and QUINCY 34$4
Chicago and Eastern Illinois ........ IS
Do. preferred -. l221s
Chicago and Great Western ........... IA
Chicago and Northwestern ...........159
Do preferrad Ie