Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-04

Mexican dollars 4Sc.
u s. Is registered. ........................1o 1909
u. S. IS registered. ...................io IVY s54
U. S. new is registered. ................l 29
U S. new As coupons..... .lz9
u. S. old As registered. ............... uZl4
Y. S; old As coupons. ...:...-....--.1ii5S
Y. 5. 5s registered. .....................i11iIi
u. S. 5s coupons. ....,........-... Lila
Government bonds steady.
State bond inactive.
Railroad bonds irregular.
Stocks-To-day's stock market was
professional almost entirely and was
dull except in one or two spots. Symp-
toms of strength were confined TO j
few of the specialties, notably Tobacco,
which made up large proportion Of the
days total transactions. The move
ment in this stock was attributed to
manipulation directed against the
shorts, whose efforts to cover helped
the advance. Sympathetic strength
was shown by Continental Tobacco.
Tennessee Coal continued its remark
able show of strength and closed at
the highest price at a gain OF 21a
points. Otherwise the iron and steel
stocks were inclined to depression.
Wall street had rumor that there
had been a slump in Brooklyn prices
abroad, but this could not be verified.
There have been recent purchases of
steel abroad, but these were simply the
result of the great scarcity and large
demand in this country. Dispatches re-
porting a threatened plague of grass
hoppers in Western States were used
with effect to depress the srangers
stocks. The trunk lines also were
heavy. The recent buying by London
in this market came to stop owing
to the decision of the London exchange
to close from Friday until Tuesday
over the bank holiday on Monday.
The bears made a successful attack
on Brooklyn Transit, Peoples Gas AID
Rock Island early in the day, thus in
creasing the tendency to reaction. The
market had its periods of strength sus-
tanned by the movement in Tobacco,
firmness in Sugar, strength in Rubber
and General Electric and a few Of the
railroad stocks. but strength was not
maintained and the isolated railroad
stocks such as ST. Louis, Southwestern
and some of the Southwestern stocks
which showed small net gains were SO
nearly inactive as to have little effect
on the general list.
The undertone of the market was
heavy till the close, Notwithstanding
sudden marking up of Brooklyn Trans
it. The retention by the Bank of Eng
land Of its existing rate of discount.
instead Of an abundance, failed to have
a very reassuring effect.
don advanced a fraction above the
bank rate. Sterling exchange in New
York resumed its downward course,
notwithstanding the advance il the
London private rate and the announce
ment of shipment from Australia to
San Francisco of $1,20s,675 in gold.
In Paris rentes tended downward
again. These incidents are accepted
as admonitions that if exchange falls
to the gold import point, London and
the continent will sell securities, rather
than part with gold. The decline in the
local money market was after most Of
the days business was over and with
out significance.
Kansas City, Pittsburg & Gulf con-
tinued in demand to-day and gained
1ls per cent Otherwise the bond mar
ket was dull and rather irregular. To-
tai sales par value S1,705, 900.
United States bonds were unchanged
on bid quotations.