Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-13
Government bonds irregular.

State bonds inactive.
Railroad bonds firm.
Stocks-The stock market showed
Continued strength to-day and buying
by professional operators was on a
large scale There was a good de-
mand from outsiders through commits
sion houses at the opening, encouraged
by the rise in prices yesterday, and
yesterdays professional buyers were
free sellers to realize while this
lasted The market then came to the
customary halt after such process
for taking up an advance. An eager
demand developed for lissouri Pacific
and affected nearly all the Gould
Southwestern group in sympathy Not
only the stocks but all the securities
of this group of railroads were affected.
Missouri Pacific held the leadership of
the market throughout the day and
made late advance to 4S15, an ex-
IRENE rise of two points. The motive
for this buying was the Wall street
rumor of plans for merging the vari-
Gus railroad properties in the South
west in which the Goulds were inter
ested. Good buying set in early for
the grangeTs, Pacitics and Atchison
preferred, and after midday Ney York
Central as suddenly pushed up an ex-
IRENE 23s. Large buying in Pennsyl-
vania at an advance of ~ seemed to
be associated with the New York Cen
trail movement, but an attempt was
made to connect the latter with Union
Pacific and Northwestern by manipu-
lating the price of those two stocks.
All of Northwestern gain was subse-
quently lost. The manner in which
the buying demand progressed through
the railroad list, together with the up
ward tendency in Sugar, prompted the
professionals to attempt a movement
in the industrial stocks, Leather pre-
ferred, National Steel, Tin Plate, Fed
eral Steel and General Electric were
bid up between l and points, and
New York Air Brake made charac-
teristic upward dash of 10 points.
Mexican Central rose quite conspicu-
ously 21a per cent under the sentiment
tai influence of the opening in New
York of subscriptions for the new
Mexican refunding loan. Sugar, Man
haitian and brooklyn Transit dropped
sharply from top figures and many
of the gains in the industrials were
practically wiped out. Prices of the
railroads sagged considerably from
the top and the closing of the market
was decidedly heavy, net gains being
company stock, after selling at 80, sud-
Gerly dropped to 80 in the late mar
ket. The money market was easier
to-day and confidence is felt that the
supply will become still laore abund-
ant at an early date. Several large
loans for the purpose of new industrial
fotations are now released and the
banks are gaining money from the
sub-treasury. The bun traders are
talking of very favorable bank state
ment on next Saturday, although the
per cent. rate for call loans which
held for the greater part of to-day,
does not indicate a plethoric condition
as yet. The New York stock market
received some support to-day from
London, in spite of the continued
heaviness there in other departments,
but a sharp recovery in British consols
and French renteS late in the day, the
fall in the price of gold in London and
the advance of sterling exchange rates
in Paris and Berlin to-day indicate a
relaxation of the money market press
IRE in London.
There was a good business in bonds
to-day, st. Louis Southwestern seconds
leading the market. Total sales par
value 1896, 900.
United States Is declined u and the
IS registered Is, while the old As reg
istered advanced u in the bid price.
The total sales of stocks to-day were
643,292 shares. Quotations closed
bid:
& Aieenlson .....;... 1850. ................ 20
~ pIsleirsa 90