Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-01


u. S. new As registered. ...............!a9
u. S. new is coupons. 10y
u. s. old As registered. ..................ii5i "A
Y. 5. old Is coupons.
u. S. IS registered. ..................In LIPS
L. 5. 5S coupons. .'..........'.'.l1 70
State bonds inactive.
Railroad bonds irregular.
Stocks-There were number OF de-
pressing influences brought to bear on
Me stock market to-day and prices
opened lower, but later there was a
rally and the close was strong. Most
conspicuous Of the depressing influ-
ences was the reported outbreak Of
yellow fever at the Hampton, Va, SOL
diers' home. The group of railroads
liable to suffer from yellow fever cpl
demic and the resulting guarantees
have been favorites in the recent spec
ulation, especially On the part of Lon
don. A setback to those therefore was
calculated TO have far-reaching infiu-
ence in the general list. L. & n. did
in fact open down IL and the Norfolk
and Western stocks, Southern Rail
way and c. e @. were also depressed
and ruled below Saturdays level all
day, only fully recovering in the late
dealings. The exhibit Of the associated
banks in the Saturdays statement also
had some unfavorable influence in the
early dealings. A decrease Of nearly
10000 tons in the east bound ship
ments of freight from Chicago as COM
pared with last weeks movement had a
rather hating effect on railroads.
The effects Of these combined influ-
ences was to turn the tide Of specula-
ton at first from the railroads into the
industrials. The stocks Of iron and
steel companies were quite largely
bought, but the earliest strength was
confined to few of them, Federal
Steel, Tennessee Coal, Steel and Wire
and American Smelling being the eX-
ceptions to the early strength. Later
the entire group was affected, gains
ranging from to So, the latter pressed
steel car. American Tin Plate, Amer
lean Hoop, American Wire and Foun-
dry and American Smelling all shared
in the movement. The Tobacco stocks
were strong and Peoples Gas moved
upward on the declaration of the quar-
terly dividend. There was early de-
preston in Sugar on a report of addi-
tional competition in prospect and
when this stock rallied strongly 25s
from the low point the last evidence Of
weakness was dissipated The strength
and activity of railroad stocks and
much augmented in the late dealings,
very heavy blocks being absorbed.
There was continued buying of South
ern Pacific and Central Pacific, which
gained about points each. Northern
Pacific, Union Pacific, Atchison pre-
ferred and st. Louis and San Fran
cisco first preferred rose from 1 to 8
points. The coalers were quite strong
throughout and Lackawanna was con-
spicuous for an upward movement of
612 points. Pittsburg, c., c. & st. L.
rose 3 points. Sterling exchange was
notably weak, actual rates dropping
Ac and the posted rates 1ac. There
was an abundance Of commercial bills
in the market for future deliverance
against exports and the bankers sold
short bills against these. This and the
continued bidding for commercial pa
per on behalf of outside capital tended
to relieve anxiety on the money ques-
ton.
There was considerable selling of the
bonds of Southwestern railways, which
lost something in prices. Otherwise
bond prices were unchanged or higher
Total sales par value S2,374,000.
U. S. Is and IS coupon advanced 4
in the bid price.
Quotations closed bid:
<alcHisoli ZutS
10 preferred b3rs
Baltimore and hio......................4 1919
Canadian Pacific ACKNOWLEDGEMENTS. IS
r.