Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-04
Mexican dollars 47Ac.
Government bonds strong.
State bonds inactive.
Railroad bonds easier.


State bonds inactive
Railroad bonds easier.
Stocks-The opening dealings in the
stock market were very animated and
the course of prices was upward. Con-
tinued activity by the various pools
was apparent in the stocks which have
advanced early within the last few days
Heavy realizing was in evidence at a
very early period of the trading and
the snap was soon taken out of the up
ward movement. The volume Of the
selling was much reduced below the
best prices but the demand also fell
off and support seemed to be withdrawn
from the manipulated specialties. The
course of prices was generally down
ward for the rest of the day. One or
two efforts were made to check the de-
cline but without great effect. The
bears made no great demonstration I'M
til the final hour, when prices touched
the low point of the day. Covering
by the shorts rallied prices but they
were not well held, and the closing
was rather irregular and very dull
The general level of prices is lower on
the day but there are few exceptions.
United States Leather continued a con-
spicuous figure in the speculation and
was rushed up an extreme 5A points
to 39% and closed q below that. The
preferred stock parted company with
its junior after rise of nearly a point
and was decidedly weak for the rest
of the day, declining an extreme 3ss
with a final rally of Is. Dealings in
Southern Pacific continued on very
large scale, but the stock at no time
rose more than q above last nights
level. Sugar dropped a point, rallied
two, and fell again below last nights
level. Standard Rope opened up q
and then turned downward an extreme
"a. Brooklyn Transit also developed
weakness early in the day and went
below SO at one time In the first five
minutes of trading over 1000 shares of
Chesapeake & Ohio came on the mar
ket with only slight impression on the
price. These examples indicate the
prevalent disposition to take profits for
the long account. The majority of rail-
road stocks was singularly neglected
with the exception of some early de-
mand for southwesterns which gave
way in the late weakness. During the
first two hours of trading there were
but two transactions recorded in ST.
Paul. There was some selling for Lon
don account, but it was well absorbed
during the early period of strength in
the market. The reactionary tendency
was due to the growing apprehension
of an unfavorable bank statement to-
morrow. Money was not stringent but
was firm at 10 per cent. The banks
have lost on sub-treasury operations
some $2,6S1,000 after allowing for re-
ceipts Of 100000 in gold and govern
ment interest payments, and including
100000 deposited at the sub-treasury
for transfer to the interior, Accord
ing to statements compiled by the lead
ing banks they have made net ship
ments to the interior by express of
nearly $2,000,000. This would indicate
net loss to the banks in cash of over
81, $780, 900. The clearing house institu-
tons have called loans on a large scale
during the week, so that this loss in
cash is offset in part at least. Last
Saturdays statement was believed to
have made a more favorable showing
than was warranted by the actual con-
dition of the banks and the vagaries
Of the average system may throw some
of the unfavorable factors over into
this weeks statement
Bonds, after some early show of
strength, yielded in sympathy with
stocks. Total sales par value $780,
COO
United States Is advanced Il, the IS
II and the new As * in the bid price.
Atchison ..,.-..... Observation-Disclosures. 22ss
Do preferred ........6 2ss
Baltimore and Ohio. Observation-Disclosures 2%