Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-14
Mexican dollars 4S1hc.
Government bonds weak.
State bonds inactive.


Railroad bonds strong.
Stocks-There was marked dispo-
sition from an early period in the days
trading to take profits in many Of the
stocks which have scored an advance
recently. This was evident practically
in all of the standard stocks and made
itself increasingly obvious in the in
dustrial specialties. The decided
strength manifested by "a small group
OF the industrials served to sustain the
market for a time and acted as a sort
of cover to the profit taking sales which
We're fed to the market. The recent
strength of Federal Steel showed no
abatement during the early hours of the
day, and other members Of the Flower
group, notably Brooklyn Transit and
Peoples Gas, were strong in sympa-
thy; an advance in Metropolitan, Man
haitian and Sugar helped to keep up
prices. The leadership of these stocks
gave place in the course of the morn
ing to National Steel, American Hoop,
American Smelling and Tin Plate, the
first named rising some five points.
The awakening of activity in this group
which was more prominent in the trad
ing than at any time since they have
been dealt in on the local exchange,
seemed to invite realizing elsewhere in
the list, and an early break in CONSOLE
dated Gas, followed by a pronounced
weakness in Sugar, emphasized this
tendency. There was a later rally in
Consolidated Gas and Pressed Steel Car
was suddenly marked up to So, an adj
vance of over four points. But no eff
feet was apparent in the general list,
which closed active and weak at the
lowest point generally of the day. Net
losses in the standard railroads are for
the most part between l and points
Sugar, which was traded in ex-divi-
dend Of per cent, lost nearly points
on the day.
There is an element among profess
sional operators which habitually buy
Sugar to realize the dividend and get
rid of the holdings between dividend
periods. The selling from this source
was an influential elSment in the
weakness of that stock, and by sym
pathy of the whole market Manhat-
tan suffered from realizing on the
declaration of the regular dividend and
on continued effect of the adverse jul
dicial decision on tax claims against
the company. The strength of the
steel stocks which came to the front to-
day was coincident with the lively de-
mand for National Steel in Chicago.
Pittsburg, c., C. & st. l.. continued
strong, but this was practically the
only exception to the weakness in the
railroad list. 1t is probable that the
prospects of poor bank statement on
the coming Saturday, when large part
of the Withdrawals of the gold abroad
made for export will figure, had it's
influence in prompting to-day's liquida-
ton. No effect was apparent. how
ever, in the money market, which con-
tinues easy, and there was no upward
tendency in sterling exchange, while
there was a sharp fall in the money
ard discount rates in London. The
pressure of liquidation was not heavy
at any time, but prices went down
easily and there was no evidence of or
ganized support. The bears helped the
late break with rumors of reverses in
the Philippines.
There was a large demand and soS,e
strength for Reading 4s, Colorado &
Southern As and the Wisconsin Cen
trail issues, both old and new. Total
sales par value $3,360,000.
Z. S. Is declined Il and IS and new
As and 5s "a in the bid price.
The total sales CT stocks to-day we're
5S0,4S7 shares. Quotations closed hid.