Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-04-08
Mexican dollars 47Rc.

Z. S. new Is registered. ......... .129A q 1s94
U. S. new As coupons ....,..'... !zSS4 9 l leS14
t. S. Is registered. ............-,.l IZ12g4 .
U. S. As coupons ..........''..... Idd9914uIf
Z. S. as IDS. ........-. .............-. 95f2
U. S. IS registered. .....-.-....n OLA
u. S. IS coupons. ..................15 4I4
Government bonds strong.
State bonds inactive.
Railroad bonds weak.
Stocks-To-day's sensational stock
market was remarkable for great de-
clines that took place in practically all
the specialties. Losses of Importance
remained at the end of the day although
the closing was strong. The potential
influence behind to-day's plunge in
prices was the money market. where
discrimination wa sexercised against
the industrial securities. The inability
of ONE large firms to renew loans on
those shares as collateral made it nee
essary to sacrifice stocks at the best
prices obtainable. Call rates for mon
eys ranged from to Is per cent, but
left off at the lowest figure. Forced
sales by many commission houses lent
renewed courage to the bears who con-
stantly found new spots Of weakness.
A number of mony lenders on the floor
of the exchange refused to pay any
attention to the bids made by some
brokers who were known to be trading
heavily in the industrials. The calling
In of some loans also helped to arouse
alarm and induced general selling. The
weakness of many standard stocks and
bonds was due to no other cause ascer-
tainable except the selling of them by
weak holders to protect securities OF
less certain value or to secure funds
to buy the shares which had been most
depressed in hope of profit on the re-
bound. London which of late has been
an unimportant factor in the dealings,
bought upwards of 10000 shares on the
decline here While the so-called bull
leaders appeared apathetic on the down.
ward rush of quotations heavy scale
buying appeared, carrying with it the
conviction that the buyers did not be-
lieve the violence of the bear move
ment could last. This support grad
ually checked the fierce onslaught on
prices and recoveries ensued.
Much thought was given to the prob
able aspect of to-morrow's bank STATE
ment. The rally was found in the CT
fering Of several million dollars in the
loan crowd by an interest lately very
prominent among the bull leaders.
When prices were not far from the
lowest a number of commission houses
freely advised purchases where the
buyer could take the securities out
right or on very substantial margins.
Buying Of this character had much to
co with checking the rush to sell.
Many interests which had been out of
the street for long time thought the
time opportune to repurchase, as it
appeared to be one of the bargain days
which have developed at various times
of recent years. This buying gave a
considerable momentum to the after
noon rally, which embraced everything
on the list and resulted in reducing the
net losses to very small proportion in
some cases and in establishing slight
advances in other. An idea Of the wide
movement which occurred is given by
the fact that although Brooklyn Tran
cit broke 1874, the net loss on the day
was only 5A Manhattan yielded but
regained Ga. Sugar sagged 1874, but
only showed 21a net loss at the close.
Air Brake dropped 10, but rallied 1312.
American Tobacco eased off 10 points,
but figured for only points net on the
day. National Steel dropped 1874, but
got back 94 of it.
Peoples Gas sagged 12A, but rallied
strongly and closed with 3% net loss.
Railway and miscellaneous bond
prices also showed yielding tendency
to-day with transactions of 100000.
United States new As advanced q and
the old As coupon a in the bid price,
while the IS reacted Il.
The total sales of stocks to-day were
1,a94,4OO shares. Quotations closed
bid:
Atchison -. 207s
Do preferred ........... ............... 6iSs
Baltimore and Ohio Observation-Disclosures. 20
Canada Pacific ACKNOWLEDGEMENTS 55s
Central Pacific ...........................5 l7s
Chesapeake and Ohio ................... 25S4
Cheago and Alton ~ o;;nc, l 1884,,
Chicago and Eastern lllinois........... l2ie
nrefprred IL
Chicago Great Western. ............... l9Ss
Chicago and Northweste .157l2
Do preferred ...........................l&
Delaware and Hudson ..........-.......Ilb
Delaware, Lackawanna and Western 10
Erie new NEUTRALITY-SUSPICIOUS.: -. 1888
Do first preferred ....................$ i1s
Fort WAYNE .......... @. .................lA
Great Mort bern nreferrel lSelh