Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-09
Government bonds firm.
State bonds inactive.
Railroad bonds strong.

Stocks-The market took on the ap-
pearance of vitality and strength which
are associated with bull market at
one period during the day, but the in
evitable professional realizing seemed
to take the snap out of the market and
when the bears perceived that the buy
ing was not renewed with any eager
ness even after the realizing offerings
had ceased they attacked the market
in the last half hour and worked some
very material recessionS in prices.
Sugar, Metropolitan and Brooklyn
Transit closed more than two points
below the high level though retaining
still good net advances in price. A
number of The sDecialties and promi-
inent railroads also had point or
over taken from top prices. The open
ing of the market was surprisingly
Tranquil considering the amount of bus
mess that was being done. A long list
of important stocks opened at I'M
changed prices and. no stock in the
list showed change of as much as
point in the early transactions. 1t was
evident that there was a large bear
party in Sugar still unconvinced by
yesterdays dividend declarations and
they undertook to force down the price
of that very uncertain security. By
the time it had fallen two points, how
ever the decline that resistance of a
kind that was not in the power of the
bears to overcome. Their experience
during the remainder of the day was
not an agreeable one and the heavy
blocks absorbed at the high level was
convincing evidence of their distress.
The advance in price of refined sugars
which was acQuiesced in by all interests
in the trade seemed to bring home to
the bears that the competition could
not be of a very destructive character
and that the opposing interests might
be fairly regarded as installed in the
position of insiders regarding stock
market manoeuvres. The very buoyant
tone of Brooklyn Transit, Metropoli-
tan Street Railway and Manhattan adj
ded to the discomforture of the bears.
Later in the day the Tobacco stocks
took up the advance: Yesterdays div
idend declaration on Atchison pre-
ferred had a very stimulating effect
on that stock as well as those of all
grain carrying roads. The western and
southwestern stocks nearly all rose
over point and pretty much the whole
railroad list responded in sympathy,
the only laggard being few southern
roads which were affected by selling
for London account. The announce
ment of further shipment of 100000
gold on Saturday, making a total of
$3,500,000 on the movement, was with
out influence in the market. This out
ward movement of gold is now gener-
ally understood to be due to special
inducement offered by the Bank of
England to secure replenishment OF
its reserve. There are intimations of
similar pressure from Russie and other
continental points, though no author
itative information can be secured on
the subject. The iron and steel stocks
were conspicuously heavy all day with
one or two exceptions, though they did
not suffer materially in the later de-
cline. Large gains were shown by
number of railroad stocks seldom trad
ed in, including Iowa Central preferred,
Minneapolis, st. Paul and Sault Ste
Marie common and preferred, Hooking
Valley, Evansville and Terre Haute and
Des Moines and Fort Dodge preferred.
The tone at the close was decidedly
weak
The market for bonds showed i'm
proved strength and an increased vol
ume of dealings as the day progressed.
Total sales par value $2,S20,0O0.
u. S. rs advanced " in the bid price
The total sales of stocks to-day
amounted to 725.S6S shares. Quota
tions closed bid: