Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-23
Mexican dollars 4Shc.

u. =. new As cCupUiS. t-., ~
Y. s. old As registered. ...-...............i MA
u. S. old As coupons. ....................ll 5.2
u. ). 5s registered.
Y. s. 0s coupons ....--.....-...........-i liza
Government bonds weak.
State bonds inactive.
Railroad bonds firm.
Stocks-The bear secured the upper
hand in the trading to-day and accom-
plished a downward range of prices
which gave the appearance of extreme
weakness to The market at one tim dur
ing the day. But what with the initial
rise in prices and the rally on covering
after the drop, net changes are small
in cases, and there is fair sprinkling
of gains all through the list. The mar
ket opened with an upward movement
and with more show of animation in
the buying than has been the case for
some time past. The foreign stock
markets reflect a much more cheerful
frame of mind over the political out
look In France and there was a cessa-
ton of the selling pressure from that
source which has been the feature on
several days of this week. Tn rail-
roads and the grangers moved upwards
smartly and very conspicuous gains
were shown by a number of the Van
derbilt stocks. New York Central,
Northwestern and St. Paul & Omaha
rising from ~ to points. Pittsburg,
Cincinnati, Chicago & st. Louis also
recovered five points after yesterdays
drop. There was good buying of some
OF the leading specialties, the tobacco
stocks rallying briskly from yester
days extreme weakness and Sugar and
Brooklyn Transit being we'll taken.
With the exception of the drop in
American Spirits and Standard Eistri-
~butiag en- the announced combination
in that trade, there as apparently no
weak spot in the market and it looked
as though the bears had exhausted
their resources and abandoned their
campaign. But very marked weakness
soon developed in Federal Steel and
quickly involved other Flower stocks,
notably Brooklyn Transit and Peoples
Gas, as we'll as Sugar, Metropolitan
Street Railway, Tennessee Coal, Rub
Der, Consolidated Gas, Reading first
preferred and other specialties. Ex-
IRENE declines in Sugar 81, Federal
Steel 31s, Brooklyn Transit and Con-
solidated Gas "a, and Manhattan, Peo-
pies Gas and Metropolitan Street. Rail-
way points or over. The Wander
bits, the Tobacco stocks and many of
the railroads held pretty firm, but the
.grangers yielded a point or over,
though their declines en- the day are
only fractional. There w.s consider
able activity on the decline and more
appearance of liquidation by the tired
holders than has been apparent before
this week. The late selling movement
was based on apprehersiors expressed
BY the bears of very heavy exports of
gold on Saturday, some of the esti-
mates put out for effect ranged as
high as s10,00o,o00, though the only
announcement was OF an engagement
of 100000. As matter of fact. the
rate fer sterling exchange eased off nc.
for sight bills, the rate for money in
London showed an easier tendency,
and the relaxation of the strained
4 political situation in France relieved
apprehension Of decrease in this
Icoun'ry's gold reserve. The Bank of
England has increased its gold reserve
lover 100000 during the week and
contracted its loans over $4,000, 900.
while the Bank of France has added
70 its gold stock over $4,000, 900 and
has contracted its loans s6.14O,0 il,
he same time. Both institutions have
thus strengthened themselves material
~ and thus reduced the pressure on
New York for gold. The market closed
firm at the rally caused by covering of
shorts.
There were one or two yielding spots
In the bond market, but prices were
generally firm on moderate volume
Of business. Total sales par value ST.
s25, 900.
United States new As and old Is
coupon declined Il and the IS register
ed IS in the bid price
The total sales of stocks TODAY
amounted to 3S4,OoS shares. Quota
tions closed bid:
q ..-.-..... II
~ preferred .....-..................,.5 4ss
baltimore ana Onlo-..... 81
Canada Pacific ACKNOWLEDGEMENTS. osu
Central Pacific 5o =
Chesapeake and Ohio .... 9s1x
Chicago and Alton. 15o
chicago, Burlington and Quincy. 1907
chicago and Eastern Illinois. ...... 49,
10 preferred Observation-Disclosures 221a
Chicago Great Western 1sss
chicago and Northwesters l55ss
~ pIeleIreq -........... .....-........1g4
Delaware and Hudson.
DD els Lackawannaand Western. .l6S
~ ~ = :. !. :. ~
10 70 grst preferred ................. cala
sAs WAYNE .''''...s.................. .1SS
.44