Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-10-18
Government bonds steady.
State bonds inactive.
Railroad bonds strong.

government DOnaS Steduy.
State bonds inactive
Railroad bonds strong.
Stocks-There was a short-lived
demonstration by the bulls in the stock
market to-day, but before trading was
suspended the early gains were largely
curtailed and in some cases more than
wiped out. The strength was attrib-
uted to various causes. The reappear-
ance this week on the floor of the ex-
change of several operators who took
large part in last springs big bull
market, and who have been away on
long summer vacations, gave some
thing of flip to bullish sentiment
The quiet tone of the money market
yesterday in face Of the operations in
cident to the change OF old Central Pa
cific SECURES for new encouraged some
sentiment for a rise. There were one
or two stocks in the list which were
notably strong from individual causes
which were rumored but not authori-
tatively disclosed, and which helped to
sustain prices. Among these were Pull
man and Great Northern preferred, al
though the latter more than lost the
early gain. The Baltimore & Ohio
stocks were conSpicuously strong, the
common rising an extreme "a and the
preferred 2. LaClede Gas continued its
advance and reached as high as eighty.
The grangers, Louisville and Southern
poaifia rl1ito Up11 faknr oaplU n
the day, apparently by pool interests.
The public was not in evidence at any
time during the day. Call money con-
tinued at 6 per cent or below in spite OF
the fact that many banks report their
cash still below the legal reserve. But
while the money rate did not tighten
number of industrial stocks, espec-
tally those classed as green in Wall
street parlance, showed signs of weak
ness as might happen if they were sub
jected to discrimination by money
lenders in the shifting of loans. The
Glucose stocks were notably affected,
the common dropping nearly 8 points
and closing near the lowest, while the
preferred lost 312. The iron and steel
stocks as group were also weak SIM
ultaneously, steel and wire leading with
q decline of 2%. Others of the group
suffered to the extent of between l and
points. This unsettled the bull move,
ment and wiped out pretty much all
the gains which had been established.
Prices struggled upward again IN the
final dealings to level for the most
part slightly above last night, but the
snap seemed taken out Of the move
ment There was a warning rally in
the rates for foreign exchange during
the day which was not unheeded Sig
mails of distress were in evidence In the
German money markets and sterling
exchange fell sharply at the continental
centers, including Paris. Discount
rates in London responded with an adj
vance and exchange rates here on Paris
rose in sympathy. In addition to this
the fact that money is still going to
the interior in considerable volume,
that government payments through the
sub-treasury are again falling off, prom
Using a renewed drain on the money
market on account of revenue receipts
and that applications for anticipated
payments for government interest con-
tinue on a small scale and the outlook
for easier money is not promising. This
consideration was sufficient TO give
pause to the efforts to advance prices.
The bond market was moderately ac-
tive and prices improved. Totals sales
par value $2,005,000
United States bonds were unchanged
in bid quotations.