Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-06

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Y. S. old AZ coupon slizsA
u. s. IS registered 1l55s
u. s. IS coupon .lizss
Government bonds firm
State bonds steady.
Railroad bonds strong.
Stocks-The market for stocks con-
tinued notably strong to-day and much
nor active than the upward movement
of last week. The activity was very
widely distributed, extending pretty
generally throughout the list and dur
ing the course Of the day extending
even to some of the eats and dogs ON
the list The general strength of the
market was maintained in face Of a
realizing movement in the stocks that
were most conspicuous in last weeks
rise, notably Pennsylvania. New York
Central and the Vanderbilt group gen.
orally including Northwestern, Omaha
and the Union Pacific stocks. There
was no very heavy pressure of liquida-
ton in these stocks, but there was no
effort TO hold up their prices and a
number of them show losses of a point
or over. There was a realizing move
ment Ill the grangers also, but the Wig
orous strength of st. Paul sustained this
group and brought new buying through
commission houses. st. Pau1s extra
ordinary gain in earnings for the fourth
week in June of about $500, 600 Oyer tbs
corresponding week of last year was
the main motive for this buying,
though the general outlook in the
wheat market induced 4 general cover
ing of shorts. Line of shorts put GU:
by grangers on the early belief that
ruin of the wheat crop Is understood
To have been vary large and no small
part of the present strength of the
grangers is attributed to the covering
of these shorts. Atchison preferred
was very markedly affected in the same
way and rose to 60%s. Rock Island
Jagged in the movement on the disap-
pointing May statement. Other rail-
0 stocks showing conspicuous
strength were Illinois Central, South
ern Railway preferred, Northern Pacific
and Erie first preferred. The strength
of these was on buying for London ac-
count. Mexican Central was in large
demand and late in the day the Coalers
rose from 1 to IA. Bears who had SOLD
Brooklyn Transit in expectation of a
Fourth of July strike were eager buy
ers to owe short contracts and ad-
Vanced the stock at one time nearly 4
points. The rise in Sugar extended to
nearly 5 points. Other s%pecialties
which rose strongly were the Tobacco
stocks, Steel and Wire, Tennessee Coal,
Peoples Gas, International Paper M
Anaconda. There was some hesitation
in the early trading on ccoun of the
fo;1,ro of fbo ~onory raorJvob 20 aoca
off as it was expected to do under the
July disbursements on interest and
dividends, but later in the day call
money fell to 2 per cent. 1t is now adj
mitted that the recent gold exports
have been directly due to borrowing
for the purpose of easing the German
money market, which was in urgent
need of it to carry over the half yearly
period. The London Statist estimates
that the terms upon which money has
been borrowed in New York for Berlin
account have been equivalent to a rate
of 6 to 61a per cent for a small portion
of the money that the market required
to tide over the pressure. Money Is
expected to flow back to Berlin on ac-
count of recent speculative liquidation
and the critical period there is believed
to be over. Discounts in foreign mar
kets were generally easier to-day.
There was a large demand for the Erie
general mortage bonds and the st.
Louis Southwestern seconds. The Erie
bonds gained IL and the st. Louis
Southwestern 2 points on the day.
There was a good business elsewhere
and prices advanced a fraction. Total
sales par value $4,000 0
United States old Is registered adj
vanced 1s in the bid price.
The total sales Of stocks to-day
amounted to 636, TAG shares. Quotations
closed bid: