Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-18
State bonds inactive.

OldlS JULIUS lIdNNiNS.
Railroad bonds easy.
Stocks.-The stock market to-day
was an aimless and Insignificant af-
fair, except SO far as the dullness and
neglect were significant Of the doubt
felt in many minds over the money
outlook. Operations were strictly
confined to professional manipulation
by the room traders. This kind OF
trading resulted in only trivial net
changes most of which were inside OF
losses. The range of prices was quite
wide during the day, many stocks one
time raising a shade over Saturday
and then dropping from 1 to points.
The latter portion of the day was de-
voted to a desultory covering move
ment which reclaimed most of the
earlier losses Even Brooklyn Transit
which was the center of the days
weakness, recovered to within Is of
Saturdays close, but yielded sharply to
bear pressure in the final dealings.
Labor troubles played large part in
the days market, Brooklyn Transit
being most conspicuously affected by
reason OF the strike amongst its en-
ployes. The stock opened off rs, and
Manhattan and Metropolitan Street
Railway were keenly affected in sym
pathy, the former losing IA, and the
latter 3 points. Brooklyn Transit was
very vigorously supported by inside
interests and quickly rallied point,
giving the short interests, which is
supposed to be large, small opportun-
Ity to cover. Later the stocks fell an
extreme "a when the news came that
the street car strike in Cleveland had
been renewed, as it was feared this
might presage a general sympathetic
feeling.
Peoples Gas and Federal Steel, as
being lower specialties, were depress-
ed in sympathy with the Brooklyn
stocks, Federal Steel dropping an ex-
IRENE 1A. New York Air Brake also
broke II points and after vibrating
wildly scored full recovery. Ameri-
can Smelling moved upward on the
decision of the Colorado Supreme
Court against the constitutionality of
1he States eight hour law, the conflict
ting interpretations of which led to the
oil ctvilro Tin p1otn yl0nITo6 II
on the wage scale agreement and the
advance in the price of the product.
The late weakness of Brooklyn Transit
and break in Sugar of nearly 2 points
brought the most active selling move
ment of the day, when no declines
reached a point in a number of cases,
including the grangers and AtchisOn
preferred and in New York Central
reached 15s. The failure Of the call
money market to weaken in spite OF
Saturdays favorable bank statement,
caused uneasiness regarding the flu
ture Most of the days loans were
made at AZ per cent, and the rate
weakened to per cent only after most
of the demand had been satisfied. Ru-
mors of financial difficulties in London
caused doubt and hesitation in all the
worlds great stock markets. The
private discount rate there rose to ga
Der cent and demand sterling and
cables here advanced Il cent.
There were very persistent rumors
that gold would go from New York
this week. Transactions in the local
stock market for London account
were, however, insignificant. The alb
sence of any announcement OF a gold
shipment by to-morrow's steamer was
a factor in the late recovery of the
market which brought prices generally
back to near Saturdays close.
The market for bonds was dull and
heavy in sympathy with stocks. Total
sales, par value, $1,650,0O0.
U. S. S. advanced Is, and the old As
registered, 4 in the bid price.
The total sales of stocks to-day
were 331,164 shares.
Quotations closed bid: