Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-05

u. s. new As coupons. 1902
u. S. old As registered ..,............ ll252
u s. old As coupons. .ll3l2
u. s. IS registered. ...-.............ll29s
u. S. 5s coupons. ......................... llsss
Stocks-Yesterday's sharp upturn in
prices had the effect of encouraging
the formation of a bull party in the
stock market, and it was sufficiently
obvious at the opening of the trading,
and even before, that the members had
fixed up on the stocks Of new steel
combinations and few other indus
trials as the most promising field for
operations.
Tips were disseminated through in
spired forces and by publication OF
coming dividend declarations on sew
eral of these properties, their prices
were bid up in an ostentatious way at
the opening. There was not the ex-
pected enthusiasm, however, in sup
porting prices, either by the outside de-
mand or by the professional traders.
The higher level g prices invited prof
it-taking by some of the buyers of
yesterday, and the advance came to
standstill.
There was a hardening of prices on
covering by shorts in expectation of
favorable bank statement, but the
statement was, on the contrary, unfa-
vorable, and the gains which had been
established by the bull clique were
quickly marked out. There was very
little liquidation induced by the de-
cline, and the closing was quiet and
somewhat irregular in tone, and show
ed net losses in the majority of cases.
The holiday in London deprived the
market of what has been a source of
strength in the last few days. West
ern Union, Brooklyn Transit and Sugar
showed evidences of rather acute
weakness, and in the railroad list
Northern Pacific and the coalers were
centres of depression. Fractional
gains were retained in few stocks,
<early advances not being entirely
wiped out in the iron and steel
group.
The bank statement was a surprise,
as it was expected that the liquidation
in the stock market would have re-
suited in a contraction of loans and a
decrease in deposit liabilities. In
stead of this, there was small in
crease in loans. The decrease in cash
was expected, and was due to the en-
gagement of gold for export and to
losses by the banks to the sub-treasury
by reason of the small daily excess of
revenue returns over government ex
penditures, which is now the rule.
There was very little business trans
acted in the bond market, and price
changes were small.
Bonds sold off, in sympathy with
stocks, but they were later in yielding
and declines were much less marked.
United States IS and old As registered
advanced " and the new As and IS "A
in the bid price. The old As coupon de-
clined H.
Total sales of stocks to-day were
1885, shares. Quotations closed bid:
Do preferred ........................5 5A
Baltimore and Ohio Observation-Disclosures. 66
Canada Pacific ......,.... .............. 99A
Chesapeake and Ohio ........,....... 2ily
Chicago and Alton ....:....-:..........16 0
Chicago, Burlington and Quincy. 1881
Chicago and Eastern Illinois ......... 70
Chicago Great Western ................ 1873
Chicago and North Western .......... 15lA
Delawpa leie ana Hudson ............iiS
Delaware. Lackawanna and Western.16e
Erie new $500. ...........,..:....... ~
DO preferred ...............-....'.... 81
Great Northern preferred ...........1 1853
Illinois Central .ll2h
Lake Erie and Western ............... 15l2
DO preferred ......... ................ GA
Lake Shore ....... ......................2 0Sla
Louisville and Nashville ............... sS5s
Metropolitan Street Railway .2i4S
M!cmgan central ....,... .....r.....,.ll3
New Jersey Central ....................1l 1854
New YORK Central ......................1 29A
Northern Pacific Observation-Disclosures. 461s
DO preferred .......... ..,..-........... 1878
rlttspurg ......... ...''..... ...........lS4
Do first preferred ...... .............. 57A
Rock Island ............. .............. 1l0A
0.r aul iea5s
DO preferred ..-..... ................ 1892
Southern Pacific ............ ........,.. 3lA
Texas and Pacific ......... ............. 1873
Cllioi TdcHlc ......... s..........-..... 4Ut2
Wheeling. and Lake Erie .............. SIS
Do preferred ACKNOWLEDGEMENTS %
EXPRESS COMPANIES.
CyprasS I'm