Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-26
I|nhl( b1]p IRADE'
NEW YORK, June "a Commercial
Advertisers London financnal cable

= =. \ = Ss''sA ? ~s>S1>>@S1A -
gram:
The mining settlement here checked
business, but the tone was firm. In
vestments securities, however, were
heavy on tightening money.
Americans were cheerful. London
bought New York Central, Union Pa
cific and Northern Pacific issued and
Baltimore & Ohio.
Spanish As were 621s, Tintos 43A,
Anacondas 1923.
One hundred and twenty-five thous-
and dollars gold in bars was bought by
the bank; $4,000 arrived from Aus
tralia The bank did a moderate BUSH
ness in loans and discounts and the
market discounted more than for some
time.
Stocks-The bear operators among
the professional traders became some
what discouraged over the events OF
to-day's short session and engaged in
something like scramble to cover out
standing short contracts in the closing
dealings. An unfavorabie bank state
ment Had been counted upon by this
element to further a decline. To-day S
statement, while it cannot be called a
favorable one, was not as weak as had
been foretold and when the bears start
ed to cover shorts after its publication
they found that it had brought slight
offerings to sell. Prices were marked
up quite suddenly in some cases to the
highest point of the day, making the
closing quite Nbuoyant in tone. The
banks loss in cash reserves was not as
largely over a million dollars as had
been estimated, and the further liberal
expansion of more than $5,000,000 in
loans indicated the faith of banking
authorities in the money outlook. Who
are the borrowers of this large amount
of money is as much a mystery as was
the increase last week 1t has certain
ly not come into stock market specu-
lation during the week. One SUPPOSE
ton is that the gold that has been
going abroad goes in the form of ac-
tual loans to foreign institutions. This
would help to explain the mysterious
action of the exchange market in the
face of the gold shipments, which has
failed to reflect any yielding under Of
ferings of bills against the shipments.
The strength in to-day's stock market
centered in the Vanderbilt group, N. Y.
Central, Northwestern and st. Paul and
Omaha rising from Us to points. The
simultaneous rise of rs in Union Pa
cicfi revived rumors of transcontinental
railroad combinations. The. arrival in
this country of Cornelius Vanderbilt
and the strong statement of New York
Central for the fiscal year were the pre-
sumptive grounds for the strength in
lines, particularly Baltimore & Ohio,
and in fact the railroad list generally,
were strong throughout. There was
weakness at one time in Steel & Wire,
Sugar and Tennessee Coal. Steel &
Wire did not rally strongly, but other
stocks, practically without exception,
closed at the best and at notable net
gains. The bond market was quiet and
yielded at some points. The bears have
been energetic and aggressive during
the week and have had moderate sue
cess in driving prices to a lower level.
But their success has been almost en-
tirely confined to the individual stocks
which they singled out for special at
tack. The general market has shown
itself coldly unreSponsive, and there
has been nothing like a general break
in prices at any time Holders of the
/fapd ard railroad stocks have held on
With stubborn tenacity and the most
marked result of the slump of a few
individual stocks has been the lethargy
engendered in the general list. The
buying demand for stocks, to be sure,
showed signs at times of coming to a
complete standstill. But there was
such small supply Offering for sale
at the same time that prices of many
stocks offered firm resistance to any
decline. The moneyed class persisted
IN its waiting attitude and was evid-
emily not resolved of its doubts as to
which way prices would finally turn,
for heightened period. The vulner-
able point fer bear manipulation con-
tinued to be the stocks of the big in
situations, and more especially the new
foated, although some of the old ones
were old established dividend records,
have also been acute sufferers. The
policy of the bears has been to pick out
Hrst one and then another OF the indus
trials for onslaught, and by demon
stration of extreme weakness in an in
dlvidual stock, to try to bring a general
supply of stocks to market 1t is a
commentary upon the public feeling
towards new industrial flotations that
the most vulnerable point for attack
has been in the steel stocks, in spite of
the fact that the enormous profits are
being realized in the promotion and
manufacture of all grades of this ma
terial
The volume of business in bonds has
decreased somewhat, but prices in ,the
main were pretty well maintained.
U. S. new is declined a point, the
new IS, Is, the IS and the old As regis
tered ", and do. coupon, 4 in the bid
price.
The total sales of stocks to-day
amounted to 1891 shares. Quota
tons closed bid:
Atchlson -........ OBSERVATION-DISCLOSURES. lt1n
do preferred ......... ................. 55Ss
Baltimore and Ohio OBSERVATION-DISCLOSURES. 81
Canada Pacific ..........................9 7i2
SeHiFal racine .....-......-.....--..... 3lte
Chesapeake and Ohio Observation-Disclosures. 2f4
Chicago and Alton .................,.....15 $50
Chicago. Burlington and Quincy. 500. 1925
Chicago and Eastern Illinois. ........... 50
Do preferred OBSERVATION-DISCLOSURES. 122ta
Chicago Great Western. 1881
Chicago and NorthweSt tern. 1859
Do preferred ACKNOWLEDGEMENTS. l96
Delaware, Lackawanna and Western .l69
Fort lIaVnA