Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-06
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NEW YORK, June s. Commercial
Advertisers London financial cable
gram:
The markets here were firm at the
] opening to-day, but heavy at the close,
accompanied by the rumors that two
generals had been arrested. This re-
port was confirmed, but consols went
down ". Americans were firm and
neglected, but hardened slightly on
New York buying. They dropped at
the close.
NEW YORK, June 5.-Money on call
steady at 2@21s per cent; last loan, 2
per cent Prime mercantile paper, 3A
"a per cent. Sterling exchange steady,
with actual business in bankers bills
at $4.874 @4.8S for demand, and at
$4.85k@ for sixty days; posted
rates, $4.8612@487 and $4.89; CONNER
cial bills, $4.S4A@4.S5A. Silver GER
tihcates, 601a @611sc; bar silver, 605sc;
Mexican dollars, 4Sc. Government
bonds easy; state bonds easy; railroad
bonds firm.
NEW YORK, June 5.-The profess
Eional traders on the stock exchange
made industrious attempts all day to
get into the current of speculation.
But as a matter Of fact there was al
mos no current to speak of, SO that
the board room traders found them
selves drifting and foundering in stag
nant waters. They changed sides sew
eral times in the dull market and the
net changes on the day are conse-
quently unimportant outside of few
Of the specialties, though the general
average of prices is notably lower. The
opening showed declines under the in
fluence of the heaviness in the foreign
market on account of the disturbed
state of affairs in France. Sugar and
number of other specialties were at
tackled and the bears also had on their
side a falling off in the eas:-bound
freight tonnage from Chicago, de-
crease in Rock Islands earnings for
April and renewed strength in the
wheat market.
The manifest disposition of bull
party to take up group of iron and
steel stocks on account of the extra
ordinary prosperity in that trade served
to check the decline. The large re-
ceiptS of wheat at interior points Off
set the fears of damage and series of
good returns on recent traffic of various
roads also helped to strengthen the
stocks Of those properties. The local
stocks showed disposition to advance,
and it looked like their uneasiness and
the making of comments on the long
side was put a stop TO- There was
nothing notable in the trading there
after. The extreme break in Sugar was
Z points, and the rally on covering
caused some hardening in the general
list. The recovery in Sugar amounted
81, the net loss being "a. National
Steel, Pressed Steel Car and Tennessee
Coal held their advance rather better
than the other steel stocks. There was
spread in the American Smelling
stocks, the common weakening sharp
ly, while the preferred advanced over a
point. The plethoric condition of the
money market, the good railroad earn
ings reported, and the general activity
and prosperous conditions in all gener-
al channels of trade are accepted as
causing increased values to securities.
But the Sugar trade was and other pos
Eibilities of setback to highly specu-
lative stocks. as well as the manifest
disposition to renew an unbridled specu-
lation in the securities of the new and
untried industrial combinations begets
distrust and hesitation on the part of
the capitalists.
Prices were much better maintained
in the bond market than in the stock
market, but business in that depart
ment also was small. Total sales par
value, $1,990,000.
U. S. old As coupon advanced Il, and
the IS and new As, B in the bid price.
The total sales of stocks to-day
amounted to 392.007 shares. Quota
tions closed bid