Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-12
Mexican dollars 47%c.
Government bonds easy.
State bonds inactive.
Railroad bonds easy.

State bonds inactive.
Railroad bonds easy.
Stocks-The stock market strlkingly
demonstrated its inherent strength
again to-day with a practical recovery
of Yesterdays losses. Closing prices
to-day were only slightly below those
of Saturday and in some exceptional
cases sharply above. The only condl-
ton in which any change had taken
place were purely technical. These were
the elimination of a weekly margined
long account until the creation of
short interest. London began to sell
stocks in New York at the opening to-
day as it did yesterday, but instead OF
coming up on large account Of nearly
exhausted margins as was the case yes
terday, the opening decline invited buy
ing to cover the short contracts put out
yesterday. The buying from this source
afforded the principal support to the
market in the early dealings. 1t was
particularly marked in Sugar and the
New Traction and gas stocks which
suffered most severely from bear raid
ing yesterday. By the time this short
interest had been covered the market
came to a standstill, the bulls appar
emily lacking courage to push their adj
vantage inface OF continued stiffness
Of the money market which held quite
firmly about the legal rate for call mon
ey. Slightly before noon. however.
determined buying movement developed
in the great trunk lines and with occa-
sional intervals of dizziness, continued
dull for the rest of the day, spreading
fro one group to another until it en-
braced much the whole list. The agree
ment among the trunk lines to restore
rates on grain to the seaboard was APP
parently the cause Of the origin of the
buying in that group. st. Pauls in
crease in gross earnings for the first
week in July Of $203,S22 prompted the
buying of the grangers. The high rate
for call money was offered and very
large loans made on the stock exchange
at per cent. The rates eased off to
AZ per cent. at one time, but rose again
to per cent, the demand apparently
continuing large for the increased sup
ply available. Interior EXCHANGES con-
tinued to run against New York, but
Yesterdays contraction OF leans had
apparently left the New York banks
in an easier position. Demand sterling
in New York only held firm under the
stress Of the high money rate in London
but sterling exchange in Paris and
Berlin advanced sharply and discounts
were easier at those centers. Long
sterling in New York weakened an ad-
ditional fraction under the sales of fut-
ures based on the expected outward
movement of merchandise to begin in a
short time. Among the special points
were Texas and Pacific, which rose to
20, and later the whole Southwestern
group. Wall street had a rumor of
contemplated merger of Wabash and
Missouri Pacific TO account for the
strength for those stocks. Northern
Pacific also scored a brilliant advance
recovering more than its dividend.
which was taken off to-day. There was
simultaneous advance in Tennessee
Coal, Colorado Fuel and American Steel
and Wire. which rose from to "a,
and also in Chesapeake and Ohio,
Cleveland, Cincinnati, Chicago and ST.
Louis, and Lake Erie and Western pre-
ferred. After fractional reaction on
professional profit taking prices were
marked up again to near the best in the
closing dealings.
Bonds rallied somewhat from the
early weakness in sympathy with stocks
but are generally slightly lower on the
Gay. Total sales par value S2,0S0 900.
U. S. new Is registered declined Il
and the old As registered Is in the bid
price.
The total sales of stocks to-day were
395,53S shares. Quotations closed bid:
Do preferred OBSERVATION-DISCLOSURES. 6l1a
Baltimore and Ohio. 413a