Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-06-12

cIal ADVERTISER London financial
cablegram says:
The markets here were moderately
active but slightly irregular on appfe-
tensions of Iransvaal trouble, which,
however, are subsiding. Their adverse
influence on general departments is
now small
Americans continued good, closing
very firm, several being over parity.
The continent shows disposition to
purchase, but there is no outstanding
feature. Spanish As were 6el2.
Coppers were good. TintoS 46A; An
acondas 10 1915.
Discounts were a shade firmer, but
money is easy.
Seventy-one thousand pounds of gold
were received to-day from Australia.
Yesterday notable rise in
prices of stocks brought the expected
result in large orders to commission
houses by wire and mail to buy stocks.
These were put in at the opening and
executed at the high prices to which
values were marked. The professional
operators who have been buying stocks
In the last few days met this demand
with sales to realize. After this the
trading had been concluded it looked
as though the large operators who have
started to buy stocks in the last few
days were indisposed to pursue their
activities and the market began to sag
on light transactions. The low poinl
was made just before the publication of
the bank statement, when prices in
many cases were below last nights
level. American Steel & Wire, Sugar,
Atchison preferred, st. Louis South
western preferred, Brooklyn Transit
and Manhattan were the seyerest Suf-
ferers from the reaction. The experts
had figured that the bank statement
would show a decrease of $4,000 600 in
cash holdings, although it was known
that only Sl,500000 OF the weeks gold
shipments would figure in the state
ment. The losses Of the banks to the
sub-treasury were expected to be heavy.
Instead of this there was decrease in
cash of less than million and a half
and the liberal expansion in leans of
over S10,000,000 was evidence of the
easy feeling OF bankers over the out
look for money. Prices of stocks hard
ened as consequence and recovered
A<4OoI III luS CdiIlCl OCClllS. OuSd3
touched the top price for the day and
Consolidated Gas rose about 51a points.
pennsylvania was consistently strong
throughout on the selection of the new
president, and st. Paul enjoyed the
benefit of its increase of 100000 in
gross earnings for the first week in
June. The bull leaders are undoubted-
~ counting on the favorable effect to
be produced by coming reports of rail
road earnings which for the next few
weeks will compare with the period last
year when the Letter wheat deal
reached its collapse, the price of wheat
suddenly dropped and the movement
of grain and consequently the earnings
OF railroads had the only notable set
back OF the year. AS the grain roads
have been making excellent COMPARE
sons even with the period of the maxi
mum grain movement last year, the
increases for the next few weeks are
expected to be phenOmenally large The
Dull movement sought to be inaugur-
ated yesterday in American Steel G.
WIRE proved abortiye and the stock
failed to rally from its weakness to-,
day. Sugar was comparatively quiet
but resisted all Attempts to force it
down. The selling for London account
because of the TransvaaI crisis was
ignored
In the bond market there has been
some increase of activity in the latter
part of the week and an Improvement
in prices.
United States Is advanced 1 per cent,
the old As. registered Is, do coupon and
new As and the IS 1s in bid price The
5s declined *.
Total sales OF stocks to-day amount
ed to 309,061 shares. Quotations clos
ed bid
Atchison ~ 1885,
Do preferred - 56ss
Baltimore and Ohio .... 81
cSanaaa Pac.fic ........................ 974
ccss as Laelnc .Cc;i;.-..--........... 524s