Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-05-26
Mexican dollars 1870.

! e. rev IS registered. low.
| Y s. rev As coupons. 1904
! q s. cd As registered. .............. .1t27s
| Y. ). old As coupons. .ll3ll2
/ q. 2 5s registered. ............-......l lzt2
( y. ;. 5s coupons. .1l21a
| Government bonds strong.
/ State bonds strong.
Railroad bonds strong.
Stocks-Transaction in stocks were
On larger scale and trading showed
more animation than for several days
past. There were evidences of a con-
siderable outside interest in the mar
ket, especially in railroad stocks. But
operations continued still in very large
part in professional hands. It was a
conflict between the bulls and bearssfor
supremacy and the bulls early had tie
best of it, There were several condi-
tions that aroused apprehension on the
disposition to cover short contracts
from the outset. Apparently there had
been quiet picking UP CT stocks for
the long account in the recent depres-
sion and the holders were as wiling
to take profits if they could get them
as the shorts. They proceeded, there
fore, to bid up the market and induced
quite an active covering movement for
both accounts. The decision of the ex-
holiday from the coming Saturday until
Wednesday was a motive for closing
up accounts both long and short The
market hesitated only momentarily at
the opening, at which time low prices
for the day were made in nearly all
eases and they moved quite strongly
and confidently upwards. There were
occasionaf pauses and setbacks and
some ire gularity, and a realizing move
ment in the late dealings l-r1ueht prizes
generally below the high level, but
very substantial net gains remained in
nearly all cases. Il was obvious for
several days that the short interest was
becoming rather unwieldiy and a pre-
meditated attempt was arranged to
make the market frcm the shorts pre-
vious 10 the coming holiday. Some CT
the factors which assisted the bulls
were the excellent reports OF railway
earnings for the third e n May
which continued to be rccc.,d this
morning. This was especially true Of
the Southwestern roads, of which the
shorts were rather free sellers yester
day. The rather buoyant tendency Of
the wheat market on continued crop
scare was therefore ignored and the
Changers and SGuthwestorns were
quite freely bought. Reports were cir
culated with the appearance Of anthem
ITCHY that the dividend disbursements
for the current period en- the Atchison
preferred. stock had been practically de-
cided upon. The shorts who hal sold
on dorbt of this were therefore driven
to cover The passage of the modified
Ford franchise bill ameliorating the
conditions imposed upon New YORK
municipal COIECIdtiOHS, ElLSu lEe
stocks quite markedly. L2nCol was j
buyer Of stocks to a modera.e extent,
and this was an influence in the easier
tone of sterling exchange, which reiiev'
ed some slight apprehension of possible
gold exports. Sugar and the Coale-s
We're easily manipulated for a rise by
the bulls and there were evidences of
strength in Southern Pacific and Cen
trail Pacific. These conditions were too
much for the bears and they Joined in
the buying movement with results as
above indicated. Pressed Steel Car
was the most conspicuous exception to
the prevailing strength.
There was a continued large demand
for all avilable classes Of bonds, gov
ernments included, and prices are high
er all around. Total sales par value
-4,643,OO0. United States IS coupon and
the new As advanced Il and the IS Is
in the bid price.
The. total sales to-day were 232,500
| shares. Quotations closed bid: