The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-06-26

Individual stocks. which they singled
out for special attack. The general
market has shown Itself colby unrc-
sponsiye, and there has been nothing
like a general break In prices Mt any
time. Holders OF the standard rail-
road stocks have held on with stub
born tenaclty. and the most marked re-
suit of the sum of I 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 complete standstill. But
there was such a small supply Offering
for sale at the same time that prices OF
many stocks offered q firm resistance
to any decline.
The moneyed class persisted In Its
waiting attitude. and was evidently not
resolved OF Its doubts as to which way
prices would finally turn for q length
ened period. The vulnerable point for
bear manipulation continued 10 be the
stocks of the big IndustrIals, especially
the new floated, although some OF the
old ones with established dividend rec
ords have also been acute sufferers.
The policy OF the bears has been to pick
out first one and then another OF the
lndustrials for onslaught and by DEM
onstration OF extreme weakness In an
individual stock to try to bring gen.
eral supply OF stocks to market.
II Is Il commentary upon tho public
feeling towards new Industrial iiota-
tlons that the most vulnera BILE point for
attack has been In the steel stocks, in
spite Of the fact that tho enormous
profits are being realized In the produce
ton and manufacture OF all grades OF
this material
The week in Wall street has been I'LL
ed with the most contradictory ru-
mors and assertions regardlnipcoming
dividend declarations on some OF the
stocks. and with the most profound
depths Of unenlightenment on the part
Of holders OF shares regarding the abil-
ity or Inability OF the companies to pay
dividends. The discrimination Of banks
and money lenders against the Indus
trials as collateral has been renewed,
and there Is an unwilllngness to accept
the market price as the proper valua-
ton. even when the higher interest
rates are asked for loans on the class
of collateral. All of these factors have
contributed to the feverish price move
ment which has been successfully
moved among the Industrlals during
the week. The uneasness In London
and Paris stock markets on account Of
the Transvaal situation and the cabi-
net crisis In France md the amoney
stringcncy In Berlin, Vienna. Frankfort
and Amsterdam on account of large
speculative commitments In the Berlin
market have been more or less reflected
here. and have added to the fear Of
decline of gold which might affect our
money markets. On the other hand
the improved cropt outlook, the good
earnings BY railroads, the continued
case of money. the general business
prosperity and the return from Europe
OF several ilnanciers Of influence and
authority have served as sustaining
factors, and even TO advance prices In
a number of railroads.
The volume Of business In bonds has
decreased somewhat. but prices In the
main were pretty well maintained.
United States new Is declined a point,
the new Ss " per cent and the old Is
registered x and do coupon Z per cent
In the bid price.