Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-05-27

Z. S. IS registered. ACKNOWLEDGEMENTS. 100
u. S. IS registered. ACKNOWLEDGEMENTS. 1855
u. S. IS coupons. ........................1 1904
e. s. new is registered. ............... 1904
U. S. old As registered. il2ss
u S. new As coupons. ..................l3 1904
U. s. old 4s coupons. Observation-Disclosures 13s4
u. S. 5s regis tered.... .ll2ss
y. s. IS coupons. .......................H2
Government bonds irregular.
State bonds inactive.
Railroad bonds irregular
New York, May 26.-The market
opened with continuance of the up
ward movement which was in force
yesterday. Yesterdays sharp advance
brought in a small volume business
orders to the commission houses, which
were put in at the opening. There
seems to have been also considerable
enthusiasm awakened in the American
department of the London market by
the same cause. The international
stocks were bid up there before the
opening here and the arbitrage brokers
promptly bid them up to a parity here.
It soon became apparent, however, that
the bull party were no more prepared
to make extensive commitments on the
the activity soon came to a standstill.
The feverish and erratic tendency of
Consolidated Gas helped to unsettle the
market. It's sudden drop was sup
posed by outsiders to indicate some new
possibility in the new franchise tax
law and other Stocks in the same group
fell away in sympathy. When the an
nouncement was made of the action of
the gas directors in reducing the quar-
terly dividend rate from per cent to
~ per cent, there was some recov-
cry in the stocks of other New York
municipal corporations. AS rule the
prominent high priced specialties were
weak. Sugar was a conspicuous SUI
ferer on account of the reduction in
the price Of cubes sugar which presaged
another stage of war of sugar pro-
ducers and effectually demolished the
ment upon which the stock had ad-
vanced. The extreme decline in gas
was 10 points and it closed only quar-
ter above that. Sugar lost six points,
bat rallied 8. and closed with net
loss of 3A. Both American and Cont
mental Tobacco, American Steel Wire,
Anaconda Mining and American Smelt-
ing were points of weakness. Manhat-
tan, Brooklyn Rapid Transit and Met
ropolitan Street Railway recovered a
large part of their losses When the
selling movement had spent it's force
in the afternoon heavy buying orders
appeared for Atchison preferred and
st. Paul. which wiped out for the most
part the slight losses in the railroad
list. The market eased off slightly
with the final break in the specialties,
but many railroads show fractional
gains on the day. 1t was expected that
the demand for loans which are made
to-day to carry over TO Wednesday,
would stiffen the money market, but
no disturbance was perceptible there.
Sterling exchange maintained its easy
tone under the influence of London
buying of stock in spite of the demand
for transmission by Saturdays outgo-
ing steamers.
The market for bonds continued rel
atively more active and stronger than
that for stocks, a number of new high
record prices being made. Prices yield
ed at some points in the list with the
break in stocks and made the days
changes mixed. U. S. IS registered ad-
vanced * and the old As coupon "a
in the bid price while the IS coupon
and the IS declined Is.
The sales of stocks to-day amounted
to Ss3,357 shares. Quotations closed
bid:
ASSHlsoH $1,000. .......,.... lS
~. Pelelfeu .s:.'''.' ....'''......... oo14
Balt.more and Ohio ................... 6s4
Canada Pacific ..... ......., 9S2
fra1 roef