Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-01
Mexican dollars 4S1sc.
Goyernment bonds steady.

u. S. old As LA
u. S. old As coupon LIZ
u. S. 5s registered
II. s. IS coupons.
Government bonds steady.
State bonds inactive.
Railroad bonds strong.
Stocks-There was a remarkable
demonstration of. the underlying
strength of standard railroad stocks
to-day, in spite of the happenings
which the bears have been relying up
b to put down prices before the triple
pliday. The squeeze in the money
market proved more severe than fof
many months. the rate for call loans
jumping at n time TO II per cent.
Loans made to-day carry over until
next Wednesday, and the shifting in
cident to the heavy demands on the
eve of semi-annua. disbursements caus-
ed a very active bidding for money.
There was besides the natural hesita-
tion on the part of most operators to
making large commitments on the eve
of the holidays, and the general ten
dency to close up accounts. This kept
the market very dull through the early
part of the day and prices were dis
posed to sag. The opening was indeed
a fraction below last night for most OF
the railroads and a liquidating move
ment in Sugar and the city traction
stocks pulled the railroads back again
after they had first started up. But
during the second hour OF the trading a
very determined and confident demand
sprang up for st. Paul and New York
Central after the latter stock, which
was dealt in ex-dividend, had fallen "
below last nights level. This demand
grew and spread through the most
prominent stocks on the list, including
the leading trunk lines, the grangers,
% be Paciics and one or two of the
outhwestern. The manner in which
his buying ignored the furry in the
money market indicated that it came
from sources not dependent on the or
/ binary of the banks. Not
outstanding the noteworthy strength
the movement in these few stocks,
he general market continued very
Dmuch neglected and little changed in
price. The total sales for the day were
considerably below the average for the
week, and dealings were almost wholly
concentrated in the few stocks which
developed so buoyant a tone. In these
the strength continued with a very
slight reaction at the close, the level of
prices being lifted for them from 1 to
2R per cent above last nights level.
Pennsylvania, which is usually very
little dealt in on the New York ex-
change, showed marked activity and
rose at n time IA. Numerous blocks
OF 1000 shares and upwards of this
stock were taken on the rise. The in
dustrials were almost wholly neglect
ed and with one or two exceptions
whatever activity was shown was at
the expense of values. Sugar recover
ed from its early weakness and closed
about a point higher. Anaconda.
Leather preferred and Tennessee Coal
\were also strong. The local traction
stocks were notably weak, Brooklyn
Transit being most keenly affected. A
feature of the early market was the
number of cash sales of gilt-edged pre-
Dferred stocks. There was quite a long
list of stocks selling ex-dividend, in
GLIDING the Vanderbilts, Rock Island
n Atchison preferred. The most
prominent of these more than recover
ed their dividend on the days trading.
All opinions seem to agree that a very
heavy decrease in cash will be shown
Iby to-morrow's bank statement. some
estimates running as high as s10.O0O.-
l00. This includes over $1,000. 900 of
pc gold shipments, a loss to the sub
Teasury on account of the govern
ent's small expenditures this week.
d a net loss for the New York banks
the interior movement of currency.
sides this the speculative activity of
week f~oreshadowed an expansion
oans and a sharp decline in surplus
rye.
acre was considerable activity in
bond market and prices as a rule
higher. Total sales, par value.
1000.
bonds ara ,,polo--
g total sales of stocks to-day were
So5,s2 shares. Quotations closed bid: