Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-08

Bar silver 5Jc. -
Mexican dollars 471ac.
L. S. Is registered. ......................10 012
u. S. IS registered. ......................10S 12
y. s. IS coupons: :....;................ll 9S$4
L. 5. new As registered. ................I 3J1s
L. S. new is coupons. .....................l3 40
L. S. old As registered. ..................1l1A
u. S. old As coupons. .....................1l3
u. S. IS registered. l1f42
L. S. IS coupons. .ll12
Government bonds steady.
State bonds inactive. -:+:gsf,
Railroad bonds weak.
Stocks-The market succumbed to
the combined influence of a hardening
rate for call money and the depression
on foreign stock markets on account Rf
the gathering war cloud in South At
industrial specialties were marked up
in the early dealings and at different
times during the day in an effort to re-
sist the decline. The attempt proved
unavailing to overcome the depression
in the general list and the manipulative
stocks in some cases finally weakened,
though few retained net advance
Tennessee Coal was marked up point
at the opening, but that was the high
est Of the day. Sugar Tobacco, Brook
Ign Transit, Federal Steel and a few
other stocks among the most prominent
industrials vibrated both above and
below last nights price. Pullman Pal
ace car was at one time up four points,
but lost it all. The American car
stocks rose 2 points each, but the pre-
ferred reached to the level at the open
in. Pressed Steel Car preferred, ad-
vanced point in the closing dealings.
These movements, a reflection of the
large demand for railroad equipments
rowing out of the prosperity of the
railroads, had little effect on the gem
eral list. The American Hoop stocks
were strong on reported large earnings
rising three for the common and IL
for the preferred There were some
large orders executed for United States
Leather, which raised the price point.
The preferred stock advanced in SYM
pathy but lost all the gain. These were
the only important exceptions to the
weakness of the active stocks St.
Paul showed some resistance, but gave
way with the other raners when init
nations were heard of opposition to an
increase in the dividend rate on the
part OF the directors. con September s.,
year ago, st. Paul was pushed I'D in
the morning to lis on the rumor that
the semi-annual dividend would be in
creased over the ~ per cent rate.)
When the rate was announced in the
afternoon, the stock slumped nearly
hve points and broke the whole mar
ket. The rate still continues ut 21b
per cent. Declines in the railroads are
quite uniformly between / and . per
cent, including the prominent grangers,
southwesterns, Pacifics, trunk lines and
Southern Railroads. Stocks which
have had recent sharp advance show
wide declines. Colorado Fuel, Hooking
Valley, New Jersey Central, Northern
Pacific, the Republic Steel Stocks and
Tennessee Coal are instances; though
the latter stock recovered its decline.
Money on call commanded 5 per cent
most of the day and went up as high
as 6 per cent, with only a few excep-
tions below per cent. The treas
ury had small debit balance at the
clearing house to-day, but the banks
have lost over 100000 to that insti-
tuition since Friday and expect to in
crease that amount before the close Of
the week. There we're further trans
fers to the south to-day and the banks
are still losing on balance to the inter-
ior. The hardness of money here did
not avail to lower the rate of sterling
exchange, in view of the increase in
discounts in London, which also had
the effect of raising the rate of ster-
ling exchange in Paris and Berlin.
London's sales of about 10000 shares of
stock here helped to keep up the ex-
change rate. 1t is apparent that under
present conditions abroad a consider
ably higher rate for money here will
be required to induce imports of gold.
Bonds showed a weakening tendency
in sympathy with stocks, Kansas &
Texas secons being notably affected.
Total sales, per value $1,523,000.
United States bonds were unchanged
in bid quotations.
AtchiEon .. - 211h
Do preferred ...... ....... 6lss
6aItlmore and Ohio -...-.-.....-......... $50
| Nana0aaH racine ACKNOWLEDGEMENTS. 50