Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-28
Mexican dollars 4Sc.
Government bonds weak.

Government bonds weak.
State bonds inactive.
Railroad bonds weak.
Stocks-The stock market continued
narrow and professional to-day until
the last, when there developed more
animation and strength than had been
noted for many days past. The late
movement seemed to start with
strength simultaneously displayed by
Lake Erie & Western, Pittsburg, G. c. &
st. L., and Pittsburg & Western pre-
ferred. These stocks gained from IA
for L. E. & w., to points for Pitts
burg, C. C. C. & st. l.. The markings
I'D of Sugar an extreme 21a, and the
rise in New York Central to 14O, help
ed on the movement and the general
market rose above last nights level.
Quite an active demand sprang up for
the grangers and lifted Burlington over
a point. The activity of the market
did not become general, however, and
gains were not at all uniform. Inc
traders were bearish in the early part
of the day, but finding the prices resist
ing pressure, they turned to the long
SIDE, encouraged by the strength OF spe-
cial stocks The movement in Rock Is
land and the Southwestern stocks snow
ed some diminuaion under profit-taking,
but Kansas & Texas preferred retained
It's strength and advanced over point
Sugar also showed an advancing ten
dency from the first, and l.. & N, which
sold ex-dividend OF per cent, regalned
13a of that amount. There was mid
ylay advance in tie Tobacco stocks wich
belned on the upward movement, con-
tinental common rising Ia, the prefer
red 3, and American Tobacco a point
The mailing stocks recovered smartly
from Yesterdays prices and Laclede
Gas jumped 31a points. The develop
ments in the money market begot in
creased confidence. Yesterday and to-
day there have been large loans made
On time on the stock exchange, from
which it is argued that operators feel
the possibility of a demand for money
that may stiffen call rates and desire
time loans on the securities they are
trying to hold for long pull. The
fact that the Bank of England did not
increase it discount rate to-day served
to lessen anxiety on the money ques-
ton, and the weekly exhibit OF that in
stftution showed that the open market
had been able to reduce its loan obliga-
tons to the bank very heavily. The
sharp fal lin French rentes and re-
ports of a political crisis in that coun-
try were without much effect in New
York. The money here was somewhat
relieved by the transfer of funds from
the sub-treasury to the banks on the
payment for the new custom house site
in New York, and it became known
that the government has ceased for the
time being it's weekly withdrawal of re-
ports from the New York banks, which
have been at the rate Of S1,000,000
week for some time past.
Statements of net earnings complet-
ing the fiscal year for number of de-
posts from the New York banks which
have been at the rate of S1,000,000
week for some time past. June state
ments of net earnings completing the
fiscal year for number of railroads
were favorable factors, especially that
of st. Paul showing an increase in the
net for the year of S1,379,69S. The
bond market did not show much re-
Spouse to the strength in stocks and
fractional declines were the rule. Total
sales, par value, S1,610,000.
U. S. new As reg. declined Il, and the
old is reg and 5s reg, Is in the bid
price.
+ao:e