Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-12-06

1
| Bar silver Sc.
Mexican dollars 47Ac.
United States Is, registered. ........... .1o2
| United States IS, registered. .lo9s4
! United States SIS, coupon. .l05&
United States new As, registered. ..... lSS4
| United states new is, coupon. I53t4
United states old Is, registered .......1 l212
! United States old As, coupon. .........ll 312
United States 5s, registered. ........-..lIl2
| United States IS, coupon. .l1ss
Government bonds irregular.
State bonds inactive.
! Railroad bonds weak.
Stocks-To-day's EVENTS in the stock
market brought additional discourage
ment to those who had been attempting
| to maintain or advance prices OF those
| securities. Liquidation was the order
of the day and many holders who have
waited for weeks on deferred hopes OF
| the situation clearing up and the bull
market being inaugurated threw over
| their holdings to-day. The weakness
| was most apparent in the industrlals
and specialties, but the railroad stocks
were very generally sold. There was
| some buying of stocks last week On the
presumption of speculative profession
| ais that the Presidents message was TO
| be bullish document and its public6-
ton to-day brought profit taking from
| those sources in the natural order OF
events. The paragraphs OF the mes
sage bearing on the subject OF indus
trial combinations was the ground Of
the special weakness in the industrial
department.. Quite number OF these
securities are from to 3 points lower
on the day. A single lot of United
States Milling preferred sold at y,
against 22A the last preceding sale.
This stock sold on September Is at
1872. But the principal influence in lie
days weakness was the money situa-
ton. The spasmodic character OF the
selling and the exceeding dullness of the
intervening periods reflected the oper-
alton of loan contraction by tho banks,
| the successive calling of loans, throw
| ing blocks of securities upon the mar
ket, which found no support awaiting
them. There were some slight signs
of firmness in the early dealings, espec-
tally in Sugar, and some of the railroad
stocks. The trunk lines remained COM
paratively firm throughout but the
slight evidences Of strength elsewhere
gave way to the general tide of weak
| ness. Call money reached per cent
early in the day and receded to 6 be-
| fore the close, but the easing of the
rate did not bring any strength to
/ stocks in view of the general outlook.
Shipments of money are still being
made to New Orleans and New York
exchange rate at important interior CEN
tres continues at a material discount.
| Notwithstanding yesterdays disburse-
| ments by the sub-treasury OF over $780,
eco on account of bond redemption5,
that Institution was a creditor at the
clearing house this morning to the ex-
tent OF over 100000. Its gain from the
banks since last Friday has reached
| $1,653,000. The majority of the banks
being still very near or below their
legal reserve requirements, this shrink
age in resources is forcing still further
contraction of loan liabilities. The tend
ency is increased by the approach of
the annual settlement period for corpor-
ations and preparation for the special
demand for money which will be made
by it upon the supply. Sterling rates
again advanced to-day in New York,
Paris and Berlin, notwithstanding q
further easing of the rate for call mon
ey at the English centre. The New
York rate is noW within fraction Of
the gold export point and it is payable
that only stiff rates for money in the
local market will hold it below that
point. The closing of the stock mar
ket was generally easy and near the
low point.
Prices Of bonds declined in sympathy
with stocks. Total sales par value
81 ,260,00e
United States new As and old Is reg
istered advanced Il and do. coupon and
IS * in the bid price. The rs declin-
ed H.
Atchison ............. ................... q
Do. preferred OBSERVATION-DISCLOSURES. 6iA
Baltimore and Ohio Observation-Disclosures. 557s
Central Pacific OBSERVATION-DISCLOSURES. :.
Chesapeake and Ohio .................. 2Ss
Chicago Great Western ;.......... l4$