Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-09
Mexican dollars 47aac.
Government bonds strong.
State bonds inactive.
Railroad bonds irregular.

State bonds inactive.
Railroad bonds irregular.
Stocks-The stock market started
off this morning on an apparently
prosperous and animated career or ris-
ing prices. but before the trading had
ceased this afternoon the early gains
were practically all wiped out and
level Of prices lower than Monday was
established.
Various considerations connected
with politics were an influence in the
early rise Thus the London market
was encouraged by the more cheerful
news from the beleaguered British
forces in South Africa and prices of
stocks were bid up in that market. The
Berlin market was pleased with the re-
port that Great Britain had decided to
relinquish her claims in Samoa to
Germany and one result of this was
to prompt Berlin to buy American
stocks. In this country the relief from
the uncertainties of the election time
and the hope of an easier money mar
ket prompted some large buying OF
stocks which lifted prices at the out
set. But there were large holdings by
professional operators which had been
bought last week in the faith that an
outside demand for stocks would de-
velop, and the first hour of trading
was devoted to the selling of these
holdings on large scale to take profits.
When 1t was seen that the buying de-
mand was not continuing in force, the
sagging tendency set in. Efforts were
made to sustain prices by manipula-
lion Of special stocks, members of the
iron and steel group and the prominent
high priced industrials being conspicu-
pus. The violent break in Leather and
The heavy selling of Manhattan had an
ansettling influence on the whole mar
ket and the stiffening of the money
rate and uneasiness over the future of
The money rate completed the discour-
agement of the bulls. The organized
support which has pushed up leather for
several weeks seemed entirely with
drawn, and it was allowed to drop by
successive stages to 38, compared with
40 at the close on Monday. A sudden
rally in the closing dealings brought
tba orioo I,ool- ~ 81 Manhattan had
risen to Ills when the statement for
the fiscal year made its appearance.
showing a failure to earn the increased
dividends paid on account Of the addi-
tional stock by a margin of $23S,360.
This carried the price down to 1919,
with a final recovery of only II. The
industrials showed marked sympathy
in this break, and the level of the
whole market fell below Monday, the
general rally being but feeble The fall
IN sterling exchange rates was re-
Election of the hardening money mar
ket here, but it gave no hope of relief
by gold imports, owing to the urgent
money need not only in London but at
all continental centers. There was evil
dence in addition of renewed pressure
upon New York from interior points,
New York exchange at Chicago falling
from 10 cents premium to par. New
York exchange at New Orleans also fell
to an additional discount The sub
treasury to-day showed credit bal
ance at the clearing house of over
100000. Hopes Of relief to the New
York money market from any market
were thus dissipated and the last hour
of the market saw an active liquidation
of stock holdings with very little de-
mand to meet it.
Prices Of bonds were better sustained
than those of stocks, but the days
changes were mixed. Total sales par
value s2,4S0,0OO.
United States new As and the IS adj
vanced * in the bid price.
Do preferred ............ ............... 65A