Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-08-08


U; S. IS registered. ....................lll22sa
DO coupons ...-..... liza
Government bonds weak.
State bonds inactive.
Railroad bonds irregular.
Stocks-The recent disposition to re-
frain from operating IL stocks and to
await a clearer development of the
prospect was reinforced to-day by the
extreme heat, which reached a level
inducing prostrations on the floor of
the exchange. With the exception OF
the occasional execution of orders in
few stocks where special causes We're
at work, the list was almost wholly ne
elected. During the early part Of the
day some considerable declines were
established, but when the room traders
came to close UP their contracts the
losses were in large part wiped out.
The most conspicuous individual
movement was in United States Rub
Der, which jumped 33s from the early
low point not long before the close.
Punishment was visited as a result up
On the short interest which rushed TO
cover, making some show of animation
in stocks Northern Pacific's large in
crease in earnings for the fourth week
in July brought realizing and the
grangers were heavy on the weather
buerau's weekly crop report, showing
need of rain in the corn belt. The
steel stocks sagged in the further re-
duction in the price of iron warrants.
Some of the recently inactive stocks
showed wide declines, including Chi
cago Great Western, Lake Erie &
Western, Iowa Central and the local
traction stocks. Some of the early
selling was based on the beginning of
the gold export movement. Engage
ments amounted to only about S2500,-
000, whereas the estimates yesterday
pointed to S4G00,O00 or upwards. Re-
ports from London were that the bank
OF England was now giving special IA
cilities TO attract gold from New York.
Otherwise it is not probable that gold
would have gone out at to-day's figure
for sterling The demand rate for de-
mand sterling fell back a fraction as
a result of sales of bills again gold
exports. 1t is announced, however,
that more gold will go out Thursday.
To-day's shipments are supposed to
have been to cover the deposit, the 5
for the British war loans. American
I subscriptions are credibiy reported to
have exceeded $50,0000G0 or the en-
tire amount of the bonds offered. The
allotment by the British exchequer of
$4,000, 900 of the 100000 issue for
the United States would therefore in
sure American bidders about so per
cent of their applications. Future
payments are required on August Is of
20 per cent, on September IA of 25 per
cent, on October Is of Is per cent, and
on November Is of % per cent, the
bond being issued at SO. This would
make it feasible to distribute the re-
mittance over a considerable period,
but there is also a provision that the
instruments may be paid in full on or
after August 10, under a discount at
the rate of 3 per cent No information
can be obtained as to how remittances
will be made and this confuses the es-
Inmates as to the future effect on the
money market Gold continues to ac-
cumulate in New York on payments
by the sub-treasury to the banks of
drafts on the account of the gold de-
posted at Pacific points. The banks
have gained from the subtreasury
since Friday, $2.682000 on this ac-
count. The money market is there
fore little affected by the gold exports.
The London money market must
make provision this week not only for
100000 pounds for the deposit with
subscriptions to the new war loan. but
must provide also a G2,500,000 install
ment on the former or Khaki loan.
Whether the bank of England can
avoid an increase in its discount rate
this week is a matter of interested con-
lecture in its influence on the future
gold movements.
Bonds were dull and irregular.
Total sales, par value, $625,000. U.
S. IS declined II in the bid price.
Alchlson ........ ...........'...''.'.''.. 70 z
10 preferred ..,.............. ava
Baltimore and Ohio OBSERVATION-DISCLOSURES. 4ls
Canadian Pacific Observation-Disclosures. STA
canada southern ........ .............. 4S14
Chesapeake and Ohio ,>................ 2f1a
chicago Great Western ............... l0ts
Chicago Burlington and Quincy......1 26A
Chicago and Eastern Illinois .......... 30
Chicago and Northwestern. ........... 157i2
Delaware and Hudson .................112
Delaware, Lackawanna and " eStern.1
Erie ...... OBSERVATION-DISCLOSURES. 1854
10 hfsl preferred .'.................. ga
Great Northern preferred .............152
Illinois Central ......... ............... .1l63s
Lake Erie and Western. ................ 26ia
DO preferred ........ ................ ~
Lake oIlore ...-....- .....-..............ZU9
Louisville and Nashville ..-............ MS
Metropolitan Street Railway. 155ls
Missouri Pacific ACKNOWLEDGEMENT. sos.
New Jersey Central ................. 2gs1
New York Central ...................l2S 15
Norfolk and Western .................. S4ls
DO preferred ......... .........-....... II
Northern Pacific ......... .............. 51s4
Do preferred observation-disclosures. ni5
PennsylYania ...........-................ 1881
AASddinS --.-..... -....-............... lbS4
DO nfst preferred ......... .......... ssh
Do second preferred ......... ..... Is
st. Paul ......... ..................111 1s
70 preferred .....--... ........lI
Southern Pacific ........ 33ss
Southern Railway ........... 105S
Do preferred 5215
texas ana Eaclnc Observation-Disclosures. HAS,
Union Pacific Observation-Disclosures. 59ss
DO preferred 75s2
Wapash .............-....... Ga
bAS-S1icu .s''.'..... ...s....s...... ~