Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-05-25
Mexican dollars 471bc.
Government bonds strong.
State bonds inactive.

Government bonds strong.
State bonds inactive
Railroad bonds irregular.
Stocks-Interest was still further
CONSTRUCTED in the stock market this
| morning and the market had fallen
near the point of stagnation when pre-
monitory symptoms began to appear of
| distress on the part of the speculative
| interests. The market sold off sharp
ly on a larger volume of dealings than
for some time past. This was explain
ed soon after noon by the announce
ment of the suspension of Brice, Nc
CoPmick & Co., which was made first
on the Cotton Exchange and afterward
from the rostrum of the Stock Ex-
change. According to the rule of the
| exchange the suspension was followed
by the closing out of the standing con-
tracts of the suspended firm on the
floor of the exchange. The rest of the
day was practically devoted to this SELL
ing and buying under the rule, other
operations being almost entirely given
over. The dealings for the firms ac-
count footed up to 1880 shares before
the close. A heavy outstanding short
account was in evidence in the settle
ment and the movement of prices re-
sulting was exceedingly confused and
irregular. In many stocks for which
there was little market the forced sale
caused some sharp declines and the &C
tive railroad list was at. one time from
l to 2 points off from the best The
Steel stocks were also much affected.
There were decided recoverieS from the
lowest prices and the closing, while
almost stagnant, showed the net losses
in the railroads generally reduced to
fractions. The failure was primarily
due to commitments in cotton and the
violent decline in that staple of the last
two days was the cause of the firm S
difficulties. Sugar continued the most
active stock in the market and moved
in feverish and erratic manner all
day. Its extreme net decline was "a
and it's loss on the day is rs. The
movement of the stock was not &C
companied by any news and seemed
purely speculative in character. The
steel stocks were depressed by the
rather discouraging view expressed by
the Iron Age of prospects in the trade,
that authority advising a sharp cur
tailment of production. Rumors cir
culated during the day that the Hi
nois Steel Companys plant at Joliet,
Ills, was to be closed down. The pros
pect thus offered of possible reduction
of buying power in the community and
OF probable strikes and labor trouble
caused rather acute uneasiness. A
break in lake rates on grain renewed
the fears that railroad rates could not
be held, although the railroad earnings
reported showed good increases, st.
Paul being included. The reduction in
the Bank of England rate of discount
was expected and produced little effect
either in the London stock market or
here. Rates for money continue very
easy and the passage to-day of checks
for $50 100000 through the clearing
house for the Third Avenue bond pay
ment caused not even a ripple. The
proceeds are supposed to have promptly
redistributed among the banks. In
view of.the foreign exchange situation
and outward movement of gold much
interest attaches to the question wheth-
er Liverpool will buy cotton heavily
after to-day's severe break while the
Liverpool exchange was closed for a
holiday. A feature of the day was a
sale of Standard Oil in the outside
market at sec, compared with $50 yes
terday, which was then the highest
price on record. The bond market was
exceedingly dull and changes were mix
ed. Total sales par value s1,360000.
United States old As advanced IS, and
5s new coupon As and IS coupon "A /,
and the Is Is in the bid price.