Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-19
Bar silver Size.
Mexican dollars 48Hc.

Do. coupons Observation-Disclosures liza
Government bonds Irregular
State bonds inactive.
Railroad bonds irregular.
Stocks-The bull party desisted from
their efforts to advance prices to-day
and the recent appearance of activity,
due to their operations, promptly gave
place again to something near to stag
nation While the pressure to realize
was not severe, it was evident that the
recent demonstration buying by the
bull party has failed utterly to attract
any demand from outside sources so
that no market is offered for the TAX
ing of profits. It is not difficult to
foretell what would be the effect, under
these circumstances, of the selling out
of recent speculative purchases. APP
parently the principal reason for the
cessation of bull manipulation was the
demonstrated futility of the attempt
to attract outside buying Predictions
of dividend action on B. & o. are SO
far discredited that that stock went
backwards to-day and even Union Pa
cifc, which has been advanced by much
more aggressive management, fell back
almost as much, the latter losing IA
net and the former 13B The increase
in the dividend rate of Illinois Central
apparently did not add to the credence
given to predictions of other dividend
increases. Yesterdays violent rise of
four points in Pacific Mail and the
strength of the Pacific railroad stocks
was more fully explained by to-day's
detailed reports of the chartering of
steamships in the Pacific by the u S.
government and in the Atlantic by the
German government for use in the Pa
cific to transport military supplies to
China. But the inviting prospect thus
offered of lucrative traffic for the trans
Continental railroad lines was Offset
to-day by some other considerations
of the results to accrue from war in
China. Wall street has not given much
attention hitherto to the check in ex-
port trade in Textiles caused by the I'M
settlement in China. The uneasiness
caused abroad by the reports of Boxer
inroads upon Russian territory brought
sales of securities in New York for
foreign account, and reminder that
forced liquidation abroad might throw
considerable burdens upon the New
York stock market. The days ship
ments of. gold were a reflection of the
money needs of foreign markets which
are not unlikely to grow acute if the
government expenditures for war pre-
paration should become large To-
days engagements, amounting to ST.
100000 were more than a million less
than was anticipated. A further sharp
advance in sterling exchange at Paris,
q reduction in the Bank of England's
price for American eagles and a slight
decline in the London rate of discount
as well as softening tendency in the
local exchange market were all devel-
opments toward lesSening of the at
traction at Paris for gold. An advance
in the Bank of England rate of dis
count tomorrow is not felt to be so
certain now as yesterday. The immed-
late continuity of the gold export
movement is thus felt to be in some
doubt But if military operations are
to be carried on in China, the needs
Of foreign governments for capital will
pretty certainly converge upon New
York as this is now the cheapest money
market in the world. But uneasiness
Is caused by the conjecture as to the
effect upon the New York money mar
Set when the interior demand for NOV
Ing the crops is added to the foreign
demand. The money market in New
York continues very dull but funds for
time loans for the longer periods are
scarce.
.Ahe bond market continued very dull
and the fluctuations were uneven. To-
tai ales par value ss05,000. U. s. reg
istered declined u and the new As Il
In the bid price. The IS coupon ad-
vanced Il and the old As u per cent.
Atchlson ACKNOWLEDGEMENTS. 25Is
20 preferred ....... .....----..--..e-- saiz