Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-09
Mexican dollars 47Ac.

Y. s. new Is registered. .1361a
Y s. IS coupons. ....-: ...................l 5o12
y. S. old As registered. III 12
u s. old As coupons. ....................llS 12
Y. s. IS registered. ................ .ll61s
Y. s. 5s coupons. ....uo74
Government bonds weak.
State bonds strong.
Railroad bonds firm.
Stocks-The market was practically
relieved to-day of all disturbing fac
tors in the way of acute weakness OF
special stocks. Reports all continued
favorable regarding the outlook for
values, but the demand for stocks was
almost unappreciable. Even the small
buying for investment, based on large
earnings of railroads which has been
in evidence for some time past, drop
ped out of sight to-day. Spectators
are refraining entirely from commit
ments for the advance. On the other
hand the bear operators of any con-
siderable calibre seemed to become dis
couraged by the futility of their efforts
and the elimination of events counted
upon for reaction. They made some
demonstration against Peoples Gas,
Consolidated Gas and Metropolitan
Street Railway, but no effect was pro-
duced on the general market. The
room traders labored in vain to set the
sluggish tide of prices in motion. In
many stocks the price changes were
scarcely sufficient to cover a brokers'
commission, and the inertness of the
market increased in proportion to the
distance from last nights level, the
tendency being to come back to that
level from either below or above it.
The iron and steel stocks were gen.
orally firm on the encouraging opin-
ions expressed by authorities in the
trade. The maintenance of the st.
Paul dividend at the existing rate
found no response in the market, as it
has been fully foreshadowed by the
large absorption of gross earnings in
operating expenses. The reported
agreement of western railroad presi-
dents on recommendations designed to
harmonic differences over freights,
the determination to advance blum
nous coal rates to the lakes and addi-
tional gains reported in reailroad earn
ings were all without effect on prices.
The published report of a proposed in
crease in the next dividend on the pre-
ferred stock of Pittsburg, Cincinnati,
Chicago and st. Louis was met by a
drop in that stock of 31a points. Rio
Grande and Western was notable for
jump of nearly eight points. There
was continued debate and apprehen-
sion over the capacity of the money
market to get through without a pinch
to the period of relief by the operation
OF the currency bill when the possibil-
ity was canvassed of action by the
trade to resume the deposit of internal
revenue collections with the banks, but
no authoritative sanction was given
for such possibility. The absorption
of funds by the New York sub-treasury
since last Friday had already reached
$5,631, 900 up to the close of business
last night. The total revenue surplus
taken up by the government since the
first of the month up to the same date
amounted to only $2,O66,245. The spec
ial drain thus indicated upon the New
York banks is due to the large Gus
toms payments by importers. Imports
ct present are running very high as an
incident of the active demand for COM
modities and the payment of the du-
ties is diverted from the New York
banks into the sub-treasury. The de-
mand for loans for purchase of gov
eminent bonds continues large. These
two factors threaten the early obliter-
alton of surplus reserves of the New
York banks.
The bond market was not so active
rs yesterday but prices were firmly
held. Total sales par value 1880 900
United States IS declined Il and the