Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-05-26

L. S new As coupons. .1341s
c. S. old As registered. ................ ll5s4
y. s. old As coupons. .llSs4
Y. s. 5s registered. .................' '''1loA
L, 5. 5S coupons. 'iAoS4
Commercial bills $4S4@4.S4A.
Silver certificates 60@61c.
Bar silver 60Bc.
Mexican dollars 471Ac.
Government bonds strong.
State bonds inactive.
Railroad bonds irregular.
Stocks-The stock market continued
intensely dull to-day. There was 40
appreciable outside demand, and pro-
fessional traders preferred to hold
aloof pending more definite develop
ments regarding the affairs Of Price,
Mccormick & Co., whose failure was
announced yesterday. There were not
many transactions under the rule on
the exchange to-day for the firms ac-
count, but there were indications of
large transactions in accordance with
private settlements Thus in the early
dealings, there was a sale of 5000 share
block of Atchison preferred, the same
house being both the buyer and seller.
There was also a report current that
very large repurchases were made for
Chicago account of blocks of stocks sod
yesterday for the failed firm. The
Atchison transactions were explained
as being a mere transfer OF an account.
These operations doubtless represented
the progress of a settlement of the
FARMS affairs. The prices at which
they were made indicated that the buy
ing in Of the stocks was intended to be
at about last nights closing prices
The fact that such settlement could
be secured helped to sustain the mar
ket, and prices ruled for the greater
part of the day at or above last nights
level, in spite of the almost stagnant
condition of the market. Later in the
day the sustaining influence was less
effective and prices generally declined
DSlOW luOI llSuI lCNCIs AZ IuC o1luE
time rumors were disseminated that
other houses were in financial difficult
ty, but nothing developed before the
close to warrant these rumors. The
undertone Of the market was rather
depressed. in spite of the support. The
extent of the failure affected senti-
ment adversely and the collapse of the
corner in cotton was looked to as
materially altering the prospects of the
cotton section, owing to the decreased
price of the article. It was pointed out
that the invariable' result of such eff
forts to establish abnormally higher
prices is a relapse to abnormally low
prices The disposition manifested in
Liverpool to extend the bear movement
In cotton instead of turning to the bug
ing side with the decline, disappointed
some expectation. The prospect of a
large increase in the cash reserves Of
the banks in to-morrow's bank state
ment seemed to increase rather than
relieve the depression.
Preliminary estimates of the curren-
cy movements with the interior indi-
cate that the banks have gained from
that source over $4,000, 900, or about
twice as much as last week. The indi.
cation thus afforded of further de-
elmo In ix-ifx y
preston, especially as money in New
York is becoming almost drug in the
market. The call loan rate to-day fell
to III per cent. and choice grades OF
mercantile commanded as low as per
cent late in the day. The reduction
in the official discount rate of the Bank
of France, following that of the Bank
Of England yesterday, reduces the at
traction for the loaning of American
capital in foreign markets. In spite
Of the easier money rates abroad, there
was no disposition to buy American
stocks for that account.
The bond market continues dull and
The changes in prices were small and
mixed. Total sales par value $780,
coo.
United States refunding Is (when is
sued) advanced ", IS registered and
IS u, and old is Is in the bid price.
Atchison .. " 25u
Do preferred - . sos
Baltomire and Ohio........ ............ rs