Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-10-12

Dbl SllFCI, uoN.
Mexican dollars, 50Ac.
T.. 5. r%efunding Is when issued reg. 1873
Do coupons 1854
Do coupons .lvS12
T.. new as coupons...-...............-i39 1922
u. S. old As registered.........-.-.-..Ilft2
Do coupons .Ilit2
q. s.. 5s registered. ,t..i,o4
Do coupons
Government bonds weak.
State bonds weak.
Railroad bonds irregular.
The stock market fell into a condi-
ton approaching stagnation during the
| latter hours of the trading. The I'M
| dertone was heavy, the dribbiing OF
selling orders finding no support What
ever. The trading between the board
members made UP the whole market,
and owing to the relative dizziness or
the general market, the movement n
Peoples Gas was made conspicuous
The pressure against the stock was
continued early in the cay, but the
| bears, who have sold the stock contlnu-
ously for some time past, became dls-
uuieled later in the Gay over the eX-
tent of their commitments, and a
vague suspicion thai the 5as wal IN
Chicago was not as ~relenting as made
to appear on the surface. Inc pub
lished report that the Ogden company
was buying its additional equipment
from sources dominated by interests
friendly to the Peoples Gas Company
was the cause. From S15s as the low-
est point, the stock forged steadily up
wards to S5%, with symptoms Of in
creasing urgency in the buying demand
from the short interest. The close was
at the highest point, with a net gain
of IS. Nothing could more striklngly
illustrate the inertness Of the general
market than its utter failure TO re-
spond to this rather sensational move
ment. The dullnesS at the close was
unrelieved ana the days net changes
were mixed and entirely insignificant.
The money market showed a rather re-
dictionary tendency, 3h per cent, rep
resenting the maximum rates, COM
pared with 4 per cent. yesterday. Late
in the day the rate ran down to 1$s per
cent, but as this came after the prln-
l.cipal demand had been satisfied, it
was o. considered as a fair index or
the ruling rate. Deposits at the sub
treasury for transfer to the interior
fell to below a quarter Of a million
dollars, the movement to New Orleans
and st. Louis being merely nominal.
Foreign exchange also steadied this
morning, but fell away again in the
afternoon with the news that the price
Of gold in London had been advanced
another half penny an ounce for both
gold bars and American eagles. The
rise in gold neutralized the action Of
the governors of the Bank of England
in -retaining the discount rate at 4 per
cent. The weekly return of the bank
also shows that the failure to advance
the rate is probably a temporary pol
icy, having consideration for the need
of the home market rather than indi-
eating a belief that the demand for
gold from New York does not need
further assistance. The conviction re-
mains general in Wall street that con
siderable gold will come from London
later in the fall, thet is supposing the
extraordinary movement of cotton and
the resulting demand for currency
from the interior continues. To-day's
lull in the currency movement is con
sidered only temporary, and the days
quiet market for cotton after yester-
days fall in prices is regarded as only
a coincidence, but these incidents are
suggestive Of the dominance of the
cotton movement over the whole money
and financial situation at present. Any
considerable reaction in the price of
cotton or any marked falling off in the
foreign demand, even at present prices,
would promptly alter the whole OUT
look in the international money mar
kets.
Business in bonds vas very small,
and prices changed irregular. Total
sales par value, $685., 900.
United States new As declined Is per
cent. on the last call.