Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-08
Mexican dollars, 471sc.

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TO coupons observation-disclosures. pa
u. S. rs registered. ....................18 0
Z: S. IS registered. .....................-.l0
DO coupons :......'..-''..'..iioo
DO coupons .........; ........-..'..''.''iS9 Ia =
L. S. old Is registered. .......,........nfA
do coupons .............. .....,.. -...''IioH
u. S. IS registered. ...............,......u SA
Do coupons .....................s'.. ..uolt
Government bonds weak.
State bonds strong.
Railroad bonds irregular.
Stocks-Absolute stagnation char
acterized the stock market to-day. BY
comparison with yesterdays the tone
was firm but that was only because
the bears somewhat over extended
their commitments on the short side
yesterday. 1t was evident that the
late selling yesterday was based upon
the expectation that selling by London
this morning would offer an oportun-
ity to get back stocks at lower level.
London did in fact sell stocks here on
moderate scale, but the demand from
the shorts was sufficient to overcome
the decline and to make some show of
strength in the market. The bulls
attempted to stimulate the movement
by bidding the coalers on vague talk
of further comprehensive traffic agree
ments. This manoeuyere proved inef-
fective and the market relapsed to
about last nights level and never got
far away from it again in either di-
rection New York Air Brake was
rushed upward 212 points on talk of
absorption by the Westinghouse COM
pany. 1t saved five points net gain.
In Sugar there was a demand from an
uneasy short interest which had been
over-extended during the decline OF
the last few days and the stock gain
ed point net. The loaning rates on
stocks disclosed the existence of quite
large outstanding short interests
well distributed through the list. In
the entire lack Of animation in specula-
tive spirits, the professional traders
are disinclined to further commitments
on short side. There was no further
evidence to-day of the selling through
commission houses, which was called
outside liquidation. The incidents of
the day, taken in themselves, indicat-
ed declining values for securities but
these incidents had been anticipated
and therefore the moveemnt of prices
was discontinued.
The iron stocks were rather firm on
the supposition that the cut in prices
has brought step nearer the resump-
ton of the expected buying demand.
Many alarmist reports were current
concerning the Northwestern crop.
The continued heaviness of foreign
stock markets on account of the COM
plications in China had a sympathetic
effect here. The selling of stocks for
London was sufficient to cause a frac-
tional advance in cable transfers on
London. The weekly statements of the
foreign governments banks disclosed
a conservative policy still in force.
The Bank of England returns shows
only 100000 In loans repaid to the
ban in spite of the disbursement of
government deposits to the amount of
over 9S,000,000 and prevailing pri-
vate rate of discount well below the
bank rate. AS the bank is still losing
gold for export, the governors re-
Trained from reducing the rate of dis
count. The Bank of France has re-
sumed its policy of both note and loan
contraction, which was interrupted
last week, and in spite of gain in
gold of S2,720000 it has decreased its
note circulation over $4,000, 900 and
contracted its outstanding loans over
$4,000, 600. In Berlin there were
forced sales of mining shares and
reflection of the same policy of re-
trenchment. In New York, on the
contrary, money continues in very
light demand and. increasing supply.
The bond market was quiet and ir-
regular. Total sales par value, ST.
$50, 1000. All u. S. issues declined u
per cent in the bid price except the Isl
<eSSA'Sou ...e.. 25Sk
70 preferred ........ 72lA
Baltimore and Ohio ...................... 70
Canadian Pacific .....:.........,....... IS