The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-01-10


81 elst0l $50. Commercial bills 81 s21t9
50. Silver certificates 5Sls @501sc. Bar
silver Soc. Mexican dollars l7stc.
Government bonds weak.
State bonds Inactive.
Railroad bonds weak.
The stock market was practically In
ert during the early part OF the session
to-day the buying demand falling to
scarcely appreelabIe proportions. The
bear traders watched this Inviting field
with longing eyes until the attraction
became too strong for them. and they
put out selling orders through the
greater part of the list. They succeed
ed in eftecting very marked declines
and bringing out certain amount OF
offerings by uncovering stop loss or
ders, but the volume Of the selling was
not important and the success Of the
bears was not due to the lIstless attl-
tude OF the public towards stocks. but
indisposltion OF insiders to support
prices. There was no positive incident
in the days event for the bears to base
their operations on. Their conclusion
was rather a negative one as to the
chance Of any unfavorable change from
the present depressing influences. For
the present It Is obvious that capital
has no inclination to move into stocks,
and 1t is noticeable that the quiet In
vestment absorption, which was a fea-
ture Of the market during the last
week in December and which continued
into the first week in January, has to
all intents and purposes, ceased at the
present level OF prices. A series Of en-
couraglng events has afforded a pretty
good test of speculative sentiment by
being totally ignored. There have been
new entries to the list Of dividend pay
ing stocks and increases are dividend
rate Of established dividend-payers.
The money situation has ceased to
cause anxiety owing to the return of
the how from domestic centres and the
cessation Of the drain on the sub-treas-
ury. Money markets abroad have
come through the crisis of the yearly
settlements and are steadily working
towards ease. 50 that the drawing of
gold from New York is now believed to
have ceased, at least, for the time be-
ing. Far-reaching accomplishment to-
wards harmonlzing great railroad sys-
TENS have been announced and disas-
trous trade wars have been patched
up according to all appearances. The
small effect produced by all these i'm
portant developments are cited by the
bear element as Indicating small hopes
for any advance in prices. There was
small opening advance in stocks in OPP
position to the heaviness in London
and in sympathy with strength in su-
CUR and Brooklyn Transit. The ale
most entire disappearance of buying
demand in spite of very little offerings
then allowed prices to gradually fall
until the active selling movement Of
the last two hours, which forced prices
easily and rapidly downward. There
we're a few feeble rallies, sufficient
cause to some irregularitY but the
tone in the main continued weak until
the close. The dividends in Louisville
and Federal Steel common were mot
announced until near the close, but the
bears counted upon their exercising an
unfavorable effect as not being up to
expectations. The possibility Of fur
Their reverses for Great Britain in South
Africa and rumors of general compiIca-
lions involving further embarrass-
ments for Great Britain were used for
effect.
The bond market was dull and heavy
in sympathy with stocks. Total sales
par value. S1,255.OOO.
United States old As registered and
old IS coupon declined Y, and the IS
coupon, new IS, old As coupon and IS
registered x per cent in the bid price.
q. s. Bonds.