Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-05-16
Mexican dollars 471ac.
Government bonds strong.
State bonds inactive.
Railroad bonds firm.


State bonds inactive.
Railroad bonds firm.
Stocks-Operations in the stock mar
ket continued to be left largely to pro-
fessional hands to-day. The movement
was exceedingly irregular and confus-
ed all day. Generally speaking it could
fairly be said that railroad stocks were
firm to strong while the industrials
were weak. This distinction was OBJ
vious at the opening of the market
and the days trading tended rather to
emphasize it, except that the democrat
izing tendencies in the steel industrials
ultimately affected the whole list and
dragged back even the strongest of the
railroads. There was brief show of
strength after the opening by Federal
Steel and Steel & Wire, probably on
covering of shorts sold in yesterdays
break, but in the late trading these
stocks as well as others of the group
fell to the lowest in the present
movement, The extreme declines
ranged all the way from / to nearly 6
points the latter Tennessee Coal There
was no definite news to account for the
weakness, but rumors were plentiful
that dividends would be reduced or
passed and that further deep cuts
were pending in the price of the out
put of the largest competitor of the
steel companies were stocks are dealt
in on the stock exchange The dec
laration of first dividend on the the
common stock of the National Tube
and the reports of the reopening of
sundry mills had no effect in checking
the decline. Among the notable ex-
ceptions to the weakness in the indus
trial department were the group of
New York City stocks, including Amer
lean Ice. Consolidated Gas led in the
rise of five points and the local trac-
tons responded. A meeting of direc-
tors of the American Sugar Refining
Company caused an uneasy demand
from the shorts which lifted the stock
at one time "a. In the railroad list
burlington continued in good demand
at an extreme of rs in spite of denials
of the refunding plan.
The granger group and Western rail-
road stocks were most benefited in
sympathy and showed good advances,
IN spite of reports of declining traffic,
both east and west bound. There was
said to be large buying for account of
an outstanding short interest in the
west in the railroad list. The inter-
national department was helped by
some buying for London on account.
where prices rallied on easier money
and the encouraging war news. The
relief to the London money market
afforded by the receipts of Russian
gold arouses the hope that no immed
late demand will be made on New
U I
influence in the days strength in our
stock market although it is expected
that further shipments will be made
TO Paris by Thursdays steamer. The
statement of the April foreign trade
OF the United States disclosing a
maintenance of extraordinary favor
able conditions have elevated some
what the evidences of the continued
reaction in interior trade The mar
ket closed heavy and unsettled by the
break in the steel industrials. the rail-
road stocks holding only a part of
their gain.
The bond market was not active.
but prices were held we'll sustained.
Total sales par value $1,075 900.
United States refunding IS when is
Bued advanced Il and the Is and new
is Il in the bid price.
Atchison ...... - = o47s
70: preferred c:.:....................... 691s
6altlInore ana ONO ACKNOWLEDGEMENTS. 74A
Sanadlan racine ........................9 81
chesapeake and Ohio .................. 27A
SShiicago 15reat western ...:........,. 12A
Chicago, Burlington and Quincy. .125E
Chicago and Eastern Illinois loo
Chicago and Northwestern 15S15
Delaware and Hudson ............113-
Delaware, Lackawanna and Western. no
LIZ .'... ......-.............. 121s
Do. first preferred ............... Sc