Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-04
Government bonds, strong

:.
Government bonds, strong
Stocks-There was an Obvious effort
this morning to continue the manipula-
ted advance in prices which was set
on foot yesterday by clique of profess
sional traders. The attempt met with
considerable success or time, assisted
as it was by special Influences affect
ing one or two individual stocks.
There was an active revival of old and
neglected rumors concerning dividend
prospects of a number of railroads,
which have been pursuing a downward
course for some time on account Of the
general superstition that surplus rail-
road earnings would be conserved for
future needs, rather than distributed
as increased dividends. Principal in
this class were b. & o. and Missouri
Pacific, which were advanced about
point or over by an active bidding UP
process during the morning There
was continuance of the recent unex-
planned demand for the Reading and
New Jersey Central stocks, the latter
rising at one time points. Sugar rose
with an appearance of strength, but re-
lapsed on realizing with the announce
ment of further rise in the price of
the product Brooklyn Transit derived
so"eN benefit from yesterdays verdict
in - trial for conspiracy to discredit
the securities of the company.
The early depression from London,
where the growing seriousness of the
problem in China had it's effect, seemed
to be totally ignored in this market
and had no influence in checking the
opening advance. Not so with the in
fluence of the wheat farket, which
again demonstrated its dominting pow
er on stocks. When prices of wheat
We're seen to advance railroad stocks
turned downwards and found no effec-
tive support for the rest of the day.
The general level of prices fell below
last night in the late dealings, but
there were some stocks which retained
small net gains, though much dimin-
ished from those at the high level of
prices.
Although the advance was checked,
the gains which were secured in yester-
days movement were not very largely
encroached upon.
The market during the latter part of
the day was dull almost to the point of
SeoShhtioh, llelS USlLS no disposition
to put out fresh contracts on the eve of
the holiday. Rock Island was added to
the list OF railroads whose increased
operating expenses for May have more
lhan wiped out the increase in their
gross earnings. The money market was
very dull and not quotably changed. but
the diffusion of interest and dividend
payments has evidently commenced.
The sub-treasury had a debit balance
at the clearing house to-day of nearly
Sz,eO0,OOO, and the days excess of ex-
pend1tures over receipts of the public
revenues at Washington amounted to
S2,372,1SS. These figures reflect the
payment of interest on government
bonds 1t was reported that the Cana
dian bank OF Commerce was in receipt
OF 100000 of Klondike gold.
On the other hand, New York ex-
change at Chicago fell from 20 cents
premium to par, and there was deposit
ed at the sub-treasury here 100000 for
payment at other points. The interior
demand for currency is thus seen to be
growing.
The bond market moved in sympathy
with stocks, advancing in the early
dealings, but yielding somewhat with
the reaction in stocks. Total sales par
value 100000.
United States old As and new is adj
vanced Il and the IS and IS Il in the
bid price.