Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-02-24
Mexican dollars 47Ac.
Government bonds buoyant.
Railroad bonds weak.
Gtata hnndos ctna,,o

Railroad bonds weak.
State bonds strong.
Stocks-There was light accumu-
lation of orders over the holiday
which were expected in the stock
market at the opening this morning
for outside account. Arbitrage brok-
ers bought stocks on small scale for
foreign account, to cover sales made
in London at the higher level, Undue
ed by the rumor which found credence
ON the other side of the surrender Of
the Boer general, Cronje. There was
continued absorption on a limited
scale of the stocks for some Of the
railroad companies which have shown
extraordinary increases in earnings
during the week and to which was
added to-day the Northern Pacific,
with an increase for the second week
In February of $139,3GS, or II per cent
Western New York and Pennsylvania
OF the bitiminous coal group showed
an increase of 3S per cent. But even
at the opening pressure was manifest
against individual stocks amongst the
specialties, which served to unsettle
the market and eventually to turn the
tide in favor of the reactionists. Con-
opening in Third Avenue. PEOPLES
Gas, Leather and Sugar. AS the day
progressed, other stocks came under
pressure and the group above named
showed some recovery. The iron and
steel group were the first affected by
the spread of weakness, Tennessee
Coal dropping an extreme points and
American Hoop, National Steel, Tin
Plate, Federal Steel & Wire, Colorado
Fuel and Republic Steel from l to 3
points. Later the announcement of
the dividend on Consolidated Gas at
the reduced rate established since the
local war was in effect led to a raid
on that specially with a resulting loss
of 4A. Rubber preferred lost nearly
points, Metropolitan AZ, Glucose 80
and Brooklyn Union Gas 21a. Third
Avenue fell in the final dealings to the
lowest of the day, showing a decline
of several points net. These violent
declines had a sympathetic effect on
the general list, especially on the
Granger and Trunk lines and declines
in the railroads were extended to a
point or over in many cases. Fears
that the cutting of rates on grain
would lead to decentralization of freight
rates had an influence. Approximations
of higher money also had to do with
the decline. There was slight ral.y
on covering of shorts by the bears and
in sympathy with rise in Reading
first preferred to 59ss. This made the
closing firm, but at net losses in prac-
tically all classes. Preliminary esti-
mates of the movement of currency by
express to and from the interior in
dictate an increase in the shipments
by the banks but a still greater in
crease in their receipts so that the loss
on the interior movement is believed
to be less than half million dollars.
Receipts of money by registered mail
are said by banking authorities to be
sufficient to more than Offset this
Losses by the banks on sub-treasury
operations for the week foot I'D 3.0S4 :
000 For some reason the opinion pre-
walls that the loan expansion will show
considerable falling off from the re-
cent rate of increase. More or less
mystery still attaches to the phenom-
email increases in loans of last week be-
fore and the disposition grows to at
tribute them to some special opera
tons. But further decline in sur
plus reserves of several million dollars
will inevitably be shown by to-mor-
rows bank statement.
The bond market showed decreased