Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-08-07
Bar silver 607sc.
Mexican dollars 1880.

u. y.
DO coupons Observation-Disclosures.
Government bonds weak.
State bonds firm.
Railroad bonds irregular.
Stocks-The early dealings in the
stock market showed survival of last
weeks strength, but it gave way in
face of the days developments, and
the market yielded whatever gains
had been established. The final prices,
measured in comparison with the high
level of the day, show some consider
able losses and are the general rule.
The early movement was especially
notable in the Pacifcs, Northern Pa
cifc taking the lead on the theory
that it's price was not commensurate
with the level OF Union Pacific and
Missouri Pacific. Union Pacific also
continued firm. Reading first preferred
was taken in quite large amounts on
the supposition that the dividend rate
would be increased at to-days meet
ing. The stock fell back IL when the
declaration of the same rate of divi-
dend as the last was announced. Sugar
weakened on the report of the shading
of several grades of soft sugar, which
was taken to indicate renewal Of
competition in the trade. The more
cheerful feeling regarding the iron
and steel stocks which has been in
evidence for some time past, lifted
prices in that group. Colorado Fuel
was conspicuous. The preferred stock
was bid up from 120 to 125, at which
price 100 shares changed hands. The
bid price was then further advanced
to 1271a, without bringing out stock.
This stock is cumulative, and is en-
titled to 20 per cent. in back dividends
The movement is supposed to fore
shadow the payment Of an instalment
of the arrearage of dividends. The
steel group weakened later in the day.
The circumstantial accounts from Pits
burg of extensions by the Carnegie
company looking to competition with
some of the new combinations affected
the group, especially Federal Steel and
Steel & Wire. The more serious phase
developed in the Chinese situation had
some effect on the market, although
London Exchange was closed and the
influence of the news there could not
we'll be measured Preparations for
exports Of gold on Wednesday were
reported, though no definite announce
ment was made of engagements. Ster-
ling exchange rose an additional frac-
ton, but still falls short a shade of
what has been regarded as the export
point to London. The subscriptions
in New York to the new issue of Brit
ish exchequer bonds are generally re-
garded as the immediate cause of the
outward movement. 1t is evident that
sarily demand an outward movement
Of gold, as the country's very large
credits abroad would be ample to
cover the subscriptions, but the ur-
gent need of the London money mar
ket for gold may have led to some
special provision that the underwrit-
ing syndicate should provide that
metal in payment of the bonds. There
is a large demand for the bonds, as a
matter of course, in view of the fact
that the American railroad bonds of
high grade are finding their way home
by every steamer, and foreign rail-
roads and industrial securities are not
in favor of the American capital,
owing to the declining tendency of
earnings abroad. Opinion here as to
the effect on the money market has
crystallized into a conviction that no
severe strain need result. The feasible
ity of any large speculative movement
in view of the coming demands on the
money market is much doubted.
The bond market continued at a
very low ebb of activity and the move
ment of prices was slight. Total
sales par value, $4,000.
United States old As declined Il in
the bid price.
AltiHSbil ...... - q
Do preferred ....... .................. 703s
Baltimore and Ohio ................ 7415
Canadian Pacific ......... ............. STA
Canada Southern ACKNOWLEDGEMENTS. 4S5s
Chesapeake and Ohio .................. 27@s
Chicago Great Western. 107s
Chicago, Burlington and Quincy ..... 1868
Chicago and Eastern Illinois. ........... IS
Chicago and Northwes tern. ...........157
Delaware and Hudson ..................112
Delaware, Laclkawanna and Western JIG
I4liS -..'..'-. ...'......-.... ....--...... Iua4
DO hrst preferred ..................... 321e
Great Northern preferred. ..........I5
llunois Centrai -..:..... ................ .1lb9a
Lake Erie and Western. p
10 preferred -........ ................. 80
Lake Shore ..,.:-... ....................29
Louisville and Nashville ........... 707s
Manhattan L $40. ............. 90is
Metropolitan Street Railway. 1543s
Missouri Pacific ............. 81
New Jersey Central ...................129
New York Central 1881
Norfolk and Western 327a