Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-05-08
bdI SIIF6T % I8C.
Mexican dollars 47bc.
Government bonds irregular.
State bonds inactive.
Railroad bonds easier.

Stocks-There were several points
of weakness in the stock market to-
day and these were sufficient to turn
the room traders to the bear side OF
the market The operations of these
professional elements were the only
ones apparent outside of few stocks,
and they reflected no conditions or
even well established opinions regard
ing the general outlook. The demand
for stocks continued quite insignifi-
cant, so that the moderate offerings
in large part for the short account OF
room traders made an impression
easily upon prices, but the decline
failed to induce any liquidation and
prices readily rallied when the bears
came to cover. The steel shares were
the most conspicuous in the trading
and were weak from the opening. The
reported closing of mill of the Fed
eral Steel Company induced the early
decline which was languid and slug
gish. The announcement of the res
ignation from the board of directors
of the American Steel & Wire Com
pany for the Seligman representatives
and their statement of irreconciliable
objections to Chairman Gates and his
policy, caused a sharp further break
in the steel group, in which the Fed
eral Steel was rather more affected
than steel and wire. Pressed Steel Car
and American Smelling were eXcep-
tons in the group, the former rising
over point. Long Island broke
sharply after its recent notable adj
vance on the absorption of Pennsyl-
vania and closed 91a points lower than
Saturday. The bonds of the company
were also heavy. The reaction was
attributed to speculative proft-taking
and occurred on comparatively small
dealings. In the railroad list st. Paul,
Pennsylvania, Union Pacific and Bal
timore & Ohio had rather a wide fall
on what looked like letting go of
speculative account. There were
heavy blocks offered of all these.
There was a slight show of strength in
spots at the opening in response to
London's encouragement over South
African news, but the rise was but
momentary. The rally after the break
In the steel stocks was not we'll held,
the members Of that group generally
falling again to the lowest at the close.
which was heavy throughout. Gen
eral Electric advanced nearly three
points in the morning, but saved only
one point on the day. The money
market continued very easy and fur
Their gold exports to Paris are ex-
pected. 1t is not believed that any
gold will go to London in the present
conditions and at present level of ex-
change, which declined to-day both for
sterling and for Paris cheques. Es-
Inmates Of the amount to go on Thurs
day TO Paris run up to 100000, but
no announcements were made to-day
of engagements. The bear traders
during the day protested uneasiness
over the gold movement as we'll as
over labor difficulties at various
points, the tendency of the presiden-
tial campaign and the reactionary
course of business which they argue
must have its effect on railroad earn
ings.
Railroad bonds showed yielding
tendency, in sympathy with stocks.
Total sales par value s1,735 ,000
United States new IS advanced 81.
and the refunding Is when issued, and
DID As declined Il in the bid price.