The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-01


Government bonds weak. !. (.
State bonds inactlye. 7ip & lGi
Railroad bonds firm. NHirp ltfastta
Some animation .wasNgiven toil the
closing dealings In the stock market to-
day by the conflicting movements OF
prices engendered by the upward squirt
In Union Pacific and the realizing in
Sugar. The break In Sugar proved the
more effective in its influence and the
market closed weak at about the low
level Of the day, after having shown
considerable gains In manyast0eks at
an earlier period. The trading was dull
and continued early In professional
pans. The early strength was reflected
to some extent from the foreign stock
markets which showed decided relief
over. the reliable tenor of the news OF
the safety Of the ENJOYS in Pekin. The
small commitments on tlle.ia bear side
put out yesterday were closed up help
Ing the rise. A number oftstatements
OF railroad net earnings, for June pub
llshed over night We're factors Of
strength. This was notably true OF the
Pennsylvania report, on account OF the
amount of territory. covered by, its lines
and the exceedingly varied character
OF its traffic. which make, its state
ments valued as accurate reflections OF
general conditions In the railroad
world. The stock of the company ad-
fanced IL under this influence and the
price was well held through the later
yicissitudes OF the market affording q
rather striking contrast to the indiffer-
ence with which June reports OF Some
other railroads were received. The
large net Increase shown by the Atchi-
son system did not avail to hold the
stock, and Burlington, after rising 4
sharp fraction, fell below last nights
level on realizing when Its statement
appeared. The . per cent seWi-unnuat
dividend on Union Pacific tihhd been
counted upon with certainty Oh ac-
count Of the character Of the promises
dIately followed by large and aggress-
i've buying for inside interests. which
carried the stock up rs per
cent. This stock was innectlve
in pulling the rest of the list.
of which the high level of the morning
served to renew yesterdays realizing
movement. Sugar fell abruptly to 1909
an extreme decline of 4. and American
Tobacco suddenly dropped points in
sympathy, Metropolitan showed mark
ed weakness. and the whole list fell to
the lowest. Union Paciisqy yielding =, a
fraction. There was some evidence Of
speculative contest between the
friends of Union Pacific and Baltimore
& Ohio, on account 70 the attempts on
bears on Baltimore & Ohio to draw
unfavorable comparisons between the,
price of Union Pacific, with dividends
declared ut the rate of 4 per cent and
Baltimore & Ohio with dividend action
yet TO be taken. Brooklyn Transit
continued rather active to-day, bu. the
movement was not wide ard the stock
saves fractional net gain. There was
slightly firines tone to sterling -ex-
change to-day, in spite OF a shading of
London discount rates. The question Of
gold exports this week remains unde-
cided with to-day's conditions against
the probability.
The bond market was tlrmer to-day,
but very dull. Total sales par value,
$50? 600. - ''"a soy
United States refundlnE IS when Is
sued declined ", and the IS, old As and
IS 4 per cent at the last call to-day.