Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-03
Mexican dollars 4S12c.
Government bonds irregular.

NEW YORK, July with the ex-
ception of brief period of depression
at the opening, in sympathy with for
eign quotations the stock market was
consistently strong throughout to-day
and closed with the gains we'll main
tanned in nearly all cases. While the
strength was pretty we'll diffused, the
grangers and Pacifics were the leaders
of the market both in point of activity
and strength. The news of rains both
on Sunday and to-day in the spring
wheat region, was the principal fac
tor in the advance as it was in the
decline in the wheat market. The
weekly statistics of grain traffic re-
ceived from Chicago emphasized the
influence of the news of crop condi-
tons The deliveries of grain at Chi
cago showed still further increase
over last weeks total and at $685. 900
bushels were the largest for the spring
wheat in five years, with the exception
OF the last year, from which the falling
OFF was about % per cent The re-
ceipts at primary points showed only
Ia slight decline from last weeks large
aggregate. The willingness thus
shown by the farmers to part with
somewhat to discredit the alarmist
reports of the prospective shortness of
the wheat crop. The shipments east
of Chicago, both of -four and of grain,
also showed good increases. These
considerations proved so effective as to
offset the days unfavorable showing
of net earnings for May. The report
of the Chicago, Burlington & Quincy
NV of aI.o g..
ating expenses, showed the increase in
gross earnings more tan wiped out
and the decrease established in the sur
plus after fixed charges was no less
than SO per cent. The same causes
were at work in the case of the Louis
vile EVANSVILLE, the net earnings of
which fell off about II per cent from
last years level. Nevertheless these
two stocks shared fully in the days
strength. The figures of the large July
disbursements of dividends and inter
est were another factor of strength IN
the market. These are estimated vari-
ously at 500, 100000 to $11o 900. 900. 1t
is pointed out furthermore that a
larger proportion than ever before of
these payments will remain in this
country, owing to the large buying of
American securities from foreign hold
ers during the past year. There was
no effect apparent in the money mar
ket from these disbursements, and. ac-
cording to precedent, there may not
be for several days. But the bidding
up or prices to-day represented the Ell
fort by professionals to anticipate the
coming pressure for reinvestment. In
fact, the whole movement was largely
In professional hands the advance be-
ing accomplished on a small volume of
business and with the obvious inten-
ton of improving the level of prices.
rather than of securing stocks as
cneaply as possible. The steel stocks
were strong in the early dealings. in
spite OF the news of continued decline
in prices of product and the wide
spread closing down of mills pending
the adjustment of wage scheuuies.
There was also reaction in the price
of pig lead. The metal stocks general
". did not hold their best prices. The
same was true of the coalers. Sugar
was comparatively quiet and was in
elined to react from the high price.
The foreign depression was attributed
to the serious aspect of the Chinese
question and in Berlin to the effect of
the disastrous fire in Hoboken on Sat
urday, but the reflected influence in
this market was overcome within five
minutes.
long list of bonds sold ex-inter-
est this morning and many of them
made good progress towards recover
ing the amount of the interest Total
sales par value. 1880. 900.
U. S. refunding coupon bonds when
issued advanced u and do. reg, Il
The new As declined u in the bid