Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-05
State bonds Inactive.
hailroad bonds irregular.

Stocks-The stock market relapsed
Rgain to-day in the reactionary condi-
ton, showing the same apathy and
hesitation which characters I it for
some time previous to y ut fillip
Which gave an appeal, Of some an
lmatlon and strength last week. There
were times to-day when stocks were
offered quite freely and in considerable
variety, and the entire absence of de-
mand made prices vulnerable to the
efforts by professional bears to get
them to a lower level. The actual
news of the day offered little to ac-
count for the weakness in the market
probably the correct explanation is
the conviction, now become general in
Wall street, that last weeks buying
was due to the closing up of some ex-
tensive short accounts by one or two
operators on a large scale.
While that demand found very scan
ty offerings of stocks, it failed entirely
to attract any additional demand.
Commission house business continued
at very low ebb. There was some
speculation in Sugar during the day,
based on the dividend prospects. 1t
was expected that the quarterly divi-
dend would be declared to-day, but it
was announced during the trading that
action would be deferred until to-
morrow. limitations were given out,
however, that the executive commit
tee had already determined upon a ia
per cent dividend for the quarter,
maintaining the same rate as the last
dividend. The price was run up to
119A by this rumor but later fell
back below Saturdays price, closing
shade off on the day. The Whitsun-
tide holidays in London and on the
continent left the market without any
index of foreign conditions. Some SEN
timental depression was caused, how
ever, by the delay in the occupation of
Pretoria and by suggestions of money
market difficulits in Berlin. The bears
professed some uneasiness also over
possible complications in the Far East.
The closing of the Illinois Steel
Company's mills in South Chicago
made the steel stocks especially weak
early in the day, but the tone of the
group became steadier in the late
weakness of the market. A rise of 8
points in New Jersey Central caused
a temporary hardening of the coalers,
but it did not hold The heavy loan
expansion by the banks disclosed by
Saturdays bank statement, bringing
the loan item to the largest figure in
the history Of the clearing house, was
unexplained by news of any special
transaction. In this connection dis
cussion was caused by the dispatch
from Berlin to the Associated Press,
reporting a project by German finan-
ciers to introduce the imperial per
cent. bonds upon the American market,
owing to the great abundance of CAPT
tai in the United States. The Treas
ury Departments estimate of the
amount of money in circulation on
June / shows an increase for the Unit
ed States of $14 1852, 408 for the month,
in spite of the gold exports of over
S10,000G00 and the taking up of the
treasury surplus of nearly $4,000, 900,
The prospect OF an early resumption
of gold receipts from the Transvaal,
the expectation that shipments will
soon be received from Cape Nome and
the Klondike, and the high rate of
production reported by American
mines, arouses the discussion as to the
future effect on prices of this large
supply of money metal. The small
brokerage failure announced during
the day was without effect on the
market
The bond market was dull and ir-
regular Total sales par value $1,lS0,-
p00
United States old As coupon declin
ed "A and do. registered and 5s Is per
cent. The IS advanced Is per cent.