Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-17
Mexican dollars 4731c.
Government bonds weak.
State bonds inactive.
Railroad bonds irregular.

OIdL0 JULIUS ludCllFC.
Railroad bonds irregular.
Stocks-Whatever significance at
tached to to-day's stock market was of
negative character. Trading in the
aggregate was on a small scale and
even at that was congested in few
of the specialties. Third Avenue con-
tinued to absorb large share of at
tention and was the only stock on the
list with any considerable range in the
price fuctuation. After an early de-
cline this stock moved upward over
five points and closed with net gain
of 211. Sugar was active, but showed
a comparatively narrow range and
ended the day with small net gain.
Peoples Gas more than retrieved an
early decline and Pacific Mail was
notably weak. Otherwise the dealings
were small, price fluctuations narrow
and the list Of stocks dealt in short
one. That the general tone was firm
was probably due to the fact that the
bear traders bought stocks to cover
short contracts. There was no evil
dence of any outside speculative de-
mand, but there was some investment
buying here and there on small
scale. Probably the bears were in
duced to cover by the prospect that
to-morrow's bank statement may fall
slightly short of being as weak as was
feared The New York sub-treasury
made a small contribution to-day to
the cash resources of the banks on the
routine transactions between them.
This is the first time this has happen
ed in over three weeks, and brings
down the losses by the banks for the
week on sub-treasury operations to
$4,307, 900, compared with S6,S60,000
last week. To-day's gain by the banks
is due to the disbursement of pensions.
On the currency movement by express
to the interior, a net loss by the banks
is indicated of only about s750.000,
compared with $2,500,O00. Without al
lowing for the movement by registered
mail the loss of the banks on all ac-
counts is therefore only a little over
$4,000, 900, compared with nearly $10,-
100000 last week. The changes in the
loan account are largely guess work.
Some of the banks called loans during
the week, but on the other hand the
borrowing of money to buy govern
ment bonds continued. The harden
ing of New York exchange at Chicago
is said to be due to the transfer of
funds to liquidate loans contracted by
western banks for buying government
bonds in New York. These doubtful
elements in the outlook somewhat
modified the conviction of professional
traders that the surplus reserves of
the banks are certain to be wiped out
tomorrow. Money on call was in
good supply for most Of the day at
from 4 to Az per cent, and the late
furry was accompanied by rather pail
pable manipulation, the rate quickly
yielding under the offerings brought
out But whatever may ramain Of the
surplus it is certain to be small. The
impression is general, however, that
to-morrow's statement will show the
low water market for reserves and that
the factors of replenishment will be-
gin to show effect next week.
Bonds were relatively more active
than stocks, some of the dormany
high grade issues being dealt in at
advancing prices. At other points
prices yielded. Total sales par value
$2,O75, 900.
United States old As declined q and
the IS land 5s " per cent in the bid
price.
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Do preferreQ OBSERVATION-DISCLOSURES. 67A
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