Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-21

Do. coupon
Silver certificates 60@61c.
Bar silver 60Ac.
Mexican dollars 47Ac.
State bonds easy.
Railroad bonds heavy.
Stocks-The stock market made
some Roadway during the early part of
the session against depression and an
average level of prices materially
above last night was established. Room
traders were inclined to take the long
side for a turn, under the impression
that the market had been over-sold
and a rally vas due. But before the
end of the session large offerings of
stocks were thrown on the market en-
bracing all the principal groups of
securities dealt in. Earlier gains were
more than wiped out, the decline from
the best in the active railroad stocks
running from l to 11a. The net losses
were mostly fractional, but some of
the specialties show wide declines and
l1S Ill 10 L QG I'll OOLlC vi llC uOI-
mant stocks which have not been dealt
in during the late period of weakness.
The chief ground of the early strength
in the market was the higher range of
prices from abroad and the disposition
of London to buy stocks here. 1t was
evident that a more cheerful view was
40 bon in forainn 0t,oy+o-o ~ kln Nt.
nese situation and British consols
hardened a shade, in spite of the stiff
ening of the London money market.
The chief influence in turning the tide
Of sentiment towards the bear side was
the acute weakness developed in sugar
and Brooklyn Rapid Transit and in
other specialties by sympathy. The
bears attacked the Brooklyn strike
with great confidence and encountered
little opposition in offering the price
down, on account of yesterdays ju-
dicial opinion against the legality of
ten cent fares. After selling at 64k
in the morning the stock was forced
down to 60k in the late dealings. The
drop in Sugar extended to over four
points and was without special ex-
PLANTATION. All Of the gas stocks were
acutely depressed, the declines extend
ing from IA in Peoples Gas to ga in
Brooklyn Union Gas. Other notable
declines were Cotton Oil preferred 5,
Chicago Great Western preferred q on
disappointment over the failure to de-
clare a dividend, the Tobacco stocks,
General Electric and New York Air
Brake from IA to 4. These violent
declines had a sympathetic effect on
the whole list. Weakness in the rail-
roads was aggravated by the renewal
of crop damage reports. and not only
the grain carrying roads, but the cot
ton roads also were affected by this
cause. Some of the selling was said
to be of stocks held by bankers for col
lateral, which had been held for SOM
time past to give opportunity to the
customers of the firms concerned to
lane up TIE SlOChS. lie HuOuel mar
ket hardened appreciably and the pos
sibility of quick inroads on the small
surplus reserves of the banks receive
increasing attention. To-day's engage
ments of $1,100, 900 of gold for ship
ment to France was about what was
expected, and sterling exchange eased
off under the offerings of bills against
the shipment. Discount rates hard
ened both in London and Berlin, and
sterling fell a fraction in Paris, so that
it is considered probable that the de-
mand for gold is not yet satisfied and
gold is expected to go out on Saturday.
The bond market was dull and prices
were lower. Total sales par value ST.
$50, 600.
United States new As declined 4 in
the bid price.
AlcHiSoH ......... ......... .............. 2t12
DO preferred .......... .............. 697s
Baltimore and Ohio ~