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


DO coupons .12212
Government bonds steady.
State bonds inactive.
Railroad bonds irregular.
Stocks-The stock market showed
symptoms of strength at various times
to-day, but the pressure to sell at the
advance proved too much for the linn
tied demand to absorb and the latter
part of the day was given over to d
desultory downward movement which
carried prices below last nights level
except for e few stocks. The strength
of a few shares was in fact the prin-
opal sustaining influence Of the mar
ket at all times. The best support Of
this character came from Atchinson
preferred, which began to move up
wards early in the day in anticipation
of the dividend announcement. The
declaration of 21a per cent for the
semi-annual period had been acurate
ly forecasted, and the advance in the
stock came to standstill when the
dividend was announced. After hang
ing sluggishly for a time, the adj
vance was resumed on the giving out
of the directors estimates of the net
earnings for the fiscal year, showing
per cent dividend requirement for
the preferred stock. Atchison prefer
red thereupon rose to 743s, which is
on level with the high record price
made two months ago. A number OF
other railroad stocks whose prospects
of dividends or increased dividends
have been much exploited but not yet
realized showed the greatest sympathy
with Atchison. Baltimore & Ohio,
Union Pacific and Missouri Pacific were
the principal instances. The response
elsewhere was moderate. Owing to
the heavy outlay for betterment made
after the reorganization OF the Atchi-
son system, that railroad is able to
snow large reductions at this time in
operating expenses, and is almost
alone among the railroads of the
country in that respect. The other in
cident of the day to attract attention
was the sugar dividend, which was
maintained at the same rate of
112 per cent as the last. The move
ment of this stock showed that the re-
cent buying has been based on acur-
ate fore-knowledge of this result to
take speculative profits made so light
demand that the price fell away
weakly and had a decidedly depress-
ing effect on the whole market The
rise of 70 at the opening was followed
by a decline of ga on profit taking,
and the rally. was only feeble. Aside
from the sympathetic influences of
these influences, the market was dull
and apathetic throughout. There was
a general but slight advance at the
opening in expectation of the favorable
effect upon foreign markets of the &C.
cupation of Pretoria. These expecta-
tionS proved delusive and the markets
at London, Paris and Berlin all turn
ed heavy before the close. Rejoicing
over the news was offered as an ex-
PLANTATION of Londons failure to spend
time in buying stocks, and the Berlin
market was affected by weakness Of
iron mining shares on the condition of
the iron trade in the United States.
Advices from Paris admit feeling of
apprehension over the unsatisfactory
conditions in China and the interna-
tional complications that may follow
the end of the Boer war. Fears of de-
moralization in freight rates were an
influence in causing the relapse IN
prices here. The closing was dull and
distinctly heavy.
There was large demand for West
ern New York & Pennsylvania general
mortgage 3-4s, but the maximum adj
vance was not maintained Otherwise
the bond market was dull and slug
gish. Total sales par value, $1,345.-
900.
United States bonds were unchanged
in bid quotations.