Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-21
Mexican dollars 4SAc.
Government bonds weak.
State bonds inactive.
Railroad bonds irregular. 9

Ihdll4 Oetu DOAQo II 1 { o U4ots
Stocks-The stock market made a
greater show of animation and
strength than for some time past and
the advances in price from tAe low
point to the highest were in many
cases fairly impressive. During the
period of the advance the market look
ed strong and varied. But closer an
alysis of the days results shows that
the strength and animation were ap
parent rather than real. This is due
to the fact that the advance began
from the vantage ground of a consid
cradle decline in sympathy with de-
preston in London and expectation
that there might be announcements
II gold exports by to-morrow's steam
rs. It was upon this stage of the
speculation that there came the sud-
den and unexpected news that United
States Minister Conger had been heard
from by the State Department. The
bears hastily covered tneir short con-
tracts when this became kn0wn. But
the publication of the text of the mes
sage which quickly followed caused a
chill to speculative sentiment as it did
to warmer sentiments of humanity
throughout the world. The market
did not relapse to the low level again,
and was held by the notably buoyancy
in different portions of the industrial
list. Sugar was the central feature of
the market all day, the dealings in
the stock far outnumbering those in
any other in the list. The ground for
the advance was the very large bust
ness reported in the sugar industry.
This was supplemented by all sorts of
rumors circulated by the bulls of pros
pective extra dividends Their efforts
were directed against a persistent and
long standing short interest which was
forced to cover largely at the advance.
Other points of strength were the
Tobacco stocks on talk of good forth
coming statement, the New York pub
lie utilities on the hope of defeating
assessments on the new franchise tax
aaw, the leather stocks, the rubber
stocks and Peoples Gas. The steel
stocks were generally strong at ad-
vances of from L to 2ss, the argument
being that the troubles in China would
increase requirements for that product.
There was late advance in Lacka-
wanna of 312 and in New Jersey Cen
trail of IA. With these exceptions the
railroad list shows no striking net
gains. The whole market turned
downwards in the late dealings when
profit taking became evident in sugar.
That stock lost about points and re-
actions in some other stocks extend
trom l TO 2 points. The closing was
thereby made heavy and the net
changes were reduced to fractions ex-
cept in few of the specialties men,
toned. The movement was almost
entirely professional throughout and
the late decline was wholly due to
profit taking, with the exception of
some selling by foreign arbitrage
houses in anticipation of lower prices
In foreign markets tomorrow. The
foreign exchange market was strong
and moved up Ac, but the foreign ex-
change houses report that Paris is still
the point of greatest attraction for
gold and that the next shipment will
probably be made there instead of to
London. AS to-morrow's steamers do
not touch at a French port no engage
ments for exports were made. A fav-
orabie bank statement is expected to-
morrow, owing to the continued move
ment of currency from the interior.
which it is thought has offset the
losses to sub-treasury (which include
the gold exports and the taking of
government deposits) by more than a
million dollars. The more remote
prospects of the money market con-
tlnues to engage conjecture. The
bond market continued irregular and