Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-04-12
OH 30 Il
Mexican dollars 47Ac.
Government bonds irregular.
State bonds. strong.
Railroad bonds easier.

oUdlc JULIUS. SllOHS.
Railroad bonds easier.
Stocks-The reactionary tendency
which developed in the stock market
yesterday continued manifest during
the early hours to-day, when the SELL
ing was active and widely distributed
and seemed quite urgent in some
stocks. About midway of the session,
however, the pressure to sell was some
what relaxed and friends of various
stocks took them in hand and bid them
up. The advance in these stock was
not met by any great burden of Offer
ings and prices generally tended TO-
ward recovery. The rally in prices
failed to bring in any notable demand
for stocks and the market became ratn-
er heavy again and closed in that con-
dition. Dealings were very largely in
professional hands, and the efforts Of
the bears to force down prices and dis
lodge stop loss orders met with con-
siderable success in some quarters. The
character of the buying at the decline
indicated that commission houses have
orders to buy at varying levels below
the market. There was no appearance
of last weeks disposition on the part
of the outside public to buy at the mar
ket. Prices of Americans were de-
pressed in London before the opening
here, but the level of the market fell
below the London parity and arbitrage
brokers bought stocks to cover sales at
the higher level in London. This buy
ing was especially large in Union Pa
cific when that stock got below 81, and
was material aid to it's late rally of
over 2 points, with a sympathetic eff
feet on the Pacifics, and, in less degree,
On the whole market B. & o. pre-
ferred and l.. G. N. showed aggressive
strength and Missouri Pacific rallied
well from the mornings sharp decline.
Otherwise the railroad list was rather
quiet and sluggish. The most violent
movements as usual were among the
industrials and specialties. The fact
that Third Avenue stock still COM
manded a premium for use in the stock
loan department last night showed that
the short interest had not been entire
ly eliminated by yesterdays violent
rise. An active speculation resulted in
the stock and it was forced up at one
time points, then collapsed II points
and rallied again 5 points. The net
gain was 2. The public was not in
formed in detail with the plan of the
rehabilitating the property and the
movement of the stock was governed
by the necessities of the shorts. Sugar
was somewhat erratic at higher level
on the good conditions in the trade
and reiterated rumors of a trade war
settlement.
American Steel and Wire was sub
Jected to further severe pressure, with
sympathetic effect on the metal group
generally. The resisting power de-
veloped by Federal Steel and it's rise
to liz above yesterdays price had a
reyiving influence on the group. There
was no news to account for the move
ment in these stocks. The upward
progress of sterling exchange and
possibility of gold exports was used
by the bears with effect. The ship
ment of 100000 in gold to Buenos
Ayres, which was announced to-day.
was regarded as a triangular opera
ton, being in fact a payment on ac-
count by New York of London's obli-
cations to- Argentine. The money
market here continued easy under the
influence of large gains by the banks
from the sub-treasury. But apprehen-
zion still exists that if the high money
rstes in London should draw gold
from New York money rates here
would harden.
The bond market was moderately
active and prices were inclined to
yield. Total sales par value 1865, 900
United States new IS coupon de-
clined Il and the old As advanced "a
in the bid price.
Atchison ........ OBSERVATION-DISCLOSURES
Do preferred