Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-11-01
Mexican dollars 501ac
Government bonds steady.
State bonds steady.

| Government bonds steady.
| State bonds steady.
| Railroad bonds irregular.
Stocks-The stock market became
still further involved in apathy and
Indifference to-day Business was
strictly in the hands of professional
traders, and they did not push their
transactions in very energetic man
ner. The rally which developed late
yesterday in sympathy with the up
ward movement in Southern Pacific re-
tanned some force this morning with
the evidence of continued buying in
that stock. The opening level of prices
was higher than last night and there
was some further advance, but when it
| became evident that the buying orders
in Southern Pacific had been filled, the
market fell into a sort of lethargy.
The resulting tendency to sag developed
very gradually until near the close,
| when the professional bears took cour-
age and offered prices down. The ex-
| pertinent proved that buying orders
were very scarce for considerable
range below the market and some sharp
declines were established before meet
| ing any demand AS a result the
earlier gains were completely wiped
out and the market closed below last
night all around. The weakness was
most marked in the high priced indus
trials, the local traction stocks and the
steel stocks. In the railroads the Pa
| cities were conspicuous on the decline,
Northern Pacific falling almost point
hol 10 ;cr3,4 III Do
cific, Union Pacific and Missouri Pacific
the decline from the best was point.
The conditions affecting the market
were the same as yesterday, namely,
Discrimination to enter further On specu-
lation until after the election. The de-
cline in Tennessee Coal was coinci-
dent with the reports Of dissatisfaction
with the management. The money
market continued quiet and easy, but
it is more probable that future pros
poets have a repressive tendency upon
speculation. Receipts of 100000 in
gold from Europe to-day and sub-treas-
ury payments on account Of the Klon
dixie gold were contributing causes to
| the ease of the money market.
The official report of sub-treasury op-
erations indicates that the banks have
gained from that institution since FRI
day Sf,154,000, but il is to be remem-
bered that the banks drew over the
counter at the sub-treasury On Friday
last some S3,600,000 on account CT Aus
tralian gold, SO as to figure in last
weeks bank statement, thus account
ing for the unexpected increase in the
cash reserves on Saturday. While this
transaction has already figured in last
Saturdays bank statement included in
this weeks statement of the sub-treas-
ury operation and must be allowed
for in estimating next Saturdays bank
statement from the subtreasury figures
Discounts both in London and in Ber-
lin advanced sharply to-day. This was
due partly to the monthly settlements,
but in London it is evident that the
Bank Of England's efforts to stiffen the
open market rates for money is meet
ing with success and sterling rates both
here and in London and Paris rose in
response to-day. 1t is not believed
that the Bank of England is yet pre-
pared to advance the Official discount
rate tomorrow, but that It's manoeuv-
res will lead to that result is probable
which is to be reckoned within the
calculation on further gold imports.
Meantime, the local money market may
look for further advantage from the
disbursements of interest dividends af-
ter tomorrow. Payments OF govern
ment interest alone will amount to
nearly 100000. But the continued
large demand of the sub-treasury on
account of internal revenue collections
will be an offsetting influence for some
time to come.
Bonds gave way at some points in
sympathy with stocks after having
shown strength in the early dealings.
Total sales par value S1.795,000.
United States bonds were unchanged