Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-25

DO coupons ACKNOWLEDGEMENTS. .1l412
Government bonds weak.
State bonds inactive
Railroad bonds inactive.
Stocks-Those who have sought to
read in the recent stock market a re-
Election of general conditions were still
further confounded by the course of
to-days market. The weakness which
showed progressive development dur
ing the day could not be adequately
accounted for by anything in the news
of the day. But as the result of efforts
by professional spectators to take
mand for stocks to absorb the offerings
the days movement was capable Of
explanation. Efforts were made to
sustain the market in the market by
manipulation of few of the special
ties, especially Sugar and the Tobacco
shares. Later in the day Tobacco was
exclusively relied upon as a sustaining
influence and finally that stock, after
having been pushed up nearly five
points. dropped back more than two
in the general weakness with which
the market closed. Tobacco's net
gain is 23s, but all of the earlier rise
in Sugar was wiped out. Many stocks
show losses for the day of point or
upwards. There was realizing in evil
dence from the opening, but the first
point of acute weakness to develop was
in Brooklyn Transit. The recent ad
vance in this stock has evidently been
in anticipation of the favorable deci-
sion announced late yesterday on the
right of the company to charge ten
cent fares to Coney Island and realiz-
ing was very large during the day. the
| last price to-day was Sc compared with
so late yesterday afternoon. For the
rest the market showed the natural
result OF manipulated advance in the
growth to rather top heavy proper
tions of a long interest to realize.
Doubtless the most potent influence in
the reaction was the portentious growl
emitted by the recognized recent bear
leader from his Europen retirement in
an interview The outside interest in
the market proved wholly inadequate
to absorb the offerings to realize and
rapidly declining scale of prices was
the natural result. There was a feel
ing of doubt aroused in the minds OF
spectators by the general scepticism
expressed by public commentators over
yesterdays rise, which was universally
attributed to artificial manipulation
The weekly report from the weather
bureau on the crops showing the lack
of moisture in the corn belt caused re-
newed apprehension regarding that
crop and the corn carrying roads suf-
fered accordingly. The non-engage-
ment of gold for export yesterday
which caused some feeling of relief in
the then optimistic mood of specula-
ton, gave place to-day to a fresh con-
viction that a large outgo of gold is
imminent and that period of string
ency in the money market later in the
summer can hardly be avoided. Rates
Of sterling in New York were not
Quotably higher, although the market
was reported firm and sterling adj
vanced an additional fraction in Paris.
But call loans and discounts both ad-
vanced in London and exchange houses
are of the opinion that gold will go to
Paris on Thursdays steamer. No en-
gagements have yet been made, how
ever.
There were a few large individual
transaction in bonds, but the market
generally Continued dull and irregular.
Total sales par value $1,030,O00.
United States old As coupon and the
new As declined Il in the bid price.
DO preferred .......,......,.........f 6s1