Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-04-04
Mexican dollars 47A.
Government bonds weak.


State bonds strong.
Railroad bonds strong.
Stocks-The two most potent factors
in to-day's stock market were Federal
Steel and the Baltimore & Ohio stocks.
The pressure to liQuidate the former
had a decidedly unsettling influence on
the whole market in the morning and
the strength of the latter stock served
to stiffen prices during the afternoon
and to retrieve to large extent the
early decline. The opening in Federal
Steel was wide and the price was soon
carried down to 40, drop of 4as from
yesterdays close. 1t rallied 2 points,
but went off again in the last fifteen
minutes of the market 10 the lowest,
developing renewed signs of weakness
in the rest of the list. The selling of
the stock was due to the practical ad
mission that the failure to amend the
charter yesterday at the annual meet
ing was equivalent to the abandon
ment of further dividend distributions
this year owing to the legal obstacles.
The strength in Baltimore & Ohio de-
yeloped after the executive committee
had convened. 1t was generally under
stood that this meeting would con-
slider the granting of additional rights
to stockholders. A new rumor found
circulation about every five minutes as
to what the right would be, and the
speculation in the stocks of the COM
pany was very active. The common
stock touched SS12 and the preferred
IS, and both reacted nearly two points
on profit taking, helping to the easier
tone in the close. London was a free
seller in the early dealing and helped
to the opening reaction. While there
were no very large offerings brought
out at the decline the demand for
stocks was decidedly less urgent than
In the recent market and when the
dullness and firmness prompted to an
advance large offerings to realize were
brought out when prices got back to
last nights level. The market gave
evidence OF the pressure of large spec
ulative holdings to realize, but holders
evidently felt themselves strong
enough to withhold their offerings at
any considerable concession. Outside
few stocks to-day's movement in
prices were narrow. There was con-
siderable strength in the grangers I'M
der the leadership of st. Paul. based
on very heavy grain movement now
going over the western lines. The
trunk lines were firm on the large east
bound shipment besides the sympa-
thetic effect of the movement of Bal
tlmore & Ohio stocks. The rally from
the low prices reached a point in
number of prominent railways, but the
final easing off left most of the davis
net changes small and mixed between
gains and losses. Sugar was actively
dealt in, but after an early decline OF
over a point mounted upward four
points on the reported easing prices of
raw sugars. The price eased off in the
late decline. bringing the net advance
down to / Il. The money market work
ed somewhat easier to-day as the in
fiuence of the April disbursements is
beginning to be felt. There is no fur
Their apprehension in stock market cir
Giles on money market considerations.
The bond market continued quite ac-
tive and changes in prices were mixed.
Total sales par value s4,75O, 900. United
States IS coupon new As and IS declin
ed Il in the bid price.
Atchison ... .. eSaz
Baltimore and Ohio ......... Ssisa
Canadian Pacific ACKNOWLEDGEMENTS. qese
chesapeake and Ohio ... 295tt
SDlcago Great Western ........... I4S!
Snlcago, Burlington and Quincy 1927
Chicago and Eastern Illinois Ins
Chicago and, Mort ieork