Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-05-09
Bar silver $3.50.
Mexican dollars 471ac.
Government bonds irregular.
State bonds inactive.
Railroad bonds weak.

State bonds inactive.
Railroad bonds weak
Stocks-The prolonged dullness on
the stock exchange gave way to an
outburst of active liquidation to-day
and prices suffered severely as a re-
suit. In the railroad list losses of be-
tween 1 and points are the rule and
in many active stocks they exceed that.
Stocks in which bull manipulation has
persisted in face of the gathering evil
dences of depression naturally suffered
the most. B. & o. stocks were fore
most in this class, the common losing
over six points and closing at the low
est, while the preferred is ga lower
than yesterdays close. Missouri Pa
cific was another example in the same
class and declined rs in very heavy
dealings, in spite of pool buying on a
scale down. The sharp break in prices
came generally as a surprise and the
room traders contrasting the wide
movement OF prices with the small eff
feet produced by their best efforts for
G. week past were inclined to look for
an explanation to the arrival within
reach of telegraph facilities of the most
successful bear leader of the past year,
who landed yesterday in England after
a week at sea. But there was nothing
in the trading that would make a bear
raid sufficic 1T to account for the action
in the market. Liquidation of long
stocks was clearly in evidence The
large offerings in one or two stocks
in the railroad group which were fea-
ture yesterday and which were be-
lieved to be the letting go of specula-
tive accounts by large interests were
evidently the forerunners of to-day's
liquidation.
The weekly statistics of railroad
traffic made up at Chicago and pub
lished after yesterdays market was
closed were .ne sufficient explanation
of the sellin. They demonstrated con-
cluSively that the reactionary tendency
OF business has beun to have a marked
effect on railroau traffic as it has been
feared it would. 1t is apparent that
many owners of railroad stocks have
been holding in the hope that the vol
ume Of railroad traffic wOulQ not be
materially affected. But with large
declines both in the receipts and ship
ments in Chicago an. with freight
officials of eastern lines complaining
about the light traffic large holders o.
stocks threw them on the market to-
day and found few bidders to take
them. The bear traoers when they
saw how things were going, joined in
the selling and their buying at de-
clines to cover their snort contracts
gave the only occasional checks to the
downward course OF prices. The neces-
sity which is now clear of a reduction
OF prices throughout the business world
in order to inouce sufficient consump-
tive demand to absorb the largely m
creased production gave occasion for
depressing opinions of the outlook.
Fears are felt that REIMBURSEMENT of
wages and a course of labor troubles
resulted. Not much attention was paid
to the question of further gold exports
as the money marh~~. show no effect
of apprehension on that score nor on
mat of the cessation of the outgo TO
the market from the suD-treasury. The
continuing ease of money in face of
these factors is regarded as corrobo-
rating the fears of business reaction.
The comprehensive outlay for improve
ments by some OIL the railroad com
panies and for extension of control
are also beginning to be looked upon
with apprehension and to affect unfa-
vorably the stocks of the companies
Steel and Wire and Federal Steel were
rather notable exceptions to the gem
eral weakness on account of the ex-
tensive liquidation already affecte,. in
them.
Bonds were inactive and weak in
sympathy with stocks. Total sales mar
value s2,160,000.
United States new As declined II and
IS coupon advanG ~ in the bid
price