Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-28
Silver certificates 61h @63c.
Government bonds steady.

O.S. OLD is registered
10 coupons
u. 5. 5s registered. .113
DO coupons
Government bonds steady.
StockS-Prices failed to hold in to-
days stock market, and after an early
period of advance, turned generally
downwards until the average level had
fallen to below that of last night.
There was some ~irregularity in the
movement as amongst the industrials
n railroads, but the tone of the mar
ket during the latter part of the day
was ~undeniably heavy. The Irregular
1ty consisted in the better resistance of
the depression offered by some stocks.
This was true of the steel stocks and
OF the c%Oalers, the latter being affected
by a good showing of earnings for May
by the Erie and the Reading companies,
by announcement of an advance in the
price of coal by the Reading company
n by reports that other companies
would follow suit. Some of the soft
coal roads were also strong on the
good conditions in that trade. But the
railroad list as a whole gravitated down.
ward quite heavily. The buying de-
Tand which was in evidence yesterday
and the day before, and from which
much had been hoped in rallyine
prices, showed increasing Indifference
Il lassitude at the higher lever at
tanned. The rs of the market was
a striking testimony of the crop pros
poets as an influence on prices.
London and the European bourses
We're all higher on the reports pub
lished abroad of the rescue of the for
eign legations by Admiral Seymour's
force at Pekin, and the opening here
was strong in sympathy. But this and
the growing need of money did not
avail to hold prices in face of the rally
In the wheat market. which was ac-
cepted by a plain animation that the
reaction in that market was purely
technical in its cause and that there
would be no subsistence CT a%pprehen>
sion of extensive damage to the crop.
The MAY statement of net earnings Of
The st. Paul company had a cumulative
effect on sentiment in connection with
the crop damage reports, and all of the
grain carrying roads Jared badly.
Northern Pacific was most affected and
showed an extreme decline of nearly 2
points. Great Northern preferred lost
IL net. St. Paul's increase in operat-
ing expenses for May of over q per
cent. was a discouraging evidence of
the inroads made by higher prices of
material upon the cost of operating
railroads.
The growing ease of the money mar
ket, in the face of pending July l set
Elements, is an agreeable surprise to
the speculative world. Not only do call
loans continue easy, but time loan
rates were quotably lower to-day, not
withstanding the fact that the sub
treasury has absorbed nearly $4,000, 900
from the market since last Friday, and
that the dividend and interest disburse-
ments which must be arranged for at
the beginning of the fiscal year APP
preaching, are the largest in the history
of the country. The total is estimated
at over 500, 900, 900.
The course of the exchange market
indicates the presence in the market of
large available supplies of bills of ex-
change, and uneasiness over the course
of foreign money markets is CORE
spondingly diminishing.
Business in bonds was small, but
prices were much better held relatives
" than in stocks. Total sales par
value 81. 1000.
United States bonds were unchanged
In bid quotations.