Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-28
Government bonds weak.
State bonds inactive.
Railroad bonds firm.


Railroad bonds firm.
Stoeks-The room traders succeeded
in putting prices up for a time to-day,
but they drifted downwards again to-
wards the close of the day and left only
small net gains except in Brooklyn
Transit. This stock was decidedly
the leader of the speculation and was
largely dealt in on the strength of in
sinuating rumors that the yearly state
ment which is yet to see print, will
show larger earnings than has been
anticipated. The STOCK made an ex-
IRENE rise of over points under this
stimulating influence and helped the
whole market. 1t relapsed a point in
the late reaction when the traders
were taking their profits on the days
rise. Sugar, which came next in point
of activity, did not fare SO WELL 1t got
up at one time as much as 15s on the
expectation that the frmness of the
raw sugar market foreshadowed an
other advance in refined sugar But
the late reaction entirely wiped out the
rise. The railroad list continued ex-
tremely duh and narrow. The sharp
gains shown by handful of stocks had
little influence on the rest of the list,
which hung sluggishly back. Gains of
over point were establihed in half
dozen stocks at the midday high level.
But none of these were fully maintain
ed and nothing more than fractions
remained at the close Of the day. The
strength of Baltimore & Ohio was ap-
parently due to covering by shorts.
Burlington was marked up on asser-
lions that the statement of June earn
ings would show better net results than
has been foretold. st. Paul, Louisville,
Union Pacific and Missouri Pacific were
the only other railroad STOCKS showing
any notable strength. The steel stocks
moved uncertainty and irregularly.
pending announcements of the agree
ment arrived at by the Chicago con-
ference. The local traction stocks
were strong In sympathy with Brook
lyn Transit, and Consolidated Gas more
than recovered yesterdays decline. So
far as general conditions were an in
tuence, the market was helped by the
less respondent views regarding the
tate OF the ENJOYS in Peking held by
foreign spectators. This was largely
a sentimental influence, as dealings
here for foreign account We're insight
ficant. No gold was engaged for ex-
port tomorrow, and in fact demand
sterling fell off a fraction. But it re-
covered a fraction in Paris and the
rate for call loans declined in London.
Discounts were firm and the belief re-
mains general that further gold will go
out next week. A favorable bank
statement seems probable tomorrow.
owing to the continued inflow Of cur
rency from the interior Estimates of
the gain by the banks on this account
run up to nearly 100000. The gain
on sub-treasury operations is reduced
to trivial proportions, in spite of an
ticipation by the government of the
August interest payments. The re-
ceipt at San Francisco to-day of 81
100000 in gold can be made immedi-
ately available to the New York banks
by the system of transfer allowed by
the treasury department. But it will
not figure in this weeks bank state
ment. 1t is probable that loans may
have been further reduced by paymen,
of the German obligations to this mar
ket.
The bond market continued dull. but
the tone was rather firm. Total sales.
par value, 100000.
U. S. IS registered declined IA. and
new As coupon B per cent in the bid
price.
81, ~ pIeIefreu 69A
Canadian Pacific ...... e7ass
Canada Southern a. =