Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-07-26
Bar silver 60Ac.
Silver certificates 61H @62Ac.
Mexican dollars 4Sc,
Government bonds strong.
State bonds weak.
Rai1rOad bonds irrap

Railroad bonds irregI lar.
Stocks-The attempt to take specu-
lative profits in the market barren Of
any real buying demand had its nat
ural result in a further decline of
prices to-day. The reaction which set
in yesterday also encouraged the put
ting out of some fresh short lines. But
the bears were by no means aggressive
in their operations and the spectators
on the long side were apparently we'll
enough fortified to be free from the
necessity of liquidating on rapidly
falling market. The declining tend
ency of prices consequently showed
abtement as the day wore on and the
closing was fairly steady, but at frac-
tional net declines as the rule. There
was no evidence of renewed manipula-
tiOn for an advance, the one or two
strong spots which were in evidence
during the day appearing to be due to
independent causes. American To-
bacco was well bought ON the belief
that the forthcoming report will show
extraordinary earnings. Metropolitan
Street Railway was marked up 312
from the low point without any news
to explain the movement. There were
firm spots also in the railroad list,
notably in Southern Pacific and South
ern Railway preferred. But these did
not represent any aggressive stand
against the reaction. The cessation of
the pressure to realize aroused a nat
ural explanation that the bulls were
ready to resume their efforts for an
advance. While this expectation
checked the operations by the bears
the effort to rally prices was not forth
coming. The conditions in foreign
markets were a depressing influence
here, especially the fear reported both
from London and on the continent Of
approaching stringency in the money
market. This fear was based on the
high rate of interest which the Brit
lsh treasury was obliged to pay on yes
terdaySs allotment of treasury bills and
en- the expectation that further war
loans are to be forthcoming The alb
sence OF engagements of gold for eX-
port by to-morroWS steamer, although
they had been counted upon, did not
seem to relieve the market of its APP
prehension of future demands from
abroad upon the local money markeL
The weeks advance in sterling at
Paris and the remission of the Bank of
Frances offer on interest on gold in
transit have apparently wiped out the
profit on exports TO France. But mon
ey in LoRdon continues firm and ster-
ling exchange here advanced a frac-
ton and it is considered certain that
the receipt of gold from western points
will be followed by renewed outgo of
the metal. The current ease of call
loans is to be attributed as much 10
the desire Of lenders to keep their
funds in easily accessible shape as TO
any plethora of idle funds seeking en-
ployment New York bankers are
practically out of the market for MGR
camille paper and they continue loath
to put out funds in time loans for any
long period The sub-treasury has
supplied about 81 900 900 to the money
market on balance since Friday, but
this has been on a declining scale and
to-day debit balance at the clearing
house against the government institu-
ton was less than $50, 003 Reports of
an attempted adjustment of various
matters in dispute between the New
York Central and its employees, the
failure to advance refined sugar as ex-
pected, the still unsettled scale OF
wages amongst steel workers and the
decrease in earnings for ST. Paul for
The third week in July were minor fac
tors in the depression.
The bond market was without any
feature of special interest. Total sales
par value $1,120,000.
United States refunding IS when Is
sued advanced a, and the old As and
6s rs in the bid price.
AtcnlSoH ...-.... ..-...................... 70
Do preferred ........ ................. $685.
Baltimore and Ohio ..................... 747s
Canadian Pacific $1,000. ............... SSi4
Canada Southern ......... MINIMUM. 4SS4
Chesapeake and Ohio ................... 21ls
Chicago Great Western ............... IL
Chicago, Burlington and Quincy. .126is
Chicago and Eastern Illinois. 81
Chicago and Northwestern. .......... .1t0ia
Delaware and Hudson. .................111ia
Delaware, Lackawanna and Western. IT'S
erie .......'..... ..-..................... IL
DO first preferred ................. 321a
Great Northern preferred ............153
lllinolS 1eHiFal .1l9l2
Lake Erie and Western. ................ &c
10 preferred ................. 80
Lake 0nOTe
Louisville and Nashville. ............ 73
a Manhattan IL .................. 901a
Metropolitan Street Railway ..........15T
MISSOURI Pacific Observation-Disclosures. 5QLx
New Jersey Central ...................1 30is
New York Central .....................129 1891
norfolk anu western .................. 33
Do preferred .................. rs
northern Pacific tAl5L