Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-07
Government bonds STEADY.
State bonds irregular.
Railroad bonds weak.

Government bonds STEADY.
State bonds irregular.
Railroad bonds weak
Stocks-About midway of to-day's
sessions of the stock exchange there
was rise of points in New Jersey
Central on rumors of control by Bal
timore & Ohio. This incident offered
an isolated feature of strength in to-
days market and caused the only
brief respite from the mood Of depres-
sion which prevailed all day. The
most effective single factor was the
war-Hke development in China. This
influence was reflected in New York
from foreign stock markets from the
opening here and Londons actual
sales in this market on that account
ran up to about 10000 shares, about
half of which were Atchison preferred.
Even as a direct influence this selling
had a notably weakening effect in SO
narrow market as now prevails. The
sympathetic effect of the foreign
weakness was even more marked.
Wall street entertains no great appre-
hension that the United States will be-
come directly involved in the difficult
ties in China. But commitments of
american capital in foreign money
markets and the extension of Ameri-
can commercial interests have grown
to such proportions that any event
which would precipitate liquidation in
foreign markets must be reflected di-
rectly and strongly in the United
States. Besides the news from China,
foreign markets were effected by the
Tightening of the money rate in Lon
don and Paris and slightly easier
tone in the British money market was
not sufficient to Offset other depress-
ing factors. The break in the foreign
prices of iron and rumors of further
concessions in iron prices in this
country emphasized the weakness of
stocks both abroad and in this coun-
try. News Of the domestic iron trade
was confused, reports of declining
prices are mingled with reports of re-
opening of some mills recently closed
down. Tennessee Coal was the weak
est of the steel group and lost "a. In
the general list prices were weak
throughout, but stocks which have
shown some strength recently were
most affected. Atchison preferred, st.
Paul, Baltimore & Ohio, Union Pacific
and Louisville were examples. Den
yer & Rio Grande preferred fell 21a
points on rumors of ,1e acquisition of
the Colorado Midland by rival inter
ests, and Great Northern preferred de-
clined points. There is growing I'M
easiness in speculative circles over the
prospects of the wheat crop, based up
on the low condition reported to-day
from Ohio and the continued drouth
In the Northwest. The converting of
the joint passenger committee in this
city and the meeting tomorrow of
railroad presidents to attempt an adj
5ustment of rate disturbances calls at
tention to that source of danger to
values of railroad securities. The
money market continues almost I'M
precedently easy in spite of taking up
by the sub-treasury from the local
bank of $2,630,000 thus far this week
This gain by the sub-treasury is due
to the calling in of government de-
posts from the banks and the money
will be returned to the channels of the
market as soon as the per cent bonds
which have been called are presented
for redemption.
The bond market weakened in sym
patty with stocks on a moderate vol
ume of business. Total sales, par val
lie, S1,195, 900. United States bonds
were unchanged in bid quotations.