Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-05-11
Mexican dollars 471ac.
Government bonds strong.
State bonds strong.

State bonds strong.
Railroad bonds strong.
Stocks-The active liquidation of
the two previous days in the stock
market was relaxed to-day, leaving the
largely extended short interest on the
defensive Yesterdays final recovery
gave an impetus to the demand for
Americans on the London market,
which lifted prices for the opening
here. There was some slight outside
demand, through commission houses,
showing that there is an element
which is watching the market closely
for indications that it has turned
The opening strength from these
causes quickly gave way under the at
tack by the bears, who used the state
ment of st. Paul's earnings for the
first week in May. This statement,
showing a decrease from last year for
the first time in many months, did in
fact have a strong influence on sentl-
ment 1t was forcible reminder of
the fears which have found expression
for some time past in Wall street that
the reaction in the iron market and
In general business would inevitably
lead to a falling off in railroad earn
lngs. A continuance of labor Difficult
ties at various points caused some
continued uneasineSs and the bears
protested apprehension over the pessi-
mistic tone of Lord Salisbury's speech
last night. Quite a liberal buying for
London account served to counteract
the last named argument, the arbi-
TRACE houses estimating the buying for
London account as high as 10000
shares, but the most effective succor
for the bears came from break of
over fifty points in Tobacco and from
persistent heaviness in Sugar. Prices
very generally drifted back to last
nights level or below, but at no time
during the day did the pressure of
liquidation become severe and the bears
found difficulty in getting stocks when
ever they bid for them. The absence
of pressure prompted some of the
small pools to re sumo operations, not
ably that in Missouri Pacific, and that
stock was bid up during the day near
ly two points. The covering of short
contracts gave notable strength also
to the Atchisons, the Pacifics and
Louisville.
The upward movement in the trunk
lines was not as marked as in the 9TH
er stocks. The metal stocks were in
clined to be firm all day, though they
were not very actively traded in
American Steel & Wire led the move
ment, both it's stocks rising over three
points on rumors that Federal Steel
interests would be represented in the
board of directors. The foreign mar
kets generally improved to-day on ac-
count of the easier money conditions
reflected in the favorable weekly re-
ports of the government banks of Eng
land, France and Germany. This was
especially true of the Berlin market,
where the iron and coal stocks have
suffered acutely from fears of Ameri-
can competition owing to the reported
decrease in consumption here. There
was some slight apprehension that
gold might go out on Saturday to
England, in response to yesterdays
advance in the Bank of England's pay
ing price for American eagles, but the
exchange experts are generally agreed
that gold exports to London offer no
profit under existing conditions The
local money market was not quotably
changed to-day but the surplus of the
banks is declining.
Bonds recovered in sympathy with
stocks. Total sales par value $2445.-
000
United States old As coupon advanc.
ed Il in the bid price.
Atchison %
Do preferred ACKNOWLEDGEMENTS. 6S7s
Baltimore and Ohio ACKNOWLEDGEMENTS. 1865
Canadian Pacific .................e 81
Canada Southern ........... 53I
Chesapeake and Ohio ............ ISL
Chicago Great Western .......... l27k
Chicago, Burlington and Quincy. 124ss
Chicago and Eastern Illinois 102
Chicago and Northwestern .......1 ISL
Delaware and Hudson 1873.
Delaware. J a61laH anna and Western 1851