Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-10-05

u. s. new As registered.
u. S. old As registered......."..",.".1I4%
Dc coupons
Do coupons
Government bonds easy.
State bonds strong.
Railroad bonds easier.
To-day's stock market had 10
undergo the stress or realizing pronls
which was the natural sequence Of yes
terday's successful manipulation Tor
the advance. The dimensions OF the
inward movement were sufficiently I'M
nressiye to attract a considerable out
side demand for stocks, and the HIST
hour of the market saw very active
trading with very small fluctuations IN
price after the opening which was
made higher to facilitate the taking OF
profits. The general demand was Ju-
diciously fed by the professional opera
tors in order to discourage the buying,
but before the end of the hour an i'm
preston began to be made in the rail-
road list. Selling for London account
was an additional factor toward depres-
sion. When prices fell back to about
last nights level, the selling pressure
was relaxed. The bulls then turned
their attention to other quarters of the
market, bidding up prices actively
wherever any signs Of strength show
ed, il order to support the market and
help realizing. They found the best
field for these operations in the steel
and iron group. Various factors COM
bined to give strength to these stocks.
The final settlement of the tin plate
wage scale was a stimulating influence
not only in those stocks but through
out the group. The weekly summary
of the Iron Age, while giving due
weight to some continuing u~nfavorable
conditions, reflected a tone of conf
dence over the coming years business
as a whole and interviews with indi-
vidual authorities were of the same
tenor.
The Tennessee Coal dividend gave
the final FLIP to stocks in this group.
Assertions have been made with great
boldness and have been published th.t
the dividend on this stock was sure
to be reduced or even passed at the
meeting to-day. When the news was
published, therefore, that the regular
quarterly dividend of 2 per cent. had
been declared, a large short interest
was badly caught and a violent re-
covery ensued. The first sale after the
announcement was 2as points over the
preceding sale. The stock ran off again
In the final dealings, but closed with a
net gain of ga. Sugar and Peoples
Gas was very feverish all day as a
consequence of the cut in refined sugars
and the legal steps taken in the gas war
III Chicago. Sugar has a small net
gain and Peoples Gas a small net loss.
With the exception Of wide movements
IT. some of the closely held dormant
stocks the railroads continued sluggish
during the latter part of the day. Ak
local traction stocks were, strong and
showed evidence of manipulation. The
whole market ran off at the close. which
was easy and quite active. The decis-
ion of the directors of the Bank of
England to leave the official rate uu-
changed at 4 per cent. was accepted
favorably by the bulls, who argued that
II insured imports of gold, but the ster-
ling exchange market Unexpectedly de,
veioped a firmer tone and the rate for
demand bills recovered &c. This is
supposed to be due to preparation for
remittance on count x the German
n British loans and also for sub
scriptions to the Swedish loan, whica
were announced yesterday to have
been closed In New York. Call loan
rates also advanced to 3 per cent. to-
Gay, but fell back to 2 per cent before
the close. The outward movement of
currency has more than offset the
item CT replenishment for the money
market and a further shrinkage of
banking resources is looked for in the
weekly bank statement.
The bond market continued irregu-
lar and not very active. Total sales
par value 81, $50, 900.
United States new As declined V per
cent. in the bid price.
Atchison oSsk
DO preferred ...... 70S
Baltimore and Ohio NORTHUMBERLAND. 70ix
Canadian Pacific 81
Canada Southern 5ank
Chesapeake and 9SE
chicago Great 10Gz
Chicago. Burlington and Quincy .125Z
Chicago and Eastern Illinois. az
Chicago and ACKNOWLEDGEMENTS
Delaware and Hudson iii