The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-02
BROKERS.
Gates s9esoHe: Bar silver 597c. Mex

Gates 6OGsOMc. Bar silver 597sc. Mex
ican dollars 47Ac.
Government bonds strong.
State bonds inactive.
Railroad bonds easier.
Business was SO apathetic and so
narrow to-day In the stock market that
little can be deduced to throw light on
the business or financial situation.
Prices are as n rule. slightly higher, but
about the only explanation to be offer
ed is that room traders in stocks proved
unable TO get them down, in spite OF
one or two Incidents rather unfdvorabis
to values and turned perforce to the
long side In order TO get the requisite
movement In prices to offer any field
for trndfng at ali. Even Sugar, though
stIll absorbing a large proportion OF at
tentlon, became comparatively Quies-
cent and limited Its range to little
over three points. The stock moved
both above and below last night, The
failure Of the Pennsylvania directors to
advance the semi-annunl dividend rate
proved Ineffective to awaken the mar
ket from its apathy. The most posi-
tive assertions have been made in the
board room for many days that Penn
sylvania dividend rate was TO be adj
vnnced, and there have been heavy OPP
erations on the bull side, based on
these assertions. The slight weakness
manifested by the stock on Be an
nouncement Of the regular dividend
would be called fOrtitude in the market
were It not so Enthusiastically indiffer-
emit. The presumuble disappointment
over the Pennsylvania dividend follow
ing the failure OF yesterdays rumors
regarding the Missouri Pacific dividend
to be realized, had only the slightest eff
feet on those stOcks.' When the small
bears had rather timidly offered down
Pennsylvania to q fraction below last
night, without bringing out any nppre-
ciable sales the whole market took on a
firmer tone, Missouri Pacific rose near.
" two points. But whether the market
moved up or down, the small profess
sional traders failed equally to attract
any following. The closing was dull
and heavy and net changes were mixed.
The local traction stocks, led by Met
ropolItan, showed rather ncute depres-
sion on account Of the judicial confirm
alton Of the constitutlonallty Of the
franchise tax low. The Republic Iron
and Steel stocks We're forced down
sharply on talk OF rupture Of rela-
lions with other combinations in the
steel trade. New York Air Brake drop
ped fifteen points ut the opening, but
later rallied twelve. Long Island ad-
vanced to 771s, compared with 81 on
Saturday, on the strength of pending
legislation to authorize an East River
connection between its system aud the
outside rairond world. New York Cen
trail rallied from yesterdays depression
on hopes of n settlement Of the threat
ening labor troubles. a small shipment
of gold was announced to go by Thurs
days French steamer The sterling e%-
change market was heavy and reacted
fraction, but It Is generally cIpected
that large shipments of gold viii be
made by next Saturdays steamers. The
money market continues to work easier
and the foreign banking houses are In
the market seeking large loans on for
eIgn exchange collateral and offering
2h and per cent for sixty days.
The bond market was dull and the
general tendency was rnnctlonnl. Total
sales par value, 3l395,OOO.
United States refunding 2s when is-
sued advanced y. and old IS and IS Z
per cent in the bid price.
U. S. Bonds.
when r. Issued. ..lo2yl 1. S. old Is reg .iii&
II 8 9a roT, tJsTi ~ G e rorr ifoit