Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-19
Mexican dollars 47%c.
Government bonds easy.
State bonds inactive.
Railroad bonds easy.

Stocks-The stock market digested
a large volume of liquidation to-day
at What seems slight expense of val
ues, considering the appearance OF ex-
IRENE weakness manifested by the
market at times. This result was due
to the fact that prices were lifted in
the early dealings to a level somewhat
above Saturdays close and that there
was a substantial rally in the late
dealings on covering by the profession
al brokers, who had taken advantage
Of the s~oftness of the market to put
out extensive short lines, But the in
herent weakness of the market was
non the less evidenced. The buying
demand throughout the day came
largely from the short interest and
from inside purchases with the pur-
pose oI supporting prices in their own
stocks. Preparations for this had been
made on an elaborate scale in xpec-
tation of acute depression on foreign
exchanges as a result of Saturdays
developments in the Chinese complica-
lions, but the weakness on foreign
markets was not as extreme as had
been feared, partly owing to the fact
that the first alarming rumors of the
destruction Of the foreign legations in
Pekin and the death of the German
minister were somewhat discredited
this morning in speculative circles.
Prices OF American stocks advanced in
London before the opening here and
London bought stocks of some com
panies here at the opening. while SELL
ing others. This attitude of London
gave color to recent reports that some
of the principal bear operators of the
New York exchange, now abroad, have
been operating on the short side of
the market. They were taking to-day's
opportunity to cover, as their con-
ferees did from this side. The char
acter of the buying was sufficiently
manifest from the dullness into the
market quickly sank when it rose to
or above Saturdays closing level. Not
withstanding the sharp losses of Sat
urday the only buying demand of any
considerable volume came into the
market when prices were below that
level. The bear traders were active
during the day, seeking to ncove
stop-loss orders, and they had consid-
cradle success all through the railroad
list, in which the extreme declines at
one time averaged from l to ~ for
the principal active stocks. Minneap-
oils & ST. Louis fell abruptly nine
points with a final rally of 21a. Can
ada Southern, Chicago Greatwestern
preferred, ditto %debentures, Chicago
Terminal preferred, Hooking Valley
preferred and Denver & Rio Grande
preferred lost from 2 to 21a, North
western preferred 3% and Lackawan-
ma Al. The final rally lessened all
these losses and entirely wiped out
some of the smaller ones. The steel
stocks were decidedly irregular, Ma
tional Steel declining "a and Pressed
Steel Car, American Hoop, Tennessee
Coal and Republic Steel preferred
about two points each. On the other
hand Federal Steel, Steel and Wire
and Colorado Fuel were rather firm.
The final tone of the market was steady
and the majority of net changes were
small. The announcement of $780,
~cO0gold000 gold exports to Germany
was not without its effect on the weak
ness of the market, the more so as
considerable further engagements are
looked for later in the week by the
French steamer.
The sub-treasury has contributed
nearly $4,000, 900 to the banks since
Friday and New York exchange at
Chicago rose further to 80 cents pre-
MUM. But the governments call for
deposits to the amount Of 5 1000, 900