Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-09-04
NEW YORK. September 3. 1852 D. n

NEW YORK. September 3. 1852 p. m.
Resumption of business after the
prolonged holiday was at a higher level
OF prices for some issues, notably Dem
yer common and preferred. both OF
which followed the lead OF the London
market by advancing about 3 per cent.
and maintaining this rise fairly well
during the session. The advance in
these securities Is due to the expeeta-
ton OF a very favorable report, which
Is looked for very o
Soon after the opening the general
list became irregular and displayed a
rather weak tendency, which finally
resulted in a general decline Of from |
to 3 per cent. throughout the list. This
selling movement was caused prinei-
pa.ly by the condition of the money
market and the showing of the asso-
ciated banks made last Saturday.
withal rates were not materially higher
for money, although further shipments
West and South were made by the
banks to-day. On the other hand. for
eign exchange weakened and the gen
eral expectation is that gold will be
imported, should money rates become
higher in this market.
Shipments of gold from the Klon-
dyke are also to arrive. There was lit
tie else to influence prices, as other
conditions remained as they were here
tofore. Toward the close the market
had a slight rally. BACHE & co.
NEW YORK, September $40 p.
m.-The market remained weak this
a1A-i-- nAar fkA tAurnaf
prices Of the day, with a decline of 2
per cent. or so. The chief exception
was Denver, both common and prefer
red, making large gains In the face of
general weakness. Rumors of exchange
into Missouri Pacific stock accompa-
MED the advance, but the movements
looked more like manipulation. I'm
doubtedly an important factor in de-
pressing speculative sentiment to-day
was the rising tendency of money.
Call rates went to 4 per cent. the
highest in several weeks, and is ex-
pected to go higher because OF the In
creasing demands from the agricultural
section. We do not think the time is
propitious for a bull market and be-
lieve sales on rallies to be advisable.
C. |. HUDSON & co.
NEW YORK, September $50 p.
m.-The loss by the banks since Fri
day last amounted to SO, 600, 900. This
fact caused some apprehension as to
the money market and in consequence
stocks were thrown over, making at
one time a weak market. Some sup
port came in about 2 p. m. and the
market closed ~irregularly firm. We be-
lieve the money market will be re-
lieved by shipments Of gold this way.
KELLY, MILLER & co.
NEW YORK, September $3.50 p.
ALPHABETICALLY the only support the
market received to-day was that az
forded by purchases for London ac-
count. Arbitrage houses bought freely
in the first hour, and though they al
forwards sold moderately the balance
was heavily on the buying side. With
the exception of Denver issues, which
responded to an advance in London, the
general list was all lower and declined
steadily during the day, though the
losses were not serious except in a Few
instances. Among the low priced
stocks. Chicago Great Western was the
strongest. The market was unfavor-
ably influenced by the discouraging
character of Saturdays bank statement
and a~pprenensions regarding the money
situation were intensified by the ad-
vance in rates for call money. although
the weakness of foreign exchange led
to a renewal of the talk OF gold I'M
ports. 1t must be remembered that un-
less special facilities are Afforded me
exchange rate is still n per cent per
Mound above the gold importing point.
The best opinion seems to be that the
strong interests had marketed stocks
last week and were now willing that
prices should fall to a lower level. Elk,
cent for the declaration of the usual
dividends on Sugar, the announcement
of which was followed by a sharp de-
cline in the price of the stock, there
was no news bearing on values.
Demand sterling $4.S5& to S4.S6.
LADENBURG.