Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-10-29
Government bonds strong.
State bonds strong.


Railroad bonds strong.
Stocks-The stock market took On
to-day many of the characteristics of
bull campaign in full force. Business
was large and exceedingly well dis
| tributed, many of the usually inactive
| stocks being brought forward into the
movement while the market was much
less dominated by the specialties,
which, however, continued very active,
| principally Sugar and Tobacco. The
| former was less violent in It's, fiuctua-
lions that on yesterday, and although
| it advanced Several times it met more
| stock than it could carry. 1t ended
! the day unchanged. Tobacco, on the
other hand, after a fractional decline,
| surged strongly upward, the extreme
rise being nearly five points. The rise
| was coupled with ry3lors of the fOta-
| ton of the new plug Sobacco company
| and in the taking in of many large
| competitors in that field. Another con-
| spicuous movement was that in the
+! iron and steel stocks, which was led by
the dealings in the securities of the
| new Federal Steel Company when is
sued. These stocks were at one time
III to IL above last night. The certi-
| ficates of the Minnesota Iron Company,
with the cash payment added, giving
| the right to entry into the Federal
Company, sold at 131, an advance Of
| four points, and the Illinois Steel GER
tificates closed at IS bid, a gain of two
| points. Securities of other iron and
| steel companies showed strength to a
| less degree Brooklyn Transit was not
| ably strong on talk of the absorption
Of the Nassau Electric, rising over g.,
| and the Metropolitan Street Railway
| also advanced three points. Manhattan
| was in strong contrast with an extreme
| decline Of two points, selling down to
| 95. The Edison Illuminating Company
| Of New York gained ~ points with
| no news to explain the rise. The
| Rubber stocks were rather heavy on
| talk Of an opposition company. Peo-
pies Gas rose a point in connection
with the taking over of the Manhattan
| Oil Company. Speculation in the rail-
road stocks was active and varied, the
grangers leading in point Of activity.
Reports Of one or two southwestern
roads showing the increased earnings
! more than eaten up by enlarged operat-
ing expenses were a drag on that group
and there was some slight heaviness
among the trunk lines. Prices are as
rule higher, however. There was a
marked dininution in activity in the
latter part of the day ard the room
traders took profits, reducing the days
net gains below the figure of the ex-
IRENE advances.
There was very notable activity and
strength in the bond market and evil
dent pressure Of large sums Of money
seeking investment. Bonds CT west
ern and southwestern roads, especial
II reorganization bonds, seem to be in
special favor. and there was a strong
recovery of the Reading and Erie gen.
eral tours, which have recently been
under pressure. Iron Mountain fives
were also conspicuous. Pittsburg and
Gulf first dropped to CT, fall Of 2h
per cent, but fully recovered in the
late DEALINGS. Total sales. s5,915,000.
United States threes, old fcurs reg
istered and fives coupon advanced Il
in the bid price. The new threes were
very active. the coupon selling at 106
nearly all day which is the record
price. There We're s6S5,5oo of this is
sue changed hands during the day.
The total sales Of stocks to-day were
379 800 shares.