Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-03
Mexican dollars 47Ac.

| Government bonds strong.
| State bonds inactive.
Railroad bonds strong.
| StOcks-The stock market took on a
show of great animation and strength
| to-day and some very striking net
gains resulted. The general list, how
ever, though higher in price at the
close, developed little activity. The
operations which totalled 950,200 shares
sold were largely confined to the pro-
| fessional element. The upward move
| ment was obviously based upon the
easier tone of the money market. The
| largest operations were by powerful
pools and strong financial interests
which have at command money re-
| sources outside the usual money mar
ket circles. The prevailing opinion in
| Wall street is that prices Of stocks
would move upwards easily If the OBJ
| stacle of stringent money were re-
moved. The large outstanding short
interest in stocks has been palpably
uneasy for some time past and any in
dication of relaxation in the tightness
CT money makes them inclined to cover
their short contracts. The professional
| pool operations in a number of prom
inent stocks to-day were obviously di-
rected against the bear contingent and
with good success. 1t is very probable,
points is based on expectation of a rise
in prices on account of growing pub
| lie interest in stocks. 1t is in the
| period of year which under normal cir
cumstances the extra uses for money
in the moving of the crops begins to
show diminution, releasing large funds
for employment in stock speculation.
Expert opinion, however, is by no
means unanimous that funds will be
released in the usual volume this fall
owing to the marvellous business ex-
pansion. Outside the highly specula-
tlfC lluuSll iolS, lIt6 IIOf III luG
railroads central in the southwestern
group. The special strength and ac-
tivity in Southern Pacific helped the
Southwestern and was based on cur
rent rumors of readjustment of control
The belated movement in cotton was a
factor of strength among both South
ern and southwestern railways. There
were special movements besides in
Cleveland, Cincinnati. Chicago and ST.
Louis and Chesapeake and Ohio, and
some demand for the coalers. The up
ward movement in the iron and steel
stocks encountered difficulties as did
that in Brooklyn Transit. Speculation
in Leather continued on an enormous
scale, the stock rising an extreme 31s.
Sugar was also very prominent and rose
at one time points. There were not
able movements in Standard Rope,
Peoples Gas, and Manhattan. The ex-
tent of the advance invited heavy real
izing, especially during the last hour
and some stocks showed reactions Of
between 1 and 2 points from the high
est. The general tendency was yield
ing in spite of fresh advance in
Southern Pacific to Ak and in Ches-
apeake and Ohio to 20. The upward
impetus at the opening was caused by
higher quotations from from London
and the effect was exaggerated by the
circulation of canAd alleging a dis
astrous defeat of the Beers at Lady
smith. Manipulations for the rise was
very apparent all day. The bond mar
ket was active and strong, the demand
being very well distributed. Total
sales, par value, s9,395,Ooo.
United States old As advanced Il and
the IS. new As and IS 1s in the bid
price.
Atchison %