Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-05-19
State bonds inactive.
Railroad bonds strong.

u. ). oS CoupoES..... ..........1io
State bonds inactive.
Railroad bonds strong.
Stocks-To-day ended on the stock
exchange with the bears apparently
unoprosed and in complete possession
of the market. They made fierce at
tack on prices along the whole line in
the final hour, after evidences of real
izing at various points in the list had
become quite palpable. The largest
volume of profit taking sales came
upon the market after quite an ex-
tended list of railroad stocks had been
taken in hand and pushed up to de-
cidedly higher level This movement
in the railroads continued after The
leading specialties had begun to SO
down, and gave suggestion of a
shifting of speculation by taking out
profit from the specialties and putting
them into railroads. But the railroad
list suCcumbed to the late attack,
many stocks losing between one and
two points, and Burlington dropping
"a below the high point of the day.
Practically all the earlier gains in the
railroads were wiped out, though small
net advances remained in very few
cases. Prices were marked up at the
opening to accommodate the outside
public, who were coming in to buy
after yesterdays notable advances.
The demand from that source was soon
satisfied and prices yielded, and the
market fell into dullnesS at the de-
cline. Losses were sharpest, of course,
in those stocks which have been
rushed up during the last few days.
sistance and Manhattan was notably
strong, touching ia. Minneapolis, ST.
Paul and Sault Ste Marie, which had
not moved in long time, became
briskly active, the common stock ris-
ing 1917 and the preferred 71a. AS the
day progressed large demand sprang
UP for Atchison preferred, the grang-
ers, Union and Northern Pacific and
other standard railroad stocks. Very
heavy blocks of Atchison preferred
were taken on the rise and the price
in a number of cases advanced over 4
point Anaconda Mining also figured
in a gain of 81 points. 1t was under
cover of this movement in the rail-
ways that the realizing of profits in
the specialties was in progress. Nearly
all the Flower specialties, Sugar and
Tobacco began to sag under the weight
of the sales. In the fierce attack
which the bears were thus encouraged
to make on the market, Sugar and
Metropolitan Street Railway dropped
over points, Brooklyn National Tran
sit AZ, and a number of other special
ties points or over. There was a
momentary rally, but prices plunged
downward again and the closing was
very weak and unsettled, Sugar alone
rallying over point on the taking of
bear profits, but the shares generally
ended at the lowest of the day. There
was nothing in general news of The
day which seemed to influence the
trading unless it might be a further
hardening in the rate of exchange,
which continues to rise and is near
the gold import point, in spite of the
continued ease of money and the ap-
parent abundance of funds both here
and in the interior. There was no
diminuition in the heavy demand Cor
the new bond issues of some of the
railroads, notably the Central Pacific
organization issues. Prices of railroad
bonds held notably firm in face of
the late weakness of stocks. Total
sales, s5,020,O00
United States IS advanced "a in the
bid price.
The total sales of stocks to-day
amounted to 1881 shares. Quota
tons closed bid: