The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-11-25

stocks, pursued an upward course,
while the industrIals were on the down
grade. The movement Iii the railroads
proved rather more influential on the
general list than that in the industrials.
The undertone Of the market was un-
mlstakably strong and in the latter
part Of the day the strength became
more general. Profit taking before the
close reduced prices from the best. In
the body Of the active list net changes
are surprisingly small and while the
majority are gains there are important
exceptions on the side Of losses. the
Baltimore q Ohio stocks were the CEN
ter Of interest. The buying Of these
stocks was large from the opening, but
as the closing hour approached the
dealings assumed astonishing magnl-
tude. Blocks Of many thousand shares
of the preferred succeeded each other
in quick succession and were determine
eddy absorbed on constantly rising
price. The buoyancy OF the stock car
ried It up an extreme So points, but
closing was only slightly below that
The net gain in the common was ".
There was a heavy demand for Union
Pacific, but profit taking met the ad-
vance above 81 and its net gain was
only slightly over a point,
Dealings In Pennsylvania were on an
unusually large scale and It rose an
extreme az with a reaction OF Y. The
Hooking Valley stocks gained over a
point each on the declaration Of the
first dividend on the preferred. There
was q feVerish speculation In Console
dated Gas before the announcement OF
the determination not to advance the
price Of the product, thus necessitat-
sVh
rate war. The stock sold up to IL and
then relapsed 5Ik, and closed at frac-
tional recovery. The sensational COLI
lapse In Leather came after the rise to
2S. From that point the stock sold down
without any attempt at support to
1874. A fierce and stubborn contest
was waged around 10, from which the
supporters of the stock emerged trtum-
plant after absorbing the deluge Of Of
ferIngs. There were some evidences Of
strength here and there among the In
tlustrIals, notably in the iron and steel
stocks and Continental Tobacco stocks.
A considerable demand was due to the
efforts Of the short interests to cover
over the approaching double holiday.
Reports Of British successes in South
Africa were used with some effect by
the bulls. although London was a SELL
CT VII bhlhllGG III ILLS lllhlhGls ST &AHA .
third week statement showing mn in-
crease Of nearly $4,000 over last year
and other favorable railroad state
ments had Strengthening effect on
the list as did the placing Of Hooking
Valley preferred in the dividend list
with the declaration of the first divi-
dend Of ~ per cent. The principal In
fiuence in to-day's trading was the ex-
pectatlon that the bank statement to-
morrow Will make a strong showing
and thus give an impetus to specula-
ton on Monday. The sub-treasury OPP
erntlons for the week show gain by
the banks Of $7.S27,O 900. AS the loan eX-
pansion does not seem to have been
large, very considerable recuperation
of reserves thus seems assured.
There was good absorption Of bonds
ut advancing prices. Total sales par
value, S2,160.0OO.
United States So and new Is advanced
Il per cent In the bid price.