Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-24
Government bonds strong.
State bonds strong.
Railroad bonds irregular.

New York, January 23.-Speculation
In stocks to-day passed previous high
record marks both in volume and in
prices attained. Transactions in stocks
figured for 100000 shares and the
sales of bonds reached 9,046, 900.
Trading was furious at the opening
n the highest prices were reached
in most stocks on the initial bulge with
advances of 5 to 10 points in soIA
cases. There were subsequent violent
breaks on enormous realizing of prof
its. The market then became quieter
until another exhibition of strength in
the afternoon when the coalers and
Gould stocks got to the best. The
bank statement, which seemed TO as
sure easier money, was the main
spring in the markets strength. Lon
don opened firm but declined on oper-
ators taking profits and then steadied
on curb transactions. The extent of
the public's interest in the market was
reflected by the congestion of business
on the stock exchange and the commits
sion houses. For instance it was an
nouneed to a brokers' customers today
that all orders would be taken subject
to delay rs their representatives on the
floor was unable to attend to all of
their business and that floor brokers
were refusing orders as they had more
on their hands than they could exc
cute. 1t was the usual thing to refuse
to accept stop loss orders as the trad
ing was too violent to guarantee their
execution. AS an incident conveying
an impression of the extent of the
early advance was that a customer
who had given an order to sell a block
of an active issue, received $40, 900
more than the order called for, owing
to the violent rise while the order was
being executed. Large operators were
believed to have realized heavily in the
early dealings but there was said to be
considerable taking back of stock in
the afternoon that had been sold
earlier and round amounts of stock
were covered by the traders. Some Of
the more. sensational mo>ents were
an advance of 1880 in Pittsburg, Gin
%cinnati, Chicago & st. Louis to SSc, a
decline of 1Sc and a net gain of 4sc.
Canada Southern advanced 101hc, re-
acted 10c and gained SEC. c. C. G. &
st. Louis rose size, dropped 4 points
and closed within 1c of the best. New
York Central advanced 3sc, fell back
Sac and ended with a net loss of &c.
Manhattan rose f~ractionally, broke 3
points,, rallied 419c and closed &c UT
At n time or another in the trading
there were extreme advances in the fol-
lowing stocks, not previously enumer-
ated:
Reading first preferred 7%, seconds
3, Pennsylvania 61a, Twin City Rapid
Transit 5A. Ontario and Western 5ss,
General Electric Az, Lackawanna Az,
American Malt Az. Lake Shore and
New York, Chicago & st. Louis first
preferred 4 each. International Paper
81 New York Central 31s, st. Louis &
San Francisco preferred and Delaware
& Hudson 3 each and Northwest and
Western Union 2s each. After the
early rise the heavy selling movement
dropped prices rapidly, Brooklyn
Transit, Union Pacific, st. Paul, New
York Central and many other stocks
yfelding from 2 to 5 points. The mar
ket became dull in the afternoon, but
uyened up later under the leadership