Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-23
State bonds inactive.
Railroad bonds irregular.


Railroad bonds irregular.
Stocks-A fierce conflict ragged all
day to-day between opposing specula-
tive interests on the stock exchange.
The industrial specialties were the
chosen field of battle and the most vio-
lent contest ragged about Brooklyn
Transit, as has been the case for many
days past. This stock showed evidence
of support at the opening of the stock
market and got at one time over a
point above last nights closing level.
In face of this support and a rally in
of yesterday, the bears turned their at
tention to the other stocks, which
seemed for the moment to offer main
vulnerable point of attack. Sugar
dropped almost Immediately 21a on
account of the price of refined sugar
by the company and the meeting of it
by competing concerns. Steel and Wire
lost points on the failure of the list
ing committee of the stock exchange to
act favorably on the application Of the
company for the admission of the stock
to the listed department of the ex-
change. Later in the day Manhattan
and Consolidated Gas were added to
the objective points of the bears. All
these stocks were so severely handled
as to check very materially the dispo-
sition to buy railroad stocks, which
showed itself in continued force during
the early hours of the trading. Much
had been hoped by the friends of
Brooklyn Transit from the publication
Of a statement of the company's
finances and estimates of earning
power under the recent consolidation.
The statement when published proved
to be obscure and the estimates were
SO far from satisfactory that perfect
deMge of stocks for both accounts
were poured upon the market, carry
ing the price down by successive stages
to Il above par, an extreme drop or
nearly six points. Only the most de-
termined support checked the decline
at this point, enormous individual
blocks being taken before the rally was
effected. The stock was again lifted to
1925 and closed at 1925. The demon
alization in Brooklyn Transit was
shared in lesser degree by Sugar, which
dropped an extreme so; Manhattan,
which lost at one time nearly points,
and Steel and Wire common and pre-
ferred. Federal Steel, Peoples Gas
and Metropolitan Street Railway de-
clined from l to points. The extreme
weakness of the specialties was ig-
nored for time in the railroad list,
where there were early advances in
Denver & Rio Grande, Norfolk &
Western, the Reading stocks, B. & o.
and Wheeling & L. E. second preferred,
the latter rising over 2 points. The
continued and violent decline in Brook
Ign Transit caused sympathetic de-
preston throughout the market, earlier
gains being mostly wiped out and a
number of standard railroad stocks, in |
Guiding the grangers, dropping point |
or over below last nights prices. The |
rate for call money rose to per cent. |
late in the day, probably not without
manipulation, but quickly yielded to |
per cent, near which it had ruled all |
day. The final rally in Brooklyn Tran |
sit afforded relief to the whole market, |
and losses were partly retrieved, the |
most active specialties recovering from
| to points.
There was a notable advance late in |
he day in the Norfolk & Western |
,tocks after the common had reacted |
point with The general list These |
,tocks show net gains of 25s for COM |
non and 1@1A for the preferred. Lon
Ion sold about 10000 shares on balance
In this market.
The bond market was active, but |
changes were small and irregular. |
Total sales par value $267S 900.
United States bonds were unchanged |
On bid quotations.
Do. preferred ACKNOWLEDGEMENTS. 81
Baltimore and Ohio .. al. |
Canadian Pacific ACKNOWLEDGEMENTS. 81
Canada Southern Observation-Disclosures 315
Central Pacific SUI /
Chesapeake and Ohio ....... 2Si: /
Chicago Great Western ........ 15i1 /
Chicago, Burlington and Quincy 1851 |
Cfic2 On and Mort n va rasr, = .