The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-11

over million shares on two successive
days, to-day beinE the fifth million
shares dag In fifteen years. Practically
ali the railways except AtchiEJn prefer
red. showed gains Of e po!nt.a one time
or another in the dag. In the late sell
ing movement when the specialties were
hammered sonc OF the advances were
lost and In special cases as in missouri
Pacific and Kansas 6 Texas preferred
the entire gain, was wiped out. MOST OF
the grangers touched the highest prices
yet reached In the current movement.
The most conspicuous advances among
the railways Gere those OF Great North
err preferred, which made al extreme
OF 81, Manhattan over and Reading
3 2 each. The extreme rise among the
spccIaities was that OF New York Air
Brake i0h. while Standard Distilllng.
Standard Rope and Irvine and Bay
State Gas were very strong. Sugar, To-
bacco. Federal Steel. American S2irits
and Laclede Gas lost ground. There
was a tone OF confidence at the opening,
although there was evidence OF much
foreign and domestic realizing which
In spots brought recessiohs when, soN-
ever, were generally quickly recovered.
The prices OF most international stocks
were shaded and It was estimated that
London sold some $4,000 shares, mostly
AtchisoES, while there were some pur-
ctascs from that quarter Of Chesapeake
&; Ohio and Southern Railway. Altoo-
gether It Is estimated that the aroi-
TRACE business OF yesterday and today
which on balances were sales, footed UP
TO 10000 shares. 3
A number OF high grade bonds were
sold for continental account Locally.
traders and commission houses we're
considerable purchasers OF some STOCKS
while they realized on others. Favor
able forecasts OF probable action on the
Louisville dividend tomorrow brought;
support to that stock. It was said that
the New York Air Brake Company had
secured the contract for eGuippinS IN
part at least, the New York Central
railroad with air brakes and TO this
may be attributed the sensational rise
O. the ali brake stock. Much attention
was given to other speclalties and the
low-priccd railways. The rise In Man.
haitian was accompanied by the storSt
that the money for equipping the road
with electricity had been raised and
that the Walker company would get
the contract. At one time selling re-
suited from talk that the banks were
using extraordinary discrimination In
making loans on collateral. But later
interviews with bankers were dissemi-
mated, tending TO show that liberal
terms were offered on proper loans.
California shipments of money 20 this
centre which had considerable influence
on the market last week were said TO be
continued. Some OF the most important
interests In the street were prominent
buyers after an early reaction. These
purchases were largely confined TO the
grangers. This was accompanied By
some realizing In other quarters Of the
market The advance In General Elec-
tric was said TO be on progress made *
negotiations fo- consolidation with the
Westinghouse company. Federal Steel
was heavy ard less prominent than
usual in the days business.
Transactions in bonds were almost
100000 below yesterdays total and
there Is also al absence OF the violent
upward movement. Profit taking was
evident in some OF the minor specula-
tive issues but pigh grade mortgages
were well maintained and advanced
generally Total sales. $5.57o,0OO,
United States new AZ. the old +s,regis-
tered the IS registered declined 4 and
the IS Il in the bid price. Tic IS coupon
advanced q per cent.
The total sales OF stocks to-day, were
l030 500 shares,