The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-24

toner who had siver an order to sell a
Diock OF IN active Issue received s,oVcJ
more than the order called FOR. owing TO
the violent rise while the order VIVA being
executed. Large operators were believed
70 have realized heavily In the early deal
ings. but there was said TO be considera-
pic taking back OF stock IN the afternoon
that had been sold earlier. and round
traders. Some OF the more sensational
movements were an advance OF lsS In
pittsburgh, Cincinnati Chicago Dc ST.
Louis to IS, a decline OF IS and not Enln
OF ~. Canada Southern advanced 10Y.
reacted 10 and gained Us Cleveland. Cln-
dropped points md closed within ! OF
tho best, New York Central advanced IA.
fell back 5h and ended with n net loss
or y. Manhattan rose fraciionally. broke
one time or another In the truding there
were extreme advances In the following
stocks. not previously enumerated:
Reading first preferred. ~ seconds ,;
lprennsiyivanla, Gls; Twin City Rapid
cral Electric, "a. Lackawanna, ~: Amer
lean Malt. AZ: Lake Shore and New York,
Chicago & St. Louis first preferred, 4 each.
International Paper 81; New York Cen
trail, aS; st. Louis G. San Francisco pre-
!erred and Delaware &. Hudson. 3 each,
and Northwest and Western Union. =.
each. After the early rise, the heavy sell
Ing movement dropped prices rapidly.
brooklyn Transit. Union Pacific. st. Paul,
New York Central and many other stocks
yielding from . TO 8 points. The market
became duh In the afternoon. but llvened
up later under the leadership OF the coal
ers. Enormous purchases OF Reading
caused the price 10 go up Il, and other
coalcrs were lifted from ~ TO ~. The
movement spread TO Ontario & Western,
which jumped ~ on transactions of over
2H0.QC0 shares. The belief seemed TO be that
the company would benefit by the better
conditions which were said TO exist In
that plan for hnrmonizing the conflict
Ing interests In the trade had reached n
preliminary stage. The EranrerS were
rather quiet in the afternoon. The specu-
Iative Interest centercd in the spcciai,ies;
Notwithstanding the undcrtone. OF
closed notably lower. The more proml-
nent were Union Pacific preferred. Omaha.
Federal Steel. Brooklyn Transit. Conso!I-
dated Gas. New York Central and Glu-
New York Air Brake suffered n loss of
"a The strength In Panhandle was said
TO he founded upon confidence that the
legal position OF the minority stocthod-
crs would lead TO the beginning OF dlvi-
dendS within comparatively short time
or In the sale OF the minority holding In
blocks. The extraordinary squirt in Clevc-
land. Cincinnati, Chicago & st. Louis was
on n statement TINT the Elndcrbilts had
acquired the property. In some quarters
the denial Of the reported plan OF con-
trolling interests In New York Central.
as far as they relate to other railroad
properties. were regarded as technical.
The market closed strong
Railroad bonds showed considerable
strength during the forenoon. and record
prices were obtained in many issues. IN
the subsequent dealings the market dis
played considerable irrcSularty. which
continued to the end.
U. S. old Is coupon and tho IS coupon
advanced 4 In the bid price.
Total sales OF stocks to-day were 1870 eco
shares.