Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-25
Government bonds firm.
State bonds inactive.
Railroad bonds firm.

Railroad bonds firm.
Stocks-The stock market to-day
showed divergent movements Of few
of the industrials and a handful OF
railroad stocks. The few conspicuous
railroad stocks pursued an upward
course while the industrials were on
tie down grade. The movement in the
railroads proved rather more infiuen-
tial on the general list than that in the
industrials. The undertone of the mar
ket was unmis takably strong, and in
the latter part of the dcv 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 & Ohio stocks
were the centre Of interest. The buy
ing of these stocks was large from the
opening, but as the closing hour ap
preached the dealings assumed aston
ishing magnitude. Blocks of many
thousand shares of the preferred sue
ceeded each other in quick succession
and were determinedly absorbed on a
constantly rising price. The buoyancy
of the 1ck carried it up an extreme
81 points, and closing was only slight
ly below that. The net gain in the
common was rs. There was a heavy
demand for Union Pacific, but profit
taking met the advance above 81, and
Its net gain was only slightly over
point.
Dealings in Pennsylvania were on an
unusually large scale and it rose an
extreme "a with a reaction of II. The
Hooking Valley stocks gained over
point each on the declaration of the
first dividend on the preferred. There
was a feverish speculation in Consoli-
dated Gas before the announcement of
tho determination not to advance the
price of the product, thus necessitating
the continuance of the destructive rate
war. The stock sold up to 11a and
then relapsed 51a and closed at a frac-
tional recovery. The sensational col
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 tri-
umphant after absorbing the deluge of
offerings. There were some evidences
of strength here and there among the
industrials, 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 success in
South Africa were used with some eff
feet by the bulls, although London was
seller on balance in this market st.
Paul's third week statement, SHOWING
an increase of nearly $4,000 over last
year, and other favorable railroad
statements had a Strengthening effect
on the list, as did the placing of Hook
ing Valley preferred in the dividend
list with the declaration of the first
dividend of liz per cent. The principal
influence in to-day's trading was the
expectation that the bank statement to-
morrow will make a strong showing
and thus give an impetus to specula-
ton on Monday. The sub-treasury oper-
ations for the week show gain by the
banks of $7,S27,Ooo. As the loan ex-
pansion does not seem to have been
large a very considerable recuperation
OF reserves thus seems assured
There was good absorption of bonds
at advancing prices. Total sales par
value $2,1s0,OoO.l
j United States ss and new As advanced