Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-01-11
Government bonds irregular.
State bonds inactive.

LIZ oS COupOit 4IO "a
Government bonds irregular.
State bonds inactive.
Railroad bonds irregular.
Stocks-For the first time in the his
tory of the stock exchange there was
trading in over million shares on
two successive days, to-day being the
fifth million shares day in fifteen years.
Practically all the railways except
Atchison preferred showed gains of a
point at one time or another in the
day. In the late selling movement
when the specialties were hammered
some of the advances were lost and in
special cases as in Missouri Pacific and
Kansas & Texas preferred the entire
gain was wiped out. Nest of the
Changers touched the highest prices
yet reached in the current movement
The most conspicuous advances among
the railways were those of Great
Northern preferred, which made an ex-
IRENE of 5A, Manhattan over 3 and
Readings 2 each The extreme rise
among the specialties was that of New
York Air Brake, 1912. while Standard
Distilling, Standard Rope and Irvine
and Bay State Gas were very strong
Sugar, Tobacco, Federal Steel Ameri-
can Spirits and Laclede Gas lost
ground. There was a tone OF conf
dence at the opening, although there
was evidence of much foreign and do
nestle realizing, which in spots
brought recessions, which, however
were generally quickly recovered. The
prices of most international stocks
were shaded and it was estimated that
London sold some $4,000 shares, mostly
AtchisOn, while there were some pur-
chaseS from that quarter of Chesapeake
& Ohio and Southern Railway. Alto
gether' it is estimated that the arbi-
TRACE business of yesterday and to-day
which on balances were sales, footed
up to 100000 shares.
A number of high grade bonds were
sold for continental account. Locally
traders and commission houses were
considerable purchasers of some stocks
while they realized on others. Favor
able forecasts Of some probable action
on the Louisville dividend tomorrow
brought support to that stock. 1t was
said that the New York Air Brake
Company has secured the contract for
equipping in part at least, the New
York Central railroad with air brakes,
and to this may be attributed the SEN
Sational rise of the air brake stock
Much attention was given to other
specialties and the low priced railways.
The rise in Manhattan was accompan-
led by the story that the money for
equipping the road with electricity had
been raised and that the Walker Com
pany would get the contract. At one
time selling resulted from talk that
the banks were using extraordinary
discriminating in making loans on col
lateral But later interviews with
bankers were disseminated tending to
show that liberal terms were offered
on proper loans. California shipments
of money to this centre which had con-
siderable 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 Changers. This
was accompanied by some realizing in
other quarters of the market. The adj
vance in General Electric was said to
be on progress made in negotiations
for a consolidation with the Westing
house Company. Federal Steel was
heavy and less prominent than usual
in the days business.
Transactions in bonds were almost
100000 below yesterdays total and
there is also an absence of the violent
upward movement. Profit taking was
evident in some of the minor specula-
tive issues, but high grade mortgages
were we'll maintained and advanced
generally. Total sales $5,570000.
United States new As the old As reg
istered and the IS registered declined
Il, and the IS Is in the bid price. The
IS coupon advanced CSC.
The total sales of stocks to-day were
1,030,S00 shares. Quotations closed
bid: