Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-28
Mexican dollars 47%c.
State bonds inactive.
Government bonds irregular.
Railroad bonds strong.

Railroad bonds strong.
Stocks-The stock market continued
very active and varied, but there was
an appreciate chez to the upward
movement of prices and a distinct fall
ing off in the volume Of the demand.
The disposition to realize made itself
felt in additional stocks. AS a conse-
quence the market came to that con-
dition during the day which the pro-
f%essional operators called tired. It's
absorptive power was impaired and the
weight of profit taking proved too
much for many stocks, which have
been most prominent in the recent up
ward movement. This was conspicu-
ously SO of the Southern group of trunk
lines including Pennsylvania, Norfolk
& Western and Baltimore & Ohio. The
stocks of the latter company fluctuated
widely all day and were under very
palpable manipulation. The common
and preferred stocks were again osten-
tatiously brought to a parity in the
late dealings, the purpose of the man
oeuvre vas evident from the sugges-
ton set afoat that if Baltimore &
Ohio common, without paying a divi-
dend, could cross the preferred stock,
other common stocks in the same stu
alton might do likewise. The Pacific
stocs had to absorb a large amount of
realizing and the southern and south
western groups were affected by the
same cause. The bituminous coal
luads also came to a halt. Other
points of strength developed in the
list and the net changes show a large
proportion of gains. The tone of the
market, however, was by no means so
strong as yesterday and the transac-
tiops were on a smaller scale. The
c~oalers, the high priced industrials, the
iron and steel stocks and local trac-
tons all showed evidence of strength
and there were some conspicuous ad-
vances in stocks not usually traded in
TO any extent. 1t would be difficult to
assign a clause in any news of the
day for the check to the advance, but
speculative sentiment accorded more
attention to unfavorable possibilities,
even of a contingent nature. Thus
some question was allowed to rise of
the future of the money market al
though the present tendency is all to-
wards greater ease, rates for call loans
dropping to 2 per cent late in the day.
The banks are gaining cash on sub
treasury operations, and the interior
continues to remit to New York in
payment OF loans incurred for the pur-
chase of government bonds and the
completion Of the payments of the
premiums or government bonds offer
ed for conversion will result in renew
cd drain into the ~sub-treasury so long
ns the governments revenues continue
SO largely in excess of expenditures.
A suggestion of another drain on re-
sources for government account is con-
tanned in the sailing for Manila to-
day of the transport Sumner, taking
out 81, 900 for the paymaster's de-
partment in the Philippines. The fact
has developed regarding London's buy
ing of stocks recently in this market
that the funds for these operations are
due to loans secured in this money
market, which explains the firmness
of the sterling exchange market in
face of the London buying, and the in
difference of the London speculative
movement to the s~tringency of the
London money market. London took
profits on a large scale to-day and it's
selling Of stocks about equalled its
buying. A number of strong returns OF
net earnings for February was disre-
garded in the trading.