Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-02-28
Bar silver $3.50.
Mexican dollars 47%c.
Government bonds buoyant.
State bonds inactive.

State bonds inactive.
Railroad bonds irregular
STOCKS-The violent fluctuations
OF prices of a limited number of
stocks on the exchange to-day realiz-
ed the professional traders dreams of
Elysium. Handsome profits were
realized within a space of ten minutes
and necessarily heavy losses had to
be pocketed. But it all added to the
excitement and interest OF the haz-
ard and the board room traders kept
the speculation at the boiling point
working in and out of the market
many time sduring the day. The
commitments were made almost en-
tirely on the bear side of the market,
but the frequent taking of profits by
covering of shorts worked frequent
and violent rallies, keeping the mar
ket for the specialties in state of
feverish uncertainty with cratic
f1uctuation whose end it was impos-
sible to see. Third avenue was the
centre of interest as on previous days
of this week. On the sale of 2,100
shares at the opening quotations
were practically lost, simultaneous
sales being made all the way between
i
close. The limits of the total stock
issued seemed to be no bar to the
volume of the transactions. The de-
tailed record Of the stocks cratic
course during the day would be with
out interest. At the lowest price it
was 2012 points below last nights
quotation and a final fractional rally
was spasmodic and without signifi-
canoe. Sugs- maintained it's promi-
nent place in the market, but re-
fected much doubt and uncertainty
on the part of the large outstanding
short interest. 1t was forced down to
1G11s and in the late dealings rallied
strongly to 1854 with only frac-
tional reaction. There was much
disorder and weakness manifest at
other points in the list of specialties,
notably in the local traction group
and Tobacco. But an active demand
for some Of the railroad stocks on re-
ports OF large earnings and covering
of shorts in the specialties brought
the market to high level and a
quiet tone. During the hour after
nour after noon the market seemed to
have divorced itself entirely from
the demoralizing influence of the
movement in Third Avenue. But in
the next hour the bears fell upon the
whole list tooth and nail forcing
down Western Union an extreme 334
and Baltimore and Ohio "a. Weak
ness spread IRON these to other points
in the railroad list and wide losses
were effected among the industrials.
The local traction group were down
from IA to 512, United States Leath-
Or over q; Rubber preferred 3; Amer
lean Hoop more than 4; New York
Air Brake, and many railroad stocks
from / to 2 points. The latter Penn
sylvania.
Pittsburg, C. c. and st. Louis drop
ped t. The bears rushed to cover at
the decline causing a rally of from
1 to 21ac in the stocks which had
shown greatest weakness. The final
downward plunge in Third Avenue
was offset by the sudden rise in Sug-
ar, leaving the tone in the general
list confused and unsettled but with
losses in some points in the railroad
list practically recovered. Strong
showings of net earnings for January
were made by Atchison, with an in
crease over last year of seventy-one
pei CSnl, Ellc With dI lHCI6lS6 OI II
per cent and Pittsburg c. c. & st.
Louis and Buffalo, Rochester and
Pittsburg, Southern Railway made a
strong showing of gross earnings for
the third week in February. London
bought stocks here but not on large
scale, the surrender of General Cron-
je having apparently been discount
ed. The tone of the money market
was firm though rates were not quot
ably higher but collateral is scrutin-
lied with growing care and the stand
ing and resources of borrowers are
considered. The fact that the SUBJ
treasury has absorbed since last Fri
day nearly six million dollars of cash
can not be without influence in the
stock market.
Railroad bonds were dull and ire
gular. Total sales par value 81 $780,
600.
Government bonds continued their
buoyant advance. United States new
As advanced ~ and the IS, old As and
5s n in the bid price.