Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-12-20

Railroad bonds strong
There was no appreciate lel-up in
the furious activity in the stock market
to-day or in the exceedingly broad and
varied trading. A quick market was
offered for almost any volume Of stocks
and very notable strength continued at
various points in the list, but the bur
den Of the profit taking sales proved
rather heavier than for some time past,
and made more general inroads upon
prices. The market fairly turned re-
dictionary throughout at one time, I'M
der the influence of some rather violent
breaks in special stocks. in plate was
the most effective of these when it sud
denly slumped 3% after show Of early
strength. A drop of IA points in New
York Air Brake was impressive in its
way but had little effect on the mar
ket. The reactionary tendency Of the
junior Nanderbilts developed that spec
ulators had been taking rather too san
guine a view Of possibility Of readjust-
ments of securities of this company
Cleveland, Cincinnati, Chicago & ST.
Louis, and the New York, Chicago &
St Louis stocks fell heavily, although
some went up briskly in the morning.
An effort was made to reclaim the bull
position in the final hours by sudden
advances in Northern Pacific Sugar,
Illinois Central, General Electric, the
Chicago Terminal transfer stocks and
the Wisconsin Central stocks. The adj
vances in these above the low point ran
from 2 to 61a points. Prices did stiffen
In sympathy, but the speculative en-
thusiasm was not fully renewed and the
market closed very feverish and un-
settled with a point or more lost to
some of these sudden gains. Even the
Erie stocks, which have been the real
backbone for some days, came to a
pause to-day, and the first preferred
after rising 21a, reacted ~ with final
fractional rally. There have been such
reactions from top prices many time
before in the present movement OF
stocks and the real lack in to-days
market seemed to be that the new
stocks which were available to be rush
ed upwards as sustaining forces in the
market are growing exceedingly scare
Pretty much the whole list has been
exploited in the course of the present
speculation. The character of the mar
ket, otherwise than in these technical
particulars, was not materially chang
ed. Professional operators are con-
st8ntly on the lookout to take the bear
side of the market with the elimination
of the rise and they sold freely on the
short side to-day, as they have done
for several days past, but they also
covered largely before the close. The
general bullish enthusiasm up to this
time has proved too much for any re-
straining influence. A sustained bull
movement always means prosperity for
the large stock market contingent,
whose trade it is to operate in stocks,
and coming in the tide of the holiday
period, the present movement is espec-
tally popular. The demands CT the
speculation upon the money market
have made no impression yet upon
money rates, a development which
would prove an effectual check upon
excessive speculation. London was
quoted to be buyer of $4,000 shares
of stock on balance here to-day. but the
true origin of this buying is open to
doubt, in view of the advancing money
market in London and the failure of
the dealings to affect the sterling ex-
change market in New York. The in
1tial dealings here in the stocks which
We're mort effected in the early London