Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-10-17

GOVeTnm DOnQS StTOHS.
State bonds inactive.
Railroad bonds firm.
Stocks-The stock market to-day
demonstrated the fact convincingly how
large a short interest had been elimin-
ated in the course of yesterdays whole
sale demand for stocks and the sup
porting influence of its element deprived
the bull pool element of a very e~ffectual
source of strength. The campaign for
the rise was by no means abandoned.
On the contrary very powerful and re-
sourceful efforts were made towards
continuing the upward movement of
prices. The notable buying of the dag
was in Union Pacific, in which transfers
of 1000, LOO and ever 5000 share lots
were frequently recorded on the tape.
1t was the advance in price that brought
out these offerings, and they were conf
IDENTIFY absorbed by the brokers having
the advance in charge. On the fire.
quent reactions the volume of dealings.
both in this stock and in others, which
were manipulated for a rise, fell away
notably, leading to recurrent periods Of
dullness during tine day. Norfolk and
Western gave most conspicuous evil
dence of concerted efforts for a rise next
to Union Pacific. But these movements
by the bull party did not become prom
inent until after very large selling or
ders to realize mad been accomplished.
The greater part of the frs. hour was
given up to furious activity, and a some
what wavering upward movement,
marking the feeding OF the outside de-
mand by those who had accumulated
stocks at the lower level. The taking
of profits during this period must have
been ON a very large scale. The suisse
quent efforts to resume the advance
met with a number of drawbacks, and
the very undertone the market gained
force as the day progressed. The clos
ing was distinctly heavy, with prices
below the best, and net losses in some
important stocks, while the striking net
gains we're confined to comparatively
few cases.
Partly as a cause and partly as IN
effect, there was a recurrence of some
OF the depressing sentiments regarding
the speculative future which have long
oyerhung the market. The fact emery
ed with some clearness that the large
short interest which was driven to
cover yesterday had been actuated to
take the bear side by drawing an ANIL
ogy with the corresponding period in
the last Presidential campaign. when
the stock market was violently dis
turbed and rapidly declining. The sud-
Gen frightening in the money outlook
by reason of Saturdays bank state
ment and the gold import movement,
gave the bulls an opportunity for "A
swift tu-n against their o%pponents.
There was some positive weakness in
Peoples Gas as a result of the PROPOSE
ton for municipal control of the SELL
ing price OF the product and some of
the steel stocks gave evidence of de-
preston. There were recessions in the
anthracite coalers on the delay in the
strike settlement. These and other
like minor considerations would have
been ineffective in yesterdays rush to
buy, but in the pause to-day they had
added influence. One large engagement
OF gold for import was announced. but
there is a striking falling off in the
number of cotton bills offering in the
exchange market which promises to
reduce the accommodating credits from
foreign cotton buyers. The violent re-
action in the price of cotton has check
ed the export demand, pending more
settled conditions in the trade. But
while this has diminished the cotton
bills of exchange, there is a correspond
ing falling off in the recent large de-
nands from the South for money
Money market conditions in New York
remained unchanged to-day, but there
was some renewal of an apprehension
that a later money strinsency might
not be entirely avoided.
The bond market showed a con.in-
uance OF yesterdays improved condi-
tons, prices generally advancing on an
enlarged demand. Total safes par
value $2,110.0
United States returning Is and the
cid As advanced Is per cent. on the
last call.
AJSaasou .....-. ZSs
Qo preferred ..-...... ............ IN
Baitimore and Ohio ........... ..-....e. 73s*
Canadian Pacific 81
Canada Southern .....,. 81
1 Chesapeake n Ohio ....... 80
! Chicago Great l05s
Chicago. Burlington and Quincy.......1s7
l Chicago and Eastern 1llinois... a215