Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-04-06
Mexican dollars 47%c.
Government bonds weak
State bonds strong.
Railroad bonds firm.

Railroad bonds firm.
The stock market continued it's ac-
tive and extremely irregular character
to-day. There was some hesitation
at the outset and profit taking was
on large scale during the early hours
OF the day, but the aggressive strength
of some individual stocks, notably
Pennsylvania, and Baltimore & Ohio,
served to sustain prices in the face
of realizing until the latter part of
the day. The market then developed
unmistakable symptoms of being over
bought and the pressure to sell in or
der to realize profits became urgent,
The reaction in Pennsylvania and Bal
timore & Ohio left prices without
sustaining prop and they crumbled
rapidly. The Pacif1cs, the grangers
and some of the Southern railroads
were most strongly affected, but the
whole list fell easily, and efforts to
support the market were apparently
selling movement was allowed to spend
itself before support was forthcoming.
There was a rally in the last fifteen
minutes, but it retrieved only a small
part of the decline. The operations
in Pennsylvania were on a similar
scale to those of yesterday and carried
he oil i,%
years highest level. The very large
selling orders which wer detected in
the stock aroused uneasiness in spite
OF the upward movement in the price.
Baltimore & Ohio was rushed up also
to size and proved unable to hold
the advance, which was unaccompan-
led by any news of further develop
ments to account for the strength.
The top-heaviness of Pennsylvania
and Baltimore & Ohio decided the re-
dictionary character of the market on
the announcement of no dividend on
Baltimore & Ohio common stock. Wall
street was full of rumors of further
combinations already effected or to
come In the trunk line territory. The
rumor of combination of the coal
ers were persistent and raised the
prices of those stocks for a time, but
they yielded sharply on denials of the
rumors. Various minor roads in New
York Central territory were affected
in the same way. There was a gen.
eral wiping out of gains of this charac-
ter in the late reaction. The Hooking
Valley stocks showed notable strength
on reports of large earnings, the COM
mon crossing 40 and retaining net
gain of 1Ac. The general news and
coalitions continued favorable to values,
money working easier and good assur-
ance being afforded of a favorable
bank statement. Reports of earnings,
especially of soft coal roads were not
ably large. London was a seller of
stocks here with an effect on senti-
ment out of all proportions to the VOL
ume of the transactions The sensi-
t1veneSS or the market to this influ-
ence and the continued firmness of
sterling exchange while London buys
stocks leads to considerable question
ing as to whether foreign operations
are not conducted under cover and
through channels other than those un-
der observation.
Dealings in bonds continued on a.
very large scale and at advanced
prices, Total sales par value $780,
600.
United States Is declined &c and all
other issues Nc in the bid price.
Atchison ....:..- ...!.......,............ 275s
Do preferred 721s
Baltimore and Ohio ..................., S.
SG snssnaata Pao od ohio ...... A