Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-11-23

State bonds inactive.
Railroad bonds irregular.
There was the same ebb and now IN To-
days stock market that nave cnaracter-
lied it for several days past. Neither the
beginning or the end however, was so
well defined as they were yesterday. Inc
currents and cross-currentS. were very
conflicting all day and made 1t difficult 10
analyze the. tone, except during a period
of pronounced reaction, which developed
after the opening, and an equally pro-
nounced recovery before the close. The
close itself was reactionary and weak. un-
der the influence OF g violent prea ~, Oh
stock got up to 81 in the general rally OF
the market, but plunged downward 10
4634 in a few minutes and closed ABOUT
there, with heavy offerings still coming
on the market The professional traders
in Wall street have worked for some time
in the faith that they We're following the
bull leadership OF combination OF forces
between the most notable SPECTATOR IN
the street and newer and almost equally
dashing operator who made his mark ana
a deep one at that in the speculation IN
steel stocks during the last year and
half. The break in Steel & Wire coming
near home to this alleged speculative
combnati ton, served to unsettle sentiment
Very considerably at the close The bear
contingent succeeded in pretty well get
ting the upper hand early IN the day The
market opened with price currents NOV
ing in whirling eddles. There was cohlln-
ued strong absorption in some of yester-
days Strong stocks, the local fractions
and st. Paul being conspicuous: Later
strong demand developed for chesapeake
& Ohio on buying said to be for Philadel-
pla account. This stock moved up an
extreme 2$s per cent. This movemene,
however, was not sufficient to discourage
the profit-taking and bear pressure, winch
had been more or less manifest, especially
in the steel stocks, from the opening, and
the whole market fell away without much
support to the lowest of the DAY. Inc
rally was inaugurated in st. Paul That
stock was carried 10 1870 and the other
grangers, Sugar, the local traction stocks
and General Electric made the readiest
response. An effort was made to continue
the movement by the time-honored device
of bidding up the Vanderblts, but TINS
proved unavailing in face OF the acute
weakness shown by the steel stocks. Inc
news of the day was little regarded. Some
disappointment was felt at the cessation
of yesterdays heavy demand from Lon
don. That center turned seller to-day 10
the extent OF about 1909 shares on bai-
ance. There was failure OF expected
heavy demand for stocks from the west,
which was cut Off from wire commumcd-
ton yesterday. The bears were also in
clined to make capital out of the reported
dispute among the diplomats at Pekln,
and their tactics were SHOWN In the cir
culaticn of a rumor that the Car was
dead. The fact that these rumors We're
given some weight and that the Kruger
demonstration in Marseilles and the re-
ported injury to General Roberts had an
influence, tend to show that the move
ment of the market was to large extent
on sentimental grounds. The money mar
ket showed no signs of any stress from
the large speculation and was appreciabiy
easier on the large receipts of Australian
gold here during the week. Sterling e,1-
change hardened the large selling OF
stocks in London 1t is conjectured also
that sterling exchange is being accumu-
lated with a view TO New York subscrip-
tons to foreign loans.
The bond market was notably strong in
spots but weakened at other points. To-
tai sales, par value $3,515,0
United States refunding Is advanced Is
per cent and the new As Y per cent on the
last call