Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-29
Government bonds easy.
State bonds weak.

y. ?. % coup0H
State bonds weak.
Railroad bonds strong.
tStocks-Another day of furious ac-
tivity and buoyant rise of prices mark
ed the further progress of the bull cam
paign in the stock market. The pro-
cess of digesting profits by selling out
on the upward urs was going on all
the time and caused an appearance OF
ONE ~irregularity by pulling back
stocks here and there. But the buying
demand and the absorpt1ve power of
the market were not at all impaired
by this process. The market gave
every appearance of having shaken on
the control of the professional ele-
ment. Manipulation was in evidence
in some individual stocks and the buy
ing by the professionals on a large
scale emphasized the advancing tend
ency in some cases. The profit by the
same element some times checked or
prevented the advance in other stocks,
but the large general demand for stocks
from all sources carried everything be-
fore it and made the undertone of the
market aggressively strong throughout.
There is manifestly a very large body
Their orders are executed through COM
mission houses and are received by
wire and mail from all quarters. 9th
er movements are incidental due to in
dividual causes in special stocks or to
the movements to take profits above
indicated. Sugar was a point of weak
ness at different times during the
whole day and there was a heaviness
here and there in the iron and steel
Etocks. There was some disposition to
go contrary to London's lead, a num-
Der of the stocks which were advanced
In the market being heavily sold here,
while others which fell in the early
trading there were abruptly advanced
here. This was notably true of the
Reading stocks and of Pennsylvania,
in which profit takings was in evil
dence in this market all day. There
was some heaviness during the early
hours in the Pacifis also, but as the
ter group became very aggressive, led
by Northern Pacific, Atchison preferred
and Southern Pacific were all bought
on an enormous scale at advancing
prices, the latter meeting the heaviest
opposition in profit taking. Peoples
Gas was aggressively strong, also, and
the strength was disseminated all
through the list. The trading in Sugar
was very large and the price move
ment feverish, the stock closing at
about the lowest, having fallen an ex-
treme 5A.> A cut in price by a rival
company was the cause of the weak
ness of the stock. The special news Of
the day was little regarded, as the
whole movement in stocks is based up
on general conditions. The statements
of railroad net earnings for February
published during the day were con-
frmatory of the impression made by
the January statements of an unpre-
cedented level of earnings for rail-
roads. st. Paul, with it's heavy charg-
er for operating expenses and a re-
sulting decrease in net earnings, was a
notable exception, but the price of the
stock was not affected. A feature of
the day was the further sharp advance
in the rates of sterling exchange. The
fact that London is carrying stocks
with money borrowed in New York
serves to explain the apparent anamo-
ly of a rise in sterling exchange rates
when London buys stocks here and an
easing of the money market when it
sells. Another very heavy days bust
ness done in railroad bonds and with
the exception of some profit taking in
speculative issues, prices were higher.
Total tales par value 81, 4s0, 900. United
States Is declined II in the bid price.