Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-02-06
Government bonds strong.
State bonds inactive.
Railroad bonds irregular.

State bonds inactive.
Railroad bonds irregular.
NEW YORK, February 5.-The stock
market was subjected to a notable pro-
mise of digestion to-day and came
through the ordeal remarkably well.
Stocks which were leaders in activity
and strength during the movement last
week were heavily sold to take pro-
hts. The profit taking was met by so
considerable an outside demand that
offerings were absorbed with little diff
Guilty and without any material con-
cession In price being made necessary.
Indeed, any approach in prices to Sat-
urdays level resulted In a notable
hardening in the market, the surface
becoming practically unyielding at Sat
urdays level. Offerings of stocks fell
to minimum and buyers, in order to
secure stocks, were obliged to raise
bids to point to yield profits to sellers
on their last weeks purchases. While
professional operators were thus TAX
1ng profits at some points in the list
they were replacing their funds in or
der stocks which had not moved last
week, or In which the movement had
been only inaugurated. Thus with
trading proceeding on an active scale
and the movement of prices taking on
a considerable degree of irregularity.
the market presented all the character
tstics of true bull movement. Upward
movements in prices were easily
achieved and the speculative sentiment
showed itself quick to respond to any
new developments regarding special
stocks. Thus a number of railroad
railroad stocks responded quickly and
emphatically to returns of earnings for
the fourth week in January showing
large increases over the high level of
Hast year. The leaders OF the railroad
list were the Norfolk & Western stocks,
the fourth weeks statement showing
an increase of $122,354 over last year.
AS this Is one of the roads which by
reason of previous heavy outlays, is
able to reduce the current rate OF OPP
Grating expenses the showing was
doubly effective. The common stock
advanced 33s and the preferred 1k.
Louisville, st. Louis & San Francisco.
Denver & Rio Grande and number
of other roads responded to good state
ments of earnings. st. Paul and Bur-
lington showed renewed strength on
reports of an improvement in the
movement of grain over western lines
ii addition to the extraordinary move
ment of general merchandise. The
iron and steel stocks continued very
prominent, and the leadership here was
shifted also, under the influence of re-
nlizing in American Steel & Wire and
some others. The new leader of the
group was National Steel which was
very heavily bought on floating re-
ports OF enormous earnings for the
past year to be shown by the forth
coming report. Reports Of similar
kind have been unheeded for months
past In Wall street, but to-day the
stock shot up under their influence an
extreme 37sc. Other members of the
metal group closely allied by identity
OF ownership moved in close sympathy.
American Hoop and Tin Plate are in
this class. Republic Steel, the Smelt-
ang stocks and Anaconda were also
strong. Spectators are inclined to.
discount to some extent the increase in
the circulation provided for in the fl
nancial bill before Congress and in con-
sequence ignore some of the indications
Ct encroachment on the money supply
On other accounts. The market closed
active and strong at best prices for
many stocks.
The bond market was irregular and
not active as of late. Total sales par
value s2,70S, 500.
United States old As and IS advanc-
ed Ac in the bid price.
Atchison ........ ........................2 015
DO preferred ......... ................. 6Sla
Baltimore and Ohio......................6 SIS