Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-04-07
Government bonds irregular.
State bonds inactive.

Railroad bonds irregular
Stocks-Speculation In the indus
trials and the railroad stocks showed
a distinct dividing line to-day. Both
departments were extremely irregular,
but generally speaking the industrials
were strong and the railroads were
heavy. The sagging tendency of the
railroads seemed due for the most part
to selling to take profits. The volume
of the buying demand was very much
diminished and the realizing was con-
Quoted therefore under that much dis
advantage. The selling was not in
great volume, but when 1t did attain
to any proportions the downward
course of prices was quite fast. There
were some points of strength in the
railroad list, but the few advances
were not well maintained and were
not effective in sustaining the rest Of
the market. Pennsylvania lifted at
one time over point, and other
stocks to show strength were B. & o.
preferred, Missouri Pacific, Burlington,
Canada Southern, and, after an early
period of weakness, Southern Pacific.
The last named stock sold off sharply
in the morning on rumors of dissen-
sions among the directors which were
circulated by the bears anad subse-
uuently denied. This was about the
only railroad stock to reflect any
positive aggression, the bears show
ing a avery cautious disposition, but
the other Pacific stocks were sold more
heavily than the average to take
profits. London was a free seller
with considerable influence upon sent
iment and the news of trouble in
British West Africa and the new mis-
hap to the British troops through the
Free State prompted some selling at
rst hand by the local traders. The
industrials and specialties made a
notable show of strength, each appar-
emily under the influence of some in
dividual cases. Sugar was bid up
against the shorts with the suggestion
that recent operations might have
resulted in a transfer Of control.
Peoples Gas moved up on persistent
reports of the absorption of the Ogden
Gas Companies. The rubber stocks
were strong on the dividend declara-
lions and the earnings statement.
Leather and Tobacco moved upwards
under manipulation. The New York
public utilities moved upwards under
q demand from the short interest. The
was not fully maintained. Minneapo-
lis, ST. Paul & Ste Marie stocks rose
Preliminary estimates of the week s
cash changes indicate favorable bang
statement tomorrow. Sub-treasury
operations alone have yielded $3,S51,-
900 to the market. The currency
movement with the interior by express
has been considerably smaller both
ways than last week, but the net gain
for New York is about half million
dollars. A further loan expansion is
expected on account of the stock mar
ket activity, but it will probably be
partially Offset by the further liquida-
ton of loans for holding government
bonds which have continued to come
on the market. Sterling exchange
rose sharply to-day under the influ-
ence of London selling of stocks,
irmer money in London and easier
money here. The rate is now within
measurable distance of the gold ex-
port point and if the same conditions
continue for any length of time gold
will likely go out in the immediate
future.
There was decrease in activity in