Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-11-10
Mexican dollars SOC
Government bonds strong.
State bonds inactive.


State bonds inactive.
Railroad bonds strong.
Stocks-To-day will prove a memoir
able one in the history of the stock ex-
change, both by reason of the amount
and the great variety of business done.
The aggregate number of shares OF
all stocks traded in footed up no laos
than 1.544,O00 shares of listed issues
and the number of different stocks
dealt in amounted to LIT issues. There
were none Of the enormous individual
transactions which showed in the ex-
cited trading and extensive buying OF
Wednesday. Neither was there the
synchronous movement of the whole
market which was SO conspicuous on
Wednesday, including the brief period
of reaction after the first upward rush
OF prices.
To-day's market, on the contrary,
was exceedingly varied and irregular
all day and the furious activity con-
tinued without intermission or abatc-
ment from the opening until the close.
The first transactions showed prices OF
some stocks pushing upward, while
others yielded sharply to the pressure
of realizing sales. Both movements
proceeded with undiminished vigor and
with entire disregard of the divergent
tendencies at work. Different stocks
and different groups Of stocks were
successfully brought forward into the
advance and successfully yielded to
the pressure of profit taking sales,
while spectators rushed to another
group, transferring their profits from
one quarter Of the market to be In
svested in another. Nothing should be
more characteristic of a genuine bull
market in full swing, and the fact that
the rotation of the speculation brought
it around into the railroad group again
before the day had elapsed, added to
the confident sentiment for the ad-
vance. At the opening and during the
earlier part of the day, the raie o>l
stocks were distinctly under pressure.
Northern Pacific and the whole of the
Pacific group, as well as Pennsylvania,
ruled under last nights closing level.
But under the sustaining influence Of
the strength in other points in the
market the profit taking in the rail-
roads, including continued heavy sell
ing for London account, proceeded
without serious impairment of prices.
The local traction group and the mer-
curial industrials, including Sugar and
Peoples Gas, continued yesterdays up
ward rush for a time, and then sue
cumbed to the season Of profit taking.
Speculative interest shifted to the
steel stocks and ultimately carried
most stocks in that group upward from
three to over five points, the latter
figure for steel and wire, which came
late into the movement. The demand
for these stocks and their gains were,
on the whole, the most conspicuous
and well sustained of the day. The
coalers advanced as a group, Reading
first preferred leading with gain of
25s. They were followed by the
grangers. Missouri Pacifis, B. & O., Nor
folk & Western, some of the Southern
railroads, and during the last hour
Sugar and the Pacifics generally. The
forecasts of the weekly cash changes
of the banks were not altogether re-
assuring, but as the call loan rate
failed to give any warning indication
of scarcity of funds, the speculative
activity was continued up to the close,
but with some signs of unsteadinesS in
prices The course of the money has
again turned toward the interior, and
this, together with the revenue re-
quirements, seems to have more than
offset the receipts Of gold. The loan
item is looked to to explain the status
of the banks. The large funds offering
during the week were in part due to
the disbursement of quarterly divi-
dends and interest money, but I'M
doubtedly there were also large
amounts released from other sources
which had been tied up for safety over
the election.
The bond market was strong, active
and broad to degree corresponding
with that of stocks. Total sales par
value $4,690,000.
United States new As advanced y,
and other other issues except the reg
istered IS, n per cent. on the last call.