Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-10-20
Bar Silver b3Rc.
Mexican dollars 1850.


DO coupons ....:.....-............... .lo9
y: S. IS registered. .......................10 SA
Do COUPONS ...;....; .....'.''.'.......Ii os5s
u, ;. new as registered. .,....-..... lS34s
u. S. old As registered. .................1 14%
Do coupons ACKNOWLEDGEMENTS. .11iA
Z. S. 5s registered. ........ ............. .l12
Do coupons .........................-.. .113A
Government bonds strong.
State bonds inactive.
Railroads bonds strong.
Stocks-There was very active mar
ket for all classes of stocks to-day in
which the bull element early secured
the upper hand and maintained it with
growing success throughout the day.
The rise in prices was so considerable
as to invite free profit taking during
the closing hour of the market. But
new stocks were picked out for an al
vance with such good effect on the gen.
eral list that it was able to absorb a
very large amount of the offerings be-
fore any effect began to be produced
Prices ran off somewhat in the final
dealings, reducing extreme gains to a
considerable extent and carrying a few
stocks, including some of the leading
industrials below last night. Ths
closing was thus made irregular and
very active, but the average level of
prices was considerably higher as a re-
suit of the days trading. The adj
vance was contested during the early
part of the day. but not as vigorously
as yesterday. No further effect was
produced than to check the advance In
some quarters, without effecting any
actual declines. The bear opposition
course of prices turned clearly in IA
vor of the bulls and some of the inter
ests which were large sellers yesterday
turned to the buying side. A fact which
could not escape notice was that yes
terday's rumors of further plans of
amalgamation of the Vanderbilt prop
critics were heard nothing of to-day and
the concerted advance in the group
came to an end. In fact New York
Central itself finished the day with a
net loss and the same was true of other
members of the group. The L. E. & w.
stocks, however, moved up in the early
dealings and New York, Chicago & st.
Louis first preferred gained an addition
al five points. 1t was noticeable also
that yesterdays upward rush in the
steel stocks was desisted from to-day
and several of the group ended with
net losses, the important exceptions be-
ing the American Hoop stocks, the Col
orado Fuel stocks and National Tube.
Sugar and Peoples Gas were affected
by realizing. This turning from one
point in the market to another is a
characteristic feature of professional
operation and manipulative processes
wiich clearly played a large part in
to-day's market but it was equally clear
that the professional manipulation for
the rise had large success in attracting
outside buying.
There is a class of professional op-
orators who have been confident for
some time past that there was a large
waiting public which could be induced
to buy stocks by any decided upward
movement of prices To-day's market
seemed to justify their confidence Vita
the exceptions above noted the strength
of the market was very general, and the
trading was very Broadly distributed.
Special points of strength were Atchi-
son preferred and the Changers and
Eouthwesterners generally, Northern
Pacific. Southern Pacific and Manhat-
tan, with the other local traction stocks
following in sympathy. The news OF
the day had little to do with the adj
vance. Preliminary estimates of the
weeks cash changes of the banks were
decidedly confused. The direct ship
the operations of the banks with the
New York sub-treasury indicate a loss
in cash of s70S, 900. This takes no ac-
count of the gold which has arrived
from Europe this week, and which may
be too late to figure prominently in to-
morrow's statement. This would throw
the effect of gold imports over into next
weeks statement. The activity in the
stock market seems to indicate an ex-
pansion of loans. But loans on the
stock exchange have come largely from
the trust companies which drew on
their bank deposits to secure the funds.
There is thus possibility of shrinkage
in the deposits and consequently in re
serve requirements, which will be to the
advantage OF the surplus.
The bond market was considerably
more active to-day and there " (se.