Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-10-04
.er certificates s3A@65c.
Bar silver $3.50.
Mexican dollars 50asc.


u. S. refunding Is (when issued reg .lO4
Do coupons i9a
IL. s. Is. registered Io9a,
Do coupons 19sH
t.. S. old As registered.
u. S.. old As
u s. 5s registered
Do coupons
Government bonds steady.
State bonds inactive.
Railroad bonds irregular.
Stock-Wall street was considerably
puzzled by the resumption to-day OF
aggressive tactics for the advance after
the bull campaign, projected on Mon
day. seemed yesterday to be abandoned.
But while the motive of the buoyant
rise was difficult to discern, the force
and the proportions of 1T were sumo
iently impressive to take the courage
out Of the bear party and to lnduce
heavy covering all around. The small
bears. who had resumed operations Tor
the decline yesterday were the first 10
fall victims to the manoeuveres OF the
bulls. who. however, gave indication OF
being larger game, and pursued their
advantage with great confidence n
Astounding resources. They drove some
long standing shorts to cove n ultl-
mately effected a buoyant rise in the
whole market which closed strong ana
active at the highest level OF the day
and at net gains ranging from l TO
over 2 points for a large number of ac-
tive stocks. Opening declines In a
number of stocks seemed only to al
ford the better vantage ground for the
advance, which was thereby made The
more impressive. The acute depression
manifested by a few industrial stocks
was without effect in deterring the bulls
from their manipulation in the market.
Inquiry of commission houses falls to
find any trace of buying orders from
j. outside sources, and opinion is agreed
that to-day's movement was practical
~ in professional hands. A long per-
sisting bull is showed to have joined
by some of the powerful operators who
have recently returned 10 the street or
a c~a-,~aigI against the shorts. Stocks
which have recently been the special
target for bear attack reflected the
most urgent demand to-day. Missouri
Pacific, which Is a leader OF this class,
showed gathering strength during the
day in connection with yesterdays an
nual meeting of the stockholders in the
st. Louis & Southwestern railroad, the
action at which is supposed to fore
shadow more intimate relations be-
tween the Iron Mountain and st. Louis
Southwestern railways.
From the early low point Missouri
Pacific was carried up to 3B per cent.
Burlington also reflected a demand of a
large outstanding short interest and
was marked up an extreme 27s. B. &
O., Northern Pacific and Louisville
were also prominent in this class, but
the movement gathered force and
breadth and ultimately spread through
the whole list. The most buoyant
period OF the market was due to the
circulation of a rumor that President
Mitchell, of the U. NJ. W., had called
the coal strike off, which completed
the discontinue of the shorts. Even
Tennessee Coal, which had sold down
IA OF the fear that no dividend would
DE declared at to-morrow's meeting,
rallied four points, and Sugar, which
mad fallen rs on accoun of the de-
moralized condition and the deep cut
ting in prices in the refined sugar mar
ket, rallied rs. The continued weak
ness OF sterling exchange was used by
The bulls as an argument for the adj
vance in stocks, on the ground that i'm
ports of gold could not long be deferred.
A further easing of discount rates in
Berlin gave strength to the argument.
but In London there was a significant
hardening of discount rates on an ex-
pectation that the Bank of England
Will raise its official rate tomorrow.
The local market for time loans con-
tinued firm and the minimum rate for
call loans was advanced u per cent.
from 2 to IA, with the maximum un-
changed at 212 per cent.
Bonds were not much affected by
the activity in stocks. Total sales par
value $3.50, 900. United States bonds
were unchanged in bid price.