Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-11-09

u: S. refunding 2s registered .105
10 coupons 49,. ................' .''..IVo
Y. ,. IS registered. .........,..,......'.. llU
U. S. new As registered. 1854
DS e96dpon5 e,:ferod i15A
U. s. IS registered. ..............
DO coupons ..........................., .1lS1s
Government bonds strong.
State bonds inactive.
Railroad bonds strong
Stocks-The stock market showed
the effect of some unsettlement of yes
terday's buoyant conviction of specula-
tors and the growth of an apprehen-
sion that the rise in prices at the pace
set yesterday might find an early Gull
mination. The more conservative ele-
ment made their influence felt from
the opening and at one time during
the day brought the advance fairly to
q standstill. The firmness of the I'M
dertone of the market at that time was
very striking, and it was shown quite
conclusively that the large holders of
stock were not particularly nervous
over seeing the rise in prices checked.
Even those who are willing and an
xious to sell out on an upward tide
showed determination to hold at any
lower level. A very buoyant tendency
then developed in the industrial and
speciality departments Of the lists. The
localized character Of this strength,
with the absence Of any special news
to account for it gave ground for the
superstition that powerful manipula-
ton invited renewed speculation in that
quarter by outsiders and at the same
time served as e powerful sustaining
influence for the rest of the market.
Under cover OF this support, profit TAX
ing went on on very heavy scale.
Except for sudden advances In some
OF the usually Inactive railroad stocks
the railroad list was distinctly heavy
throughout the day. Pennsylvania was
marked up at one tine to 140, but it
held there only momentarily. The
price remained above last nights level,
but was unable to get back to the top.
The Pacifcs and Southwesterns, as well
as the stocks Of railroads affiliated with
Pennsylvania, which were so conspic-
uous in yesterdays upward movement
all suffered from realizing III Mis-
souri, Pacific the net decline at the low
est was point in Northern Pacific the
extreme decline was "A. On the other
hand the mercurlal specialties which
are always fsvorites with the specula-
tors, rose buoyantly on enormous deal
ings. One OF two OF them had been
below last night early in the day. not
ably Sugar. which broke rs at the
opening. The late upward movement
carried Sugar, Peoples Gas, Manhattan
Brooklyn Transit, Metropolitan Street
Railway, Pacific Mail and American
Tobacco up from "a to nearly points
Yesterdays enormous buying of North
ern Pacific was explained by to-day's
declaration OF the extra dividend of
per cent on the common stock. The
omission OF this dividend in August.
when the regular semi-annual dividend
| OF l per cent was declared. was con-
| sidered very ominous sign of the
prospect OF curtailed earnings for rail-
roads. To-days sction is accepted as
| showing restored confidence in the
maintenance Of the earning power Of
| railroads. but it did not save the stock
| from sharp reaction on profit taking.
| The steel stocks were irregular, Steel
| & Wire and Pressed Steel Car, show
| ing reactions, while other members OF
| the group were strong. Money contin-
ued in abundant supply and sterling
exchange rose further with the demand
| for payments for the enormous sales OF
| stocks for London account.
The bond market continued active
| and firm. Total sales par value $4,0S5,-
| 900.
United States IS advanced X and all
other issues except the IS Il per cent
| on the last caf1.