Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-10-25
Mexican dollars, sic.
Government bonds strong.
State bonds steady.
Railroad bonds irregular.

NEW YORK, October 24.-To-day's
broad and active market and the wide
fluctuations in prices offered excellent
opportunities for speculation, and all
classes Of professional operators were
very busy all day. The broadly defined
movements which dominated the ac-
ton of the whole market were them
selves under control of powerful spec
ulative cliques, and there were indica-
tionS of cooperation between the pools
which were manipulating different por-
tons OF the market. Following this
effective leadership and busily occu-
pied in bringing forward the less prom
1nent stocks in the list to conform in
prices to the changes in the leaders,
was a host of small traders and board
room operators, who were in and out
Of the market many times during the
day. The strictly commission house
brokers had their full share of the
days business, orders coming in in
large volume from various sources. The
latter element offered the effective me-
dunn for the success of the efforts of
the professionals. That there was
very large selling of stocks druing the
day to this outside element became
AiSlNuSlASly HldAllCEl Wu6l tllS SbSSl)H
proceeded. When the very active de-
mand had been pretty well satisfied
and many of the professional traders
had sold out and taken out their prof
its, they took advantage of the soft
condition of the market due to large
holding Of stock having passed to the
weaker hands to put out short lines for
a turn. The resulting decline In prices
increased the pressure to realize, and
the market closed active and weak at
level materially below the best, but
with some striking net gains never
thelesS remaining. The backbone
OF the days market consisted of the
strength of the trans-contlnental group
of railroads lying beyond the Missouri
river Many rumors were afloat this
morning calculated to stimulate the
buying of these stocks. One story had
1t that Pacific Mail had passed to a
Harr.man-Va Vanderbilt control as step
in the formation of a great through
transportation lien from the Atlantic
seaboard to the coast of Asia. There
were also rather nebulous reports OF
settlement of the long-standing con-
troyersy over rights in the clear water
territory, in which there has been a
temporary truce between the Northern
Pacific, Great Northern and Union Pa
cific. A lease of the Northern Pacific
by the Great Northern with a per
cent. dividend guarantee on the North
ern Pacific common stock, is an EXAM
pie of the character OF the rumors which
were heard. Northern Pacific and
Great Northern themselves were sold
to realize on an enormous scale, ana
the former stock, with the exception
of brief interval, was held below
last nights level all day, but the other
members of the group and Pacific Nail
were very buoyant during the early
part of the day. There was very large
speculation also in Pennsylvania and
it was intimated by the vociferous ele-
ment among the buyers that the divi-
dend rate is TO be increased next month.
The strength from these stocks radi-
ated through the general list with
greater or less effect. Active buying
of Sugar helped the rise in the special
lies No official confirmation was forth
coming of any of the days rumors, and
representatives of the Huntington eS-
tate distinctly discredited the allegs-
tons regarding change of control in
MAIL. udI SlOCh, dll6t Using
BIZ, broke 4A points, having no small
influence in the weakness of the whole
list in the trading. Other leaders in
the advance suffered to the extent of
i TO ~ points. or more substantial
benefit was the news of the engage
ment of an additional 81 500, 900 of geld
tor export.
The weakness of foreign exchange,
with corn bills coming largely into
the market, and the further decline in
London money rates, justify the expec-
tation that further gold imports are
imminent The s1,000,000 Withdrawn
from the Bank of England to-day is
not unlikely to find its destination in
New York.
There were weak spots in the bond
market to-day, and it did not share
fully in the great activity of the stock
market. Total sales, par value, $685.
000.
U. S. government bonds were all adj
vaneed n per cent. on the last cali.