Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-22
Mexican dollars 47Ac.
Government bonds irregular.
Railroad bonds irregular.
State bonds steady.

State bonds steady.
S~tocks-There were impressive ele-
ments of strength in the stock market
to-day, due to the large and confident
buying of some of the railroad stocks.
The market was not very broad, the
demand being restricted to compare
lively few stocks and there wa not
much evidence of what is called in
Wall street public interest in the mar
ket. 1t is contrary to the custom of
this outside public to come in and
buy stocks when prices are at an in
willingly low level. They wait until a
rise is in full progress, and apparently
the present movement has been in
augurated with a view to affording an
object lesson in increasing values. The
price movement to-day was actively
manipulated and was carefully nursed.
ally prosperous condition of business,
the high level of railroad earnings
which is being maintained and the
symptoms of an early relaxation In the
money market. While the movement
thus far is confined to the taking on
of stocks by wealthy professional oper-
Rtors or by insiders in the various
properties, it is to be remembered that
such a movement is a necessary fore
runner of the broader and more con
prehensive advance which comes with
an active speculation. The reversion
of the Third Avenue railroad to the
strong hands of the Metropolitan af-
lords not a little relief to all circles
In Wall street as not only removing
a disturbing influence from the stock
market but business circles generally.
The speculative movement of to-day
has some basis in the relief afforded
by this development in Third Avenue
affairs. The shorts in this stock spent
another bad day, the price running up
to 112 and ~fuctuating between that
and 100. The other local stocks were
active, but showed a notable tendency
towards relapse late in the day. The
convincing evidence that Third Ave-
nue. stock is cornered leads to diligent
efforts on The part of the bear opera
tors caught short to effect a private
settlement. The possibility of such a
result makes the professional traders
fip,id ond cautions about onprafiup in
the stock, after the recent violent ad-
vance. There was a disposition to re-
frain from active operations elsewhere
in the list while Third Avenue was go
ing through it's erratic changes. 1t
was after the stock had become rather
quiet that the aggressive demand de-
Missouri Pacific and Southern Pacific,
the Baltimore & Ohio stocks, Pennsyl-
vania and Norfolk & western. Balti-
more & Ohio and Union Pacific were
easily the leaders of the movements,
the former advancing an extreme AS
net and the latter pa. There were
Sldlp GAINS III lSSS dCllNC SIOChS, III
Guiding the Wheeling i& Lake Erie
stocks, Great Northern preferred. Chi
cago Terminal Transfer, Minneapolis
& st. Louis and a few others. London
bought stocks here literally, and ster-
ling exchange eased off as a result.
New York exchange at interior points
was rather easier, but the local money
market showed no hardening ten
dency.
Dealings in bonds were smaller and
price changes were irregular. Total
sales par value $2,090,O 600. United
States IS, old As and IS advanced ",
and the new As declined a in the bid
price.