Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-11-15

Government bonds irregular.
State bonds inactive.
Railroad bonds irregular.
STOCkS-The striking fact aboe. to-
days stock market was the decreased
volume OF trading Yesterday reaction
was checked and quite an imposing show
of strength was made Afterwards but
there was no renewal of the inordinate
buying demand which carried prices up
with a rush all through last week, The
market in fact dropped back into an al
fair OF ordinary importance, business con-
tinuing on a large scale compared with
the normal, but the movement of prices
obviously depending OIL artificial stmu-
lants. Yesterdays sharp decline induced
some selling orders from outside sources
this morning, but the powerful support
by the pools Who are still operating for an
advance checked the decline and secured
control Of the market almost Immediately
There was some small buying for London
the market 1t is probable also that there
was some buying from speculative inter-
ests, which have been watching for re-
action ever since the election. The buy
ing fell off as prices rose above yester-
days level. The most effect move
ments of the day were in Pennsylvania
and Northern Pacific. There were vague
rumors afioat of further deals by the
Pennsylvania company OF the same char
Rcter as the series OF requirements OF
stock in other companies carrier IN the
year. The accompanying strength of b.
& O., Norfolk & Western and some OF the
coalers was intended to give color to these
rumorS, but no authoritative confirmation
was forthcoming, and the stock of Penn
Eylvania was highly manipulated all day.
The buying OF Northern Pacific, both
common and preferred, seemed OF more
substantial character. The statement of
the condition of the company issued by
the trustees, in dissolvinS the voting trust
and the desirability of additional holdings
for centralized control following the DIS
solution of the trust, offered plausible mo-
tives for the buying. The movement in
the local traction stocks and in General
Electric grew out of the statements IN
the annual report of the Manhattan ele-
waited company as to the progress being
made toward electrical equipment, and the
friendly cooperation of the Metropolitan
Street Railway company. The advances
extended all the way from 1as in Pennsyl-
vania to 7h in General Electric. These
stocks about measure the dimensions or
the upward movement, gains elsewhere
being for the most part in sympathy. Con-
sequently when heavy realizing developed
in Northern Pacific and Pennsylvania,
which practically wiped out the earlier
gains, and in Manhattan, the whole mar
ket turned weak again and fell back to
I'm average level about as low as that OF
The morning. There was final rally, but
1t was lacking in snap and was not well
maintained, the market closing irregular.
Pacific Mail, Linseed Oil preferred and one
two of the steel stocks were actively
reactionary. Call money got up to per
cent. again and the time money market
continued firm and rather active. APP
prehensions of a money squeeze are an in
fuence in the more cautious attitude or
the speculation, but the fact that the pub
lie demand for stocks has evidently been
stated for the time being is the prepon-
derant factor of the speculation
The bond market was irregular in SYM
,athy with stocks. Total sales par value,
2, 970, 600
United States refunding IS declined -,
and the IS registered advanced u, and
is coupons IS per cent on the last call.