Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-10-30
open nigh Low. crsc
STOCKS
PROGRESSED ANXIETIEs
said to he somewhat Relieved.
Yesterday.

NEW YORK. October 29.--The pro-
fessed anxietles fe.t by the professional
operators in stocks yesterday seemed to
be considerably relieved to-day. Their
professional brethren of bullish ten
deney added the incentive OF lively bid
ding up here and there. As con-
sequence, considerable demand to
cover short contracts made the market
strong during the early part of the day.
II was argued that with the easier tone
of exchange and the moderate views
expressed as to gold requirements by
the authorities of the Bank of France,
the probability of an outgo of gold on
Thursday of this week was consider
ably lessened. The announcement just
before the close of the market of an
engagement OF 5000, 600 in gold for ship
ment on Thursday precipitated sharp
realizing movement and wiped out
good part of the earlier advances. An
other $1,000. 900 engagement was an
nouneed after the close. II was very
notable that the stocks that were
weakest yesterday. were foremost as
rule in the recovery to-day. The re-
covery did not reach to the full extent
OF yesterdays losses at any time. The
upward reaction was achieved also on
a considerably smaller volume OF BUSH
ness. There was an expectation this
morning, among the small spectators
at least, that formal announcement
might be made during the day of an
adjustment Of the Northern Pacific
difficulty. This expectation was again
disappointed. Competent observers OF
the situation believed that this may be
a daily incident for some time to come,
as consultations on this subject are COM
stantly held but with much remaining
to De agreed upon. Among the days
special movements the sensational rise
in Michigan Central revived the rumors
OF coming developments in the Wander
bilt group and was reflected in sharp
advances in other members Of the
group. Michigan Central sod yester-
lay at ZIG. an advance of several points
over the preceding sale in last March.
to-day Il sold in one one hundred share
lots. successfully at lis. 100. %, 1856
and 40. after which II relapsed to 1870.
No explanation was forthcoming of the
movement
Amalgamated Copper was Influenced
by the supposition that developments
are pending which will benefit the con-
.ditious in the trade. There was some
support also for the United States steel
stocks. accompanied by reports OF great
activity in that industry. Brokers
credited with acting for insiders both in
United States steel and Amalgamated
Copper bought their respective stocks
together to-day. These interests have
been supposed TO hold divergent views
of the speculative outlook for some
time. The buying OF Amalgamated
Copper for Boston account was very
large, as 1t was Of other stocks. This
was supposed to be re-buying OF stocks
sold yesterday from that source. In
consonance with the upward movement
of prices. the prevalent view Of the
money outlook was less pessimlstic, al
though conditions in that market re-
main the same A number OF favor
able conditions which we're ignored yes
teraay In the selling movement came
in for consideration, especially the
continued trade activity as reflected in
the large bank clearings throughout
the country and the sustained Increase
In railroad earnings Reports today Of
Septem Der net earnings showed in
creases over September of last year for
some Of the important systems as fol-
lows: .Atchison, $423.966; the Reading
system. $s0.S53; the Northern Pacific,
1868 .227; Erie, s392,227; and Ches-
apeake G. Ohio, s31.755. Amalgamted
Copper was the only stock to recover
all of yesterdays decline. The closing
was dull and heavy at the reaction.
Railroad bonds moved narrowly and
were irregular, total sales, par value,
$1,S75000
u. s. new As declined " per cent on
the last call.