Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-05
State bonds easier.
Railroad bonds irregular.


Railroad bonds irregular.
Stocks-To-day was one of violent
excitement and extreme nervous ten
sion in the stock market. Prices fuctu-
ated in an unprecedentedly violent and
cratic manner all day. The speculative
spirit had apparently run wildly, and
no e seemed too great to attempt
In the feverish imagination of the excit-
ed spectators. The boldness and reck-
lessness Of the manipulation have prob
ably never been equalled on the New
York stock exchange and variations of
a point or more between sales was
viewed with as much equanimity as a
fluctuation Is in an ordinary market.
Blocks of thousands of share of stocks
were tossed backward and forward and
millions of dollars were ventured with
no more concern than though pennies
were being pitched. News or actual
conditions of properties played no part
whatever in the speculation. The
method OF operations was largely to
follow designated leadership. A sud
den and violent advance in any stock
was sufficient to attract an overwhelm-
ing following, in which the scramble
to buy caused a volatile rise, with quick
profits for the leaders who FASTENED to
unload. Monday seemed a remote per-
iod in the view of the spectators and
their operations did not appear to be
designed to go beyond the days trad
ing. The market was an admirable one
in which to unload stock, and it is
within reason to suppose that the ex-
element was stimulated by every pos
sible artful device to further this OBJ
Ject- How far 1t was taken advantage
Of may be inferred from the
lively small number of stock which
retain any important net gains in spite
of the appearance of extreme buoyancy
which the market had for much of the
time. The trunk line stocks. Illinois
Central, Amalgamated Copper, Colorado
Fuel and some of the dormant stocks
may be set apart, though none of them
closed near the highest prices. Other
wise small gains or considerable losses
will be found the rule. The precipitate
manner in which long stock was I'M
loaded on the opening bulge showed
the eagerness of the bulls to take their
profits. The violent name in which
prices broke showed that a point in
the matter of price was of little ac-
count in consideration of making a
quick sale. The outside speculative
public were excited buyers at the open
ing, attracted by yesterdays extraor-
binary advances and the execution of
their orders which were apparently
without limit as to price, caused an
ebullient opening. Profit taking met
the advance Immediately. When the
first storm of liquidation had spent It.
self efforts were made to revive the
speculative enthusiasm by bidding up
new stocks. The attempt met with
considerable success, although profit
taking continued heavy under cover OF
the late advance in the trunk lines and
Amalgamated Copper. The markets
sensitive spot was clearly indicated by
it's action under the influence of the
furry in call money to abve 6 per cent
Some stocks touched the lowest level
of the day in the sharp liquidation thus
forced. When the money market fell
back covering by shorts caused some
violent recoveries, but the closing was
exceedingly feverish and irregular. The
large demands of the interior for cash
and the prospect of q weak bank state
ment explained the furry Space for
bids an extended enumeration of the
price changes. It Is sufficient to spec