Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-05-04
Special to the Register.


other tremendously active market to-
day, with total sales of 1874, 100 shares,
of which 100000 were by noon. To-
days market has been the most nerv-
Gus and erratic of this extraordinary
and unparalleled bull movement The
net results of the days trading, how
ever, was decidedly reactionary, and, as
usual, the stocks that were the mGsc
prominent in the advance, as a rule,
were the heaviest losers. The most SEN
sational feature before the opening of
the New York market was III bid for
B. & o. common at London. The bal
ance of the London market was slightly
under the New York close. Baltimore
& Ohio opened at ia, an advance of
Az points, but lost most OF the gain in
the afternoon in the general decline,
closing at 11G7s. 4he Atchisons were
again strong features, common opening
on range of from SS1a to 80, as against
yesterdays close of 81; 90A proved to
be high, however, and after selling
arounu SO. suddenly declined to S01a,
but recovered somewhat on the close,
to 827s, net loss for the day of 41s
points. The preferred rushed up
to 1O8, but lost points OF the advance,
closing at 104. Three hundred and fifty
five thousand Atchison common and
$4,000 preferred were traded in.
Union Pacific was the most active
stock, 1868 800 shares being sold. The
sentiment on Union Pacific appeared 70
be greatly mixed. 1t opened at 12S%,
the same as the close yesterday, AID
declined to 121 on heavy realizing. aided
by report that the Union Pacific deal
had fallen through 1t rallied at the
close to 1924.
st. Paul opened at 1854, an advance
of q. 1t was soon carried up to 1925,
a record price, but lost most of the ad-
vance, closing at 177A, a net gain OF
PA over yesterday. Missouri Pacific
opened at 109 and. as predicted yester-
day, was very strong, making an adj
vance of 6 points, but lost 5, closing at
ITO. Wabash was active and strong, in
sympathy with Missouri Pacific, open
ing at 4SA, reaching AM, and closing
at 4oR. Strange to say, the Wheeling
& Lake Erie stocks showed no activity
in sympathy with Missouri Pacific and
Wabash, although it is understood that
the new Wheeling 9, Lake Erie direc-
tors represent the Gould interest and is
hON a pal vi tuC oySltlI.
Burlington did not join the decline,
1917 being the lowest point touched.
thus plainly showing that the Burling-
ton stock is practically out of the mar
ket and is now considered as equivalent
to per cent bonds.
Other railroads had a sharp advance
at the opening, but practically all join
ed the decline. Rock Island, after
reaching 169s, a record price, lost 73s
points, Texas Pacific lost 81, Katy"
common 2 points; do. preferred points,
Louisville G. Nashville IA, Southern Pa
cific 3A, Northern Pacific 5A Among
the coalers Pennsylvania lost pa, clos
ing at 1878. Erie first lost / point,
seconds u, and common points. Read
ing first lost IN, do. seconds "a, and
common i "a. Chesapeake & Ohio drop
ped 312 points, Norfolk & Western rs.
Baltimore & Ohio lost AS, and New
York Central IA.
The New York fractions were weak
in sympathy, the net drop for the day
being: in Manhattan u, Metropolitan
Is, and B. r. Z. Ia.
United States Steel stocks were very
active on the decline, the common open
ing at 5212, advanced to SO, declining
TO 81, and closing at 51ss, a net loss
over yesterdays close Of 124. Preferred
opened at 99A, advanced to 1904, de-
clined to 9SB, and closed at go a net
loss from yesterday of IA on sales of
2OS,3 300 common and $1,000 preferred.
rs was stated in these dispatches a
few days since, a large interest was
probably working for decline of some
magnitude. This has evidently been
aided by manipulation of the money
market. Call money to-day ranged from
5 to 10 per cent, the last loan being
made at per cent. We do not see how
money can long continue at high rate.
as interior banks have large surplus
seeking investment at from 4 to q per
cent. A bad bank statement is pre-
dicted for tomorrow, and further de-
clines would not surprise us, as there
was some very urgent liquidation to-
DAY. We do not think people should
throw away good stocks. but, as init
mated for some time, caution must be
used, and those who trade indiscrimin-
ately and over-trade will eventually
lose their money.
The transactions for the first five
days of the week, by days, are as fol-
lows
TUESDAY ...... ....................... 1886, 400
w ednesday ........ .................. 2,S55,So0
thursday ........ ....,............... ESQ, 100
rrlday .......s... .................... 2,9I4160
Total ....... .......................1451 SIS $50