Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-02-02
Mexican dollars 47c.
State bonds inactive.

Colorado Southern As (eX-intereSD.... "a
Denver and Rio Grande s.............102B
Fort Worth and Denver City 1sts..... S21A
General Electric 159B
Louisville and Nashville unified 4......1o1
Mo, Kan. and Tex. IDS (ex-interesD. 1874
New eV; York Central lists .1o7
New Jersey Central general 5s..........12Sh
Northern Pacific Il
N. o " ~ Chicago and St. Louis 4s..:...iSSn1
Norfolk and Western consol 4s........100h
Oregon Navigation lists Obi )..........1G9
Oregon short Line IS jex:-interestj.:..1T
Reading general 94as
Rio Grande Western 1sts.............. 99h
st. L. and Iron Mount. consol 5.......115&
st. 1. and San Francisco general Is. .12S
st. Paul consols 1888
st. p, Chicago and Pacific lists (bid) ISL
90. os (bld)
Southern Railway IS ..........:"...15
Standard Rope and Irvine 6s (eX-int.). 63
Texas and Pacific lists (efered)........111
DO. IDS 80
Union Pacihc Is 1861
wabash lists
do. 2ds (bidl .3:"-....--."...lQ914
Wisconsin Central S9h
Virginia Centuries Cbid) S5B
Government bonds easier.
Railroad bonds strong.
NEW YORK. February 1.-The great
activity of Southern Pacific stock on
the stock exchange during the past
few days reached a climax to-day
wnen the total transactions aggregat-
ed 282, 900 shares. The sales of large
blocks of stock and sharp fluctuations
in the price quoted were accompanied
by many stories of deals and combi-
nations" The advance yesterday in
AtchisOn at the same time that South
ern Pacific and Rock Island were ge-
ing up caused Well street to speculate
as to the possibilities of a close work.
ing arrangement or a community of
ownership between those three COM
panies. These theories were aband-
oned, however, just before the close
Of the market to-day when what ap-
peared to be statements on authority
were circulated to the effect that the
Hartman syndicate acting for me
Union Pacific. had purchased a large
part of the experimentation hold
ings, and that tnese purchases togeth-
er with heavy buying in the open mar
ket had given them control of the
road. No official confirmation of these
reports could be obtained from Speyer
& Co, the Union Pacific or Southern
Pacific, or from Kuhn, Loeb & Co.,
who are generally the financial agents
OF the HaTrimans, hut the story re-
ceived general credence in financial
circles.
The Southern Pacific line west Of
Ogden, Utah. is the only outlet the
Union Pacific has to San Francisco,
and it was held to he not unlikely that
the powerful syndicate back of the
Union Pacific should take up the most
radical measures for the protection Of
the last named read.
Southern Pacific shares opened at
49A to-day, declined to 46A and
closed at 465B, Union Pacific on re
other hand. was very strong, opening
at 85A, rising to 893s and closing at
87A.
Fluctuations in the stock market to-
day were very pronounced in a num-
Der of cases and professional operators
We're successful in reviving bullish in
terest practically as they saw fit. They
/ resorted to ~palpable manipulation at
times in order to acquire a following
and after successfully bidding up a
leading group, realized on their hold
lngS began anew in another quar-
ter. AS a result the market displayed
at one time or another pronounced
strength in every division. To what
extent, if any, tne public figured in to-
days movements remains conjectured.
Reports Of combinations of various
properties continued to be heard.
thereby increasing interest in the min
or railroads which assumed consider
able prominence in the days dealings.
Late in the day n report was current
that Union Pacific had secured con-
troll Of the Southern Pacific railroad.
No official confirmation could be had
of this statement. but the fact that
the market for Union Pacific boiled
for a time with the stock rising AZ
points on transactions OF 225.O0O
shares, was sufficient in itself accord
ing to the views of the traders as be-
ing authoritative. II was admitted
that a leading interest in Southern
Pacific had sold out to a syndicate pre-
sumably representing Union Pacific.
This announcement. coming on top of
the varied reports about imnending
dividends. extraordinary earnings.
trade combinations and so on. which
were rife early in the day, threw the
market into excitement and blocks of
from 1000 to 5000 shares changed
hands, with as little hesitation as if
they were fractional lots. At the out
set the Improvement in prices which
gradually gained strength. was as
sisted by the higher range of prices
frmo London.
Foreign houses bought early but
subsequently unloaded about 1901 900
shares of Southern Pacific. That
stock strengthened somewhat after the
London selling had ceased and was
practically about the only issue which
did not have a bull following.
During the special selling toward the
close it sagged to 1914 compared with
1914, the opening figure. A factor
which was instrumental in advancing
the market to-day was the lack of any
gold engagements for to-morrow's
steamer to Europe. The market for
sterling exchange was called easier
this morning, demand bills selling at
4S74. Later they hardened to ass and
long bills advanced to 4S43s at which
they closed. The forecast of to-mor-
rows bank statement indicates a gain
in cash of $500. 900 exclusive of the
probable addition TO this figure hv COW