Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-01-11

Oregon Navigation lists .-.............l o9
oregon short Line Is Observation-Disclosures
90 consol 5s ......... .........-....... ll612
Reading general is .....-..........-.... 94A
itio G.dnde Western lists ............. $685.
| St L. and Iron Mountain consol s..1147s
! ST. Louis and San Fran general Is 127is
St Paul consels ........................1S6
/ ST; p, Chi. and Pacific 1sts..-.........l
= GO oS -: .:....-.-.....-....... ~
Southern Pacific As .......... .......... S37s
| Southern Railway SIS .112H
/, Standard Rope and Irvine 6s.......... 7o1h
Texas and Pacific lists .............. lisa
Union Pacific As ..................-......1 los
| WABASH lists ..........-. ...............nS14
,g 90 ms 49,. .-..... ....-..-,...i s1t
! Wisconsin Central lists ..-.......-..... So
I virginia Centuries ........... ........... 96lz
State bonds inactive.
Railroad bonds Irregular.
! There was a decided further falling
off in activity of the trading in stocks
to-day and prices fell back very gener-
ally throughout the list. There were
abortive efforts to continue the ad-
vance both at the opening and at diff
/ ferent times during the day, but the
: market did not at any time show any
/ decided strength. The most that the
bulls were able to achieve was to
check the reactionary tendency. The
pressure to sell was much relaxed dur
| ing the latter part OF the day and the
| demand to cover from the shorts lift
| ed the level of prices considerably
+. above the lowest. The squirt in Louis
| vile just at ne close on the increase
| in the dividend rate helped the mar
! ket somewhat, although there was no
/ general response. The closing was in
| fact decidedly unsettled and irregular
/ and at substantially lower level of
! prices. The first movement of the
| bulls was in the southwesterns and
| some of the speciaI.ies, including Tex
| as & Pacific, Union Pacific, Southern
! Pacific, Delaware & Hudson, Peoples
Gas and Western Union. The last
named stock was the only one of the
group which showed sustained
| strength with an extreme advance of
| nearly 8 points. Missouri Pacific was
| marked UP at one time to 81, but fell
| back below IS in the sharpest reac-
| ton Of the day. later there was
I movement in the Tooacco stocks
! which carried Continental and Amer
! lean Tobacco UP 8 points, Tennessee
| Coal AZ and General Electric 81a. But
/ the general disposition to realize pro-
| fits and the rather aggressive mood of
the bears frustrated all the attempts to
! advance the market. The rather VOL
ent break in ST. Paul of Az points at
| the opening had a decidedly disturb
, ing effect on speculative sentiment and
! some OF the ether stocks which have
been the subject of the most persist
ent stories of inclusion in vast new
consultations were also quite acute
ly affected. The repeated disclaimers
by the financiers concerned of in many
OF the stories which have circulated
regarding these combinations have
! been totally disregarded heretofore by
.4.e speculative element but some
thing like convic..on was borne in
upon them to-day and while the belief
| was unaffected that something very
important had been going on in ST.
Paul and in other railroad quarters,
the spectators awoke to the realiza-
ton that the elaborate details publish
ed from time to time were based on
very fiimsy evidence and that they did
, rot know much about the actual
transaction. The extreme decline in
st. Paul was "a and it reached from
L to points in practically every i'm
portant stock in the list. The Fries,
,, the headings, the Changers, Pennsyl-
yania and the Pac.lcs were most af-
fected. Rubber preferred broke Az
points, pressed steel car Az and the
preferred 6. The bears were timid,
however, about pressing their ad9an-
tage. This element is so eager to dis
count the expected reaction that they
keep the market well filled with short
accounts, and upon any considerable
reaction they begin TO buy eagerly to
cover. The existence of the persist
ent short interest is material fac
ter in the resisting power OF the mar
ket. 1t played its part in efft cling the
rally from the extreme low point At
ter the first drop in prices and the
dislodging of the weak and specula-
tive accounts there was decided fail
ing off in the pressure of liquidation.
which added much to the timidity CT
the bears. The rally extended to "a
in st. Paul, 212 in Erie first preferred
"a in Delaware & Hud;on and be-
tween 1 and points in quite num-
Der of stocks. The marked feature Of
the trading after the heavy selling
ceased was the dullness and the slug
gish movement of prices.
Prices of bonds moved irregularly
in sympathy with stocks. Total sales
par value S3400000.
U. S. refunding IS a1Fancei "a on
the last call.
Quotations closed bid: