Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-01-30

GGdUllS 6ctiGEdl - 3tt1
Rio Grande and Western. 1sts......... %97s
St. L. and Iron Mount. consol 5s......115$,
St. L; and San Francisco general is. l28
St. P, Chicago and Pacific lists C5id) .i1S1z
Us .paci6o 9 Z
Southern Railway IS Gofferedp...--...114
Standard Rope and Irvine 6s.......... s.
Texas and Pacific 1sts..................11634
40. ZdS 20
Union Pacific Is lG5l7
NahaSh lists
West Shore IA Ch'dl.
Wisconsin Central Is ................... S7$4
Virginia Centuries (bid) ............... 80
State bonds inactive.
Railroad bonds irregular.
The stock market was again domi-
mated by St. Paul to-day with some
incidental disturbance from the errac-
tic fluctuations of Steel & Wire. These
two stocks really made the market and
prices moved somewhat narrowly and
on a small volume of fractions was in
sympathy with them throughout the
day. Southern Pacific was a notable
exception to the general tendency of
the market. 1t was bought largely all
day, and in the late dealings rose an
extreme rs to AZ, carrying some other
stocks, notably among the grahgcfs
and Pacifcs with it. But renewed
weakness in the two leaders carried
prices except for Southern Pacific,
down again, leaving only a few insig-
--..-f mot noior 4L1 1au~1,
list of losses. There was no news to
account for the movement in Southern
Pacific beyond the argument of the
spectators in the stock that an adj
vance in its prices was long overdue.
Mobile & Ohio made a very notable
rise of 67s accompanied by runors of
absorption or control by the Illinois
Central. New York Central gained 3
points on very light transactions and
Manhattan and Leather showed signs
of strength. American Express gain
ed AZ without any explanatory news.
The opening break in ST. Paul was
violent. the stock dipping AS to $50
under the pressure Of heavy blocks to
sell. Later in the day it got up as
high as 1873 twice and wavered uncer-
tainly between that and ISL closing
with a net loss of "a. The emphatic
disclaimer by all the st. Paul authori-
ties who were quoted of yesterdays
pXn1jnIt nCCortInnG that n ry<a y
had been completed for the transfer of
control to Great Northern and North
ern Pacific made it clear that whatever
plans were in operation to bring that
result about, there were decided OBJ
j~ections among st. Paul's stockholders
to it. That a very large portion of the
heavy dealings in the stock are purely
speculative is manifest from the fact
h a yesterdays transactions alone ag-
gregated more than half the number
of the total shares capital Of the COM
pany. This could only be the result of
large professional traders being in and
out of the stock on a heavy scale per-
haps many times in the course of a
single day.
In Steel & Wire the low point was
made at 80 soon after the opening and
the stock then rebounded to above Al
before the announcement was given
out that the promised statement would
be withheld until 3 T. m. instead OF
being published at IL O'Clock. Dur
ing the afternoon the stock got as
high as 41%. but closed at a net loss
of q. The prevailing state OF mind
OF spectators in the stock was evil
IDENTIFY n of entire uncertainty as to
the effect the statement would have
upon holders and the uncertainty is
likely to continue, as no action has
been taken on the actual question of
the dividend. The congested and I'M
even character of the trading is indi-
Gated by the fact that not a single
share of such a usually active stock
as Sugar was sold until well into the
second hour of trading and the first
sale of Tennessee Coal was recorded
after 1 O'Clock. A considerable ex-
port of gold on Thursday is assured
and already 81, 500, 900 have been be-
spoken in a tentative manner at the
assay Office.
The continued irmness to-day Of
sterling exchange here and the fur
the fractional advance at Paris
strengthens the superstition that .the,
outward movement of gold from