Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-25
Special to the Register.

Special to the REGISTER.
NEW YORK,Apr 24.-To-day's mar
ket was tremendous one in point OF
transactions, but was in good measure
a duplicate of yesterdays, save and
except some Of the railroads, which
doomed decidedly, on immense changes.
The opening was at small advance
over yesterdays close. caused by the
fractional advance in London.
Union Pacific was the chief feature OF
the market. All sorts Of bullish re-
ports were freely circulated with refer
ence to this property. One story was
that the next dividend would be at the
rate Of five per cent, insttad OF four,
as at present. Another was that Union
Pacific was to be taken over by the CHI
cage & Northwestern on a FIVE per
cent, basis, and still a third was that
the road was in a deal including st.
Paul. None of these reports could be
officially confirmed, but they had de-
cided effect on the market, and huge
blocks OF stock changed hands at ever
increasing prices the activity being UNI
precedented, and far exceeding that OF
any other issue in the history OF this
uApl CCCQCulCu Uutl SQAlPoA6h. Az ~
tai sales aggregated $50 900 shares, out
of total OF 100000 shares, or one
third of the capital stock of the COM
pany. The stock opened at $685., and
with very little fiuctuation advanced to
1071a, closing at 1914. One block OF
5000 shares changed hands, and sales
of 5000 to 5000 shares were common
and very frequent. The transactions
in Southern Pacific we're very large, in
sympathy, totalling 106,600 shrares. AS
to Union Pacific $50 is freely talked OF
by leading bulls before July 1st.
St. Paul was second on the list, with
sales OF 1880 shares. The opening
price was 1914, advancing to I'll, react
ing to 1865 and closing at 1874. South
ern Pacific was a good second to ST.
Paul in transactions. The stock opened
at 50s4. advanced to sly, and remained
there until the close. 1t is said Union
Pacific will pay 2 per cent. to the stock
holders Of Southern Pacific.
Burlington remained strong at top
prices, and $500 shares were traded
in. 1t is practically settled that the
stockholders of Burlington will be Of
fered 5000 in cash or 5000 in four per
cent. bonds for their holdings, al
though the Official announcement has
not been made, and this, perhaps,is the
only reason why Burlington did not
sell at 200 to-day.
The Southwestern RAILROADS were
weak to-day. "Katies" preferred opened
at IS, advanced to Sc, and closed at
66ss Common opened at 81, dropped
- air OF / nttJc- nd
Southwestern opened at Go, declined to
63A, and closed at 64k. Rock Island
barely held its own, opening at 1874,
advancing to 1855, and closing at 154.
In the industrials United States
Steel was comparatively inactive to-
day, only 40,400 shares of common be-
ing exchanged. and 20.S00 shares of pre-
ferred at substantially yesterdays
prices, but with narrow fluctuations.
The preferred opened at 941s sold up to
945s. declined to 935s, and closed at
937s.
There were sales of $1,000 shares of
amalgamated copper, the opening be-
ing 121k, advancing to 1913, declining
to 100 and closing at 1909
Sugar was one of the weak features,
opening at 145, selling down to 142, and
closing at 143, a net loss of two points.
The sales were 1900 shares
New York transactions opened slight
ly above yesterdays close, and seemed
to have fair support, but broke badly
at the close.
Total sales. 20S0,S 800 shares. Money
closed at 1904 per cent, the last loan
being at 81 per cent.