Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-30

record-breaking day on the market
with total transactions of 1921, 300
shares. Both the volume of business
and the prices reached were in har-
mony with the predictions made in Sat-
urday's Register.
The London market opened unusually
strong, with the Pacific shares, st. Paul
and United States steel stocks the fea-
lures, the advance in some instances
being as much as two per cent.
Locally no such business has ever
been done on the New York exchange
and it was handled under very adverse
conditions. the instruments placed Sat
urday and yesterday in the Produce
Exchange refusing to work in many in
stances at critical times, while the en-
ployes Of the exchange and of the lead
ing broker Offices were literally swamp
ed with orders, many of which could
not be executed for hours.
Union Pacific opened at 109%, an ad-
vance of 2 per cent over Fridays
close. 1t steadily advanced to lis, and
at about O'Clock rapidly scared to 120.
with full half point between sales.
The close was 1881. There seemed to
be a great deal of urgent <uying in
this stock. Northern. Pacific opened at
109%, an advance of one point over
Fridays close, and went up steadily to
1871, closing at that figure. Union
Pacific preferred was extremely active,
opening at 93k, advancing to 97A, and
closing at 1864. Southern Pacific was
active in sympathy, closing at 561a,
gain Of "a points. On the understand
ing that Southern Pacific is to be paid
for by Union Pacific by exchanging one
share of Union Pacific for two shares OF
Southern Pacific, the stock looks cheap.
and should sell higher.
st. Paul opened at 172, but after a
slight advance declined to 171A. Good
buying then carried it to 1875, closing
strong at 173. Rock Island opened at
1888, advanced to 1894. closing at 1863
This is record price for this stock.
The Atchisons were also strong, pre-
ferred reaching 1919 and the common
721a, high record for common. AS
has been predicted in these dispatches,
Atchison common is on its way to 80,
The earnings for March, gross, were
s750,000 over the previous March, and
the gross income for one year is es-
timated at s54,0O0,000. BALTIMORE and
Ohio and Pennsylvania were both
strong, and reached high level. Penn
sylvania opened at 1874, ex-right.
valued at or 10 points, and advanced
to 1557s, closing at 1541S. Baltimore
and Ohio common touched 106A, clos
ing at that figure. The stock is billed
for higher prices. The Fries and Read
ings, while not active, were strong.
New York fractions advanced slight
ly Manhattan closing at 1854, MET"
at 1721s, and B. r. T. at s65s. Higher
prices for fractions are also predicted
by the knowing ones.
United States Steel stocks were one
of the strongest factors of the market,
closing with strength and activity. The
trading in common was Asa, 900, and
157 400 preferred were sold. The COM
mon opened with sales from 491s to
501a, and after small fluctuations from
50 to 501a, advanced near the close of
the market to 50. closing at 51s4, a net
gain over Fridays close Of 31a points.
Preferred opened from IS to 80, being
traded in very heavily from SO to 9S1a.
About noon it dropped to 971a. but
1000 shares were grabbed at this figure
and the stock rapidly advanced to SO
and closed strong at SO. The feeling is
very bullish on this stock, as their
March statement shows earnings Of
over 100000, which exceeds the esti-
mates of earnings At this rate the
earnings of United States Steel will ex-
coed $110,00O,o00, which will show i'm
mense earnings on the common stock.
The Gates pool still maintains firm
grip on Colorado Fuel, and insiders,
who sold around IS, hoping to buy their
stocks back at a. considerably lower
level, must be a sorely disappointed
crowd. 1t reached 10S and closed
strong at that figure the highest price
in its history. Amalgamated Copper
was strong, in sympathy with the mar
ket, and closed at 1875, a gain of 2
points over Friday.
There is no sensational news out to-
day, and the public seems to becom-
ing accustomed to constantly higher
levels for stocks, which, in the great
majority of cases. is reasonable, based
upon immense earnings of the proper
ties, a community of interests and the
unparalleled prosperity of the country.
1t is time however. for the public to
discriminate. as eats and dogs" are
selling alongside with good prop
erty. 1t would probably be wise to
take good profits when in sight. The
market will probably have a very ex-
cited opening in the morning. Bust
b L., L