Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-06-16

MARKET ADvIcES.

j. S. Bache & Co. to White & White:
NEW YORK. June 15.-The week ends
with the stock market showing a con-
tinuation OF the bullish tendencies
which developed the latter part Of last
month. The principal reasons UNDER
lying the speculation were the very fav-
orable government crop report, the con-
tinued ease of money both here and
abroad, demons rated by the 45ank Of
england discount ,rate; furthermore by
the developments that have taken place
in .le railway and industrial world. In
the former particularly important Is the
talk OF closer arrangements between
~. Paul and Union Pacific railways, the
expected declaration of dividend by the
Missouri Pacific and in the industrials
the incentives have been the state of
our export trade and general foreign
business conditions and the general out
look for a very prosperous season ahead
both in the iron ana steel lines OF bust
ness, and also the further amalgama-
ton of outside iron and steel works
with the leading concern, that is, the
United States Steel Company. A not
able instance is the Colorado Fuel and
Iron Company, which it is said will be
taken in by the former on the basis of
100 shares common and 100 shares pre-
ferred. This will account for the high
price made for Colorado Fuel and Iron
during this week. The litigation so
long prevailing between the Amalga-
mated Copper Company and the oppo-
sition seems to be coming to an end
soon, and in anticipation OF this Anal
gamated Copper displayed great
cfran 9th g Shic vuaoly To Il ax,te roorlof
opened somewhat nrmer, but soon de-
clined IN selling apparently by traders.
An u~nfavorable bank statement was the
signal for a little selling movement,
which, however, was only temporary,
and under the leadership of st. Paul.
which rose TO above $50, the whole list
recovered sharply. An apparently bad
bank statement seems to have been dis
counted.
Kelley, Miller & Co. to White & White:
NEW YORK, June 15.-The market
was strong. The sharp advance in st.
Paul brought confidence in the success
CT the deal. 1t is thought to have been
on about the same basis as Burlington.
Missouri Pacific was sold on uncertainty
Of outcome of meeting Monday next.
Insiders assert important developments
within next few days. Market looks
healthy and will sell higher g week.
C. /. Hudson & Co. to White & White:
NEW YORK, June 15.-The action OF
the market after the appearance of the
bank statement showed c~onclusively
0 only that an ~unfavprable exhibit
had been discounted, but also that the
pools were determined to put up their
sp~ecialties. The only thing about the
bank statement that was unexpected
was the net decrease of more than ST.
500, 900 in the cash holdings. The loan
account showed an increase of more
nal S13,O. 100, and the surplus shrank
more than four and a half million dol
lars, now being 49, 1872, 125, an uncomfort-
ably small figure when t is considered
that preparations now will have to be
made for the impending heavy dividend
and interest disbursements in July.
The features of the trading in stocks
again were Union Pacific and st. Paul.
the latter especially showing strength.
Numerous other railroad issues did well
in the late trading, while another series
of remarkable gains was noted in the
group of s%pecialties. The closing was
active and firm.