Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-12

. do As .lV0
Oregon Shcrt Line Is (bid) ............18
DO consol IS
Reading general As ................ 1913
Rio Grande Western lists (hid)........lM
st, L. and Iron Mount. consol 5S.,....ll6
st. L. and s. F. general IS tbid)........1Slta
st. Paul consels
St, r, G. and Pacific lists bid)........1 1855
&c les olals.s.. Is
Southern Halfway IS foffered5 III
Standard Rope and Irvine Us ........-O
Texas and Pacific lists
Union Pacific Is .........-.......,-..le6
Wabash lists
West Shore As (offered)
Wisconsin Central lists ...,.....,...... ay1s
Virginia Centuries IBID ............. s01a
Government bonds irmer.
State bonds inactive.
Railroad bonds irregular.
NEW YORK, April 11.-Speculative
liquidation was very clearly at work
again in to-day's stock market. 1t was
Offset during the early part Of the day
by the aggressive strength shown by
a handful of stocks. The advance in
these was helped by violent manipula-
ton, but it served to sustain the rest
of the market in the face OF the heavy
selling until the call money rate ran up
again, when the pressure to sell be-
| came greater than the abSofpttve power
and the market turned weak. Even
the notably strong Stocks lost all or
their gains as a rule and the market
closed dull and at about the lowest n
at considerable net loss except in a very
few stocks. lhe arrival in London or
, the New York financier who has been
the moving spirit in most OF the recent
/ vast financial projects in this country
aroused some expectation that the Lon
don market would reject his presence
there and that action would be taken
IN some of the projects which have
been supposed to be waiting upon his
counsel. The rumored burlington deal
was the most important of these and
the failure OF official confirmation of
the very positive assertions which have
been current Lat this transaction was
completed had a good deal to do with
the depression which permeated the
whole market is the day progressed.
1t is very evident from the persistence
of the disclaimers OF the deal that al
important minority OF the stockholders
is sCll opposed 10 it, even ii it be true
that actual control has passed to The
ttiii-Morgan interest. The widespread
belief III impending consultations of
Importance in the copper world made
A~nnaigamated Copper very active and
buoyant, but here again the failure of
expected oftleial confirmation aroused
some feeling OF distrust among the
Spectators who had bought most
largely and with least information, and
The profit taking cost the stock prac-
ticaily all OF It's 3A points rise.
The Chicago d Northwestern stocks
continued their remarkable rise, the
common advancing IL points and the
peterred III points, each of them show
Ing that the point advances between
safes. Denials from Official sources of
the rumored constellation of this road
with Chicago, Minneapolis, st. Paul &
Omaha and With Union Pacific. caused
a reaction in the stock of 7k. There
were denlaIs of the rumored sale of
Consolidated Gas's real estate, caus-
ing a reaction Of 4 points from the
stocks 512 point rise. The advance OF
u in Rock Island on rumors of buy
ing for control by Pennsylvania was
more than lost. Sugar rose an extreme
3A and saved more of its gain than
other stocks. The United States Steel
stocks showed a notable relapse from
their early strength, closing at net de-
clines of a fraction to appoint. The
selling pressure was most marked in
Burlington and in Northern Pacific and
it was only for a brief period that they
were lifted at all over last night. The
reaction in Burlington reached 5Is and
in Northern Pacific 2ss. The require
ments OF the sub-treasury and the de-
mand from the interior continued to
make inroads on banking reserves and
the refusal by me Secretary of the
Treasury of bonds offered to him at
the market price ~discourages the hope
of relief from that source. The hard
ening of the money rate in London al
so causes apprehension OF a renewal
of pressure for gold from that point.
although the higher money ate here
was sufficient to cause a yielding in
the sterling exchange rate to-day. The
weekly return of the Bank of Eng
land shows that it has made heavy de-
mands upon the open market for re-
payment of loans and the coming needs
of the money market there give a
promise that the outside market must
resort to the bank again which would
make an advance in the bank rate ef-
fective in influencing the private dis
count rate as we'll as the exchanges.
fhe bond market was moderately
active and yielded in some places in
sympathy with the late reaction in
stocks. Total sales par value 1885
600.
U. s. old As coupon advanced U per
cent on the last call.
Quotations closed bid:
! Atchison ......... 6sss Mobile 4 Ohio. 81
do pref .....*.. AM X. & t.. NE
Bait. 4 Ohio. ~ do pref ...... b