Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-06-19
Town Topics to White G. White.

Town Topics to White G. White.
NEW YORK, June 18.-The market
will be stimulated by the advance In
Amalgamated Copper and the expect
ed announcement that Hartman in
terests have obtained control OF the St
Paul. The Missouri Pacific dividend
and rights will have good influence
on sentiment and while the market may
be somewhat irregular on fear of higher
rates for money, the feeling Is bullish
and higher prices are regarded as as
sured. The banking interests are ac-
tive except in United States Steel, but
this stock will be moved up later. There
is nothing unfavorable in the general
market situation and good stocks are
a purchase on any declines. st. Paul
will sell above 1870 and Amalgamated
Copper will open higher but it will be
well to take profits on this bulge. The
decision in the appeal will be. rer% cred
to-day and is expected to shut out the
opposition. Buy the coal stocks, es-
pecially Erie, for an advance. Hold
Wisconsin Central for advance. The
general market is all right and will go
higher Wheat is weak on crop news.
Dick Bros. to White & White.
NEW YORK, June IS.-iMarket re-
dictionary to-day on realizing and short
selling influenced by the delay in an
nouncement of st. Paul and Union Pa
cific deal One million gold taken for
export, and money loaned at .. London
sold about $4,000 shares of stocks and
sentiment has been rather ioearish. At
oh M nrpfprrpd enj1Vp0
squirt, but did not last. Decision In
Amalgamated case delayed and market
closed heavy but steady.
j. S. Bache & Co. to White & White
NEW YORK, June 18.-.The erratic
price movements so strongly notice
able in yesterdays stock market were
again in evidence during the session to-
day. Amalgamated Copper opened at
100 and sold down to 126 half an hour
later, recovered great part of the de-
cline and while no decision had been
rendered by the Court up till o'clock,
it is confidently expected that it will be
favorable to Amalgamated Copper. T.,
C. |. and c., F. I. declined on non-con-
firmation of the talk that these two
companies would be absorbed by the
United States Steel Co. On the other
hand Republic Steel kept its advance
fairly we'll and both issues of United
States Steel were in good demand owing
to the near approach OF the dividend
time. The Coalers and the Gould stocks
were neglected and lower under the in
lhuence of realizing sales, while Peoples
Gas on favorable news was we'll bought
and maintained its rise satisfactorily.
The market closed somewhat disturbed
and irregular with no decided tendency.
Dow. Jones & Co. to White & White
NEW YORK, June 1S.-St. Paul deal
still far from completion. Intention still
on part of Union Pacific to acquire in
fiuence in policy of st. Paul, but it may
not be by purchase or by lease. Mis-
souri, Pacifcs insiders still confident of
higher prices. Expected Atchison enter
into important alliance with other lead
ing roads. United States Steel pursuing
policy of keeping down expenses. Earn
ings of N. p. expected to be remark
ably good. Wabash line to Pittsburg
expected to be ready in eighteen months.
Metropolitan Road doing exceptionally
good business. Senator Depew denies
Northwest in U. AP. Set-out deal. Ex-
pected VickersIMaxim get Bethlehem.
Earnings st. Paul gross second week
June increased 45,217. International
and Great Northern gross second week
June increased 15,110. tHeinze denies
a settlement Of the Copper litigation
and that negotiations are pending.