Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-26

special TO the Register.
NEW York, April 25.-This was an
other remarkable day on the street.
Union Pacific was again the leader,
opening at 1854. and advance of "a
over yesterdays strong close. and was
rapidly bid up to ITO, the rise being ac-
companied by all sorts of good news.
It was said, for instance, that Chicago
and Northwestern had offered a guar
antee of per cent. on the common
stock which was declined, and a z per
cent. guarantee asked. The continued
strength of Union Pacific and the ex-
cellent buying of Burlington, St. Paul,
Missouri Pacific and Northern Pacific
and the Atchisons soon caused the
bears to cover, and by noon they were
completely routed.
Almost every stock on the list showed
substantial advances. Perhaps very
important factor in the advance was the
publication of the news that J. p. Nor
gan had marketed a large block of
which will offset, to great extent, the
subscriptions to the English, German
and Russian loans, and thus disap-
pating the fear of tight money. These
war loans have been very literally
subscribed to in New York, Chicago
and Pittsburg by the large insurance
nj hoJ Nf at0b anJ
railroad stocks, which, at present
prices, only net to 31a per cent.
Union Pacific sold off near the close
of the market, closing at 1878, prob
ably due to heavy profit taking under
cover Of strength in the balance of the
list Southern Pacific recovered yester-
days loss opening at 80, advancing to
54A closing at 531s. Burlington reached
top figure to-day, 1878, thus showing
revived faith in the pending deal and
satisfaction with its terms. Atchison
preferred and common were both very
strong under what was termed good
buying, the common going IA, closing
and advancing to SO, a record price,
closing at 98%. This buying is attrib-
uted to Pennsylvania interests. The
'Katies" were neglected. Texas Pacific
was strong and active around As, and
there is a very bullish feeling on this
property. Rock Island gained 3&, adj
vancing to 1853, but lost "a of the
gain. Chicago e Alton is being absorb
ed by the Hartman syndicate, and will
undoubtedly be used in the Union Pa
ciflc deal, giving them an Independent
entrance into Chicago. 1t is reported
that a price has been offered for con-
troll of the common stock of Chicago &
Great Northern at a price much above
present quotations, and this talk will
probably cause sharp ad-
vance. 1t became very active
the last hour of the market
and advanced 2A points, closing
at "a. Baltimore 6 Ohio and Pennsyl-
vania were strong to-day, Pennsylvania
closing at ISL, gain of 21s for the day.
3D. & O. common opened at 49,. advanc-
ed to 1929, and closed strong at 102.
Eries and Readings were neglected.
New York fractions were readily alb
sorbed all day around bottom prices.
and made substantial gains at the
close, Manhattan gaining q, closing at
12S, Brooklyn gaining 215, closing at
SSH, and Metropolitan l, closing at
1721s. dt looks like these properties
will all sell higher. United States
stocks were much more active than yes
terday, and after selling around AZ and
"a advanced, closing the last hour to
AZ and 94A, under very heavy buying.
Gates is reported as saying that COM
mon will sell at 70 and preferred at 115
before July LIST.