Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-06-12

Special to the Register
NEW YORK, June 11.-This morn
ing's London quotations were as fol-
lows;
United States Steel and Denver COM
mon are the features of the market.
Consols advance l 1-16, Atchison ad. y
Can. Pac. dee. a, st. Paul ad. IL, Ice
dec. 1e, l.. 4 n. dec Is, U. F. pr. dec.
Is, N. Y. C. ad. n, Erie 1st dec.
a, Penna. dec. ", n. P. pr. dec. Y, U.
S. ad. y, pr. ad. *, Anc dec 81. Read
ing com. dec. u.
2 p. Match. com. ad q, pr. ad.
n, BE O.ad.5s,C. & o. ad. a .StPaul ad
IA, Mex. Cent. dec. 7s, Den. pr. ad
1ss, Erie com. dec. ", 1st pr. ad v,
Ice dec. ", l.. & N. ad Il, M, k &
T. dec. u, N. Y. c. dec. 1s,Wab. pr.
dec. Is, Rdg. 1st ad. u. s. r. pr. dec.
y, So Pac. dec 3s, U. P. pr. ad. q,
Steel com. ad. p, pr. ad Is
The New York market was fairly
good in the morning, but dull and list
less later in the day, the close being
weak. Opinions differ as to what is
going to happen, but all concur in the
opinion that something is to come.
The steels were Off fractionally at the
close on moderate transactions
Missouri Pacific and a few of the other
railroads closed at small advance,
but the fractions were off, as were
the tobaccos and pretty much every
thing else. There is an idea that steels
are due for lower prices.
In Sugars the decline was attributed
to Boston selling, supposed to be for
the Lawson party. There was no news
of any kind in reference to the proper
ty or to trade conditions.
The papers this morning have the
following news of value.
Gould stocks were again very strong
on the report of progress in the
Southwestern undertaking and a five
per cent dividend on Missouri Pacific
and prospects of a settlement between
the Wabash and Pennsylvania and the
Vanderbilt interests in the east. The
stocks held up very we'll during the re-
action.-Herald.
The market has had its reaction, the
crop report is out and is more favor
able than expected, and traders have
had impressed upon them the fact that
long stock does not come out in any
volume, even when prices are forced
down. This is the strongest feature of
the situation, and one that makes for
stability of prices, and for subsequent
improvement when the big interests
again take an active part in the specu-
lation. The decline in U. S. Steel was
expected to demoralize the market, but
it merely emphasized its strong posi-.
ton. There will be a dividend of
four per cent. on Steel common at an
early day. and these shares are pur.
chase. We advise buying st. Paul,
Union Pacific, Southern Pacific, Atchi-
son and Missouri Pacific for good prof
Its. The tobacco stocks will advance,
and can be bought for turn. Standard
Oil control of American Linseed should
cause further advance in the latter.
Amalgamated Copper should be held
for higher prices, and the local trac-
tion stocks will do better. Wheat is
purchase on declines, and cotton will
have a good advance.-Town Topics.
Stocks fairly active. $4,000 shares.
Inclined to be weak in forenoon, but
rallying at close, with average if any
thing shade higher. Professional clique
hammered prices all day, and have in
creased short interest. London sold
10000. Bonds steady. Governments
unchanged Time money firmer, but
call easy at 211@31s per cent. Sterling
barely steady. Wheat down q, cotton
S013 lower. Government crop report
much more favorable than expected.
Surprise in Linseed Oil. Union Lead
and Oil controls about one-third, but
Standard Oil has two-thirds, and has
elected three directors. Old manage
ment retained, and. thought working
ARRANGEMENT may be made with Union
Lead and Oil and National Lead as well.
International Steam Pump begins 4
per cent. dividends on common in quar-
terly installments. London stock ex-
change has regularly listed in U. S.
Steel common and preferred. Colorado
Fuel Steel plant working full blast
New York News.
The majority representation on Lin
seed board goes TO Standard Oil. Deal
with Union Lead and Oil abandoned,
International Steam Pump declared
dividend four per cent, payable quar-
terly. No truth in rumor that the
Independent Refinery by Doeschers.
Chicago bull pool again taking an act
I've interest in the market. Talk of
dividend on L. ". in July. Extra
dividend StPaul possible in September.
Possible hitch between Peoples Gas
and City Council Cleveland reports
say Vanderbilts bought Glover Leaf.
Five per cent. ex-dividend on A. S. w.
Strong bull pool reported in soft coal
stocks. President Osgood of c. F. & |.
says conditions in. the west are very
encouraging. Anal. Copper has an
nounced that its transfer books will not
be re-opened until June LIST.
M. X. T. he's been showing consider
able strength. and it is claimed that
with any marked revival of bull spec
ulation the stock would be likely to
give a good account of itself. There
is pretty general expectation that after
the years accounts have been made up.
directors will take action on the ques-
ton of preferred dividends.
Monday ......................... S4s 6sn
I'M