Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-03-08

Oregon Short Lin 6s .I27A
no consol os ....:.......... -......-.,-ll6
Rio Grande Western 1904
q. Louis and Iron Mount. consol IS. III
81. L. and S. F. general 6s..........130
st. Paul consols .1S41ls
st; p. c. and Pacific lists .1lSls
Southern Pacific As SO
Southern Railway .116
Standard Rope and Irvine 6s.......... 53k
Texas and Pacific lists ...............11S1s
Wy eAns ;s...."-.- .-......"....... 80
Union Pacifc As .1O6A
Vdpdsn ISIS ..-........
West Shore 4s ............ .......... .115I
WISCONSIN Centrale sts............... IS
Virginia Centuries IS
State bonds inactive.
Railroad bonds irregular.
Stocks-The market made quite a
vigorous resistance this morning to an
early bear drive. BY means of the sus-
tanning influence of individual stocks,
early losses were largely wiped ont ard
the level of prices generally carried
over last night, but during the latter
part of the day the market succumbed
to depression and speculative liquida,
ton came into force. The result is a
predominance of net losses on the day.
- ~" oISNho hld1lISlACu q LID (
net gain, but they were rather palpa-
bly, under manipulation for their sus-
tanning influence On the rest of The
market while profit taking was going
ON. The narrowing supply Of avail
able credits and the callinf Of loans
by some of the banks was the most i'm
portant influence in the reaction. In
addition, the movement of prices had
grown quite obviously under the in
fiuence of manipulative pools and the
selling to take profits by this class of
operators in a market in which the
public Is net taking a large part had
the effect of turning prices downward,
There has grown up some feeling that
the recent ease of the money market
has been in some sort due to artificial
causes prompted by the desire of large
capitalists to insure smooth sailing for
some of the important financial oper-
atlons recently set afloat. Such arti-
fetal ease must necessarily be limited
in duration, the natural curse of
events having their inevitable results
in due time. Besides the absorption
of over $3,500,00 by the ~sub-treasury
from the money market and the sud-
den turn in the tide of the interior
movement to New York, the none
market has felt the effect this week
of the payment by che Union Pacific
of half the purchasing price of it's
controlling interest in Southern Paci-
fic. The Pennsylvania railroad is also
reported to have paid over several
million dollars on account of the Long
Island railroad purchase. Money rates
have consequently worked closer and
some of the holders of stocks on mar
gin have been prompted to liquidate.
This selling was particularly marked
to-day in Pennsylvania, Union Pacific
and Burlington, which were made the
subject of joint operations for q rise
during the last few days. An effort
was made to continue pool operations
for the advance by a revival of reports
Of the st. Paul absorption by Great
Northern and Northern Pacific inter-
ests. This had the effect of lifting st.
Paul IL. An advance in chesapeake
& Ohio of 1B on talk of large earnings
and an increased dividend, was a
Strengthening factor and there was
quite an active speculation for the rise
in Peoples Gas and Sugar. With the
exception of Chesapeake & Ohio, which
saved a net gain of 1B, these stocks
lost practically all their gains and the
selling movement carried the principal
active stocks from / to 2 points under
yesterday. Among the less important
stocks which were pushed up at times
during the afternoon were Brooklyn
Union and Consolidated Gas, with adj
vances of 6 and 61a; General Electric
2, and a number of others from l to
4 There was a turn against the
shorts in some of the steel stocks not
included in the United States Steel
Corporation, which resulted in ad-
vances of from "a to 63s in the Re-
public steel stocks, Colorado Fuel and
Tennessee Coal. All of these stocks
fell back after the demand from the
shorts had been satisfied. The press
ure against Amalgamated Copper car
ried it off at n time rs, and is closed
with a net loss of a point. The steel
stocks continued very dull and enc
ally heavy. Provision has been made
for trading on the stock exchange in
the certificates issued by the trust COM
pdittS III tCtulA lOi lit SlCGhS tie
posted in assent TO the merger, but
there was not a single transaction in
these certificates to-day except in
American Sheet Steel certificates. which
stock has 10 heretofore been trade.
In on the exchange. Some confusion
was caused by i~ll-informed announce
ments that provision had been made
for trading in certificates of the stocks
of the United States Steel Corporation.
Operations in these securities are still
confined to the curb in the shape of
contracts TO deliver when issuei.
The bond market was quite active
to-day. but irregular. Total sales par
value S.. 400, 900.
United States returning Is declined
y per cent. on the last call.
Quotations closed bid:
Atchison ...... 57Sk Mobile q Ohio. 81
do uhef AS. ofA M X HEL