Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-06-01
BUOTAN TONE.
THE PENNSYLVANIA RAILROAD
AND OBSERVATION-DISCLOSURES
GOULD OPERATIONS BELIEVED
TO BE RESPONSIBLE.
fBy Associated Press.l

tner increased, giving the market a
good deal the appearance again that it
offered during the boom period. The
strength became very general during
the progress of the day, part sympathe-
tic and flowed from the conspicuous
strength of a few prominent stocks. The
current conjecture in the street pointed
to a conclusion that the movement of
the principal stocks was due to opera
lions by the Harriman-Rockefeller
Gould element and to those of the Penn
sylvania railroad in retaliation. The
advances scored in the London market
during the holiday yesterday and be-
fore trading was commenced here to-
day gave the market a good start at the
opening and there were many gains
ranging between / and 2 points. After
the preliminary reaction, due to the
selling to take profits by the buyers of
Wednesday, Athison moved very ag-
~gressively upward on an absorption of
thousand share lots. During the rest of
the day there were successive develop
ments of similar movements in other
stocks, notably Pennsylvania, Union Pa
ciic, Southern Pacific, Missouri Pacific
and the Southern railway stocks. The
buying of Atchison came from many
sources, apparently in an effort to dis
guise its origin, but the prevalent opin-
ion was that a large part of it was for
Philadelphia account and in the inter-
est of the Pennsylvania railroad. A
large speculative pool was also active
in the stock and helped along the adj
vance by manipulation. The buying of
Southern railway was attributed to the
same source, and confident predictions
were heard that announcements would
soon be made of Pennsylvania control
in the company. The advance in Atch-
ison reached 5h, in the preferred 25s,
Pennsylvania 3b and Southern railway
3as as a result of this buying. The
movement in Union Pacific, Missouri
Pacific, Southern Pacific and the South
westerns generally were almost equally
impressive, Union Pacific rising an ex-
IRENE AS, Kansas & Texas preferred
3B, Southern Pacif 33s and Missouri
Pacific 3A. The street was full of we'll
defined rumors that a settlement had
been agreed upon between the contend
ing interests in Northern Pacific which
would result in even stronger condi-
tions in the railroad world than at
present. This was the underlying
cause of the strength in the market but
the railroads in the southern region
responded much more nobly than those
in the northern region. New York Gen.
trail rose "a and Baltimore & Ohio "a,
apparently in sympathy with Pennsyl-
vania. The so-called Greater Missouri
Pacific project retained it's full forces
as a factor. The decided strength of
the United States Steel stocks also had
a considerable influence. There was
talk of an early dividend on the CON-
mon stock. 1t advanced "a and the
preferred 23s. Amalgamated Copper
rose nearly 4 points in spite of the re-
ported formation of an opposition cor
poration.
The combination of the opposition
vas said to be preliminary to it's AL
sorption by the Amalgamated Company.
The stock reacted later and closed with
a net gain Of less than two points. There
were gains Of from 9 to Az in a num-
Der OF o.1er induslr.als. Evansville G.
Terre Haute ROSE tx, DeS Moines & Fort
Dodge AZ and Twin City Rapid Transit
81. Preliminary estimates of the bank
statement indicate that the inflow of
cash from the interior has more than
offset the losses by he banks to the
sub-treasury which include the pay
ments to the assay Office for the gold
bars exported. The market closed &C.
tive and strong at a rally from a late
reaction and with many stocks at the
top.
Bonds shared in the strength of the
stock market on a considerable volume
of dealings. Total sales par value s4,-
215, 900.
United States %refunding Is advanced
Il per cent on the last call.
Quotations closed bid:
AtchiSon SaihiAIet G. d. ,co,J