Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-04-27

The London Market Was Strong,
Mt Advanced Prices-To-Day win
he a Holiday on the New York
Stock Exchange, Consequent
Upon the Renewal of the Ex-
change to the Produce Build
ing-An Interesting Exposition of
tho Market Conditions Yesterday.
Special to the Register.
NEW YORK, April 26.-This was
another big bull day. The market
opened at substantial advances, reach
dng in some cases full point. London
again led off with a strong opening,
louisville and Nashville leading with
gain Of Is. The same stocks that
were leaders yesterday led again to-
day. The transactions were very heavy,
reaching 100000 shares the first two
hours. and the total for the day was
1,660,000. This was the last day in the
old stock exchange, closing the week
with ten days of the heaviest transae-
tions were recorded, the average sales
being about 100000 shares. There Is
no present indication of let-up in tho
bull situation. although Russell Sage
and few others are yelling murder and
predicting all sorts of things for the
immediate future.
Union Pacific opened at 10S%, an adj
vance of "a over yesterdays close The
stock advanced to 1O9B, declined to
10TH, and closed at 1o7%. ST. Paul
was again active, and yesterdays top
price of 170ss was passed on to-days
close, 1854. Burlington was again
strong within narrow limits, continuing
its steady climb to 200. reaching 1879.
closing at 1884 Considerable arbi-
TRACE business is doing in Burlington
The new per cent bonds to be issued
against the Burlington are in demand
above par. Spectators are buying Bur-
lington below 200 and selling the new
bonds against the stock, thus scalping
out two Or three points.
The transactions in railroads were
heavy. Northern Pacific common de-
veloping universal strength, and scor-
ed new high levels, probably on the
theory that it lis worth as much as
Union Pacific. Ut opened at 1861, an
advance of q on yesterdays close, and
reached 109. closing at 1OS%. The to-
tai transactions were 106,5O0 shares.
The Atchisons were again very strong
and active, preferred reaching 991a,
closing at 9SB, and the common very
active around II, closing at TN. The
trading was $1,000 of common and 49,
600 preferred. =. seems to be accepted
that the Atchisons will be practically
the Pacific extension of the Pennsyl-
vania. The preferred will certainly
sell at a premium and the common is
on its way to 80. Texas Pacific and
'Katies' were fairly active around
yesterdays prices. Rock Island open
ed at an advance of ~ over yesterdays
close, at ISL, reaching 158, and closing
ohS WAIhAh VI lAG up. lHSIt 10
a great deal of bullish talk on this
stock. There is supposed to be an agree
ment between Rock Island and At
Gibson favorable to both stocks. Chi
cago and Northwestern common was a
strong feature at 209A on light sales.
Chicago & Great Western common, as
predicted yesterday developed consid-
cradle activity, opening at 24ss, adj
vancing to 267s. but lost about l point,
closing at 25A. 1t is quite likely that
this property will have very substan-
tial advance, as it occupies a strong
strategic position, and is rate dis
turber. 1t must be taken in hand by
one of the larger systems. The Read
1ngs and Eries We're again neglected,
but we expect them to spring into &C
tivity amy day. There seems to be a
quiet absorption of the stocks. Balti-
more & Ohio common again scored a
high level, opening at 1925, and ad-
vancing to 104&, closing at 103%.
Pennsylvania opened this morning at
u53 ex-rights, as against 161 at yester-
days close. The Pennsylvania rights
sold around g.
United States Steel stocks were cas-
ily the leaders in the industrial gossip,
and in fact one of the strongest feat
ures of the entire market. The prefer
red opened at 95R@A, q gain of
point, on a sale of $4,000 shares. and
with small recession. shortly adyanc-
ed to 96A, closing at this figure. Com
mon opened from 4T% to ASH on a
sale of. $4,000 shares, an advance of
about l point over yesterdays close.
The transactions We're very heavy at
about opening prices, closing at 4SA.
OF the common 1S4,600 shares were
traded in. and 1890 of preferred.
liquidation at times appeared to be
heavy, but all offerings were absorhei
with great confidence The public
seem to be rapidly coming to the con-
clusion that United States Steel stocks
are here to stay. and will s.e much
higher prices.
Pressed Steel Car preferred advanced
from SAY to Sc. on small sales. Cop
per was very active from 120 to ICE.
closing at 1919.
Money was easy. and has begun to
flow in quite plentifully from interior
points and good bank statement TO-
morrow is expected The tremendous
rush of business has taxed the brokers
and their clerks to the utmost, and to-
morrow's holiday consequent upon
moving the exchange. will be welcome
The exchanges will be closed and no
business transacted Saturday. The
STOCK exchange goes to the produce ex-
change until the new building is ready.
The New York tra ctiopS rero r..u