davidaulloa/AmericanStories huggingface dataset:
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

NEW YORK, March 9.-The Wall
Street Journal says:
When the new Steel certificates are
quoted on the New York Stock
Exchange tape. there is ex-
pected to be a simultaneous
quoting of the certificates of the
stock of the individual companies.
This will be accompanied by a steadily
narrowing of the market fer the min
GRITTY stocks not turned into the new
company. Some holders of minority
stocks have taken legal steps to ascer-
tain their rights in the new deal, but
are informed that they stand in no diff
ferent position than they did as min
GRITTY stocks when the pubic held the
majority now transferred to the new
company. 1t is simply a change If
owners. Nothing will be done in the
new deal by the majority stock that
would not have been legal in the old
regime. 1t is announced that a COM
pany will be taken over only as two
thirds Of its stock are turned in.
Inasmuch therefore as the largest in
terests in these companies have al
ready turned in their stocks they will
naturally be anxious to have the re-
qulSlte tW0-thirdS turned in. So far
assurances seem to be satisfactory that
the two-thirds of all the stocks will be
turned in of the companies already Of
ficially announced as in.
The question now is whether other
new companies are coming in-Tennes-
see Coal & iron, for instance. On this
point there is no official utterance be-
yond assent to the proposition al
ready referred to above, that any ap-
proved company of which two-thirds
OF the stock is turned in may be taken
into the big combination in time.
High officials of a number OF the
companies included in the United States
Steel Corporation say that the month
OF February was a record breaker as re-
CARDS tonnage with practically all of
the concerns going into the combine.
The demand SO far during the year has
exceeded all expectations, and all signs
point to a continuation throughout the
year and probably longer.
The large demand is having a percep-
tible effect ON prices. especially steel
billets, and it is expected that there will
be a material advance in the price of
this product during the next few
months.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

'sylvanlaH eontfcIlng Jotn-
ed William X. Vanderbilt andAJ. q
Morgan about Z y6arSSago In the pnr-'
chase -ofsa majority OF the Chesapeake
q g0h1os0 c4Qttal sfock-this being sone
Of the earliest moves toward the de-
veaopment ofE4he community of inter-
est policy among important railroads
The proportion taken by the Pennsyl--
vania was largest-amounting by mu-
tual agreement, to control. During re-
tended, till now, directly and indirect
h, the Pennsylvania owns the indie.
pendent working majority.
Now comes the step originally plan
nedthe Pennsylvania is to take over
the Chesapeake q Ohio, make II an in
tegral part Of its vast system by the
execution of a lease for 999 years,
There is to be a Pennsylvania guar
antee of dividends to Chesapeake &
Ohio stockholders of 8 per cent. at the
start, with additional disbursements
a earned" Though Chesapeake &
Ohio securities have recently been
conspicuous on the New York stock
exchange, no official suggestion has
hitherto indicated this development.
Wall street, of course, has not believ-
ed that the big interest in Chesapeake
& Ohio was acquired by the Pennsyl-
anil without such well defined, far
reaching plans in view as would even
tuaIly prove advantageous to both
properties; but nowhere has there been
expectation of the lease policy now de-
tenmined upon. Generally there has
been the idea that the Chesapeake &
Ohio would have to go through that
waiting experience which has made
Panhandle security holders weary
through so many years, a policy
which has had Pennsylvania exempli-
fication for a variety of other sub
ordinate" or auxiliary properties.
But it is stated Ton authority of
~character) that in the original COM
pact under which the Pennsylvania
New York Central interests acquired
the controlling blocks of Chesapeake
& Ohio, William X. Vanderbilt per-
sonally arranged a stipulation to the
effect that all minority interests should
have immediate and actual returns
from the traffic operations of the prop
erty. Two members of the Vanderbilt
family are among the largest minor
ity holders of Chesapeake C Ohio
stocks, and attorneys closely related to
Vanderbilt interests are now active in
the technical p~reliminaries that have
to do with the lease proposed by the
Pennsylvania.
1t is not disclosed when the lease
will be perfected and made operative;
many details are involved, but. none
that is serious. Upon what can be
considered as satisfactory authority,
however, it is stated that only a COM
paratiyely little time is needed to
complete the arrangements"
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
& Ohio.

Chesapeake & Ohio has been bought
to some extent on a report printed in
a morning paper that there was a
Pennsylvania plan to put the stock
on a 3 per cent dividend basis" There
is not a Vestige of truth in this rumor
or In any m connecting the Penn
s~ylvania railroad or Pennsylvania in
terests with any such plan in connec-
ton with Chesapeake & Ohio.
NEW YORK, March 9.-The Evening
Post says:
President Galloway, of the New York
Central railroad, who is a director of
the Chesapeake & Ohio railroad, de-
MED positively to-day that any lease of
the Chesapeake & Ohio railroad to the
Pennsylvania railroad was contem-
plated.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
OIL OPERATIONS.
Special to the Register.

Special to the Register.
HARRISBURG, w. Va, March o.
The West Fork Oil & Natural Gas
Company, of this city, has leased 600
acres OF territory at Bridgeport of j.
b. Sandusky and Jesse Willis, and viii
drill a test well for oil and gas at once.
The we'll will be drilled near the cor
porate limits of Bridgeport
The Southern Oil Company secured
this week 265 acres of territory al. Will
sonburg, which was held under option
by NJ. j.. Francis. 1t is stated that the
company will begin a test well in this
locality in the very near future.
Col. T. M. Jackson let the contract
Wednesday for a well to be drilled near
Shinnston. Contractor Lowefy, of
Pittsburg, will drill the hole.
The C.. C. Tallman well at Jane Lew
is reported to be a buster in the Cor
don sand.
Southwest of Huntsville tho South
Penn Oil Company has completed its
A. ID. Lawson No. 4 and has "a small
pumper.
A rig is NOW being gotten ont for a
we'll to be located on the w. J. Bryan
farm at the mouth of Conn's Run. 1t
will be drilled by a Pittsburg company.
The Columbia Oil Company has fin
ished a well on the NJ Holden farm,
north of Salem. and have a light pro-
Queer.
The South Penn Cmpany has com
pleted its test well on the II. S. Da-
wilson farm, in the Huntsville devel-
opment, and have a ten-barrel pumper.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
OIL Quotations.
ADDITIONAL SOCIETY.

Wheeling Lodge No. ia. X. OF p,
will celebrate their fifth anniversary
and visitation Wednesday evening at
thir Castle hall in the Odd Fellows
building.
The programme lie as follows:
Mr.. w. p. Robinson.
Violin solo....".-.The Song OF the Rose
Master Lawrence n Summers
Mr.. w. Clyde North.
Mr.. David white.
Messrs. VIII Kuhn, Chas. A. Rush and
Henry J. Ritter.
'~" Mrs. chas. o. Roemer.
Tenor solo:...........Queen OF the Earth
Mr.. Samson Emerson.
History and Progress Of our Lodge
Mr.. Chas. J. Schuck.
Soprano solo ..... Selected
Miss Miriam NJ. Moclemens
Mrs. w. ii. Keogh.
Bass solo.-............Th The Vulcan's Song
Mr.. Dayid a. Crawford.
MNs sssrs VIII K,,bn. chas A. Rush ana
Harry J. Ritter.
Accompanied, VIM. +. Loeffier,
All brother knights OF sister lodges are
invited TO bring their ladies' on this oc-
casion.
In an account OF the annual ball at
the Royal Palm hotel at Mana, Flor
ida, the "Miama Metropolis" says:
'In the rotunda OF the various queens
OF the social life that makes the Royal
Palm so enchanting, even to the pass
ing throng, held court, each surround
ed by a circle OF deyotees. Here calm
and stately sat Mrs. Senator Camden,
in one OF her many beautiful gowns
with a few fine jewels glittering On her
hands, at her throat and in ther beaut-
iful satiny hair, banded SO smoothly
and becomingly from the central part
ing and held in a coil by a high jewel
ed gold comb"
The leading society event OF the
season was the reception given by
Miss Althea Strahl, at her home on
Rose Hill, Bellaire, Thursday, March
7th. The roorns were beautifully de-
eorated with cut flowers and ported
plants. Among those present were:
Misses. Ada Hoffman. Laura Braun
Itch. Grace Heancy, Bertha Green.
Clara Rodening, Margaret Althar.
Elsie Lee, Edna Burt. Messrs. How
ard Grafton. Willie Pailman. John
ponders. Roy Burden, Earl Green.
Edgar Aithar, Howard Snedecker and
Wilbur Aithar. Progressive games
and music were the features OF the
evening. At a reasonable hour excel
lent refreshments were served.
secure your new spring suft or n
material for same 81 from ten to
fu~nty per cent. below rewufnr prices
at Geo N. shook A Co.'S.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
Chicago Produce.
CHICAGO March

CHICAGO, March 9.
Wheat-Market has ruled fairly firm.
Gables responded to our rally yesterday
in good shape, and there was some COW
ering of shorts to get out of the way
OF the government report Monday.
The falun reserve last year was $50, 000,-
600, and in 1899, 1873, 000. 900. ,Guesses
are from 125, 000, 900 to 140 000, 600 for
this year. Some complaints coming
from Kansas that Hessfan fly is re-
ported in various localities; this is
borne out by some Kansas men who are
here and report to their wholesale mer-
chant that the fly has been reported to
them by farmers. Northwest receipts
to-day are 1873 cars, against 305 last
week and 644 last year. Receipts for
the week at Minneapolis and Duluth
1857 cars. againct 1878 cars the pre-
vious week and 3.763 cars the same
week last year. Primary receipts to-
day are 56S,9S7, against 652,69S a year
ago; shipments 20S, 179, against 9S,517
a year ago. Receipts for the week,
1900, 600, against 3,S25,000 a year
ago. Shipments, 1867, 600, against
9G2 900 a year ago.
Corn ruled firm. There was good
selling early by the prominent long in
tefests, but this was later taken back.
Oats were a shade weaker. with very
light trade.
Provisions were strong early, al
though much of the advance has been
lost at present writing. We think the
advance has been rather sharp, espec-
tally in pork. We still feel that pork
should be bought on breaks.
F. C. LOGAN.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
National Steel.

In all probability the quarterly divi-
dend of Ia per cent on the preferred
stock of the National Steel Company
will be declared about the middle of
this month by the directors. This is
the only stock among those going into
the United States Steel Corporation on
which a dividend should have been
paid prior to April l, when the rela-
tons with the United States Company
are supposed to take effect. 1t is UNI
derstood that one reason. why the divi-
dend has not been declared was to post
pone action SO that the books would
be closed as short "a time as possible
in order not to interfere with exchang-
ing it for the securities of the new
company.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
An Interesting Comparison.

NEW YORK, March 9.-In his week
ly letter Henry Clews makes the follow
ing interesting comparison of the price
of leading stocks on March 9Th, as
companred with a year ago:
The tenacity with which the Stock
Market clings to the high range of
values is remarkable. 1t is now four
months since the boom set in, and yet
there has been no distinct break dur
ing the interval and prices now range
at the highest figures and are, on the
average, far above the highest level
ever before reached The following
quotations of twenty-seyen active
stocks on March 9Th, compared with the
highest and lowest for the year 1900,
affords an interesting illustration of
the course of values for the last four
teen months:
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

White 6 White.
NEW YORK, March 9.-The market
opened irregular, followed by realizing,
particularly in c. & o., which opened
up ! to ". Sugar declined on the cut
in refined. The bank statementvhowed
reserve decrease $4,000, 600, loans in
crease $4,000, 900. Market closed gener-
ally firm. The bank statement while
bad, was about as expected. We be-
licve that we shall see a very active
and higher market next week. There
are a number of important deals pend
ing which are about to m~aterialize, the
consumation of which will increase the
bullish feeling.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
international steel.

The cable from London, which stated
that there are now in progress at
dusseldorf, Germany, negotiations
whereby eighty-ive works embraced
IN the German Wire and Nail Asso-
citation are to come under the sway of
n new United States Steel Corpora
ton. has not been confirmed from
other sources.
Following is an abstract from the
testimony OF John w. Gates before the
industrial Commission at Washington
November IA, 1899:
g. fBy Mr.. Jenks.) 1t was reported
anne months ago that there had been
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

Yesterdays New York stock market
was characterized by an irregular open
ing and a firm close, with no i'll effects
from the ~unfavorable bank statement,
which had beer discovered in advance.
Private advice from a reliable house,
published a few days ago, predict a
firmer and higher market for the COM
ing week, as some important matters
are said to be ON foot calculated to in
fuence the market.
Below will be found advices, QUOTA
tions, and various items of important
news
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
Open. High. Low. Close.
Stocks.
New York Money Quotations.

NEW YORK, March 9.-Money on
call nominal. Prime mercantile paper
3@4A per cent. Sterling exchange
nominal with actual business in bank
ers bills at s4.S7B for demand and at
A.S4B @4.S4A for sixty days: posted
rates SASSY and $4.SSh; commercial
bills s4.S3k CASA: silver certificates
61h @63c bar silver 607sc; Mexican
dollars 49c; State bonds weak; rail-
road bonds irregular; government
bonds strong; refunding Is registered
105A; coupons 1864; IS registered III;
coupons Ill; new As registered 1879;
coupons 1875; old As registered 113;
coupons ia; IS registered 111h; eou-
ponS 111h.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
TT prices Of q stocks. 2. l3 e
Av. prices of q stocks. g

The lowest average market value of
this group Of stocks last year was s5S
per share and the highest $50 the high
est range Of the value being reached
a the close OF the year. This shows
an increase, during 1900. of AZ per cent
in the amount of loans required for
carrying stocks. Comparing now cur
rent prices with the highest values OF
1900, we find a further rise of Sc per
share, with no ~in1icardons Of any pres
emit reactionary tendency.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
Morgan Going ACfnad.

]. P. Morgan is booked to sail for
Europe on the Oceanic on March 9th.
TO be absent longer than usual. 1t is
understood that Mr.. Morgan will take
a complete rest.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
The plan ComnIeted.

A New York special of yesterday
said:
Final details are now practically
completed for the actual annexation
Of the Chesapeake and Ohio railroad to
the P~ennsylvania system. The Penn
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
STOCK MARKET


The Rank Statement was . Distinctly
Unfavorable One, Yet 1T Appears
to Have Been Discounted In Adj
Vance, and No Ill Results Follow
ed-The Quotations of Yesterday,
and the General News Of the Bias
tness and Commercial World.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

81 serious contsmplaktop = any it.
& combination between the American
manufacturers here and corresponding
manufacturers in Geymany.
A. (By Mr.. Gates.l went yer there
for that purpose.
q. Will you kindly explain that 70
us?
A. / met all the wire makers OF
England, Germany, France, Belgium,
and Austria, and / believe all in Europe
and l advocated an agreement by
which we could get better prices for
our product and divide the tonnage on
an equitable basis. They thought we
were entitled have no objection to
telling you-to about rs per cent. Of the
business, and they thought they ought
to have IS per cent. Before got away
they offered us As per cent. and wanted
55 per cent / did offer to take SO per
cent and give them so per cent. but
they would not do that. : = Their
entire idea is that they have but one
competitor in the world, and that is
the United States. s
@. (By Representative Livingston.)
Do you desire or propose to continue
your efforts, to renew your efforts with
manufacturers in foreign countries to
syndicate this business?
A. No; I think we have about given
UP and made UP our minds to paddle
our own canoe. To tell you the truth
l think they would have given me fifty
per cent. before | left Europe, but I got
scared and came home.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
THE REPORTS

LONDON. March 10-Advfces from 9
great South African financial houses co
Kitchener and Gen Botha have been
negotiations for six DAYS Peace, or
least . long sfep+ towards the end q
War, r looked for next week
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
Condition of the Treasury.

WAlHINGTON. March 9.-To-day,s
statement of the. treasury balances In
the general fund, exclusive Of the $780,
0Gc, 000 gold reserve in the division of
redemDtiOn. shows.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
The HsxIett Quotations,

The following quotations were received
By Howard Hazlett e Son, National Elk
change Bank building:
NEW YORK, March 3.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
The Clearing House.

Following are the clearing house
operations of yesterday and for the
week, as compared with last week and
the clearings in other cities of the ap-
proximate size of Wheeling:-
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
Observation-Disclosures & ohio.

The Philadelphia Press believes that
Pennsylvania is to control Baltimore
& Ohio. 1t is believed that PennsyI-
vania now owns $1S,o 600, 900 par value
of the outstanding stock, which ag-
gregates $50, 800, 900. 1t is also assert
ed that Pennsylvania has bought large
ly of the common stock and of the new
convertible bonds.
The New York Herald says that
leading share holders of Pennsylvania
are dissatisfied at the n in which
the proposed new stock is to be issued.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

and Will make a nice producer in the salt
sand.
The well recently drilled in at the mouth
of Indian Fork, in Gilmer county, is good
for upwards OF n hundred barrels a day,
and it Is said that the sand there is quite
thick.
OIL Quotations.
NEW YORK. March 9.-Standard OH
stock 7a5Qsoo.
OIL CITY. Pa, March 9.-Credit bal
ances SIS. Certificates, no bid. Ship
ments, 1916 barrels; average, 97,l6s.
Runs s0.s3 barrels. average. So. 800.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

Express Companies.
Adams ...... ....15 United States :. $50
American -. ...1SS lWells-Fargo LII
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
Mining Stocks.

%New stock.
Total sales. 4S5, 500 shares.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
What the Press Says.

Dali y Californian. Feb. 10. 1901
Stupes idous Sale of OIL Land-Sec-
ton So. 2S-2S Said to Have Been
Bonde d to on English Syndicate for
$4,000 000-Deposit of 500. 900 Has
Been Put Up-The largest sale, a
stupel idous one, since the discovery
OF oil in Kern county, Is reported
on WI lat appears To be reliable au-
thorit y. The sale is only prospective
asyet. but the purchaser, an English
syndi ate, has made a deposit Of
$100.0 90 as a guarantee OF good
faith. This property is in sec. 80.
adjoil ling Eastern Staf Oil Co. A
bond has been given by the Thirty
three and the Imperial companies
to de ed their $40 acres, section 80,
2S-2S tothe syndicate upon the pay
ment. OF SIS, 900. 200. This price is at
the ate of S7Sl2 an acre, equal to
about $500 for the naked land. In
the neighborhood Of $1,000 0 has
beer spent by the companies in the
way of improvements. which in
clu(les some thirty wells.
"fAe Whittier and Kern River oil
Co. vas organized last August. -
To-day the stockholders have been
diyidi ng a total of $500. 900, which
is at he rate of 81 per share. Itcost
about. three cents per share.
The company still has land enough
left u make each share worth 81"
LOIS Angeles Evening Express.
Loss Angeles Herald. Dec. 2. 1900
The following oil lands are mostly
looat ed In sec. %. where Eastern
Star Oil Co. IS: The Grey Eagle oil
Co. sold 100 acres of their holdings
for sn16. 600: the Kern River Oil Co.
240 acres, for which they received
1899 900: Garfield & Chanslor re-
fused. a short time ago. $1,000 per
acre for q portion of their lands;
the Sacramento Oil Co. $4,000 per
acret and many of the lands are
helel as high, even. as $4,000 per
acreL The Reed oil Co. sold its
hol, Iings for 81 1900 goo. and Jewett
& I~slodgett sold 400 acres with a
few wells for $550,000.
NJ. Y. Journal. Feb. 10, %1901-John
A. Bunting OF Los Angeles foreelos-
ed a mortgage on some property
that he took as security for a debt
of $4,000. The same land Is worth
up in the MILLIONS today by vir-
tue of It's richness In oil.
E.LAN *
F1INGTON, DC.
IS.
MONTREAL.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
Special to the Register.

PTTTSBURG. Pa. March 9-In the
Keener sand development near GraysvIle,
Monroe county. Ohio. the Fisher OH Com
pany has completed its No. 2 on the j.
NJ. Smith farm and has a SHOW Tor a light
pumper. Samuel Galley e. Co. hive drilled
in their test on the Daugherty heirs farm
n have a show for a 20 barres producer
from the Keener sand. The atarne com
parry has drilled in its No. s or the Mar
garet Penn farm and has a show for 40
barrel producer. Near Coles, Belmont
county. the Fisher Oil Company has COM
pleted A test well on the Rem snSchnider
farm and has a buster in all sa-3ds. Kane
e. Co. have comuleted their tes yell on
the ]. W. Reynard farm, located near
Bloomfield. Washington counry. and have
a duster in the Big Injun sand.
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10

CADfZ. Ohio. March 9.-Tn the Bowers
ton oil field, In Monroe towns aip. Frank
Martin has completed well No. IS on the
Hathaway place. and it Is a good one.
The same parties are drilling in Fisher
No. y which IL reported good Fetfer e.
Brown are drilling No. . IN the Clark
farm.
Davis. Johnson & Co. have a well good
for ten to fifteen barrels on the Perry
STEPHENS farm.
The Conversion field Is producing nearly
two thousand barrels a day.
I In the vicinity Of Rumley Crossing four
new wells have been completed
| No. 4 McAfee Is a producer Nos. ]. 2
and 3 on this farm are strong gas wells.
] Well No. s on the g. u. Cole farm Is \
light producer. II e about on s-eighth Of
a mile south Of a I-barr-l producer. The
No 2 Durton is a good one. perhaps the
best in that section. Wells will 70 down
at once on the Kentner and Cole farms,
which corner near the button gushsr.
Special TO the Register.
PARKERSBURG, W Va, March A.
The well drilled on the r. II Lowers
farm N Lee Creek. this co snty. eight
! miles below town. by the Roth. OH Co, Is
n the Berea sand and IL a dus ter.
AThe South Penn Oil Co. got Il good gas
yesterday near IaIlyho. on the J.
pwn farm: II Wa - ~ 1Serea and
gas viii be ues1 3 IL company
veil which Q44z t<1<Iey faxe
drilling on the - 49, <En9. q
XW EW
Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-03-10
The Bank Statement.

NEW YORK. March ..