The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-05-29
GovERSMESTs-Firm
RAILROAD BoNDs-Firn.
STATE BOSDs-Ouiet.

STATE BoSDs-Quiet.
SToCKs-Thc Stock Exchange to-day
was the scene OF great excitement and a
further heavy decliRe in values, attended
by an enormous business and pressure to
sell was very great, and at intervals the
market was on the verge o! a panic.
Stock opened depressed and prices de-
clined rapidly. Lake Shore led the mar
kct on the downward turn, dropping from
62 to 69s under heavy pressure OF sales.
New York Central and Rock Island fol-
lowed, the former declining from l02 to
100, and the latter from 1927 TO 1901.
Western Union broke to 72:, decline
Of II per cent as compared with the clos
ING quotations on Thursday. Erie declin-
ed from lS3 to Ia; Northwestern from
3S5 to 80; st. Paul from 32t to 81; Union
Pacific from 743 to 78si Michigan Cen
tral from Ga to SO, and Atlantic and Pa
cifc telegraph from 22l to ~, Panama
opened at l26, against l2S at the close
yesterday, but later sold at l29. After
midday steadier tone set in and prices
recovered +! to / per cent. Pacific Mail
was exceptionally firm, ranging from 33
to SAT Erie was made very scarce and
loaned as high as 3-32 per cent for a
rise. At the final close the stock market
was strong for Pacific Mail weak for
Erie and otherwise steady. Lake Shore
after declining from 62 to 80 closed at
61. Pacific Mail declined to 80, and
closed at BAL. Panama ranged between
l26 and l29, and left of at 1881 New
York Central dropped from l02 to 100
and closed at l0li. Rock Island declined
from 1929 to 1904, with last sales at 1927
Union Pacific fell of from 743 to 73!,
and recovered to 74s. Erie declined from
ls3 10 l7!,s closing at III. The stock
was weak after the squeeze of the day
was over Northwestern after declining
to 3S, rallied to 3sI. st. Paul common
dropped from 32i to 81, and closed AT
323. Ohio and Mississippi fell of from
~ to 2ly, with last sales at 22l Mich
igan Central declined from 64 to SO.
Pittsburgh sold ut 81! against 30 yester-
day The Erie movement gathered
fresh interest to-day, from the fact that
an attempt to exact a sum,from the rise of
shares, both here and at JLondon. In our
market borrowers paid l-l6iGf per cent
at one time, but finally the per cent paid
for carrying at London cost pence to 8
pence for rise, but the latest cable
quotation was fiat. About $1,000 shares
of Western Union, Erie and Northwest
ern were sold out under the rule to-day,
for the account Of f. Wa-hburn d Co,
and for S. \. Solomon 3.lOO shares Of
Lake Shore. The suspension Of the above
firms was caused by losses on privileges,
which they had sold and were not able TO
honor. The .hort interest has greatly in
creased in the last few days The long
war between the trunk line, which re-
Gently culminatel by placing Erie in the
hand. of a receiver, has done much 10
undermine public confidence in the value
of railroad stocks. Among the sales on
the Stock Exchange today were $1,000
shares OF Pacific Mail, $4,000 Western
Union. 1000 Northwestern, ZOO Rock
Island, 1000 st. Paul, $1,000 Erie, $4,000
Lake Shore, ll,OO0 New York Central
5000 Ohios, and 5000 Union Pacific.