The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-10-27


afternoon dealings. The largest business
was in Union Pacific land grants. which
sold at IS, and Union Pacific sinking funds
advanced to 50. Chicago L Northwestern
consolidated coupon gold bonds are firm at
$50, Milwaukee 4 st. Paul LA Crosse Di.
vision sold at o., Michigan Southern sec.
onds at lO3lI, Chicago, Burlington L
Quincy Fights at ll5h, Cleveland 4 Pitts.
burgh consolidated sinking funds at los,
Rock Island sevens at l0sX, and Ohio 4
Mississippi seconds at &c,
STOCEs-Opened quiet, and in the gener'
al list there was a decline Of = to y per
cent. Missouri Pacific, however, declined
from lOI. to So; rallied to 10, and still
later reacted to 9Is. Western Union fell
off from ~ to 7GN; Union Pacific from
e. to coz Michigan Central from OK to
81; Lake Shore from COS to 60; Northwest
ern from IS to 371s; Erie from ~ to 1873,
and Hannibal & st. Joseph from q u to
2O4. Pacific Mail advanced from 4Oh to
Az, and reacted to 4OX. Toward one
o'clock an improved tone set in, and at the
second call prices in some instances made
a partial recovery. Illinois Central adj
vanced to 9IH, During the last hour Of
business stocks were firm aud prices high
er in the general list. Michigan Central
made the greatest advance, rising from 81
to 621S, with closing rates at GiH. Lake
Shore advanced to GOss; Pacific Mail to II;
Western UniOnto 77Js; Erie to TX; North.
western to SIX; Union Pacific to G6Is; Han.
nibaI & st. Joseph to q and Cleveland,
Columbus d Indiana Central to AZ. In the
final sales there were reaction Of an 4 to
X per cent. Missouri Pacific closed at
81. The two extremes Of the day having
been lO}. and sN. Illinois Central sold at
94a24JI. The Commercial says we learn
that arrangements are on foot to settle the
past due interest on the Columbus, Chicago
L Indiana Central first mortgage, on which
default was made by the lessee 10 the Penn.
sylvania Central companylas April. There
Is, we believe, a fair prospect Of some sort
Of an early settlement. A meeting Of the
stockholders Of the Missouri Pacific Rail
Road company was held to-day to receive
the report Of the committee appointed to
confer with the President and directors Of
the Atlantic l. Pacific company committee
made report showing that during the three
years and three mouths in which the road
has been leased to the Atlantic & Pacific
company the met earnings have been H..
009, 275, and disbursements for interest on
the funded debt, rentals and dividends mot
including the quarterly dividend last deClar
ed) have been $4739S7, showing deficit Of
STATE on the obligations contemplated
by It's lease, besides some 500, 900 taxes due
and not provided for. Tho committee
says: We would suggest that II the stock.
holders would come forward and take the
$l,S5i, 900 third mortgage bonds at 70 per
cent then the floating debt could be re
lieved, and by the stockholders foregoing
their rental for few years we have no
doubt that with proper management the fu.
ture growing business on the road will In
time make their stock OF value, otherwise
the third mortgage bOndhOlders, most Of
whom are floating debt contractors, may
ask for their rights, and in that case take
the property. In any event we would re.
commend that il the leases Of several
branches, excepting, perhaps, the Carondo.
let, cannot be Cancelled, that they be SO
modified MS not to prove loss to the CON.
pany in operating them. The transactions
on the Stock Exchange aggregated $4,000
shares, of which 1900 were Pacific Mail,
$4,000 Western Union, $500 Northwestern
common, 1900 81. Paul common, 5000
Erie, $1,000 Lake Shore, 5000 Union Pa.