The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-05-15
FINANCIAL AND COMMERCIAL.
BY TELEGRAPH.
New York Money aud stocks.

NRw YORK, May l5.-MoNEY-Easy at
2IIaS per cent, Prime mercantile paper IA
~ per cent.
STERLING EXCHANGE-Weak at $4,s6H
a4.s694 for 60 days and SlsONa4.sON for
sight.
GoLD-strongi opening at ll5N, advanc.
Ing to llGE, and clOSngat ll5JS. The rise
was caused by the continued outflow Of gold
and the efforts Of the newly formed bull
clique, Borrowing rates la7 per cent and
l-64Ol.S2 per diem, Loans were also made
fiat The Assistant Treasurer disbured
$ls3,OOO. Clearlngs SSS,OOOOOO. Customs
receipts s2sl 900. Dry goods imports for
the week, s., 100000.
GovRRNMRNTS-Firm,
United States 6s Of 1881, coupons ....,,..".""."lH
FVe-Twentles (lS62) ll61
fiy0-tWenties (lS6tl l",,..,"" ",,,,,U,,'"'""''"ll5
FiVO-twCntles (ls61)
Eive.twentlCl 1859 new w".",""""...,.""".'~ilE2
ktVe'twontles llB6I I,.,.,',,,"",',,,,,.,.' ,-l25A
ieh'I0Illes "''''i ~
neW Flves
currency
STATE BONDs-Quiet.
MiSaouri'
tennessee,
tennessee,
Virginia.
Virginia, ol
North Carolina,
North Carolina, '"'IlH
RAILROAD BONDs-Steady.
pIOUAs-Ihe STOCK Exchange WA thR
scene Of considerable excitement and wide
fluctuations, the natural result Of the break.
Ing off of negotiations Of the Panama and
Pacific Mail Companies. Panama sold
down to 1888, decline of OK per cent, La.
ter there was II recovery to l4lj, Pacific
Mail dropped of to 40, but afterwards raj.
lied to AN, with the closing business at
4OH. Union Pacific was also affected, and
declined to TX against AK at the close
last evening. This decline was stimulated
by the rumOrs from Washington TINT the
Court of Claims had decided against tlrr
company, although the decision would not
probably be made public until Monday
next. Erie opened at 2SN on the advance
at London, but quickly declined to 27A on
the rumorS that the report would be unfa-
vOrable. Toward the close Eric rallied to
FIX, with the final sales at 27sSa27X.
Rock Island declined from l0ih to 1881
on the rumors Of fresh issue Of stock or
bonds for building some new roads. In re.
gard to this matter President Tracy states
that the Directors at their meeting in June
will consider the advisability of building n
branch road to their Washington lands, Il
distance Of about fifty miles. How the
money Is to be raised will be deter.
mined at that meeting. The stock final.
ly rallied to l04NalO4N. Lake Shore
was weak and declined from II to 70,
recovering u per cent At the close At
lantic 4 Pacific Telegraph was firm and nd.
vance1 from PAX to 25N OH the announce.
ment that the contract was to-day signed
with the Panama Railroad, which allows
the Telegraph company to run It's wires on
the poles of the railroad, which will give
line from Philadelphia to St. Louis and
the principal intermediate points. Other
changes less important. The Erie reports
shows decrease In the gross earnings for
nine months, ending March 3lSt, Of $685..
i13 as compared with the preceding nine
months, and decrease Of $365OOO on the
net earnings; same period expenses deCreas.
cd $i,71IlOS. The interest charges have
been increased by the issue Of more bonds
within the same time. With reference to
the coal lands President Jewett snys the
complications created by their purchase
proved unfortunate and embarrassing. II
Is believed, however, that in q short time,
II the necessities Of the company become
such as to require It, they may be disposed
OF at such price and upon such terms as
will 10 q great extent protect the company
In the amount paid out on their account
and under such arrangements as will ell.
able Il to secure nm economical fuel and
large share OF transportation Of coal 10 be
mined thereirom. The transactions al the
Stock Exchange were 100000 SharOs, Of
which $4,000 we're Pacific Mai, 10000 IVES.
tern Union, 5000 Northwestern, 1900,
Rock Island, 900 Erie, $4,000 Lake Shore,
1000 ohios and 1900 Union Pacific.
-. g.,