The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-05-22
GovERNMEN1S-FIrm.
RAILROAD BoNps-Strong
STATE BoSps-Steady.

STATE BoNDs-Stesdy.
STocKs-Shsre speculation opened
buoyant, with q continued upward move
ment in western shares. Northwestern
advanced from 2Sf to 24t for common,
and from 49A to sol for preferred, and
St. Paul preferred from SGT 10 81 com
mon sold at 20, and Rock Island At 959
95s. The rest of the list dragged along
SLOWLY. however. and instead OF psrtici-
mating in the firmness Of the western
shares, sagged of. New York Central
declined from cat to 5Si, Lake
Shore from $50 to 52s, Mich.
igan Central from 454@4o TO
"A, and " estern Union f rom 63 TO 623
Coal stocks were severely handled, Lack
swsnna and Western dropping from 42i
To AIS, the lowest price yet touched,
while Delaware and Hudson fell II per
cent to 37i, and Morris and Essex / per
cent to 6S. This decline occssioned n
check TO the advance in western shares
and prices fell back / 10 1t per cent.
Toward midday the scene changed again
and strong buying moyemest carried
Rock Island up TO 9jS, Northwestern
common to 24s, preferred TO 5Os and st
Paul preferred to 5li. TIE rest of the
list recovered from the early decline, but
displayed no particular activity. In
the afternoon the general list WAS
| weaker, but was somewhat better
at the close. Delaware, Lsckawsn-
ma and Western advanced 10 "A snd
reacted to 42I Delaware and Hudson
advanced 70 500 and reacted 10 $50
Morris and Essex rose 70 20 and closed
at 60. New York Central fell of to 93i
and rallied to 93!. Lake Shore Iell of To
22f. Northwestern common recovered
from % TO 22i, and pre- erred from 49, To
sol. ST. Paul common declined 10 494
and preferred to so, but the last named
recovered to 50t. Rock Island fell of
to 94s and closed at 9Is. Western Union
declined to 62s and Pacific Mail reacted
to 22s. Michigan Central dropped TO
| 43 aud recovered 10 43i. The advance
in western shares in early dealings WAS
based on the belief that the
crops are looking better, while the
| irmness of the trunk lines WAS due 10
report that pooling arrangement had
been perfected. The weakness OF the
| coal stocks WAS due to rumOrs about the
ANS wer OF President Gowsn 10 the propO-
| sition of the coal conference, enc report
stating that his answer WAS untavorable
and another that 1t was conditional. The
suddenness with which the general mar
ket lost its buoy ancy attracted conslders'
BILE attention. The depression in Goa
stocks may have had something 10 do
with it, a. did probably the disposition
among the traders in the room 10 accept
| the profits OF the rise. The transac
tlons on the Stock Exchange aggregated
! 246 600 shsres, Of which 7, 100 were PscI.
tic Mail, 10000 Western Union, = 40
North western, "a, 500 Rock Island, $50 q
st. Paul, 24,70O Lake Shore, 200 New
| York Central, 1900 Michigan Central,
| $500 Delaware and Hudson, q 200 Nor
ris and Essex, l,2O0 St. Joseph and 3d.
0O0 Delaware, Lackawsnna and Wet
! ern.
The activity in Pacific Mail is proba-
| bly, owing 10 movement 10 Dust the
present management.
AT the coal meeting to-day, all the
companies were represented and every
ore present voted to suspend miniag
from June 18th to July 18th, with the
exception of Mr. Hoyt, Of Pennsy lvanla,
who did not object to the srrar ssm"r I,
but deemed to vote tor it, Reading was
represented by Mr.. KeIm, who voted for
the resolution, subject to the approval OF
President Gowan.