The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-04-12

Fivs-twenties, uS65)new...
Fiye-twenties, Qs6)
Five-twenties, Qseo) iiYI1
New in1i2
New -one-halts.....".............. iviZ
Ten ''''''itaI2
Ten-Forty Coupons.... ''''.'''',.iiSIs
Currency Sixes......-.... ....'..''-.'..'''' h'ho
RAILROAD BoNps-Irregular.
STATE BoNDs-Steady.
SToCKs-The day has been one OF
great excitement and depression on the
Stock Exchange, and in early dealings
the weakness in Northwestern ard Rock
Island which formed so prominent
feature yesterday, showed itself, ana
q steady stream of stock was pour
ed out on the market. There seemed
TO be some mystery surrounding the
movement in these stocks, and rumors
few thick and last only to preclpitate
the decline which had set in. North
western went ,umbling on down, CON-
mencing at u and Stopping only ut lo3.
The anxiety of brokers to sell was SO
great for time and orders for stocks so
limited that the price WAS carried down
by rapid strides, and in several instances
there was difference OF l(d2 per
cent between succeeding sales. North
western preferred wavered Tor time
between 46A and Az, but subsequently
gave way and declined to AZ. Rock
Island sympathized closely with North
western and declined from 95s to 923.
At the lowest point for the shares
the most intense excitement pre-
vailed and every one was eager for the
denouement, which soon came, in the
suspension of Messrs. Ii. Kennedy Il Co.,
for many Years prominent as brokers. tor
Mr.. John +. Tracy and other
leading operators in Northwestern and
Rock Island. The reason assigned by
the firm for their failure was
the fact that some of their weslty GUS
trmers did not respond In time with the
necessary margins. The house has al
ways been remarked rs wealthy, and has
participated actively in dealings on the
Stock Exchange. They will no doubt be
able to pay in iull and resume shortly II
their customers pay up. After the fail
IRE was known everybody appeared to
be relieved. and there was recovery
to 2ly in Northwestern common, To 40
in preferred, and to 934 in Rock Island
Subsequently the market became un.
settled AGAIN, when Northwestern COM
nor dropped back to ISL, preferred 10
AZ and Rock Island TO 924 The general
hst was seriously affected by the depres-
sion in Northwestern and Rock Island,
and there was u decline, ranging from
! TO 4 per cent The greatest lsil was in
Morris and Essex. which broke from sol
to S6l, rallied TO ut and reacted to 763.
TIE other coal stocks were all weak
and llwer, Delaware, Lackawanna
and Western declining from 56s 10 sag,
ard Delaware and Hudson Canal from
Al 70 4ja. Michigan Central suffered
severely ard fell from Al TO 3S!. New
York central fell off from !24 to 81 and
recorded to 81. Lake Shore tell of from
Az TO 46I. Illinois Central rose from
Al to 47s and declined to 46l. The st.
Paul shares went oil from l54 to l4I for
The common. and from 45s to 4is for
preferred. Western Union fell from 57s
TO 565 and recovered TO 81, Pacific Mail
fell from 1T To l5s and recovered
to Ii. Panama fell to SO, and Chicago
Burlington and Quincy SO bid. The ex-
~
Northwestern and Rock Island had
hardly died out before there was fresh |
spasIu OF depression, tie last time in coal
stocks 1t was freely reported on Ex-
change that the Delaware and F"dson |
Canal Company had made Application to
the court for receiver. This started u
panic i'll the coal stocks, and there was q |
great pressure to sell, under which prices
declined from 6 TO IL! per cent. from
the highest point. Delaware and Hud-
son Canal sold down to SO, against
Ala early in the day. Delaware, Lacks-
wanna and Western dropped to so
against 56A at the opening. These two
stocks were poured oct like water for
time and the excitement was tremendous.
Morris Al d Essex closed at y against
sol at the opening. Just previous to
the close Of business the officers OF the
Delaware and Hudson company pro.
nOunced the report about receiver to
be an unmitIgsted ialsehood. When
tins was known Delaware and Hudson
Jumped from sc to IL and Delaware,
Lsckawanns and Western rose from 90 to
Oh. The decline in coal stock caused re-
newed depression in the whole list, and
at the close prices were only fraction
above the lowest figures IF the day for
the general list. Northwestern common
declined TO lS!; preferred to AIT: Rock
Island to 9ll, closing at 9l3; st. Paul
common fell to l33 and preferred to 43i;
Michigan Central tell to 81 and closed AT
81. Illinois Central touched 46 and
Union Pacific IS. &. Z. &. Il /. fell OF
from 23 to -, and Atlantic and Pacific
Telegraph from % to 2l3. The trausac-
tions were $4,000 shares, Of which 5000
PsciG Mail, SO 000Western Union, Geo
Northwestern, $4,000 Rock Island, 10000
St. Paul, "a 600 Lake Shore, 5000 New
York Central, $1,000 Michigan Central,
5000 Delaware, Lackswanna and West
err, ard 26O00 Delaware and Hudson
Canal.
Western Union.- j6la L. e. &. Il l..-... 20
QuicksilNer....-Ii3 y. j. Ceutral...-. So
do. pref.............ll2 Rock lslahd....-.. 9l14
Pacific Mail........ To- ~, Paul.......-- la34 |
Maripos.l ............ 81. Paul preier'd.. 4S15
do. pref ........... Il. Toledots w abash
Adams Express. 9S Fort Wayne........ SO |
Wells, FargoSCO ST. ferre Haute... ...
Amer. Uni0n...... "a L. II preierrei... ~
United States Al Chicago dAlton. 80
n. Y. Ceptral...... 81 {. i A. prefer u .lO5h |
Erie 75s Ohio& Mississippi so |
Erie preterrod..- Il d. L LackaEana. 5l14 |
Harlem. ........lSS A.SP. Telegraph 2lA |
Harlem pre;er'd lS5 Missouri Pacihcl0lh |
Michigan Cent?, S7l4 lndianaCentrl..
Panama ......-..... - II. s 81. JOE. 10
onion Pacific. 81 h. q q ..,............. IS
Lake SAore....-.. iGjs Z. Pacific bonds. los