The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-04-11
FINANCIAL AND COMMERCIAL

New YORK, April l0.-MoSEY-At
3(aA Der cent. Prime mercantile paper
s}(a5 per cent. Customs receipts ISL.
600. The Assistant Treasurer disburssd
$4,000. Clesrings $26.000,oO0. Pro-
duce exports for the week $685., 900.
Sterling arm with active business; long
1861; short 1881.
GoLD-Strong; advanced from 1861 to
to 1851, closed at 1861. Carrying rates
! to q per cent and borrowing fsl 10
Z per cen. for final rate; per cent for
carrying.
SILvER-At London 5Std; here silver
bars 1881 greenbscks; III gold; silver
coin / per cent discount.
GovERNMENTs-Strong and higher,
in sympathy with gold.
United states Is OF 1851, coupons......-.-li3sS
Fiye-twenties, us6 Us.
Fiye-twenties, (lS6o) new
Fiye-tweuties, (lS67)
Ffve-twenties, tlsSs)
New .....---lllss
New Four-and-one-halfs-. --.............-. lO6Js
Ten
len Forty Coupons. ...-..........--illts
Currency Stxes....-.--...... 10y
RAILROAD BoNps-Dull, but generally
, firm. Northwestern consolidated gold
coupons receded to 81
STATE BoNDs-tesdy.
SToCKs-The market was weak At the
opening, but soon became firm, and
prices advanced from to II per cent.
In the afternoon the market WAS ir.
regular, and at the second
call weak. Subsequently the Stock
Exchange was treated to quite q senss.
ton on Northwestern and Rock Island
shares. There was flood of rumors
afloat, among them one to the effect that
Mr.. Tracy was dead or dying, ana
another that Northwestern and Rock
Island had been thrown out as collaterals
by some of the banks, and still another
that one bank in particular had called in
a loan on Rock Island and Northwestern
and that the stocks had had TO be sold.
These rumors started sharp selling
movement, and as there was apparently
no one on hand to sustain the stocks they
went of at lively gate. Northwestern
common broke from Sig TO p,
and for time was offered at
that price. The preferred dropped
from 4SI to 46s, and Rock Island de
clined from 96i to 94s. After while
the different rumors were denied and il
became known the movement Was purely
speculative, as there was nothing in the
condition of either company to warrant
such decline and then there was rally.
Northwestern common sold up 70 2SS,
preferred to As, and Rock Island to 95j.
In The final sales Northwestern common
declined to u, preferred 10 46S, and
Rock Island to Gag. The break finds no
other explanation than that the leading
bears, wishing to force down Western
Union and other stocks took this method
of accomplishing their purpose. In the
general list the decline ranged from I to
| I per cent, the latter tor Chicago, Bur-
lington and Quincy, which Tell of from
1927 to 100! regular, and to 80 seller
50 days. Western Union fell of to 500,
recovered to 574 and closed at SIT.
Michigan Central declined to Al. Pan.
anna sold at 92t and Closed NJ 30 bid.
The decline in Burlington and Quincy
caused revival of the rumOrs about
competition west. The transactions were
10000 shares, OF which $500 Pacific
Mail, 81 600 Western Union. $500 North
western, 1900 Rock Island 6,4O0 st.
Paul, 1900 Lake Shore, e0,o0J New
York Central, 5000 Michigan Central,
$4,000 Delaware, Lsckswsnna and West
ern, and 5000 Delaware and Hudson
Canal.