The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-10-01

NEW YoRE, September 80.-MoSEY-strin
gent at 6a7X per cent Prime mercantile
paper 6a6 per cent Sterling exchange Arm
or ct 4s2; sight exchange on Eer York ASK
Produce exports for the week, e, L2T,000.
There was sudden and sharp Stringency II
tho money market this afternoon when cal
loans advanced to per cent and 0 commits
sion OF l-S9 per cent per dlum, the lmme
diAte cause having been the preparations fol
disbursements OF the October Interest, which
begin tomorrow.
GOVERNMENT Weak and lower.
United States O. Of 1851, eoupOns
~
noN fouf and halls
neN
currency
RAILROAD BoHnS-Genelally firm, with the
largest Transaction In Erie seconds, Al S0a
I8N the latter the closing price. The next
largest transactions were In Missouri, Kansas
and Texas seconds, which rose ~ per
cent TO &S. The other changes were an i'd
vance Of az per cent In Alton and Terre
Haute seconds preferred and per cent In
Alton and Terra HAute income.
SrocEs-The market opened strong for Erie,
Ohio, Pacific Mai, Missouri, Kansas and Texas,
Lake Shore, Michigan Central and the Gran.
gers, and q little heavy for Coal stocks. In the
s-sFAl hAAQ k1AG40 wa u AlAlklguAk UNEllTb MI
the fAyorites, but OF the call the whole list
moved upward, the grangefs and coal shares
leading and the tone wSS strong for the re-
mainder OF the morning. The best figures Of
the year were recorded for Lake Shore, Erie,
the Coal shares and grsngeS before eleven
O'Clock. The speculation continued strong
until late IN the atternoon, when, under the
influence Of the stringent money market, pri-
ces fell of, and the final deAlfngs were weak
Of adecline OF Kal y from the highest point Of
the day. Panama sold Of 40, an advance OF
10 per cent. Erie was as usual OF late the
active stock on the list.
The Graphic says that In explanation Of
marked advance In the price Of Pacific Mail
shares, one OF the directors Of the company
to-day stated that the company Is and has
been for some time realizing large profits and
& rapidly paying of It's back obligations 70
the Panama Railroad. II will pay of to-
morrowa further sum Of 500, 900 Of this In
debtedness, and the money for this purpose 4
now in the bank. Every steamer out g fully
loaded with freight, and the incoming steam
ers from Asplnwall are continually COM
PEELED to leave much freight behind. The net
earnings OF the company OF this time are at the
rate OF so, 600 per month, and Il Is stated that
BY the beginning Of the next yeai the entire
bonded Indebtedness will have been reduced
70 100000. II this information, which
comes officially, be correct, there Is certainly
good reason TO justify the confident expecta-
ton OF leading shareholders that the COM
pany will at an early day take place among
the dividend paying corporations thor
ough reorganization Of the details Of the man.
aeement OF the company'S Affairs at San Fran.
CISCO has been ordered by the Board OF Direc-
tots, including q reduction Of all salaries by
Allk AFta ~
leaves Immediately to perfect the reorRaniEa-
ton and To institute economies which viii re-
duce the expenses at that end OF the route
and conform with those already introduced
here,
Tho books Of the Hannibal and st. Joe Rail.
road Company were closed yesterday for the
annual election. The transfers made on The
eve Of closing are Of great importance as fore
shadowing the future Of the property. All
doubts OF Gould's either controlling, or NJ
least becoming IN important factor In ia
management, were set ak rest by the transfer
into his and his brokers' names Of an immense
quantity OF stock. II Is stated upon good
authority TINT $1,000 shares were transferred
into his name. The earnings Of the North.
western for twenty-Ex days OF September show
an increase OF $l92 100.
E. ". Todd i Co., one Of the most promi.
liabilities estimated at over 5000 which
Todd says he will pay In full.
The transactions aggregated All, 600 shares
OF which So 900 were Erie, 81, 900 Lake Shore,
10000 Wabash, $1,000 Northwestern, 50, 900 ST
Paul, 10000 LAckawannS, 16,0 900 New Jersey
Central, 1000 Delaware Hudson, 5000 Mich.
igan Central, 10000 Union Pacific, 1850 @, o.
q, & L, 5000 G. @. & ]. c., 600 Hannibal
and ST Joseph, 1900 Ohio and Mississippi,
$500 Western Union, q, 900 Pacific Nail, 5, iO0
Ct Louis, Kansas City and Northern, 5000
Iron Mountain, 1000 Louisville and Nashville,
1900 Kansas and Texas, 5000 indianapolis,
Cincinnati and lafayette, 1000 Northern
Pacific, $500 st. Louis and San Francisco and
1900 Canada Southern. Kansas and Texas,
under heavy purchases, rose from lsK 10 ak,
s Sae.s reacted psa,s 70 w !, ., ~, -.