Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-11-11

New York 4S3.
SILyER-Bar ll6t.
GovERNMENTs-Quiet. except for the
issues of 81, which are I lower than last
Saturday.
New FOur-and-one-halfs ........lO65s
New Fours
RAILROAD BoNDs-Fairly active and
generally higher. The chief feature of
the market was the large business in
Texas Pacific land grant incomes,
which sold from 80 TO 66. Cedar Rapids
and Northern firsts rose to 80, and Lake
Erie and Western incoms to 621. ~.
Paul and Sioux City firsts sold at % and
c., G. & |. C.. seconds at SO.
STATE BoNDs-Dull.
STOCKs-The week opened with great
buoyancy and excitement on the Stock
Exchange, under an easier condition of
the money market and the announce
ment that the Treasury had purchased
s., go, 900 of skies of 1881 at Jog. There
were also special causes at work in favor
of some stocks, which had tendency to
increase the general activity and buoy
ancy. The anthracite coal stocks were
prominent features of the market, and
advanced from TO 81 per cent, New
Jersey Central rising to S62, Delaware,
Lackawanna snd Western TO 90, Della
ware and Hudson to Sls, and Morris
and Essex to l02. The continued up
gard movement in coal shares is due to
the favorable reports in regard TO trade,
which has not been so active and pros
porous for years past. Many OF the
companies are refusing to take orders
ahead at current quotations for coal, and
another advance in prices is looked for
in the early future. The greatest ad-
vance of the day was made in some of
the stock recently admitted to the deal
ings at the Exchange. Among these
Lafayette, Bloomington and Muncle rose
ID per cent, TO SO, but subsequently re-
acted to II. The immediate cause OF
this sharp rise was the announcement
that 81 ,000, 900 of the stock of the road
is to be withdrawn, and I,0O0,000 Of
the new Lake Erie and Western stock is
to be issued and given to the Lafayette,
Bloomington and Mnncie stockholders
for their road and equipment. The st.
Paul and Sioux City stocks rose 5(G5l
per cent, the common to 37l and pre-
ferred to 81, closing at 81 and 65l re-
spectively. This advance was based on
reports that the road had made some
new and important connections, which
would increase the traffic to an extent
that would result in the payment OF a
dividend on preferred shares in the
early part of next year. Lake Erie and
Western rose 6l per cent, TO %,
but closed at "a. The Granger
and trunk line shares were all strong
and higher on the reports of large traffic,
both East and West. Among the other
shares, Nash vile, Chattanooga and st.
Louis advanced TO est, and St. Paul and
general list was from lGD4 per cent, but
Pacific Mail was exceptionally weak and
declined to 36s. There was a general
reaction after the second board, but the
market became buoyant again toward
the close, when it became known that
the Treasury had completed the pur-
chase of $40, ,000,00 OF bonds, and prices
advanced sharply in many instances. The
highest prices of the day were made in
the final dealings as mentioned above.
The Assistant Treasurer this afternoon
purchased the whole of the Sl0,000,00
of 6s OF July, 1881, which he was author
lied by the Secretary of Treasury on
Saturday to do. Up to 3 o'clock he had
paid out about 81, 100000, and the bal
ance will be disbursed tomorrow. The
immediate effect of this was to make the
money market easier, and call loans,
which were l-l6 per cent. at one time
during the afternoon, dropped TO sac
per cent, and money was plenty at these
rates. The round amount OF 81 100000
was offered on United States bonds, for
the remainder of the year, at per cent.
1t is generally believed the Secretary
will soon purchase anther Sl0,0O0,00O,
and keep on until he has filled up the
sinking fund.
The transactions aggregated 3S6 900
shares, of which $1,000 were Erie, 1900
Lake Shore, 1900 Wabash, 10000
Northwestern, 1900 st. Paul, $1,000
Delaware, Lackawanna and Western,
$4,000 New Jersey Central, 1900 Della
ware and Hudson, 5000 Michigan Cen
tral, $500 C.. &. & /. c., 1000 Union
Pacific, 1000 Hannibal and st. Joe,
5000 Ohio and Mississippi, 1000 West
ern Union, 1900 Pacific Mail, 1900
It. Louis, Kansas City and Northern,
900 Kansas and Texas, 600 Iron
Mountain. 5000 Northern Pacific, 5000
Nashville, Chattanooga and st. Louis,
IL 900 st. Louis and San Francisco,
5000 c., c., c. and l., 5000 st. Paul
and Sioux City, 1000 81. Paul and
Minnesota, 1000 Lake Erie and West
ern, and 1000 Lafayette, Bloomington
and Muncie.