Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-10-11

RAILRoAD BoSDs-Active aud buoy
ant, with a further advance of AtG.5 per
cent, the latter in Texas Pacigc land
grants, which sold up 10 50. Erie con.
soils second sold up 20 So, funded fives
to So. ST. Louis and Iron Mountain sec.
ond to 9S, do. first incomes 10 so, Kan
sas and Texas consols assenied % SOL,
do. seconds 10 81 and Great Western
extra coupons 20 Ss. Iehigh and
Wilkesbarre income advanced per
cent.
STATE BoNDs-Higher for Louisiana
sevens, consols and Virginia skies.
STOCKS - The market was buoy
ant in the early dealings and
prices advanced !@Ii per cent, the
latter for c. {. {. 4 l., the coal stocks
and Erie being also very prominent in
the improvement. During the afternoon
there was reaction OF iG92I per cent,
Michigan Central leading the decline.
Toward the close recovery OF lGli
per cent, the coal shares and Erie cN.
hibting marked buoyancy. The rise
in coal stocks was based on AN improved
demand for coal, caused by the revival
OF the iron industry throughout the
country, which resulted in an advance
in prices, and which. it is reported, will
be shortly followed by another advance.
The decline in Michigan Central was
due 10 the announcement OF an ac-
cident on that road near
Jackson, Michigan. The dividend OF the
Panama company has been raised To l6
per cent. per annum. There were sales
OF Erie on the streets az the close OF the
Exchange, at I2l. In the last hour
Granger shares were active and iiriner,
and Southwestern stocks were all bet
ter. There is strong talk Of higher prices
for Northwestern common and 1t.
Paul on the enormous business OF the
lines. The Pennsylvania Coal Company
to day issued a private circular Ia their
contractors, advancing the price OF coal
~ cents per ton. Ii is reported that
the usual monthly suction OF Scranton
coal by the Delaware, lackawanna and
Western Company will be omitted this
month. 4 Philadelphia dispatch
saws President Gowan has not heard
from Packer and the agreement for the
coul combinalious therefore expires by
limitation Ia day. The true story OF the
compact seems To be that an agreement
was made by all parties in interest, but
the greatly increased demand for coal
and lhe consequent advance in price,
rendered the combination OF secondary
importance. The president OF proml-
nent coal company is credited with the
statement that on an average OF S per
ton his company would be in a position
10 pay per cent. on the capital stock.
For the first week in October the North
western earnings increase $4,000, ".
Paul $1,000, and Union Pacific
$4,000. Tumbridgc K Co., the
last OF the Wall street bucket
shops, suspended. The transactions
to-day were the largest yet recoreed,
aggregating $4,000 shares, OF which
l5s,000 were Erie, 1900 Lake Shore,
10000 Northwestern, 5000 50. Paul,
5000 Wabash, 5000 Lackawanna, 49,
600 New Jersey Central, 1900 Della
ware and Hudson, 5000 Morris and
Essex, 5000 Michigan Central, 1900
Union Pacific, 1000 C., c., &. x l.,
1000 Hannibal and st. Joseph. 2l 900
Ohio and Missississippi, 1000 Western
Union, 1000 Pacific Mail, 1900 Kansas
City and Northern, 1900 Kansas and
Texas, j, 600 Iron Mountain, 10, 600 Chesa-
peake and Ohio $4,000 Indiana, Cincin-
natl and Lafayette, 1900 Louisville and
Nashville, 1000 American District Tele-
graph, which rose TO 73i, 5000 81. Louis
and San Francisco, and 5000 g. q. Il
C.