Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-09-30

y. :. Coupons tlSsll io5'.
SeN
New fOurs -...''...-'...''' '
Currency
RAILROAD BoNDs-Strong and higher.
The feature OF the market was again
the enormous transactions in Erie Sec
ond new consolidated, which rose J per
cent. 10 sol. The next largest transac-
tions were in Erie second per cents.
funded, which rose j. per cent TO 1Si.
The largest rise was ) per cent. in Jer-
sey Central convertible assented, and
the next per cent. in Alton and
Terra Haute income. The Commercial
says there il no question
that the election for managers
of the property, let who will succeed,
will place the bonds. including the five
per cents, under the same mortgage on
a much higher plane of credit than 80
per cent. c.. c. & |. &. iirsts brought
7SIc.
STATE BoNDs-Dull.
SToCKs-The leading feature on the
Stock Exchange to-day was Erie, which,
amid great excitement and under extra
ordinary transactions, advanced TO 34s
for common and 80 for preferred. In
the earlier dealings very buoyant tone
prevailed and prices advanced t@3l,
Michigan Central leading the upward
movement, with Lake Shore, Granger
and coal stocks also prominent in the
improvement. In the afternoon, under
sales to realize profits, the general list
fell tai, while New Jersey Central fell
of p, Hannibal and 81. Joseph pre-
ferred 3, and st. Paul and Sioux City 1
per cent. In the late dealings the mar.
ket became frmer and there was par
tial recovery. The transactions were
AGA, 900 shares, which is the
largest single days business
since the hours of dealings were changed.
The early rise in Erie was due to the
rise at London. the increased earnings
and the revival of the reports that
Vanderbilt, Gould and Field were buy
ing; that the board of directors would
be reconstructed at the October election;
that +. ID. Morgan would be made
President and that the London trustees
were in sympathy with the programme.
The Graphic says the bulls argue that
Erie is the only trunk line stock that
has not up to now largely advanced.
While Northwestern, 1t. Paul and Lake
Shore have advanced from 30 10 30 per
cent, Erie has remained stationary. II
is now generally believed that Gould
and Sage have bought and continue
buying largely of the stock under an
arrangement with the Erie trustees,
COnnpcIrOI- -Dl INC ,HJuIuncg,ts I" ,-yr,',y,
nation. The recent large purchases oi
Pacific Mail are based on the statements
that the Indebtedness Of the company
is being rapidly reduced, and i,s tinan-
cial condition consequently greatly mn
proved The transactions aggregated
464, 900 shares, of which $4,000 were
Erie, 81 900 Lake Shore, 1000 Wabash,
81, 900 Northwestern, 5000 st Paul,
-, 900 I.ackawanna, 5000 New Jersey
Central, 10000 Delaware and Hudson,
5000, Michigan Central, 10000 Union
Pacific, 1000 c.. c., &. 4 l., 1000 {. {.
Il |. c., 1900 Hannibal and St. Joseph,
$1,000 Ohio and Mississippi, $500 West
ern Union, 5000 Pacific Mail, 400
st. Louis, Kansas City and Northern,
$500 Kansas and Texas, 1000 Louis.
Vile and Nashville, 1900 Iron Noun
tain, 2,4OO Houston and Texas, $500
st. Louis and san Francisco. 1000 In
dianapolis, Cincinnati and Lafayette,
- I nnn N,r,Lnrn Pacific