The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-08-15

sight exchange on New York "a SSX,
GoVERNAEHTs-Frner.
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RAILROAD BoNDs-Heayy; c. C, & |. C.
thets 49, no sales Of seconds,
srocEs-Speculation to-day was character
iEed by Intense excitement, and during the
INST hour OF business prices declined Xa4II
per cent Toward noon tho market became
somewhat steadler and q recovery Of Na2 per
cent was established, but during the afternoon
the selling movement was AGAIN renewed.
when the entire list rapidly gave a and
prices touched nearly the lowest point Of me
day, the market closing very weak and uu.
settled. The decline. compared with yestcr.
days quotations, was 4 per cent In Lake
Shore, 81 In Northwestern common, 2% In
Lackawanna, * In Morris and Essex and
" stern Union, TX In 81. Paul common, TX
~ st Louis, Kansas City AMI Northern pre-.
ierfed, ~ IN Delaware and Hudson, " In
wabash md Rock Island, and kaH In the
teSt OF the list. AgreatdeaLef long stock was
sold In addition to what was sold for short
accountL
There was only one small failure. and less
than 1900 shares were sold out under NE rrIle.
n a Spectator, for whose account these
were sold, gave notice that he would make his
CONTRACTS good, TLcdearneSs VI money helped
the DECLINE, which was also assisted BY ru.
niOrS that about s 1000 shares Of Lake Shore
were sold quietly for Vanderbllt's account at
from S. to % per cent
The Evening Post says; Strangely enough
orders 70 sell como mostly frOiu saratora
rom which place orders to buy OF last week
also come. II will be interesting 10 hear what
these Sar1tOga spectators have now 10 saw n.
speeding the reported lease Of tile Lake Shore
70 the New York Central. II It shall prove
that the various stories sent from there were
pure Inventions, aud the names OF influential
railroad managers were used without authori!
", then the latter will owe II 10 their reputa.
ttons to vindicate themselves. The general
feeling here Is that the Street has been
ssaln auPed and hat a very large amount OF
The Evening Express saws; AT The opsn.
ing OF the week money was easy to borrowers
Sa4 per cent and reports OF the favorable
lease OF the Lake Shore to the New York Cen.
tIl flew thick and fast and found hosts Of he.
levers. Nearly everybody became a bull and
!arge amollnts Of the leading stocks were
bought tora rise, In many cases OH d slender
margin. Yesterday and to-day money WINS
at ! per cent, and all The reports we're
to the effect that there would be no lease Of
the Lake Shore to the New York Central.
The latter condition Of aiIairs naturally caused
q heavy decline in values, which was acceIer.
ated by the closing. out Of the spectators who
were operating OIL 3a5 yer cent margins. and
some cases even those with 10 per cent
margins.
Transactions aggregated $1,000 shares, Of
which $500 weFo Erie, $1,000 Lake Shore,
5000 Northwestern, 3S,000sL Paul common,
1000 preferred, 500 Wabash, 1900 Lacka.
wanna, $500 New Jersey Central, $500 Dela.
1000 Morris&ESsex 1900 Mich.
Central, 1000 Union Pacific, 900 Ohio &
Mississippi 1900 Hannibal & st. Joseph com.
mon, 1900 preferred. 1900 Western Union,
800 Pacific Mail, 2,60O st. Louis, Kansas City
Z Northern common, 400 preferred, l,l00l
Kansas q Texas, 1880 ST. Louis & San Fran.
cisco, 200 Burlington, Cedar Rapids & North.
and ! 100 Iron Mountain.