The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-11-13

about $4,000. There were also Iarge transa
tons In Kansas and Texas, Texas Pacifi
Chesapeake and Ohio firsts, Lake Erie m
Western incomes. The jersey Central issue
81 Louis and San Francisco, second.claS
Burlington and Wabash and er coupon col
Yertlbles advanced Ifa2K per cent. C.C.&
9. frss closed at so, and Sioux City fists
STATE PoSps--Dull,
SrocEs-TO-day was the most Remarkable
one for activity and buoyancy In the hfstor
OF the Stock Exchange. The excitement WI
ut fever neat throughout and in many cas-
not only were the highest prices Of the yea
made, but the highest ever attained, IN
dealings, which were on an enormous scall
we're we'll distributed and taxed severely ID
capacityot the stock telegraph instruments :
report them, and orders poured Ia 80 continu
ouSly from all parts Of the country that III
brokers In many cases experienced consider
able difficulty In executing them. Nearly Ii
entire list participated 10 the activity, an,
many stocks heretofore quiet became proml
nentin the dealings.
The large and increasing traffic OF the rail
roads consequent upon the general revival o
business throughout the country OF course hat
much 10 do with the condition OF affairs 10
day, but In q number OF instances there Eerl
special causes at work to put up this or tha
stock. The greatest rise was Ia Nashville
Chattanooga and ST. Louis, which sold ut
from 69A 70 s., closing at 79N on the STATE.
ment that the President Of the company ha,
quietly bought . controlling interest In the
Western and Atlantic, which runs from Chat,
nnoog9 70 Atlanta, and is regarded as the key
10 the Southern railroad system.
OnA NJ tha pPfbCft,aI Raatt,n. "a AZ. q 4,
was the large transactions in Erie, chiefly In
common stock, which rose * per cent, the
preferred advancing 0 per cent. The onward
movement in these stocks, also In the 6ondS
Is based on the large and increasing traffic oi
the company and the general Improvement In
the condition Of the property. The earninos
for October Were over $200, 900 greater thSn
those OF the same month last year, which wa
one OF tho heaviest months for business In thp
history Of the road. Again, the Erie com.
pany owns . large amount Of G. G. g. I'll
railroad stock, which has recently advanced
greatly IN value aud now represents an asset
OF over 81 10000
The advance in Granger and Coal share,
continued and they rose l to 2H per cent, the
Coal stocks being faYorably affected by The
OF general advance Of 50
cents In the price Of coal, to take effect De.
cember 1st.
Inc Telegraph shares, which have been
inactive for some time, took sudden upward
turn. Western Union rose * and Atlantic
and Facihc Telegraph 81 per cent, with sub
sequent reaction Of 2 and * per cent respec.
lively; The rise was attributed to the enor.
nous business OF the Western Union and its
leased lines, growing ont OF the great actiyity
oil trade in the markets and the greatly in.
creased speculation in stocks and grain,
In the miscellaneous share list the CheSa-
peake and Ohio fiHt, preferred, showed the
most improvement rising So TO 2oX, the prlf
chaseS Of the stock being induced hy tho re-,
port that the company bud contracted 10 az.
tend its southern line from Huntington to
Lexington, Ky, and also for its extension to
Cincinnati, St. Louis, San Francisco, Ohio and
Mississippi, G. C. & !. c., Alton and Terre
haute, Iron Mountain and Mobile and Ohio
were notiecably strong. In the final dealings
a buoyant tone prevailed, and the market
closed at an advance for the day ranging from
l to 10 per CeaL. St. Paul and Sioux CITY
common: closed at i2iS, preferred at 70, Pull.
man Palace Car stock sold up to l0salO9.
against 100 few days aimee. The rise is due
to the reports that the cars OF the company
are to be used by the entire Southwestern sys-
tenn OF roads and by the lines west Of Chicago.
In addition to the influences mentioned
above further impetus wasgiyen the adyano.
ing market by reports that ten million more
boncs would soon DO purchased for the gov:
eminent sinking fund. These reports were
pro9aoiy based upon the fact that for the first
Ten business days OF November customs and
internal revenue receipts haveaggregated over
one million dollars day ct an average, and
tue FecelpS rom customs alone for the FIST
nine days OF November avaraceI about ssSs :
900 day. This will result in a large surnlus
OF revenue for the current month and IL
prospective continuation, which NAV he iook.
ed upon as assured, will enable the seeretary
OF the Treasury to purchase more or the q ner
cent bonds early next month.
In the meantime, however, at the rate
stocks otall speculative descriptions are going
up, It Will not take long to use up the surplus
$1,000, 600 thrown into the market ny recent
paTchaseS. Substantial brokers are recurring
substantial margins, and some lost accounts
cent deposit 20
The Central Pacific paid into the Treasury
today at Washington $40, 900 on account Of
the sinking fund.
In connection with the rise in Nashville,
Chattanooga and st. Louis, thero was rumof
that the rUad will be consolidated with the
Louisville and Nashville. This also had a
tendency to assist the already advancing stock
OF the tirst mentioned road.
The transactions to-day reached the i'm.
mense figure OF 624,0OU shares II which 1874,
900 were Erie, l4,000 Lake Shore, 10000 wa.
bash, 1000 Northwestern, 25,00O St. Paul,
q 900 Lackawanna, 1900 New jersey Cen.
tral, LOCO Delaware and Hudson, 8 900 Mich.
gan Central, 900 Union Pacific, 5, 900 o, q. @,
y l.. 1900 G. Q. \ I. G, 1900 st joseph,
5000 Ohio and Mississippi, 5000 Western
Union. l2 900 Atlantic and Pacific Telerraph.
1900 Pacific Mail, 1900 St, Louis, Kansa.
CITY aud Northern, $4,000 Kansas and Texas,
1900 Troy Mountain. 1900 Louisville and
Nashville, 1900 Northern Pacific, 1900 st
Paul and Sioux City, 10000 indianapolis
Cincinnati and lafayette, q, 600 Chesapeake
and Ohio, 1000 St. Paul and MINNEAPOLIS.
1000 Alton and Terre Haute, 1900 Nashville
Chattanooga and St Louis, 1000 Houston
and Texas, 5000 KAnSasiand Pacific, 5000 St
Louis and San Francisco, 1000 Mobile and
Ohio, 700 Elevated Railway, l6,0 900 New Cen
tral Coal, 5000 Marietta and Cincinnati, 2,9Ot
Illinois Central, : -