Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-10-28

Y. y, AlN'A
New Four-and one halls .........lO.
New fours ....
Currency .........l2lts
RAILROAD BoSDS-Active and strong.
The following weIe the changes compar-
ed with the last previous sales: An al
vance OF per cent in Kansas AMI
Texas firsts, consolidated assented; !,
per cent. in Chesapeake and Ohio iirsts,
series Il, Alton and Terre laute income
and Iron Mountain seconds, preferred
income | per cent. in Chesapeake and
Ohio currency is, Wabash seconds, eN-
ira coupon, and Great Western seconds,
extra coupon. ~. Louis and San Fran
cisco seconds, class B, rose from ~ Ia
81 do, class &, from 5S Ia 90.
STATE BoNDs-The feature WAS the
sale of S. 900 Virginia consolidated It's at
63i, against - at the last previous trans
action, September 9TH. Other issues
were generally finn.
SroCKs-The business at the Stock
Exchange to-day WAS on AN enor-
nous scale, the speculative rage
which is the present sensation
was not at all abated this morning, but
on the contrary made Its appearance IN
the market with renewed vigor As
suranccs Of "A speedy return to easy rates
in the loan market on account OF the
large disbursements, both on the part OF
the Government and private corpora
tions, was quite sufficient To sound
again the tocsin oi rising speculation and
bring u multitude oi orlers from both
town and country. The market opened in
Al. Ia. a mn I'll
with very buoyant feeling and sharp
upward turn, the first traRSactions be-
ing made at an advance OF from ! to
per cent. the stocks OF the Southwestern
combination leading oil, closely followed
by the Vanderbilt shares and coal
stocks. As the day advanced the up
ward movement continued, both invest.
mcnt and speculative shares partici-
pating in the Improvement, which
ranged from 10 q. per cent New
York rose from 1859, the price at the
close Saturday, Ia l.B. Rock Island
sold up to l.iSl, Harlem To l.6j, Chica-
20, Burlington and Quincy Ia l.22,
Lake Shore to l.0l. Wabash 10 ~
l.ackawanna to 10, New Jersey Ia
sol. Delaware and Hudson
to 81, Michigan Central to 93, Hanni-
bal and IT. Joseph Ia -, Western Union
10 lO4I, Pacific Mail 10 20, Kansas City
and Northern Ia ~, Louisville and
Nashville to 75!, and Iron Mountain to
81. After midday money became some
what more stringent aud reports were
circulated that Vanderbilt would not be-
identified with the Erie management,
4 Al. l.. "A -. "a
cations, all OF which had an unldvorablr
influence on the market. A general
selling movement followed and prices
declined To 3. per cent. Erie led the
decline and the weakness in this stock
had more or less influence on the entire
list. When il was ascertained that ifany
measure IL adopted by the bankst 30 check
the certifcation no hostile action was
contemplated toward the stock exchange,
prices Immediately rallied and the mar
ket became buoyant and excited, with n
rise of ! to 5 per cent, Delaware, Lack
awanna and Western showing the great
est improvement All the coal shares
were conspicuous in the advance. Lake
Shore reached the highest point
since 1873. Pacific Mail was not favor
ably firm throughout, and il IN reported
that the bulls will soon put the stock
above 30. Erie aud Southwestern stocks
were also prominent IN the improve
ments. Toward the close there was
slight reaction, but the final sales were
at generally firm prices. The sugges-
ton 10 the bank presidents to check
ccrtifcations ~ simply a proposal to
have a sort Of clearing house, and that
each bank clear one or more stocks, IL
being believed that this would save
much trouble and expense 10 all parties
in interest.
The transactions aggregated $4,000
shares, of which ljJ, 900 were Erie, 90
600 Lake Shore, 1900 Wabash, 1000
Northwestern, 1900 ~. Paul, 28,OJO
Delaware, Iackawanna, and Western,
1900 New Jersey Central, 1900 Del
aware < Hudson, II 900 Michigan Cen
tral, 5000 Union Pacific, 5000 &. &.
K /. C., 1900 Hannibal and 81 Joseph,
1900 Western Union, 1900 Pacific
Mail, q, 600 ~. Louis, Kansas City and
Northern, 1900 Kansas and Texas,
1000 Louisville and Nashville, 5000
Iron Mountain, 1900 Mobile and Ohio,
1000 Chesapeake and Ohio, u, 800 Nash
vile, Chattanooga and 81. Louis, 1000
II. Louis & San Francisco. 1000 New
York Central, 1000 Northern Pacific
and 400 indianapolis, Cincinnati and
LAFAYETTE.