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


SILvER-At London 81 l-l6d; bar
silver here ll2i; subsidiary silver coin
I(Gl per cent. discount
GovERNMENTs-luiet.
e. = Coupons
New -Four one halls .......lO,'
New Fours ....' ...'''..''..''' ''.'''.''.io,
Currency ,-l-l
RAILROAD BoSDs-Active and buoy
ant, the general improvement ranging
from / to per cent. There were re-
markably large transactions In Iron
Mountain issues at buoyant figures,
Arkansas branch firsts rising from 81 /
to 99{, firsts preferred incomes from -
to rs; seconds do. from is to 13, and Sec
onds plain from % To 9S. The transac-
tons in Erie new seconds were not So
large rs usual, nor were the fluctuations
as wide.
STATE BoNDs-Active. Louisiana con-
soils advanced | per cent.
SToCKs-Spcculation still continues Ia
be characterized by great activity, and
the prevailing tone of the market to-day
was strength and buoyancy. In the
early dealings, prices rose t@2t per
cent, Erie leading in the improvement,
but about noon, under some realizing
sales, there was reaction Of lola per
cent, the latter ior Erie. During the
afternoon, a strong buying movement
was inauguratcd in coal stocks, Erie,
Pacific Mail and c., C., &. 4 l., under
which the entire market improved, the
advance ranging from i@i per cent,
the latter for C., c., {. 4 ]. Canal
stocks rose i@3l per cent, on the re-
ports that the presidents Of coal COM
panies were in session on the question
OF advancing the price ot coal jOc per
ton, and under purchases by kecnc's
brokers. Near the close there was n re-
newed activity in Pacific Mail, which,
after selling down To By, advanced to
32i. Panama sold up to lS2 against l1O
the last reported sale. The market
closed strong and buoyant at the high
est prices oi the day.
The COnmSrcidi, speaking OF the rc-
newed advance in coal shares, says "lt
is rumored that Mr.. keene il, and has
been for some time, a great believer IN
coal properties, and the rise in the New
York companies, Lackawanna and New
Jersey Central since yesterday morn
ing, is traced to his free purchases.
at ia highly probable that he does be-
lieye that the coal trade should be M
exception To the general revival oi pros
perity in all material interests. Ii u
| said the Delaware and Lackawanna and
Central Jersey managers have como Ia
a mutual understanding To pool their
tonnage and prices. We see no reason
TO doubt further considerable rise IN
both stocks. 1t is idle perhaps 10 talk
Of points" on these or any other class
Of speculativcs, but the coal trade Is
rapidly taking hold Of the popular con.
| iidence, and We should not be supris 'd
at 90 for Delaware and Iackawanna
and 80 for Central Jersey and Delaware
and Hudson. There is no telling
about the swing Of the speculative pen
dulum when it vibratcs from deep de-
preston toexcited buoyancy. The trans
actions aggregated $4,000 shares, Of
which 10000 were Erie, 6,i00 Lake
Shore, 5000 Northwestern, 1900 1t.
Paul, IS, 600 Delaware, l.ackawanna and
Western, 1900 New Jersey Central,
5000 Delaware and Hudson, 1000
Union Pacific, 5000 c., G., G.. ~ l.,
5000 Hannibal and st. Joseph, 1000
Ohio and Mississssippi, 5000 Western
Union, 5000 Pacific Mail, 10000 Kansas
City and Northern, II 900 Kansas and
Texas, $500 Iron Mountain, . 800 Louis
vile and Nashville, 700 Chesapeake
and Ohio and $500 Indiana, Cincinnati
,,,I 1 afat.tt.