The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-03-24
NEW YORK.
uScLE sA,tuY's FouR MILLIONS.

Ngw YoRR, March PA dispatch from
Albany says: "ATr. Samuel ]. Tilden ha
just made an important financial move
Inent. He has quietly sold out all his In
terest In the Elevated Railroad, MAXIM
some S9,0OO,000 to 100000, and Ii
connection with Moses Taylor, has placed
In Albany iorthe use OF the Albany Lobbl
$3.50, 900 for the purpose ot passing o bll
authorizing the towing Of canal.boats b.
steam In the canals The scheme Is Il
place o narrow guage railroad along thl
Bernie banks OF the canal TO connect witt
the West Shore Railroad, which he ha!
gobbled up, and make "a direct line to New
York by the west bank Of the Hudson
Governor Robinson, II Is understood, viii
sign the bill. Tilden's connection with
the Elevated Roads has been q very profit
able transaction from the first,
RUMoREnsALE OF TIE WORLD.
For some time past rumors have beer
current in newspaper circles about IN i'm
pending change in the propretorship o.
the World. II Is now said that negotia,
tons which have been going on fol
months between the present stockholders
and Mr.. G. W. Chitds, OF Philadelphia
proprietor Of tho Ledger, have at last been
closed, and that the paper will change
hands about May lst. Mr.. Childs, it Is
further rumored, has intimated his inten'
ton Of making sweeping changes In the
management and policy Of the paper,
which will, in all probability, be run as a
Republican organ, supporting Gen. Grant
for third term. It Is also understood to
be q part Of the programme that the pa,
per be changed from eight to four pages,
and the price reduced to two cents.
ArRRRIBLR PIcruRr.
John Swinton, formerly editor Of the
minor topics Of the Times, is the great gun
OF the Communists in this city, and al
their tombola the other night made some
startling statements. He said that three.
tourths OF our population arp sunk in
squalor; ;that wretchessquander the wealth
seized from the grimy masses; that in.
dustry and business arc in chronic agony;
that religion is the mask Of wrong, and
that there are signs Of the approach oi
some dreadful catastrophe. These be
grave words, my masters; but Swinton
may be a prophet, unhonored in bis day
and generation.
.U WALL STREET.
The feature Of the week in Wall street
has been the elimination OF a strong and
concerted movement by the cliques in the
leading speCulatives on the large short In
terest outstanding. After those bears OF
the minor order were forced to cover, the
active support created by their demands
being withdrawn, there was a general de-
cline Of from ! to 4 per cent in prices
through the list. The Northwest stocks
continued prominent. The common ad-
vanced to5 5SE ,deCllnIngaiterward to SIT. st.
Paul sold at 39sa373, and preferred at S3Ea
Sli. Rock Island declined from 1888 to 100.
Efforts have been made by the bear com.
bination to Gepress the prices Of the list on
the prospects Of a general disturbance in
the money market from the largo pay
ments to meet the four per cent loan, with
the probable further reduction OF the
small excess OF the lawful reserve held by
the banks. Tho decline In the Govern.
ment bond market more particularly in
the fours, which fell 10 9S4 for registered.
and 00l for coupons and the general sus.
pension Of the banks Of New Orleans con.
trihuted to unsettle confidence among the
holders Of stocks, and some large blocks
have been sold out with the ecxpectRtiou Of
purchasing at lower figures.