Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-11-18


Currency ..........llS
RAILROAD BoNDS-Active, and higher
prices were reached for most OF the issues
dealt in. The strongest business was in
Erie, Chesapeake and Ohio, and Kansas
and Texas. c. c. & |. c. tirsts rose To
80, seconds to 43i and Sioux City lirsts
closed at 96l. Chesapeake and Ohio
issues rose 10 p per cent.
STATE BoNDs-Dull. All the Alabama
State bonds, except classes A, B and &,
have been dropped from the Stock
Exchange at the request OF the
State agent. The various issues
stricken from the list have been funded,
except in Alabama and Chattanooga
land according to an act OF the Legislature.
The stock market was irregular in the
early dealings, but in the main firm and
higher, and especially for {. {. Il !. C.,
Kansas and Texas and Oregon Railroad
and Navigation company, which rose >
10 per cent. Among trunk lines, Lake
Shore was the feature, and sold mp to
l04s on bids OF 81 per cent. for next
dividend. \ grand bear demonstration,
assisted 10y efforts OF leading operators
who had recently marketed stocks, was
made during the afternoon amid furry
and excitement, attendant on a DISPOSE
ton to realize and pressure of long
stock, many blocks being sold out on
stop orders. There was general
decline OF l@4I per cent, the coal
shares and Erie leading the downward
movement. The leader in the attack
was undoubtedly Gould, but others
were not far behind him, and the break
in prices was therefore very rapid. Ii
is understood To he Gould's plan Ia OBJ
tain. if possible large lines OF stocks at
low figures and then 10 60 in for a gen.
eral bull movement, in which his Union
Pacific Is 10 be conspicuous. The screws
were applied to the money market TO
assist the bear movement, and toward the
close a buoyant feeling prevailed and,
under brisk purchases a recovery OF
@2l per cent. cnsucd, with Ere, the
coal shares and some OF the Southwest
ern stocks the most prominent in
the edealings. Missouri Pacific sold up from
II to l9{, reacted to IL and recovered
to Is; Manhattan dropped from Toto 81,
but rallied TO 67l; Sutro Tunnal opened
at ), advanced To 81, declined Ia 81 aud
advanced to dollars per share. This
is the only stock on the list which sells
per share par Sl0) instead Of per cent,
and it is understood that a movement
will be made to have it quoted as are
other stocks. Ii so quoted, the price to-
day would have been opened at 10, all
vanced 10 80 declined 10 - and ad-
vanced TO GG. The recent movement i'm
Chesapeake IL Ohio stocks and bonds is
based on the examination OF the harbors
at Newport, New Yorktown and vicini-
ty for the eastern terminus OF the road
and upon the reports that the ar
rangements are nearly complete for
a Western extension, so as 10 make con
neCtion with Chicago. This will also ac-
count for the advance in indianapolis,
Cincinnati and Lafayette. II IL stated
that the Illinois Central railroad will
show the largest net earnings for the
present year Of any since the panic Of
1873. Notwithstanding the falling of in
business, caused by the yellow fever in
the South, the reduction in expenses
more than cOunteTbalance the decrease.
While the great majority Of brokers and
operators are decidedly bullish and ex-
press the greatest confidence in much
higher prices, there are those who are
inclined TO be somewhat cautious, fear
ing another break before the continual
ton of the "bOom."
The transactions to-day aggregated
81 900 shares, Of which $4,000 were
Erie, 25,OOO Lake Shore, 1000 Wabash,
5000 Northwestern, 1900 ~. Paul,
81 900 Delaware, Lackawanna and
Western, 10000 New Jersey Central,
II 900 Delaware and Hudson, 9,O0G
Reading, 1900 Michigan Central, 5000
Union Pacific, 23,OOOC. C.C.& I.C., 5000
St. Joe, 22,OO0 Ohio and Mississippi,
5000 Western Union, 1000 A. & =.
Telegraph, 10000 Pacific Mail, 5000
Wabash, 81. Louis and Pacific, 2i,03O
Kansas and Texas, 1900 Iron Mountain.
1000 Louisville and Nashville, 1000
Northern Pacific. 1900 st. Paul and
Sioux City, 5000 Lake Erie and West
ern, $500 indianapolis, Cincinnati and
Lafayette, 5000 Nashville, Chattanooga
and st. Louis, II, 900 Chesapeake
and Ohio, 400 Missouri Pacific, 1900
~. Louis and San Francisco, 5000
Marietta and Cincinnati, 1890 SutrO
Tunnel and = ODO Ouick silver