Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-10-24

Active at ., per cent, closing at per
cent. Prime mercantile paper 5S6l
per cent. Sterling exchange steady at
4S0s; sight exchange on New York 1891.
SILyER-At London So 5-l5d; bar
silver here ll3l; subsidiary silver coin
al per cent. discount.
GovERNMRSTs-Steady.
o. 3 Coupons lsSll
New
New Four.and one halls ........lOs.s
New rours '...'''. -. '-'''''''--'
currency
RAILROAD BoNDs-Strong and prices
generally advanced, with the largest
transactions in Missouri, Kansas and
Texas seconds, which advanced to ~,
rise OF - per cent. c., G. d !. {. firsts
sold at 79l, seconds at 36i, and Sioux
City firsts 95l.
STATE BoNDS-Stcady.
SroCKs-The upward movement IN the
stock market received "a fresh impetus
to-day, and the general list rose Ia
per cent, c., {. K |. {. showing the
greatest improvement, Hannibal AMI
IT. Joseph coming next with rise OF II
per cent, c., c., G. & /. selling up "a
per cent, It. Louis and San Francisco
y per cent, Erie y per cent, Northern
Pacific per cent, and the coal shares
2(dlI per cent. During the after
noon, owing To the stringency in
money, which is said 10 be
largely artificial, the market fell off |
ass per cent. the latter Kansas and
Texas, which, however, became very
strong in the final dealings, and recov-
cred | ! per cent. The general market
also showed much tirmness at the close,
and made partial recovery. Frank
fort and keokuk rosr u per cent. Ia ~.
The elevated railroad stocks were very
buoyant, and rose j(d,S per cent, but
subsequently reacted l@I per cent. C.,
G.. Il /. {. advanced on a report that the
PENNSYLVANIA Central was about Ia
make compromise IN lltigated matters
concerning lease. Among the anus
ING features of the stock market thus
forenoon was an advance IN Jer-
sew Southern from A. 10 IT per
cent, and in Spruce Hill coal from 10
Is per cent. The strength OF Erie was
more clearly developed than ut any
time since the rise started from ~, and
coal shares reached the best figures yet
recorded. Additional strength and AZ
tivity were impaired tO Pacific Mail
by the publication OF column inter
view i'm the World, with Rufus Hatch,
regarding the future of this property, n
subject To which hc has given much at
tention. lie saws the business oi the
company is heavy and rapidly inCrcas-
ing and thHt it, financial condition has
been greatly improved. He liz oi the
opinion that under its present direction
il has fully recovered from the damage
inflicted upon il 10y recent management,
and that its traffic iacilities will enable
the company to profit largely by the
present revival Ol business. lie also
thinks, as compared with the prices
which many oi the stocks are now bring
ing on the Exchange, that Pacific
Mail is selling much too low. The com
pany, he says, owns sixteen
iron steamers, all IN hrst-
class condition and making money.
It's indebtedness is 81 ,675, 900, and il has
until 1899 to cancel il. As these oblils,,
tions run ior so long period and
the monthly payments are moderate, II
will be seen that as the present earnings
are equal Ia : per cent. on the capital
stock, the company are rapidly placiog
| themselves in position 10 resume dlyi.
| dends. Mr. Hatch expresses the belief
| that the proposed ship canal will be
commenced within a year, and says
that from the day that the first spadels
put into the ground for an inter-ocearilc
canal, the Pacific Mail, in carrying thor
men, supplies and materials alone, Will
earn 10 per cent. on It's capital stock,
besides being able Ia keep its equipment
in thorough order and 10 build new
steamers each year. ..
The transactions aggregated jJODCo
shares, OF which H. 900 were Erie, 1900
Lake Shore, ~ 600 Wabash, 300 North
western, 1000 It. Paul, 1900 Dch-
ware, Lackawanna, aud Western, 1900
New Jersey Ccntral, 900 Delaware
& Hudson, 1000 Michigan Central,
10000 5000 Union Pariiic, 5000 c. 4.
G.. & l., 1900 G. &. q |. c., $1,000 Ohios,
1900 Western Union, 10000 Pacific
Mail, 1900 Kansas City and Northern,
5000 Kansas and Texas, 1000 North
ern Pacific. 5000 Iron Mountain, 1900
Nashville, Chattanooga and ~. Louis,
5000 indianapolis, CinciOnati and la
iayette, II 900 y. J. Southern, 81 900 81.
Louis & San Francisco, G,0OO Boston
Water Power; 1900 Elevated Railroad,
$500 American District Telegraph, 400
Alton and Terre Haute, and 100 81
Paul and Minnesota. ....
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