Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-08-15

RAILROAD BoNDs-Heavy. {. c. x l..
c. iirsts 73; no sales of seconds.
STATE BoNDs-Dull.
SToCKs-Speculation to-day was char
acterized by intense excitement, and
during the first hour OF business prices
declined l@4s per cent. Toward noon
the market became somewhat steadier,
snd recovery OF lG2 per cent. was es-
tablished, but during the afternoon the
selling movement was again renewed,
when the entire list rapidly gave way
and prices touched nearly the lowest
point OF the day, the market closing very
weak and unsettled The decline, COM
pared with yesterdays closing quota
tons was / per cent. in Lake Shore, 3!
per cent. in Northwestern common q
per cent. in Delaware, Lackawanna
and Western, .! per cent. in Morris and
Essex and Western Union, Il per cent.
in 1t. Paul common, | per cent. in ST.
Louis, Kansas City and Northern pre-
ferred, ! per cent in Delaware and
Hudson, ] per cent. in Wabash and
Rock Island and l@l per cent. in the
rest of the list. A great deal of long
stock was sold in addition To what was
sold for short account. There was only
one small failure, and less than 1000
shares were sold out under the rule,
and the speculator for whose account
these were sold, gave notice that he
would make his contracts good. The
dearness OF money helped the decline,
which was also assisted by rumors that
l50,0O0shares of Lake Shore were sold Tor
a =. NJ 10 hn
Erening Post says: Strangely enough
the orders to sell came mostly from
Saratoga, from which place orders TO
buy OF last week also came. IL will be
interesting to hear what these Saratoga
spectators have now 10 say respecting
the reported lease Of the Lake Shore TO
the New York Central. lfit shall prove
that the various stories sent from there
were pure inventions, and that the
names OF influential railroad managers
were used without authority, then the
latter will owe il To their regulations to
vindicate themselves. The general feel
ing here is that the street has been
again dupcd, and that very large
amount OF stock has been marketed.
The Erming E,prcS says: At the open
ing of the week money was easy TO bor-
rowcrs at 3CJ4 per cent, and reports Of
the favorable lease OF the Lake Shore to
the New York Central flew thick and
fast, and found hosts Of believers
Nearly everybody became dull, and
large amounts OF leading stocks
were bought for rise, in many
cases on n slender margin. Yesterday
and to-day money was sharp
Z per cent and all reports were To the
effect that there would be no lease OF
the Lake Shore 10 the New York
Central. The latter condition of affairs
naturally caused heavy decline in
values, which was accelerated by the
closing out Of Spectators who were
operating on , and D per cent margins
and in some cases even those with 10
per cent margins. The transactions
aggregated 81 900, shares, OF which
$500 were Erie, $4,000 Lake Shore,
$500 Northwestern, 5000 St Paul
common, 1000 preferred, 5,i00 Wabash,
1900 Delaware, Lackawanna and
Western, $500 New Jersey Central,
$500 Delaware and Hudson, 1000 Morris
and Essex, 1000 Michigan Central,
1900 Union Pacific, 200 Ohio and
Mississippi, 100 st. Joe common, 300
preferred, 1900 Western Union, O, 800
Pacific Mail, 1900 st. Louis, Kansas
City and Northern common, 400 pre-
ferred, 100 Kansas and Texas, 4, 800 ~.
Louis and San Francisco, 700 Burling-
ton, Cedar Rapids and Northern and
LOO Iron Mountain.