The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-12-25

AZ par now, Including lh0Ae that conl
hardly he sold at 10 cents on the dollI
3 six months ago. We even hear that tn
G new Belmont stock, as re.capltalixel a To-
{ months ago, ia salable al par. This Is a
advance Of about 100 per cent on III
, amount oi bonds outstanding when III
: mill was purchased In August last. Thu
amount was 500, 800 less what was paid t
parties not coming into the purchasing al
rangment, say Sl0i,7OO. To this was I'D
ds,4ulIlCienl stock to enable individual
to form a corporation, and when this va
done, the whole investment, as 1t thel
stool, was doubled, standing alter douh
ling ut $500, 500, which isthe capital stoCl
to-day. Par for the stock now means twr
dollars for one ~ compared with th,
amount Of the bonds in Angus
last, In other words, the People
! Bank that held S4O,0OO Of thu
bonds, and the Exchange Hank that heI,
$4,000, have to-day an asset, Tor 80 muCl
~ they still hold, worth at the rate o
$4,000 and $4,000 respectively Thll
ought to be satisfactory for one si1
months advance. 1t is thus that once aud
awhile the flower Of safety Is pluckCi from
the nettle OF danger. Six months ago thu
owners Of Belmont Mill bonds were not
looked upon with envy; but, prestOI the
scene chauges-an unexpected boom oc'
cun-and those who were 80 lately the
subjects Of sympathy all at once become
the recipients Of congratulations,
Only few months ago the stock Of the
Bellaire nail mill sold down to 80 cents on
the dollar There were actual transac.
tions at less than this figure, Not that
there ever was any reason for such de.
cline, for there never was, save in
the fears coupled will, the necessities Of
holders. BellAire has been ior'years one
OF the best managed and most successful
institutions Of this vicinity, and it really
ought not 10 have sold under par for
long time past.
The Etna Iron Works Is another prop.
erty that felt the depression Of the panic
on It's stock, Being to some extent an ex.
perimental industry in this locality, its
shares more quickly responded than some
others to the general demoraliaation of
confidence in iron property oil oil kinds,
and not two years ago they sold down to
10 cents on the dollar. This too in the
face Of steady employment and uniform
balance each six months on the light side OF
the ledger, however small it might be, aud
acknowledged careful and capable man.
agement. Now, to-day, it would be dill
cult to buy the stock ut par.
The Top Mill is another concern that
has had its full share Of adversely. 1t has
had Losses and crosses many" but, like u
staunchly timbered vessel, 1t has wealth
cred the storm, rounded the light" and
sailed into port. after long voyage, as a
veritable ArgOsy to Its owners, It's stock
we understand is now selling at par.
The Hinge Company is another concern
that has beat the waves OF the tempest
ever since the panic Of 1878, and expert.
enCed any amount Of rough weather. Its
stock has hardly been salable Mt any de-
cent price Of late, but We presume could
not be bought to-day at less than par.
The company have had the best run oi
their existence the past six months, and
will no doubt make a handsome showing
on the first Of January.
The Mingo furnace is another institu.
ton that has come up from the depths Of
the panic. As in the case OF the Belmont,
It's bondhOlders were saddled with the
property only short while ago, and no.
body envicd their luck at that time, but
to-day it would be fortunate individual,
we Opire, who couId get in-not on the
ground aoOr-but on the second or third
story.
The Laughlin nail mill was sold for con.
less than half It's cost two years
ago. We are all familiar with the story OF
It's sacrifice in the hands Of its original own.
ers. They held on too long, and yet could
not hold on long enough. Their strength
was spent almost in sight Of land. To-day,
how changed Twice the price that the
mill brought under the hammer would nut
buy 1t to-day.
We might go through the list OF all our
iron works, and say something applicable
to each, as regards the ups and downs they
have experienced otlate years. We might
mention how the BenwoOd was burned in
1876, and rebuilt at large outlay in that
year, and how splendillyshe waseQuipped
with all the latest improvementSin In rolling
mill science, and also we might speak Of
the enterprise OF the Riverside works, and
Of the fact that it has employed more peo.
pie during the depression than any other
concern in our midst, aud Of the courage
with which 1t has kept is large business
rauillcations alive aud ready ordovelope.
ment AT an Opportune time, one OF which,
ian ore mine) is now coming into use on
the present boom. We might also speak
Of the always steady.Eoing La Belle mill,
always sound and solvent, concern that
for i,s motto sin good times prenara for
I,al .i,.o.I r. .-,-.T ,-- t' ~,
~ 0 80 s =, .s.,,i t ,' g""'s "a ~ as IN ','A'
~ ~ IT,, S''T T 'oa' y 1HU"'o " e'efS %Iuu
'n"' ''o"' i@ A'Uck ',AS never sou De-
low par, anu would to-day, We presume,
bring considerably more than par.
u t.oo,,s .,.,,,,a A., ~. =