The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-11-11
Ran SlLygR-sI l6I.

Ban slLvER-$1 l6<.
RAILROAD BoNDs-Falrlv active and ger
orally higher. The chief feature OF the maFke
was the large business Ia Texas Pacific Lam
Grant incomes, which sold from 90 TO 6t
Cedar Rapids and Northern frsts rose TO %
and Lake Erie and Western incomes to 62A
81, Paul and Sioux City tirsts sold at 95, AM
e.. q. & |. O. secOndSa at 3S.
STATE BoSDs--Dull.
The week opened with great buoyancy ant
excitement on the Stock Exchange under tn
easier condition OF the money market and thu
announcement that the Treasury had pur
chased s., $4,000 VI the skies OF 1851 at 81 90
There we're also special causes at work In fa
vor OF some stocks which had u tendency 10 In
crease the general activity and buoyancy
me anthracite coal stocks were prominent
features Of the market, and advanced from i
TO OK per cent New Jersey Central rising u
| S8X, Delaware, lackawAnna and Western
To 03, Delaware and Hudson to SIX ard Nor
ris and Essex to lO2. The continued upward
movement In coal shares Is due TO favorable
reports in regard to the trade, which has not
been 80 active and prosperous for years past,
Many oil the companies are refusing 10 take
orders ahead ut the current quotations for
coal, and another advance Is looked for In
the early future.
The greatest advance OF the day was made
IN some Of the stocks recently admitted 10
dealings at the exchange, Among these the
Lafayette, Bloomington and Muncie rose
70 per cent to So, but subsequently reacted to
II. The immediate cause Of this sharp rise
was the announcement that the $l,OGO, 900
stock Of the road is 10 be withdrawn and
$4,000 600 Of the new Lake Erie and Western
stock is to he iSsuedand given to tho Lafayette
bloomington and Muncie stockholders for
their road aud equipment.
The st. Paul and Sioux City stocks rose
5abh per cent; the common to 37H, and
preferred to o., closing at 81 and 65k r..
Spectively. This advance was based On RI.
ports that the road had made some new and
important connections, which would increase
the traffic 70 an extent that would result In
the payment OF dividends on preferred shares
IN the early part of nextyear. .
Lake Erie and Western rose 6h per cent,
to 20, but closed at "a.
The Granger and Trunk line shares were all
strong and higher on reports of large traffic
both East and West. Among tbe other
shares, Nashville, Chattanooga and St. Iouis
advanced TO d5l{ and St Paul and Minnesota
to6O1S. The advance In the general list was
70 per cent. Pacific Mail was execution.
ally weak aud declined TO S6sE.
There was general reaction after the sec.
ond board, but the market became buoyant
again toward the close, when 1t became known
that the Treasury had completed tho pur.
chase OF $40, 600, 900 bonds and prices advanced
SHARPLY. IN many Instances the highest prices
oil tue DAY were madein the final dealings.
AS mentioned above, the Assistant Treas.
urer, thlS afternoon, purchased the whole OF
tho ten million dollars Of 6s Of July, 1881,
which he was authorized by tho Secretary Of
the Treasury on Saturday to buy at 81 08 I'm
to O'Clock he had paid out about 81 300. cod
and the balance will be disbursed Tomorrow
The immediate effect OF this was to make
the money market easier and call loans.
which were LILO at one time during the after
noon, dropped to 5a6 per cent, and money
was plenty at these rates A round amonnt
OF 81 900 was offered on United States
bonds for the remainder Of the wear nj mar
cent l. is generally believed that the secre.
tary will soon purchase another ten million
dollars, and keep on until he has filled I'm the
sinking fund, wy WV
Transactions $4,000 shares of which 50.
900 were Erie, $4,000 Lake Shore, 1900 Wa.
bash, 1900 Northwestern, 10000 ST, Paul.
4s,VOo laGkawanna, $1,000 New Jersey Cen.
trial, 1000 Delaware and Hudson, 5000 Michi-
gan Central, 1900 Union Pacific, 5000 O. c.
y : ~ y l., 1900 y. Q. 4 l. G, 1000 St. Joseph,
T,VvO onlo and Mississippi, 1000 Wpstern
Union, 1900 Pacific Mall l3.0OQ st. Louis,
!! 4 aItsaS SltY ana Northern, II 900 Kansas aud
Pacific, $4,000 Nashville, Chattanooea and
81. Louis 5000 81. Paul and Sioux civ, 4 900
st. Paul and Minneapolis, 1000 Lake Erie
and Western, 1000 st. Louis and San Fran.
Muncie. '''>