The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-09-30

Il u
Tile paper 6a8 per cent. Sterling e1ehang
hrm Of six; sight exchange 4S3N.
Governments Firm ct advanced prices
United State q Of $751; coupon.
SeH
Rev -Four and halls
SH
SAneheg
RAILROAD BoNDs-strong and higher, and
the feature Of the market was again the enor
NOUS transactions In Erie ID new eonSoll.
dated, which rose TX per cent TO S0H. The
next largest transactions were In Erie % per
cents funded, which rose X per cent 10 7S1,
The largest rise was 8 per cent In the Jefsey
Central convertible asSented, and the next 2
per cent 10 the Alton and Terre HAute In.
come. The Commercial say, there L no
question that the next election Tor mAnagerS
Of the property, let who may succeed, will
place the "a bonds, including the per cents
under the same mortgage, on much HIGHER
plane Of credit than 80 per cent. G., @. 81
0. frstS brought 7SH.
STATE BoHds-Dull.
SrocES-The leading feature on The Stock
Exchange to-day was Erie, which, amid
great excitement and under extnoril.
nary transactions, advanced TO Sax ior the
common and 90 for the preferred, In he
earlier dealing q very buoyAnt tone prevailed.
and prices advanced kto 33S, Michigan
Central leading upward in the movement,
with Lake Shore, Granger and Coal stocks
also prominent In the improvement, In
the afternoon, under sales to realize pToats
the general list fell Y toll, while the New
Central fell of az, Hannibal and 81 Joseph
preferred and St. Paul and Sioux City 1 per
cent In the late dealings the market ID.
came hrmer, and there was partial recovery
The transactions were 49,, 900 shares, which d
the largest single days business since the
houn Of dealings were changed. The early
rise in Erie was due 10 the rise Ut London. m.
creased earnings, and the revival OF the n.
ports that Vanderbilt, Gould and Field weFe
buying; that the Board Of Directors wouid bs
reconstructed ct the October election amt +,
D. Morgan would be made President and
that the London trustees were In sympathy
with the programme.
The Graphic says: The bulls argue that
Erie Is the only trunk line stock that has moi
up to now largely advanced. While North.
western, st. Paul and Lake Shore have nd.
Vanced from 80 TO 50 per cent, Erie has re-
manned stationary. Il Is now universally
believed that Gould and Sage have bonsht
and continue buying largely Of the stock nm.
der an arrangement with the Erie trustee by
which Erie will be made the Eastern connec. |
ton Of the Southwestern Combination, The |
recent large purchases Of Pacific Mail are
based upon statement that the indebtedness,
81 the company Is being rapidly reduced and |
Us financial condition consequently greatly |
improved. eS'
The transactions aggregated 4eI, 900 shares
OF which 900 were Erie, q 900 lake sbore
1000 Wabash, 81, 900 Northwestern, I60O0 al
Paul, 1900 Lackawanna, 2S,Q0e New Jssev
Central, l1,O0O Delaware & Hudson. 16O60 |
Michigan Central, 10000 Union Pacific 6000
G: Q. .. & l., 1000 @. O. & j. O., 1900 Han.
nibal and 81. Joseph, 1900 Ohio and MiSis. |
sppir $500 Western Union, 5000 Pacific Mai.
z 40 st Louis, Kansas CITY and Northern |
9 900 Iron Mountain, $500 Kansas and TeTas
1000 Louisville and Nashville, Z, 400 Houston |
and Texas, $500 st. Louis and San Francisco
2IO0J indianapolis, Cincinnati and Laiayette
and 1000 Northern Pacific.