The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-01-15

srocKs-rhc market was in the main
buOyant on q large YoluTe Of business. AT
Intervals during the day there were slight re,
actions caused by realizations. Toward tn.
close prices rose l TO l0% per cent, Alton and
rerre Haute leading the upward movement
Union Pacific, Canada Southern, Illinois Cen
trail, Eric, Pacific Mail and the coal stocks
were also conspicuous in the advance. The
telegraph sllares were irregular and declined
Louis also fell Oft TX per cent, closing at 02A.
Marietta and Cincinnati first. preferred closed
at 17M. Arizona mining fell to 10, ut which
price II was taken by inside buyers, closing at
i3X. Lake Shore fixed on q ratification
traffic agreement with Wabash. The sharp
rise in AIT N and Terrc Haute shares was due
to the reports Of n new litigation TO benefit
the company and of q movement among the
stockholders TO obtain q more satisfactory
settlement with parties against whom the
company recently had suits. Among the
Investment shares, Chicago, Burlington and
Quincy sold up to 1851.
The dealings In Union Pacific today were
on q larger scale than for some time past.
The prices advanced on large purchases. The
excellent condition OF the property and In
creased earnings OF the company are at the
bottom Of the movement. Pacific Mail wss
active and sold up to 4lHs4lX. The In
creased activity and strength In this stock Is
due TO the statements mads by its friends Of
increased earnings aud the prospects
for the future. They say 1t isexpected by June
next tue entire debt OF the Pacific Mail com.
pany will be paid, except q million OF bonds
held by the Panama railroad company, which
do not fall due until 1884 Should this anti.
cipation be realized, and tie present large
trafl1 Of the line seems TO assure 1t, a sinking
fund will be setR part sufficient to cancel the
bonds at maturity, aud dividends will be
by the management 10 fund what little Is now
leftof the outstanding Indebtedness. in which
event dividends may be reasonably expected
very soon rs the company has been earning a
dividend for a year past. It Is stated that six
per cent can be paid per annuin, with a sink
ing fund TO %exinguiSh the debt and eight
PSF cent after II has been paid oil.
A meeting o, the Joint Elk 'crtive Com.
mittca II trunk lines OF railr sd Is called for
the 10th inst at their Office in this city. The
subjects 10 be discussed are:
Erst-A revision ofthe percentage table +"
s cond-A revision OF tho tariff to New
Englard and interior p .ints.
Third-Thc tariff from tho West to the
South Atlantic ports via Northern ports.
Fsurth-The adjustment OF tariff to Eu-
ropean ports via different Atlantic ports.
Fifth Changes In ella, sifcations.
Besides THESE any other subjects relating TO
the business OF tbs Joint Executive Com
mittce that may be brought before the
meeting.
The transactions aggregated 1858, COO shares,
OF which $4,000 were Erie, $500 Lake Shore,
5000 Northwestern. 1000 st. Paul, 1900
Lackawanna. $4,000 New Jersey Central, 5000
Reading, 1900 G.. G. & I.C., 5000 Chesapeake
sud Ohio. $500 Canada Southern, 5000 81.
Joseph, indianapolis, Cincinnati and Lalay-
ette, 4 400 illinois Central, 5000 Lake Erie
and Western, $4,000 Louisville and Nashville,
1900 Michigan Central, 1000 Mobile and
Ohio, 600 Marietta and Cincinnati iirsts
preferred, 5000 Nashville, Chattanooga and
81. Louis $500 NoCtscrn Pacific, 4 800 Ohio
and Mississippi, $500 Pacific Mail, $1,000
Western Union, IL, ZOO Wabash, St Louis and
Pacific 10000 Alton snd Terre Haute, 5000
Iron Mountain, 20,V00 Union Pacific, 2l.000
Kansasand Texas and 1000 G ntral Arizona.