Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-03-04

RAILROAD BoSDs-Strong and lG2i
per cent. higher, with the chief advance
in Iron Mountain, Chesapeake and Ohio
and Texas Pacific issues.
STATE BoNDs-Duil
SrocKs - The market was active and
buoyant during the morning. and prices
advanced l(9Is per cent. in the entire
list. The Coal shares, Pacific Mail, Can.
ada Southern, Lake Erie and Western
and Louisville and Nashville were the
most conspicuous in the improvement.
About o'clock il was announc-
ed that the Secretary had accept
ed only s2,5l6,000 of the bonds, which
was less than generally expected and
caused reaction of TO 9 per cent.
This, however, was followed by re-
newed buoyancy, and there was gen.
eral recovery Of \ to per cent, the lat.
ter, Pacific Mail. The coal stocks were
all higher and were taken freely on the
continued advance in the prices OF coal.
The late movement in coal shares is be-
ginning to attract attention, and state.
ment now made on the authority OF
parties who are in n position TO be well
informed, says the coal carrying roads
will this year do a business large enough
to meet ali fixed charges and leave sur
plus. A report from Philadelphia says
that the annual exhibit of the Cen
trail New Jersey will show net
gain of not less than S750,00O
and it may reach 100000. This i'm
proyement in the condition OF coal car
riers is due mainly 10 the harmonious
action regarding the regulation of the
trade. The telegraph properties were
firm on moderate dealings. The sigma
lures Of 90 per cent, Of the holders Of
the income bonds OF the st. Louis, Iron
Mountain and Southern Railway Com
pany have already been obtained to the
request To terminate the stock tIuSt,
and in a short time the stock OF the
company will be exchanged Tor repre-
sentative certificates issued by the Far
mer's Loan and Trust Company, which
are now current on the street. The
Central Pacific railroad has called
in for redemption, on September LIST
next the balance OF their outstanding
convertible bonds, due in 1883. The
Graphic ssys the scare in Little Pitts
burgh has come 10 an end, and share
holders are now calmly considering the
situation. Ii is said that some stock
sold as low rs 50 on Monday afternoon,
after the Board closed. The Board OF
Directors OF the company have instruct
ed certain competent mining experts to
report on the property, SO that the pub
lie may learn It's true conditien. Tho
Iron silver mine at Leadvillc, formerly
owned by Stevens x Lester, aud the
Robinson mine of Ten-Milc Desert, Col,
has been purchased by George ID. Rob
erts and others. The purchase price az
gregates over Si,000OO0. Both mines
have been incorporated under New
York laws and will soon be listed and
quoted on the American Mining Stock
Exchange. Milwaukee and st. Paul
earnings increased 10 S262, 900 for Feb
ruary, and st. Louis and san Francisco
gained s32, 900 the fourth week in Feb
ruary.
change aggregated $4,000 shares, Of
which $500 were Canada Southern,
200 g., G. K /. c., l,7OO Central Pa
citic, | 900 Chicago, st. Louis and New
Orleans, 81 900 Delaware, Lackawanna
and Western, 1900 Delaware and Hud-
son, $4,000 Erie, $500 Hannibal and
st. Joseph, $500 Houston aud Texas,
1900 Iron Mountain, 10000 Kansas
and Texas, 1900 Lake Shore, 5, 400 Lake
Erie and Western, $500 Little Pitts.
burgh, 3,400 Michigan Central, 400
Mobile and Ohio, 1000 Northwestern,
GOO Nashville and Chattanooga, (clos-
ing at ll5i), 1900 New Jersey Central,
1000 New York Central, 1000 North
ern Pacific, 1900 Ohio and Mississip-
pi, 5000 Ontario and Western lclosing
at 30D, 5000 Pacific Mail, Al 600 Read
Ing, u 900 st. Paul, $500 81. Paul and
Sioux City, 1000 St Paul and Mime.
apolis, 6,600 Union Pacific, 1900 Wa.
bash and PacihC, and S,6OO Western
r. nian