The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-02-19
Financial and Commercial
Money Easy-eoysfnmsnts Flrm-stuOkl
Buuyant.
Flour Dull and NomInaI-wheat Unset.
tied and Higher Provisions Ac.
tive and Higher.
New York money ana stocks.

NEW YoRK, February 1s.-MoEEY-6a6 pei
cent Prime mercantile paper 6a6H per cent,
Sterling exchange at 81 S3H; sight exchange
81 SO.
GOVERNMENT BoHDs-Generally firm. The
As and AIS rose e per cent. The Secretary oil
the Treasury accepted 81 0e0.0 900 OF bonds
offered to-day, as follows; 6s OF 1880, ut l03.ad
al0S. 81 Gs Of 1881 at l05. 66al05. rs; 6s OF 1881
at O .60a103.67.
United sRtes &c Of 1881, coupons. ....,... ..... ..... loSlf
New Elves couPons". w
New -Four Gnd . halls eonpon&...,................."..-l0gA
New FoafS coupons. lVi5n
Pacific % oil l6go. ...-.,.. .....o......
RAILROAD BoNps-strong and higher with
the chief activity in Chesapeake and Ohio and
Erie issues. Lehigh and Wilkesbarre asented.
Sevcns advanced 10 100 on the official an
nouncement that March coupons would be
paid on presentation, and the reports OF the
increased earnings Of The company.
STATE SECunfTIEs-Dull. Fu.las
Louisiana. ................ 71<lDo new ......,........-.. SsH
CSusola :........."." y Virginia 6s-"...."". 70
St. Joseph .............aI 06k IConsols ...... ..,.......,,.. rs
Tennessee @ ........,. 81 DeleTTOd-........-...".. 81
SroCEs-The market was buoyant early In
the day. Louisville. New Albany and Chicago
rose from 7SX per cent 70 100, and the re-
mainder OF the list Ha3A per cent, except
Louisville and Nashville, which fell off 2 per
cent to 1888, and later rose to 144h, closing at
1881. During the afternoon prices reacted
ka2k per cent, but toward the close the
whole market became strong, and the highest
prices OF the day were made In many in.
stances.
Western Union was irmo on the report OF
an extra dividend OF u per cent and on the
decision sustaining the claims OF the Page
nafnnt rnug nNVna1 hO tNa UahtARN ITntNd
Telegraph Company, which will compel all
other telegraph lines 10 pay royalty 10 the
Western Union for the Use OF the patent. 1t
Is even commended that the company will un.
der the decision be enabled TO recover dam.
ages for past use Of the appliance. The
teCnicalform of the decision covers the follow
ing points: First, the adjustment of the re.
tractile OF an automatic circRit breaker.
Second, the combination Of an electro.mag-
net, armature and adjustable refractor.
Third, adjusting or regulating length Of yibra-
ton OF armature OF All electro.magnet by.
means Of a set screw or any mechanical
equivalent for substantially the same purpose.
The decision Is very broad and covers the
principles necessary for the operation OF any
instrument. Steps will be taken at once 10
enforce the decision, and suits for damages
will probably be brought against other tele-
graph companies, railroad companies and pri-
vate persons.
The transactions were large in the trunk
lines, especially in Lake Shore, which rose to
1864 and closed at LOG. The grangers and
Chesapeake and Ohio were in active demand
on increased earnings. There is talk about
the consolidation Of 81. Paul and Minneapo-
lis with the st. Paul and Sioux City and
North Wisconsin roads, and then It Is said
that the Chicago and Northwestern company
istrying to obtain the controlling Interest In
some Of these roads: Exactly how this mat
there is nc doubt that important railroad
movements are Oh foot In the northwest.
The Graphic says: Aoorrespondent wishes
to know II there Is any good reason for the
decline In Little Pittsburgh frum 30lt itspres-
ent price. There Is none so far Us the mine is
concerned, but there has been some large
sales on the part OF people who, desired 10 use
their money elsewhere, and US these stocks
are not so actively dealt In as the stocks OF
the general list o sharp decline enSued. The
stock should recover its decline apparently.
So long as dividends continue 10 be regularly
paid the investment holders are not likely 10
worry over fluctuations. IthaS been for Some
time evident that the operator in Central
Arizona who sold stock from 23X down TO Is
and by creating a panic In 1t broke the price
TO I has been quietly taking the offerings
from THAT price up again, as he can afford
TO after such y break.
The Graphic has criticised the dealings In
this stock, and now warns holders not to be
in haste 10 sell at present. The company Is
preparing to increase its facilities very large
", and as dividends are earned u large ad-
vance is not at all unlikely. The earnings OF
Chesapeake aud Ohio Railroad for January
increase Sl13,6GT. The earnings OF the North
west for the first five days in the second week
in February increase $4,000. The estimated
earnings OF the Union Pacific road for Janu-
ary show a gain OF S16S, 900, and for the first
thirteen days in February an increase OF
$1,000.
The transactions aggregated 1856, 900 shares,
Of which 1890 were Atlantic and Pacific
Telegraph, 6,0O0 Chesapeake and Ohio, $500
Chicago, Columbus ana Indiana Central, $500.
Central Arizona, 5000 Delaware and Lacka-
wanna, 5l,Q00 Erie, 10000 st. Joseph, 1000
Houston and Texas, 1900 Iron Mountain,
$50 Illinois Central, 5000 Kansas and
Texas, $4,000 Lake Shore, l,600 Louisville and
Nashville, 1900 Lake Erie and Western, 1900
Michigan Central, 1900 Northwestern, 5000
Nashville, Chattanooga and st. Louis CLOSING
at 9ihl 1000 New Jersey Central, 1000 New
York Central, $500 Northern Pacific. 5000
0hios, 1900 Ontario and Western CLOSING
at 500, 1900 Pacific Mail. 5000 81. Paul,
1900 st. Louis aud San Francisco, 1900 st.
Paul and Minneapolis, 1000 ST. Paul and
Sioux CITY. 1000 Union Pacific, 5000 Wabash
and Pacific, $4,000 Western Union, 1900
Little Prolific and 1900 Caribbean.
Rock Island .~.......-lSl Hannibal q 81; joe. 4glH
Panama ...""..........-lS Han &st.Joe pid ...... nv
Fort Wayne ."......... .Il6kI Iron Mountain ......... 6y3X
c., L p. ,.............""liO ISt. L. d 8. R.......-...... i51{
Illinois Central .....-l08H Isl. L. d I. +. pfd-.... 67k
n. d Q...". ............. 146 ISL. &S.F. pid l'S..,. Tx
Chicago 4 Ait .... .....l09 iC.H St. L. 4 N. 0...s... II
Chicago 4 Alt pid ...-.l?0 Kansas L TexAs zee. 4593A