Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-05-25
BUYING AND SELLING.
GENERAL MARKETS By TELEGRAPH.
Money st +to 6 Per Cent-Goyernments
Steady and Higher-Flour Dull
Wheat lower-Hogs
In Good Demand.
fIhAkCE.
New York.

AohA, MAY -. MONEY
At AS6 per cent, closing At 500 per
cent. Prime mercantile paper 5(S6 per
cent. Sterling exchange, bankers bills
firm at 4S6l; demand at 4S9I.
sILvER-At London 62i pence; bar
silver here ll+i; subsidiary silver coin
i9l per cent discount.
GovsRShESn--Steady AMI higher.
y Coupons llssll
Neu flve l0Hk
SeN roufand .....--.l.y@s
uun, '.,,,;.. ''-..... ...,.....-loi.s
W os'-.............-.... .......-..lb
RAiLRoAD BoNDs-Active, irregular
and generally lower with heavy decline
in some issues. Erie consols seconds
iell oil from Ss TO S3t and recovered 10
Si.. Jersey, Central consols, assented,
iell oil d per cent Ia 95, do Adjustments
II to lO4; B. II. & Ere tirs,s q To IS:
Lehigh aud Wilkcsville consols, assent.
ed, II TO SO; Wabash St. Louis divi.
sion 3 to 100; Kansas and Texas sec.
onds ? TO SGT, and C., q. Il |. G. incomes
q 10 3Ol. There was recovery ol two
per cent. In Wabash and Lehigh at tho
Close.
SrArE Box NDs-Dull.
SroCKs-The market opened venerally
iirm and IN some cases fractional al.
vance took place, but soon heavy
pressure Ia sell was developed
In coal shares, and amid great excite.
meht New Jersey Central declined ia,
Delaware aud Hudson III, Delaware,
Lackawsnna and Western ~. Morris
and Essex 81, Iron Mountain 81, &. &.
c. X ]. Al and the balance Of the list
to 81 per cent At two O'Clock speculs.
ton became temporarily firm. and re-.
covery oi ! TO per cent took place. the
latter in New Jersey Central; but to.
ward the close depression a.ain set In,
aud coal stocks fell on Ia 3 per cent,
New Jersey Central leading the decline.
In hnal dealings, however, Delaware
and Hudson recovered \ aud New J,r
sey Central aud Lackawanna
per cent. The general market
withstood the decline IN the coal roads
remarkably we'll ior time, but finally
yielded. The bears, of course, improved
the opportunity awarded them 10 make
q iier'e onslaught against ths market.
They paid particular attention 10 Lake
shore and Erie, of which stocks immense
blocks were pressed for sale, resulting
in decline Of 2ita3 per cent. In Lake
shore. There Was a large number oi
seller 10 days options put out at tai
per cent. below the price IN the regular
way. There was some heavy selling OF
Wabash shares. and preicrr-i declined
81 peg cent. Western Union and the
GranRers were rouspirnously active and
declined Hos! per cent. Some
of Che large operators. who were
buliins the market. were
hsayJ Is<llersRA r,GtnI'r rItrhhsefs Of
l.akrsi,orr, l.ackavanna, the Changers
anil Western Culon were heavy. Asusu.
Al in times Oi great depression, many
Idle rumors w.ra set hilOai. IL sas re-
ported that certain houses were In
trouble and later report gained cur
rency that there was panic IN Amrri'
can securities ~ London. These Ie'
ports were more ar lees generally
believed and induced free sales 81 long
stocka Besides u renewed hammering
on ths part oi the hears another rnmor
gained currency that Jay ',ouli Was deter
mineJ o. break the market down, and Was
dcsirUus 81 breaking Lake
shore M inr below par s' possible.
Cons ssiering the cgormOusl iusdation in
the coal shares the market holds up quito
well. This may be a-cribed 10 the Tact
that he earnings ol the railroad com
panies throughout IN. country ~ large
and continue 10 increase. Tb. North
western Company has done 50 we'll that
extra dividends ioT both oomviOn snd
preferred stocks are talked ol al the June
meeting oi tlie directors Iie Chicago
and Rock Island earnings iyt the trst
six weeks III the new l-Ti Year shox q
eain oi 9l,010. ChlcxD sn' Nathwesi.
err eRfniDas IoI u'o bf-t log dsys OF The
second week oi May incrca-.I 5000.
The transactions ON The stock Ex.
change aggregated 5000 shares. oi
which 1000 we're Csnads sonthern.
1000 g., T., e.. al, I2s,ODo Delaware,
i.ackss . anna and Western. 1900 Deia.
ware and Hudson, p6.0D Erie, 5000
Hannibal and ~. Joseph. 5000 Iron
Mountain. 100 Kansas and Texas.
81 600 Lake shore, 5000 Michigan Cen.
trail. 3,4OO Morri. aud E-seS. l5,OU
North western, ~, 900 New Jersey Cen.
trnl. 1000 New York Central. 1900
Northern Parifc, $500 Ohio and Mis-
s,s.ippi, $500 Ontario and Western,
400 Pacific Mail. 2t,OOO Reading. 81
90 II. Paul, $500 Union 'srihc, 1000
Wabash and Pacific and y, 900 Western