The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-05-07
Financial and Commercial.


Sew YORK mouer ana btocka.
NV YoRk, May 6.-MoSET-4A6 per cent
closing easy at 1. Prime mercantile pape
6as per cent Sterling exchange, hAnkers
bills dull at 81 s51l; demand = s..
GovEESNENI BoSDs-steady.
United states 6. Of ISL,
Nsv Fvea coupons
N0u Fonu
PAeihe d Of lz0
RAILROAD BoNDs- Generally heavy AnC
lower. Boston. Hartford aud Kri- hr,ts sole
down from 56k 10 ~ and covered 70 iS1E
Rome. WATERFOWL and 0sdensburg fell ~
and Erie seconds ~ p rcent lrIn Noun,
tain hrst preferred incomes IL of TO IS and
seconds TO ~ Denver aud Rio Grade hrsti
rose 70 l02
STATE SrcuIITIn-Dull.
socKs-The market opened firm and prices
advanced y TO per cent the latter New
York Central, but before the tirst board 4
pronounced selling movement was com.
| menced, under shich the entire list gave
way and q decline OF 4 10 81 per cent
took place, Genital Pacih Pacific Mail, Ohio
and Mississippi, Houston and Texas, kIie,
New York Central, Wabash and Western
Union leading the downward movement
In the final dealings there was recovery In
some instances Of Y to ~ per can't, the latter
|
prices OF the day were prevalent AT the close
Louisville and Nashville was exceptionally
strong and advsnced3 per cent The bearisn
feeling In the last hour Of business was
slonger than ut any previous time nee The
present downward movement began. The
| Dire at Boston was magniftd into great con-
hagration and made the basis for the rumor
that mercantile failure were imminent there.
This, of course helped 10 ursettle matters. tt en-
again It was the general Impression that soluv
OF the large operators are not on tue most
friendly terms and that in turn they w-re
Going their utmost TO depress each others
stocks.
Special drives were made against Erie. Pa
cafe Mail, Delaware, LackaWaua and West
ern, Wabash and New York Central, and
enormous transactions took place In ihese
shares. When the lowest quotations were
touched intense excitement prevailed, which
was allayed, however. At the iinish. A heavy
set was mad. against Northern Pacific and 81,
Louis q San Ffancikco, on fears Of hostile
legislation in Congress. The financial uues-
tons, which auglr good thing. fur the mar
ket, were not discussed, It being seemingly
useless to sEay the downward movement The
principal subject which occupied the specu-
lative mind, was the probability Of prices
soon finding bottom. Money was cay and
kueIt was CuuE utIAulH slEuLuy OF GOllAteE-
ais In view Of the decline In the stock market,
but the article was plenty on gVod security.
stocks We're In Hctiye borrowing demand. The
April earnings Of the railroads continue 70
pour in and In every instance SLOW gains over
last year. The Iron Mountain shows an in.
crease Of SIS Jos; the Louisville and Nash.
vile, $l6l,OU0; Mobile anu Ohio. 81, S63;
Wabash and Pacific S3Si,UJO. aud Miss Iuri,
Kansas and Texas 1881. The Lake Shore,
for the tist four months Of the current year,
shows gain in / traffic Of $2,0JUOV. The
anthracite coal roads gain largely in eonse-
quence OF the advance in the price OF coal
and Increase in the & neral business. The
returns Of the Granger aud other western
rUads show largely increased traffic over last
year. The earnings Of The >ew York Central
and Hudson SHOW an Increase Of $o6s wv for
April, and an increase for tue tirst seven
months Of the fiscal year OF $685., 600.
Mining shares were somewhat irregular, |
but without important fluctuations, noIwi b. |
standing the denials th.t the water supply |
watch was depended upon 10 wors the stamp |
mills Of the Central Arizona mines has proved |
inadequate to the task. II cannot be denied |
that 'lnsiders" in tuis stock have been selling |
freely OF late, and as the company originally |
working the mine experienced considerable |
trouble for lack Of proper wa'er facilities, the
belief Is gaining gr und that there Is s0me- |
thing more than mere idle rumOr in the |
sto' y that the plans OF the present company
for q plentiful supply Of water have at least |
partially failed.
AZ. m NM -