The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-01-27

Tie stock mark. opened strong for general
list aud prices advanced u to II per cent,
latter ST, Paul aud Minnesota. A weak feel.
ing ret In ut first board and decline OF u TO
IL enSued, Northwest and coal shares leading
the downward movement. After midday the
market again became strong and buoyant and
continued so to the close, the advance ranging
from II TO SH per cent, Wabash and Erie be-
ing the chief feature OF the improvement.
St. Louis and San Francisco shares declined
IL TO 8 per cent: Chicago, Burlington &
Quincy declined TX, advanced 5X and closed
ut q reaction OF 8 per cent from the highest
point. Kansas Pacific fell Oft 34 per cent;
Union Pacific rose 2S per cent, but reacted
~ per cent; Indiana, Bloomington q IVES.
tern advanced AZ per cent and reacted OK
per cent The general market closed strong,
The present move In Wabash Is said TO have
been delayed until the Union Pacific consoli.
dat on was completed, which was on Satur.
day.
The movement in Erie, strange as n may
seem, has the apparent support OF the Van.
derbiit people. Various reasons were assigned
for the strength ofErie and Wabash.
The Graphic says: The unusual strength
and activity exhibited by Erie on Saturday
and to-day has excited considerable curiosity.
This strength appears to be based upon the
re-arrangement Of the pooling per ccntages
between Erie and New York Central and lis
allied roads. BY this re.arrangement il Is
contended that Erie will be benefited 10 the
extent Of one million dollars per annum.
The Lake Shore and Michigan Central are said
to be also largely benefited by the new ar.
rangement II 10 stated that calls on Russell
Sage for some 10000 shares OF Wabash stocks
expire to-day. From this fact II Is argued that
the prices OF Wabash stocks have been kept
below the calling point, and that the calls be.
ingout OF the way these stocks arc likely 10
advance.
The Commercial Gays: Various rumors are
current as TO where the free buying VI Erie
comes from. The stock seems to have too many
friends and in too many directions 10 author.
lie the statement that Il owes It's buoyancy TO
any one or more great operators. II Is. In
truth, the favorite Of the public, in whose
good opinion and confidence In the future
OF the stock Jewelt and Vanderbilt probably
largely share. Atall events, we are quite sure
these distinguished railroad authorities un.
denstand each other. The prospect Of Erie
obtaining a good per centage OF the New Eng
land business also helped the advance. 1t Is
said new "bul" combinations are forming
among prominent operators II appears that
the bear movement in Central Arizona has
not been very successful.
The Commercial Advertiser publishes the
following in relation thereto; 'erhe excite.
ment in Central Arizona, we are assured,
which has been the mining sensation OF Wall
street for the past month, seems likely to
continue with increasing intensity. Il ap.
pears that the young operator who has been
manipulating the stock, being mora bold than
the prudent and experienced, has been led by
his temporary success to push himself into
stafaU Ia To- L..
been y heavy seller OF Central Arizona for
several days, and II now transpires that he is
short Of stock, and an attempt OF his brokers
to buy on Saturday developed the fact that
there was very little stock offering, aud they
only succeeded in getting 5000 shares OH "
per centadyance.n ="
1t is said that VIM. Bond, President of the
company, formerly manager OF the Missouri,
Kansas and Texas railroad, and his friends
bought last week 5000 shares OF the stock,
which will be held for much higher prices.
All the attempts Of the Spectator referred to
above, assisted by appointment evening paper,
to disparage the property to enable him 70
buy, have proved unavailing as its value Is
too well appreciated by itspromoters, and but
for the sales Of this party 1t would undoubt-
eddy have been selling ut IS to-day. Bis
brokers We're large borrowers OF stock to-day.
borrowed on may be said to look cheap al
present prices. $50 II
The Graphic says, remarking on The same
Transaction, that certain operator In Cen
trail Arizona stock Is said TO have burned his
fingers pretty badly. Taking advantage Of a
sharp decline last week, he nnloaded all his
stock and In addition went short, while the
pool in the stock refuse TO let any OF IL go
and are encouraging dealings by making
stock negotiable ascollateal. The Company
has, unquestionably, valuable property. but II
Is one that should not be made football OF
speculation. A mine that will pay to work
will pay best on its merits. The whole amount
asked by Waerishaifer & Co. for the Pueblo &
St Louis Railroad was subscribed In three
days and the first call OF 10 per cent was
made to-day. It expected that tue line will
be completed in ten months by working from
both ends, Pueblo, Colorado, aud MCPHERSON,
Kansas.
Tue transactions aggregated 1851 900 shares,
Of which 1000 were Canada Southern, 1000
Central Arizona, $500 Chesapeake & Ohio,
5000 G. U. 81. G., 6,400 Chicago, Burling.
ton d Quincy, 5000 LackawanA, 5000 Erie,
5,t0ost Joseph, 1900 Houston and Texas,
200 Iron Mountain, 2 900 Indiana, Cincinna.
Il & Lafayette, 81, 900 Kansas and Texas, 1900
Lake Shore, II, 100 Louisville and Nashville,
5000 Michigan Contra, 10, 900 North Western,
5000 Nashville, Chattanooga and St Louis,
1900 New Jersey Central, 5000 Northern Pa
cihc, II 900 Ohio and Mississippi, 5000 Pa
ciic Mail, 10000 St. Paul, $50 st. Louis
and San Francisco, 1000 Union Pacific, 49, 900
Wabash, ST., Louis and Pacific, and 1900
Western Union.
Rock Island ....... Hannibal st. JOE. 875.
Panama Joe pid =. SEE. 6s
Fort Wayne ........... Iron Mountain ...,.. &c
P. 49, L. 3. F...... i3
Illinois Central oid.iW St. L. as. F. pid,..,-. GS
B. it9 ISEL SF. ptd l'A.. 70
Chicago \ Alt c. 81. L. n, O.,...., az
Chicago 4 Alt pid ....l20 Kansas Texas....... i6
New York Central. Unlon Paclhc......... gS
HAflen ..,.. ...........i5s Kansas Pacific . , 95
Lake Northern PAeihe.- w
Canada Southern. .. Do pid....,..........,.. ~
Michigan Ccntral.-... - Louissille& Nash ,....l2tS
Eric .... Houston Texas, e. T6
Erie pid pestern Union ...,...,i05
Northwestern con-.- SgSl "a. d T. Telegraph-... u
Northwestern Pacific Mall
st PAul.............. M Little Pittsbugh..... q
81 Paul pfd.....,..,
/ ~ Pau1 and Mimi. 81 IAdaInRf ExDfREs IO1t