Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-01-27

yer here lat; subsidiary silver coin
N9l per cent. discount.
GovKRNMRNrs-Steady and unchanged,
except for AS, which declined ! per
cent.
y. $. Coupons ussll
New Fourand one
New fours ..l0tN
Pacific Skies of
The weakness in sterling to-day
was due to the fact that recent market
ing of considerable amount OF New
York Central stock in London Is likely
To lead in the early future to more lib
eral supply of bankers bills, and also
TO the general belief that the resump-
ton of the export movement in grain
and provisions is near at hand.
RAILROAD BoNDs-The transactions in
railroad mortgages were on scale Of
great magnitude, and the speculative in
terest in this class of securities is stead.
lily increasing. Prices advanced to
o per cent, with Fries, Kansas and
Texas, G. G. x |. g., Denver and Rio
Grande tirsts international, and Hous-
ton and Great Northern issues as the
feature. The greatest advance ID
per cent? was in international
seconds, purchasing committee re-
ceipts, and Houston and Great
Northern seconds, purchasing commit.
tee receipts. Erie consols sold up to
S9s, c., c. 4 |. &. tirsts to "a supple
mentary to nj and incomes to 3. Dem
yer and Rio Grande firsts rose TO 9Si.
STATE Boz hDs-Dull.
SToCKs-The market opened strong Tor
the general list and prices advanced "a
IA per cent, the latter St. Paul and Min
neapols A weak feeling set in ut the
first board, and a decline OF t(9l! per
cent. ensued, Northwestern and coal
shares leading the downward movement.
After mid lay the market again became
strong and buoyant and continued 50 to
the close, the advance ranging from tn
"a per cent, Wabash and Erie being the
chief features of the Improvement. 81.
Louis and ran Francisco shares declined
lIG3 per cent. Chicago, Burlington
and Quiacy declined II per cent, sd.
vanced II per cent. and closed
at a reaction OF y per cent.
from the highest point Kansas
Pacific fell off 81 per cent. Union Pa
citic rose To g, but reacted to lndi-
ana Bloomington X Western advanced
to 4. and reacted to 2i The general
market closed strong. The present
move in Wabash is said Ia have been
delayed until the Union Pacific consoli.
daiion was completed, which was ou
Saturday. The movement IN Ene,
strange rs II may seem, has the appa-
rent support Of the Vanderbilt people.
Various reasons were assigned for the
strength oi Erie and Wabash. The
Graphic says that 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 rearrange-
ment Of the pooling percentages between
the Erie and New York Central and its
allied roads. BY this arrangement it is
contended that Erie will be benefited
TO the extent Of one million dollars per
annum. The Lake Shore and Michigan
Central are said To be also largely bene-
fitted by the new arrangement. II is
stated that calls on Russell Sage for some
thirty thousand shares OF Wabash stocks
expire to-day. From this fact it is
argued that the prices Of Wabash stocks
has been kept below the calling point,
and that the calls being out Of the way
these stocks are likely to advance.
The Commercial says various TuIn0rs
are current as To where the free buying
OF Erie comes from. The stock seems
to have too many friends and in too
many directions tO authorize the state
ment that II owes its buOyancy " any
one or more great operatives. Ii Is IN
truth the favorite Of the public In whose
good opinion aud confidence In the fu-
ture OF the stock Jewett and Vanderbilt
probably largely share. At all events
il is quite sure these distinguished rail
road authorities understand each other.
The prospect Of the Erie obtaining q
good percentage OF New England bust
ness also helped the advance. IL IL
said new "bull" combinations are form
ing among prominent operators. II ap
pears that the bear movement In Cen
trail Arizona has not been very success
ful. The Commercial IduediseT publishes
the following in relation thereto: "Th,
excitement in Central Arizona We sr,
assured, which has been the ininiDI
sensation OF Wall street for the pas
month, seems likely " continue will
increasing intensity. IL appears TIT
young operator who has been manipu
laiing the stock being more bold thar
prudent, and experienced that he hsC
been led by his Temporary success 4
push himself into very dangerous tap
1t is known that he has been heay,
seller OF Central Arizona Tor severa
days, and II now transpires that he i
short of stock, and an attempt Oi hi
brokers To buy on Saturday develops,
the fact that there was very little stool
Offering, and they only succeeded il
getting about 1900 shares On pc
cent advance. 1t 10 said that William
Bond, President oi the company, va
manager Of the Missouri, KsnsaI
and Texas railroad. and his friend
bought last week 5000 share
of stock, which will be held for mncl
higher prices. All attempts Of the sJec
uiOt0r referred 10 above, Assisted by
prominent evening paper, 10 disparzg
the property 10 enable him TO buy bay
proys. unayziling, a. its value - u
we'll appreciated by its promoters, an
but for the sales of this party it woul,
undoubtedly have been selling st 70 n
day. Ills brokers we're large borrower
OF stock to-day. A stock that $40 pe
share can be borrowed On may be ss''
to look cheap at present prices tn
Graphse says. remarking on ID
same Transaction, . CERTAIN 0pessto
in Central Arizona stock 10 said 70 hsy
burned his fingers pretty BADLY. TAI
ing advantage Of the sharp decline lss
week he unIoaded all his stock, and d
addition vent short, whibs tho pod d
the saock refused ~ Iet any olt -. 90
are encouraging dssliap by a'ssins y