Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-01-17
Money Easy at 5 to 6 Per Cent.-GOver-
ments Generally Higher and tx
cited-FIOur Firm Wheat Steady
Hogs Firm.
FIN AN CE.
N ew York.

|
Pacific Skies OF
RAILROAD BONDs--Actiye and irregu
lar.
STATE BoSDs-Dull and nominal.
STOCKS The Stock market opened
strong for railroad stocks, and advanced
t@l! per cent, but subsequently reach
ed iGGli per cent. At the first board a
strong tone prevailed and prices ad-
vanced steadily, the improvement rang.
ing from iGi5 per cent. the latter in
the Iron Mountain. Hannibal and st.
Joseph, Union Pacific, Alton, Terre
Haute, st. Paul and Omaha, Ohio and
Mississippi and Chicago, Burlington
and Quincy were also prominent
in the improvement. In the
late dealings sales to realize
pretit caused reaction OF TO per
cent, which was partially recovered al
the close. Canada Southern became
weak on Nanderbilt's denial that the
New York Central company had leased
that road, and declined ST per cent. to
S0!, and recovered to S5l, reacted to So,
and closed AT Sis. Reading, which
opened at an advance Of | per cent q,
dropped l. per cent to 50, recovered to
81, and closed at ~ bid. Telegraph
stocks were less active than usual:
Western Union advanced Il per cent
in the morning, declined 81 per cent, re-
covered and reacted per cent; Amer
lean Union declined = per cent on the
days transactions, and Atlantic and
Pacific telegraph / per cent.
In the railroad bond market to-day,
Minneapolis and st. Louis irs,s al
vanced TO 10 from llj; Iron Mountain
seconds, preferred income, 10 SIS from
S6! DO tirsJs, preferred income, to ~!
from 96t; do Cairo and Fulton firsts to
lit from llOi; Texas and Pacific in.
come. land grant scyens, 10 - from 20;
c., &. Il /. G. income to II from 73;
Milwaukee and St. Paul, |. IL ID. diyis
ion, TO l25 from l2i; & c., &. d !. con
soils to III from l2O; Texas and Pacific
tirsts. Rio Grande division, to 100 from
99i; Lehigh and Wilkesbarrr consOls as.
scented TO iC9i from l09; and Mobile and
Ohio second debcuturcs declined TO Il
from 81 and later recovered To 30
The Panama Railroad Company has
declared quarterly dividend OF per
i.
books will Er closed from January 20 to
February ;. The Ec1oI,y Egpr,sS saws
late special from London states that
10000 shares were bought for cash on
the market after the close Of the board
at prices considerably higher than those
previously current. The stock is said 10
be scarce at LONDON, and these pur.
chaSCs We're for short. An account IN
the same newspaper says the events Of
the week in financial circles were Of the
the mOstlunprecedcntcd importance, EN-
bracing, as they did, tie most glgan.
tic 81 eculative operations ever known
III the history of the Stock Exchange
where the volume OF business reached
such famous proportions. The none
tary situation was characterized by ease
and with return flow OF currency from
the interior and semi.annual disburse-
ments. The supply OF capital seeking
employment has been large. The rates
for all loans OF railroad and miscella-
neous Co!laterals were 5Ga6 per cent, and
at intervals lower figures prevailed
Government bond dealers were readily
supplied at 3rI4 per cent, while prime
mercantile paper was discounted at 5GE
!! Foreign exchanges were lower
early in the week, but subsequently
bankers bills were advanced from JS:
20 9Ss for sixty days, and from ggl To
99t for demand. The latter were
strengthened by an advance in the Bank
OF England discount rate 10 81 per cent.
There were no arrivals OF gold from
Europe reported from the ASSAY office
for the week ended Yesterday. The
total arriv Is since =, 1850, were SGj 40.
600, Of which Sj,SS6,0GO was Amcr.
can coin, and So $4,000 foreign
coin and bars. The total arrivals
for the corresponding period in
1879 and 1850. w,rt S7,3ij, $50,
payments by the Assay Office on this
account. $3.50 900; for the week, and
SjJS, $4,000, since August ~ Govern
mrni bonds on increased business cXhib-
tied a great strength, and there was
sharp advance in IL and IS on action
Of the House OF Representatives, which
valued that the rate OF interest on any
further issues Of bonds Oy the govern
ment be 3 per cent. The Is and i.s were
IN small supply, and this had a tendency
to stimulate the upward movement Of
railroad bonds. Enormous business
was done and large orders from inves-
ters and spectators resulted IN furth-
advance in prices. The greatest improve
mcnt vas in Columbus, Cincinnati and
Indiana Central and Iron Mountain
income issues, which rOs- from 30 to jOi
per cent. After these interests, which
centered chiefly in Erie, Kansas and
Texas. Kansas Pacific, New Jorscy Cen.
tral, Chesapeake and Ohio, NOrthwest-
ern and st. Paul bonds, the railway and
miscellaneous speculation was active and
an advance almost throughout the week.
There We're various causes al work 10
produce the remarkable activity and
buoyaney which characterized the deal
ings from the opening almost to the very
close OF the week, the OveTshaIOHIng
features OF the cause having been nego.
tlatIons for the consolidation Of the TEL.
cgraph companies. When il became
known that these negotiations
had been practically concluded
without excitement and under enor-
mons purchases telegraph shares adj
vanced II 10 81 per cent. Outside Of
telegraph shares the dealings were large
and well distributed, with the trunk
lines, the Pacific roads, grangers, the
southwestern and coal stocks all promi-
nent in the dealings At intervals to-
wards the close portion OF the i'm.
proyement in telegraph shares was lost,
and Canada southern, which advanced
seventeen per cent. on a rumur Of a
lease TO the New York Central, rec de
Q per cent. on the denial OF the ruuor.
The general list, however, was close on
TO the highest figures Of tie week, which
were made to-day.
The transactions on the Stock Ex-
change aggregated 649, coo shares, OI
which $500 were American Union, 90,
OoO A. & 7. Telegraph, 1000 e. Z. {. q
|, 5000 G. Z. d !. c., $1,000 Canads
southern, 1900 Central Pacific. 20,0O(
Delaware, Lackswanna and Western
1900 Delaware and Hudson, 20 900 Erie
5000 Hannibal and st. Joe, "A, COO Iron
Mountain Il pOO Kansas and Texas