The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-08-04
rlNaHClAL ANO COHaERCIAL.


NV AWNa 4AANNl aaA ANNNAAs
NV YoRK, Augu't 8. - AoSEY-&sFke
easier at 2Kas per cent. Prime msrcanhl,
paper sa4 per cent, Sterling E1chaRge bank
en- bills steady At q sax; demand n SAX.
CONVENIENT BoSDs-srsng and = Pc
cent higher.
o. g. 90 eItendsd-.lO25tIu U, 9, s., s1tsnded.,,,,,lO9
AZ, oupOns....,,.,, iltN H. eOuPonL-r.,- ...,--lleb
Pacific 81 Of '96.-..,.r.ls0
RAILROAD BoHDs-ACtive and generally
firm.
STATE BosDs Dull. Louisiana consols be
came suddenly buoysnt towards the close AnC
the price rose on.a brSkdsmAnd to 70, N I'D.
vance OF 2 per cent for the day, with . late
pAle 70 69h. This rise was Q OF the LEADING
features Of the afternoon on the Stock Ell
change, Within about 4 month London hli
sold 100000 OF these bonds, all oil which
have been taken for New Orleans account.
l~ouLIIaua COnSOlL.-. egHlYlUiu!A Gs-,,.;..,,,..- 81
st. Joseph, ...,,......--llO mltured coupons, son
T Fsaatsss S S',ii;;i;,., "6TsrsG, :
SroCKs -Che market opened strong and
generally higher, and In the early dealingl
prices advanced kA2H per cent, the GOA
shares leadiUg the improvement. About
midday there was 0 reaction OF kAl per cent,
which was followed by another advance OF y
a2k per cent, which was most marked in
Reading,
At the second board speculation became
weaker aud prices fell ofFsligntly, the closing
sales being at = decline from The highest point,
XAlN per cent, Reading, New Jsrssy Cen.
tral, Missouri Pacific, Michigan Central aud
Union Pacific being the most prominent
therein. The statement OF the affairs Of the
Philadelphia & Reading Railroad company,
with an outline VI o plan for the reAdjuSt
ment OF It's indebtedness was submitted by
the President and approved BY the board u
directors and referred 70 q special committee,
consisting OF the President, WEIGH and Ship
ley, 70 perfect details and report on WedneI-
day next,pri to submittinRt It 10 the creditors
and Shareholders This 10 The plan as under
stood here.
The Express says; at Is proposed to issue
$l0O,0OO,0O0 worth OF bonds, $60,OOO,OOO OF
which are 10 bear ~ per cent, and 10000.
Wv 5 per cent interest, and oil To pay up TO 6
per cent II the earnings warrant It, These
bonds are 10 be substituted lJF the bonds NJ
ready In existenCB and other Indebtedness,
and with them 10 to DO given $1,000 bonds
WllCu WOulu IAlat lnt Chpllhl btuCA run t91I-
OOO,OO0 10 $50,GOO,OOO. Tbs total capital Of
the concern under this arrangement would be
$50, 1000, 0Oo ia stock and something over $780,.
90 1000 In bonds, Os the proposed issue Of
bonds would not DO large enough 10 cover all
the present. bonds and the Indebtedness. The
rise In Jersey Central was partly In sympathy,
but was chiefly due to heavy purchases by Ia.
on the earnings and the prospects Uf The
road being taken out Of the hands Of the re.
The Krpress says also: 1.-THE prospects Of
the Import Of gold from Europe Is now being
discussed In dnaOcial cirCleS. II has
been stated for some days that Gl0O,0OO had
been shipped from LOnGon To q prominent
foreign banking institution here, but we be.
lisvs that no official notification OF any such
shipment has yet been received. Very few
cotton bills are Offering for future delivery,
but when these come on the market mora
freely or even q slight increase In our exports
Of produce and securities, bankers sterling
would take another drop, and then this years
influx Of gold would begin the movement,
which does not seem can he much longer de.
lAyed. The "OuG" 10 IS from Chicago to Bcs
ton by the Grand Trunk line d d not depress
values, for the reason that this movement
was looked upon as likely To hasten a settle.
ment."