The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-12-19
FINANCIAL AND cOEnERCIAI.,


Il w" AuA AANa tAAAHI 49, AANN-~a
,NIWYohE, pseemhsr l5-hssEI-sss per cent
ca Per cent sterling RInhAnRa bankers BILL
steady q - Si3fi demand = SIX.
GoyI4sliESn. Weak and lower, sxsept for q
tended o, which are unchanged.
D & q, extended. lOO Lehigh 4 Wllks, ...,,-l09
.. s s. extended, ,loi Isl 2, q 81; City lilG.l9
* coupons. Paciac honds lsta- "
= cup Z. Land Granu'.lIS
PGeihu6s Of ,95- ,..,.,l2S u,P, !. I, Bopdl,..l9
EreseConds,, rex. PAS R. g. DIV. SIX
Suffered.
RAILROAD BoNps-In the railroad bond market
Denver & Rio Grapde hrIt cOnIOls declined 70 los
hom lolh; do hrst to III FROM llSHi Rome, Water,
town & OEdenshuFg hnts 10 " FINN elsS; Jerey
Cenlnl incomes TO 100 from lo2k: Texas & Pacific
land Rnlnt incomes to I1Sa74 from Isl Northwest.
ern alhklng fund O. ~ lOSJS from lU9N,
STATE sEcuArIn-Tannealesa active and lower
othen dull,
Louisiana cOnsOlR-,, 81 Virginia ss,,,..,,,.., -
ST. Jossph.,...,...,.,,~l0g tn mat, c0uponA., 1ak
Tennessee q, new" I5Isl SoiISTed.
Attic stock Exchange the market for the general
list opened y pr cent lower than a. the Gloss
10 sell prices declined u TO nc, latter Hannibal
81, Joseph, preferred; Wabash preferred and com
mon; Memphis & Charleston; Jersey Central, Louis
Vile 4 Nashville. Northern Pacific, Hannibal n ST.
tho decline. Denver 4 Rio Grande ieII on W pei
cent 10 GO, but Immediately began 10 niae, and by
noon had recovered aaS per cent In the carly
part OF The atEeTiO0n thr general market advanced
% IRlA per cent for LOuiSvila b NASHVILLE, TexGS
Pacific, 81. Paul aud Wabash Pacific leading. Deu'
yer & Rio GranG again fell OIL from "a to B79( per
In late dealings the market declined iractlonally
and closed teyerish and weak, The feature Of tho
market was the break In Denver & Rio Gmnde,
The FOhsays ~ rePn 10 the rImOH on the street
In connection with the decline have been innu.
merable, the principal ones having been that ist,
the company Itself was In trouble; second that the
Mexican National Construction Company was In
trouble, and Third, that nne or two exchange frmS
which have been identified with both these COmpa.
mics, were In trouble because the loans which they
had obtained on the Denver and Rio Gr4nde stock
had been called, As respecting the fnt, It Is dc.
MED on authority that the company Is In any
trouble, For that matter, the Denver aud Rio
Grande railroad has no Olclal connection with the
Mexican National construction Company, rs will
explained later, As TO the second fumoF, there
Is building railroad and Is calling upon FROM sub
TiIcn u It's stock cash inStRllments ~ this ktock
ha1 ALLEN t0R discount ~ the market, and aS 10
ne mini rnmor, 4 Is denied on authority OF the
h9t such Denver and Rio GnlndG stock Us they
held Is not ~ loans, but paid for with their own
money, and that the rumOrs respecting them are
Simply scandalon& 30 much for the main rumOIs
The Mexican National Construction Company
was organized 70 take over frUm the ilTm Of l4lncr
sullivan, railroad ConlTlcton, u grant which |
they hal obtained from tho Mexican Government
and to work under that grant, The company has
no connection with the Denver 4 Rio GniiIdC Com, |
pany the southern limit of whose rad Il within
low miles 81 tho southern boundary Of Colorado or
many bundled miles away from the northern end |
o. the f0n1 which IL being built by the Mexican |
NATIONAL the northern terminus VI The latter road
heing ut Laredo. OIL the boundary line OF the State
o. Texas As companies therefore, these Two are |
distinct; but The pllOllr nnd IL easily confused Un
we ,np1eCl3y me ilEt that neleml ". ]. Palmer,
who y President Oi the Denver & Rio Gnlnde, was
nuubeF the firm Of Palmer & sullivan, AMI IS |
Interested W an individual In the Mexican Nation.
~ II Is well known that tho projectors VI the |
Mexican NnliOnll are IN conflict with Jay Gould, |
who has differences also with General Palmer 10.
speeding tho grant which was oblaed by I liner 4
sullivan from the Mexican Government, II |
II also said that the Denver u Rio Grandr |
property IL wanted IN the interest Of the Union |
hci1c Us against AtrhiS ~, Topeka & Santa ~, |
hhd tho ChcIgO, Burlington & Quincy extension |
Into Denver aud II i5 not understood that GoulhE |
Interest In the UniOn lnciIC 10 now sufficient 10 In
dUCG him 10 Oprn hostilitlGs on he Denver l. Rio |
GhInde. II IL therefore IN be Inferred that there II
combination Of interests against the properties
with which Gene Palmer IL identified aud that |
these Interests have separate purposes Whether
come will be, remains TO BE- seen. 1t seems 10 be
the best oplnln that the movement IL TO get the
control OF the property; but the most interesting
pOlnt whether control Il wanted vi about these OF
t lower pflceA IL matter about which nothing Il |
SHOWN and vpinlOnS vary widely, TIE earnings Of
the Denver & Rio uande for 1881, with the lust two
We, ks estimated, t62lO,0OO; for 1880 S3,I7S,6OO |
~; earnings per mile In 1851, S7ViE 6arniuRs peF
allie In 1880 S7,84S