The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-01-04

United stAtN d Of lSsl, eOuPOnI.-...-...,.-',-.-,,--
New Eyel eoupon .,...,.-- ,...'-s-'''''''" i1i
hOW -Four and z hAIa t0upoaA.'..',''.'.'.'--'.-'' LILY
Nov tours eouP9nl' '''.'''' ''""r'--'-' ''''r''--i! liza
tlethe 70 OF ''''''-''''''- -lsu
RAILROAD Boaps--The Boston. Hartford &
Erie irsts advanced TO 81 from SIX, and later
declined toss; Louisville & Nashville general
mortgage skies advanced TO l05 from l0S, and
then declined TO lOI; Minneapolis q st, Louis
iowa DiyisiOn) tirsts advanced TO l09 from
los; Chesapeake L. Ohio currency skies ad'
ysnced TO b2 from 81; Cincinnati, Columbus
4 Indiana Central Transportation certificates,
ass .nted supplementary declined X per cent
to 1851, and later recovered TO lO1, and Kan
sas & Texas seconds declined TO 7bA from
76N, and recovered to 76k.
STATE BoSps-Dull,
Louisiana ConSOll-... HhIvLEiniA GI,.,...,...-. u
Missouri 6a-','.-',..r lOs 20 neH .'.'''"'''''''''' y
D. b14S SV... :. .,,,,,.,..-, Is ES, i IiiiST;s' .'''''''
srocxs-The market opened generally firm,
and In some cases q slight advance In prices
was recorded, but sp culatlon soon took u
downward turn, and shortly after noon p ices
had declined x to SK per cent, the trunk
limo shares leading the downward movement,
During the afternoon the market became
stronger, and under the leadership Of West
srn Union, prices advanced from "a TO 16H
per cent, Chicago, Darlington X Quincy,
Michigan c. ntral, New York Central, and
Denver Il Rio GrAnde being prominent In the
advance. In tue late dealings speculation
became weak, and under the heavy sales q
decline, ranging from u to 0 per cent, took
place, the Lake shore, New York Central,
Western Union, st, Paul, Nashville Il Chat.
tanoogl, Michigan Central, New Jersey Cen.
trail, Central Pacific and Kansas 4 Texas
heading the downward movement. In the
final sales there was q recovery OF u to ~
per cent, in some instances. The Graphic
says the market has been irr, gular, teyerish,
aud finally weak 10 the verge OF panicky,
1t u rumored that a very powerful syn0i'
cate, after selling their long stocks, have gone
shortOt the market, II is a time for caution
and for realization where there are profits,
Ultimately the market will rise to higher
figures, but II Is questionable Whether, at
present prices, stocks are a purchase. The
rise In Western Union was undoubtedly en-
gineered to sell the balance OF THO market on
The amount paid In the Clearing House by
exchanges alone since January !, 1887. Is $685.
83i, 240,b7S, and tho balances paid during the
same time amount to $780, 100000.
The largest transactions ever Gnown before
in a single year were those OF 1869, when a
third Of the exchanges probably was due 10
population In gold. Tho exchanges then
were $37, l07, O2S, 0S7, and the balance $l,l20,.
SlS, S0S. For the first time that record has
been exceeded. The largest tr' nsaCtlOns ever
made In any year through London clearing
houses were E6,0l3, 400, 900 In the years 1910,
equal to about $50, 060, 405, 900, hence the pay
ments made In the Clearing House In 1880 are
the largest ever made during any yeas In any
establisnmenton earth. The Exchanges Rtall
other cities In this country during the year
will be not far from $l2, 265, 900, 100,
One theory OF the break IN Vanderbilt pre-
MUM stocks was that the largest holders had
been selling their stocks to buy Western
Union Telegraph, but this Is only que OF
countless rum0rS, non OF which could 10
traced beyond the walls Of the Stock Exchange,
One Of the various rumorS atoat concerning
the Western Union was that the line was
about TO absorb It's rival. THIS, like the oth.r
reports, could not be verified.
The Boston people say Vanderbilt Is buying
AtClliSon stock.
II is rpmored that the Pullman Palace Car
stock will DO doubled up.
The privileges which expired on st0c' on
Friday last, the end Of the year, are estimated
TO have exceeded over l.O00, 900 shares. Most
Of them were sold by KeenO, Sage, Mills &
Kennedy,
The old bull pool in Pacific Mail have closed
out all their long stock with profits Of about
ten per cent.
There Rre now rumors Of n new bull party
In this stock. Tue subscription books for
Northern Pacific loan were opened this morn.
ing. The subscriptions exceed, tits believed,
the amount offered here. About three
%Iourths Of the Wall street brokers quote ster.
ling exchange according 10 the new plan Of
5sligman 4 Co.. and the British Bank Of
North America quote according to tue old
style. Belmont \ Co, arc also inclined 10
the latter form. The Bunk Of Montreal here
quotes both ways.
The Standard Consolidated Mining Com.
pany declared a regular dividend OF 70 cents
per share, payable january 18th.
The Commercial says the report that the
Western Union Telegraph Com any would
be compelled TO remove their wires rom the
Pennsylvania railroad does not appear 10 be
believed on Wall street. Instead Of the stock
being depressed 1t has risen to-day and very
heavy transactions have taken place. At the
office Of the Western Union Telegraph Com.
paty 1t was stated that no notice h'd becn
received to remove the wires and as the Ttle.
graph Company bad contracts with the Penn.
s~ylVania kallrdad Company It was not ! powp
how such q notice could be received. The
courts had decided that a railro d was a pub.
Ito highway, and on this decision the Anerl.
can Union Company had their wlrtsstretched
along the road III new company could oh.
tain such privlleg 8 why. cannot the one
having the right retain them. Al the Office
o. the American Union Telegraph COmpanyi 1t
was stated that no information had been re-
ceiVed except that publis he'd In the papers. 1t
would Of course be to the advantage OF the
Compsny to hive exclusive right. Tho OIL.
cia,s Of the Pe1nsylyeni' Railroad in Jersey
there which would furnish any light on tie
subject.