Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-01-11

oar silver here Ill; subsidiary silver
coin s(Gl per cent. discount.
GovERNaENTs-Strong and higher.
U. 8. Coupons (lssl) .lOls
SeN riNes'...;..
New
a ui 81
FaCluc olxts Ol
RAILROAD BoNps-Lehigh and Wilkes
barre income advanced to SO from IS;
Minneapolis and st. Louis firsts to ll3
from ll0; G. g. & /. G. flrsts to Ill from
1921; Boston, Hartford and Erie firsts
to 90 from 81: Rome, Watertown and
Ogdensburg firsts to S3A from 8lt; Kan
sas and Texas seconds to 7Sl from II,
and International and Great Northern
firsts to 1914 nom l07; Peoria, Decatur
and Evansville income declined to 73t
from 75; Mobile and Ohio seconds de-
cined to 81 from 81, and Burlington and
Quincy sevens to 1913 from l29.
STATE BoNDs-Dull.
SToCKs-The stock market opened
strong, and under heavy purchases, the
entire list rose sharply, the upward
movement continuing without any i'm.
portant interruption till after the second
board, when the improvement in prices
ranged from 3@7i per cent, telegraph
shares being the most prominent there
in, American Union selling up TO u
per cent, Western Union 81, and At
lantic and Pacific 3! per cent. st. Louis
and San Francisco preferred rose 81 per
cent, Canada Southern Al, Pacific Mail
81 and Reading 3 per cent. In the late
dealings the sales to realize profits
caused reaction OF I@ll per cent, the
latter in Northwestern preferred. The
Graphic says: The books OF the Hanni-
bal and st. Joseph Railroad Company
close to-day for the payment OF
the semi-annual dividend on
preferred stock. After paying the two
dividends on the preferred stock a sur
plus Of 100000 on the operations for
the year 1881 will remain. The man
agement have now decided to adopt the
plan that was hinted at in the last an.
debt, and necessary legal preliminaries
are in process OF being taken. A con-
solidated mortgage OF $4,000, 900 SIX per
cent. is proposed on the 300 miles OF
road owned by the company, which will
finally reduce the first charges Sl74,000
below those now paid. The value OF the
land and notes revefting TO the company
after paving off the balance OF the land
grants, is estimated as follows: Land
notes TO be returned by the Trust Com.
pany, after paying off the remainder OF
the debts, $1,000, 900; estimated value of
S5,0000 700 acres OF free land, 5000 600;
outlying lands, $4,000. Total land as.
sets. S2,675,00O. These assets will soon
return u the company, and their income
will be applicable to dividends, so that,
wits the fixed charges reduced, $l75,000
az a permanent dividend is assured on
s. 600, ,00) OF preferred stock. Without
this income, the road has earned
dividends for preferred stock, and
carried over besides a surplus OF
about 100000 In the past two years
the main line between Quincy and Kan
sas City, 226 miles, has been Telaid with
steel rails, all excepting twelve miles,
and floating debt OF IS ,0O0, 900 has been
paid off. The equipment has been
brought into FIRST class condition. The
bonded debt has been reduced by the
cancellation OF s67, 900 OF the bonds due
February ], 1879, of the $4,000. The
land grant bonds issued for $3.50, 900 has
been retired by the land department.
The receipts, after paying all the interest
due January lst, the Hannibal company
starts the year with $3.50, 900 in .
bank in this city, and with
a heavy increasing business The
above statement is official. The Bur-
lington and Quincy people in Boston
are credited as being buyers ofSt. Joseph
preferred from 80 up 10 the present
figures. The shorts in the Western Un-
ion have been terribly twisted by the
last rise in the stock The losses OF a
prominent operator, who is an intimate
friend OF Vanderbilt, is estimated at
$500, 600. a relative OF the latter lost
$50, COO, and broad street broker lost
about the same amount. A prominent
New street operator lost $50 900, and a
former partner OF Gould dropped
about $4,000 in the deal.
II is stated Gay Gould, Gen,
eral Palmer and DR.. Norvin Green
of the Western Union Telegraph Com
pany, held a private conference on
| telegraphic matters late Saturday after.
noon. Ii is rumored that the way was
paved for peace il not for pooling OF the
earnings OF the amalgamated or con-
solidation Of companys. The Comuar.
cial SAYS "Three OF the great spectators
OF the street, who are supposed to have
no interest or communication in com.
mon. are credited with making the grea,
ball turn of 20 per cent in
the Western Telegraph Company.
We mean Vanderbilt, Keene and
Gould. The Simultaneous great rise in
the Western Union and American Union
Telegraph, induce the suspicion that the
rival operators understand each other,
and an ultimate consolidation or combi'
nation OF interest is almost sure 10 oc'
| cur at no very distant day"
A special from London this afternoon,
states that the Northern Pacific loan ID
at 2 per cent. premium bid, and that
the aIlctments were made on basis oi
20 per cent.
From the Graphic: "A French syndi.
cate are yet negotiating for a block ol
one hundred thousand sha,es of Wabash
preferred stock, and Judge Parsons u
| in Paris conducting the operation.
IL Is rumoTed that prominent y
street operators will, this week, ml
the cotton market, which in 70 hdKS
| nipulated TO, higher prices& -
The gross earnings OF 81 -
crease $3S, S,00JO00 for. ~