The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-12-15
FINANCIAL AFFAIRS.
wall street NSWs-GosSIp About Stocks
and BOndl.

NEW YORK, December lA-lt Is statet
in well.informed circles that W. H. Wander
bilt Is about to retire from the active man
agement Of his properties, leaving tht
practical administration in the hands o
Rutler and Cornelius Vanderbilt
A conference was held at the Wind
sor Hotel yesterday afternoon between
Blanchard and Jarrett, Of the Erie road
Mccullough, Of the Pennsylvania com
panyl Stewart, OF the Fort Wayne road
and Others, at which contract was made
between the Erie and Pennsylvania com
panies for the diversion Of freight from the
Lake Shore to the Pennsylvania lines. II
is generally thought that this action, indi.
Gates q close alliance between Erie and
Pennsylvania, and would have depressing
effect upon Lake Shore, It reported that
the contract gives Erie special facilities for
reaching the principal cities connected by
the Pennsylvania,
1t Is stated that the St. Paul road will earn
q little over $l7, 900, 900 gross this year.
Bull pools are forming to commence op.
erations the end oil the year In Louisville 4
Nashville, Chesapeake 4 Ohio, Nashville &
Chattanooga, Ohio & Mississippi and
Northwestern.
A good home demand for Tennessee
bonds Is reported. .,
There Is an improved foreign demand for
Central Pacific, Erie and St Louis & San
Francisco common,
Cleveland, Columbus 4 Illinois Central
income bond holders met Monday TO
choose 0 committee 10 see what terms can
be made with the Pennsylvania Company
for funding the principal and interest Of
the income bonds.
The effort To harmonize the trunk lines
In the advance on West bound freight has
failed,
At the quarterly meeting to-day, the
Executive Committee Of the Western
Union Telegraph Company declared a
dividend Of II per cent payable on the
10th Of January next, The quarterly report
shows net revenues for the quarter ending
December 3lst instant based upon returns
for October, nearly complete returns for
and estimating business for
December, will be about s., ,0l0, ,527 q, Add
surplus Of October l, 1929, ,759 VI, $780,.
2S7 IS; total expenses, $4,000, leaves q
balance OF &,2l3,2S7 IS, It requires for
payment OF per cent on the capital stock
B ,200, 900, deductlng which leaves sur.
plus, after paying dividend, Of $l,0l9,-
2S7 49,
Considerable difference OF opinion exists
as TO the effect upon the money market Of
the redemption Of $5,0O0,0O0 OF Govern.
ment bonds weekly without rebate. Some
OF the ablest bankers think money will
work much easier, while others equal in
look for q feyerish market
throughout the month. The latter class
base their opinion upon the belief that the
will not materially exceed
the Treasury receipts,
High rates are said To be causing Consid.
erable influx Of money, and greater ease Is
looked for on Wall street before long.
Chesapeake and Ohio first preferred
stock Is said 10 have tallen into the hands
Of parties who intend 70 make II active and
popular. An improvement 10 all the secu.
rifles Of this company is not considered I'M.
probable.
Suit in brought Is New York against the
Mutual Union Telegraph Company by q
stockholder who complains that the com.
pany disposed Of its stock to the Construc.
tion Company for less than It's market
price.