Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-01-15
BUYING AND SELLING.
GENERAL MARKETS BY TELEGRAPH.
Money Easy At S to 6 Per csat-6svsn-
ments Steady-Stoeks Strong and
Advanced Flour Generally
Quiet - Wheat Steady
-hegs Dull.
YIHANCR
New York.

cent. Sterling exchange, bankerS' bills
strong at iSSI: demand 1891. Dry
goods imports Tor the week s., ,Sl5. 900.
SILvER-At London slid per ounce;
bar silver hero Ill; Subsidiary silver
coin 3al per cent. discount
GovRRSxxNrs-Stead for Sc and -
and ! per cent. lower for Is and 40.
Y. g. Coupons
New four-snd one hal my
New
Pacific SKIES OF ~
RAILRoAD BoSDs-1ks feature
in railroad bonds were Iron
Mountain income of which hrst
preferred advanced 9i per cent. to 93
and later declined to 96i, and seconds
preferred 3 per cent 10 s73 and later
falling TO 50. Ohio and Mississippi SEC
onds seems to have advanced to l2S from
l2l. c &. & !. &. consols TO l20 from
III; Rome. Watertown and Ogdens-
burg frsts SCI from SSj; Milwaukee
and st. Paul tirsts Il. 4 ID. Division ex-
tension) 10 l2it from 1924; kansas aud
Texas seconds to ~ from "a; Q. q. K l.
T.. income TO 73i from ut; Erie Sec
onds new consolidated 10 l0lt from
1901, and Wilkes consols assented 10
100 from 1914.
STATE BoSDs-Dull.
SroCKs-The Stock market opened
strong and in the early dealings prices
advanced tCal! per cent, bot subss.
quently declined t(S2i per cent, tele-
graph shares showing the most depres-
sion. At the first board speculation as.
sumed q strong tone aud the railroad
list advanced sharply durng the after.
noon. the Improvement ranging from !
Gl3i per cent, the latter In Canada
southern, heavy purchases Of which
were made on the report that that road
is To be lease 10 the New York Central
and its stock guaranteed at 9per cent.
annual dividends. The story Of tho
lease ia improbable on its face. ~ the
Canada Southern ID q foreign cor
poraiion. Tho rumor may have
grown out of the fact
that new traffic arrangement has just
been made between the roads which 10
more favorable for the Canada Southern
than the old contract. Reading rose 81
per cent, -. Paul 81 Union Pacific y,
Iron Mountain y. and Delaware AMI
Hudson . per cent. In the late dealings
realizing sales caused reaction OF 10
y per cent. the latter in Canada South
ern, which was subs, Iucntly partially
recovered. The telegraph shares ~ers
fevcrlsh in the afternoon. and closed at
decline Of 2! to 81 per cent from the
highest point on the reports of some
hitch in the negotiations.
The Ep,cs, referring 10 these rumors,
says: There are undoubtedly among
the details to be arranged some import.
ant questions, such rs valuation of as-
sets, outstanding contracts of one oi tho
companies and other things which will
require moro ar lcss consideration and
discussion before their final nal ustment.
The old maxim that history repeats
itself will be again exempliiied In ths
shape Of bitches" in this consolidation
business. or at lesst street rumors Of
such triiiing impcdiments. TIE TACT oi
IN. matter is that the grandness and
magnitude Oi the tch.ue affords such q
wide field Tor intermediate iluctuation
and the process 10 called Of milking
the street" rendered by il 20 feasible. 10
In hardly ~ be expected that th. matter
will bc arranged with that haste which
the public now on the "bull' side oi tho
telegraph speculation naturally desire.
The Graphic says: The buying oi
Union Pacinc 10 confident aud strong.
Wabash shows strong and steady buy
ing, and - Paul appears to have
thoroughly frightened the short intcrrtt.
Hannibal and ~. Joseph is being bongLt
for n consi Irrable Iisr. and Eri. ron-
tInurs 10 be we'll ,upp' ricd. Inle,s all
signs fail, all these stocks are bornd 10
advance 10 higher figures Tb.'r In
considerable b-li-i in another upssrd
movement in Er - common this w.ek.
and il is e aimed that Gould IN in ID
the talk is B. 10 is reportei tba. tic
Wabash Pacific railroad company
has Jus, concluded an important
freight contract with the Erie roaI for Q
term Of years. The Erie Company IL 10
have the benefit ~ all the Wabash trsnT
over the Great Western railroad of Can.
ada There has been laig: buying ~
Wabash common ia this market will n
q shor. time pat Tor fr. i'm mcO in,..
IL in said Pine street tanker bought
5 900 shares, yestcr'isy, Tor LONDON. and
q prominent German. American banker
has been buying largely Tor Europe for
ten days past Mr.. Gould IL said 30
have bought 10000 shares OF Wabash,
yesterday. Dispatches we're receiver
to-day that . stringent bill had been in
troduce1 In Minnesota against railroads.
IL has bes n known for some timo
that such bill would he brought Tor
sard, and those cognizant OF the facts
soli grsngers freely, expecting TO buy
At lower figures on the PRODUCTION al
tho measure. They are the sams par.
ties Who depressed wheat last year by Q
hr1ve tale. The general expression
among The representatives. OF the wsst.
ern rpads here il that the companies sre
disposed 10 be as favorable 10 the farm.
rrs AZ their obligations - the stok and
bondho 'ders will allow. The dispatches
had no material elect on the granger
shares. The &. Il %. railroad gaissd
&39, 900 in December and S723, 600 Tor the
year lss0. TIE es n ngs Tor 1880 were
'eny.h iIom the operations Of the saa,s
numts oi miles Of road snJ from the
same sources Of traffic 40 i'm 1879, and
exhibits mainly an increase in the local
business Of the road In the transports.
ton Of coal iron ore, manufactured
iron, lumber and other products Of the
region traversei by the road. The Iron
Mountain earnings increased 81 500 the
6rA week OF January, Houston and Ter.
incre iss d 5000 aud the Kansas and
Tex,s 5000 for the same time. Tho
traffic Of the Indiana, Bloomington spd
Western decreased 81 400 for December.
The trsBracfions on the Stock Rx.
change aggregated 56s.000 shares, Of
which 5,m0 were a. 4 p. Telegraph,
500 A. L. Telegraph, 1000 @. G. G. a
I, 5000 {. &. x !. G., 5000 Canada
southern, 1900 Cenirsl Pacific, 1900
Delaware, Lackawanna and Western.
10000 Delaware and Hudson, IS. 900 Erie.
10000 j. Joe, IA, ,OO0 Iron Mountain, &c.
900 Kanaas and Texzs, 5000 Lake Shore
1900 lake Erie and Western, 1000
Louisville and Nashville. 10 Michigan
Central. zl.000 Northwestern, 20
Nashvills and NraitanooSn, 500
NeV ysrpy> okhtraj, u 900 New York
NY7.So0 northern Psci6e, 1900
II UWOIKa A RuSo