The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-06-06

NV YoRK, June 4-AoHEY-ARrEet easy
at 9KaSK per cent Prime mercantile paPel
aa4 per cent, STIRLING exchange banken
bills steady at 81 sSK, demand 81 s5h.
G-oyERNMEST BoHps- Unchanged, excepi
fyes, registered, which rose 4 percent
Unsiod statsa q Of lSSl, eOuPOHA.,.,.-...----.'''-l0Os
HGE Five, e0upotS-. ''''''''''''---"
New -Four and hAls, epuPonA',,..---'''-.-..'''-iiS
HGU RouFL, eouponl-
Paddle g Of 1885. ----....''-''---''' ''''''' .'"-'-'''"-"
RA1LRoAD BoKDs-FAirly active but irregu.
lar. Boston, Hartford 4 Erie tirsts advanced
10 s5H from IS, then declined 70 ssh O. o
l&L.C. income declined to 76H from IN,
Kansas & Texas seconds TO SIX from So, Iron
Mountain seconds advanced " NIX from
lis, Union Pacific ints to ll9 from lis, ludt.
ana, Bloomington & Western seconds to ~
from 81, Ohio Central income to 669S from
c., and Northern Pacific Rnts To 1854 from
los.
LouiaIaua CcnsSll... t6l Virginia Gl.....--.. 70
Missouri GL-..-..-.,,,-ll Virginia cOnSOls, tE-
St. JoaSPh.....,--...-'lll mAluIed e0aP0es"' 90
Ie1ne1eo " -,-''..'-' " UelaIea'''"''+'--''''''' an
Do aW....'...,'.-r''.... E4Sl
sTuCKs-The market opened generally firm
and prices advanced kRlk per cent New
jersey Central and Union Pacific being the
most prominent in the rise. This was
quickly followed by y decline OF ka2H per
cent, which was most marked In Canada
Southern, st. Louis 4 San Francisco preferred,
New jersey Central, Pacific Mail, the Granger
shares aud Central Pacific,
After midday there was q recovery OF u 70
| per cent, but during the afternoon sPeculE.
ton was unsettled, with q downward ten
dency TO prices, and In the late dealings the
general list fu~rthsRdeclined 4 TO IL per cent
In the final sales, however, q trmer tone pre-.
vailed, and the market closed at q recovery Of
"a to ! per cent, while Denver 4 Rio Grande
sold up 2 per cent from the lowest point
The street, This atterno! II, was flooded with
rumors ab0ut cutting rates by frank lines. led
by Vanderbilt; about q short winter wheat
crop; damage " spring wheat, and q reduced
acrsSgs, &C., &c, These rumors, together with
the untAyorable bank statement, Influenced
the prices OF stocks,
Tie Graphic says that trouble has for some
time been brewing among the railroads, 1t
Is said that the Erie road In particular has
been taking freight ut varying rates, and 1t
has had its agents out In the West seeking
business ut such rates as Wonld secure EreightS,
The result OF this has been that a large portion
OF the business has been diverted from the
NewYork Central lines, and that the Erie ele-
yatOr has been running full, while the Van
derbilt elevator on North River has been
empty. 1t is affirmed that Vanderbilt on be-
ing made acquainted with this state Of affairs
addressed an oGlCial. letter to the Erie people,
notifying them that hencefOrth the roads un-
der his control would compete for business
without regard to the pool agreement. There
have been accompanying runners To the effect
that the Wabash system was 70 be attacked,
and that the Baltimore and Ohio was to be
punished for It's alleged misdolnRs,
Chas ", Smith, the new general manager OF
the Chesapeake & Ohio road, has been making
q very thorough examination Of the property
and country. said a banker to-day: His re-
port is very encouraging. He says that II the
company will supply him with the needed
equipment he eau readily develops 4 local
business on which he can pay . per cent on all
bonds and all stock OF the road. He has just
made q contract with parties who are erect
log an immense number OF CoRe ovens to sup
ply them with material. Asgreat many In.
dustries are s~pringlng up, aud the policy Of
the rOad Is 10 develop them to the utmost. |
expect 10 see that road d dividend pay ing
concern at no distant day.
Transactions S66, 600 shares.