Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-06-25
RAILROAD BoNDs-Irfegular,

moderate volume OF business.
STAT. SECuRrriEs-Stronga and active.
SroCKs-The market opened irregular,
yet in the main higher, but IN early
dealings prices declined TO per cent.
At the first board there was an advance
Of 10 q per cent Northern Pacific
preferred, st. Paul and Western Union
leading After midday speculation be-
came fCvcrish, and during the after.
noon, when the reports OF tho Lake
Shore, Michigan Central and Canada
Southern roads were made public. n
sharp pressure 10 sell Was manifested,
resulting in n general decline, ranging
from 10 81 per cent, Trunk line
shares leading the downward movement.
In the final sales there was recovery OF
lCa, per cent Oregon rose per cent 10
lis, but closed at reaction Of "A Ter
cent. Elevated railroad shares advanc-
ed I las per cent on transactions. II
was remored this afternoon that money
had been obtained by the Manhattan
Railroad Company TO meet It's July oh.
legations on the lease OF the elevated
roads. A meeting was held to-day OF
the Subscribers 10 what is known ~ the
Blind Pool" iormel by Henry Willard
for purchase Of securities of the North
Pacific railroad company. Willard made
a report Of his expenditures OF the fs,-
0OO,C COO paid in last spring. lie stated
that he had invested this money and
about as much more lin all about $l6,.
OO0. .OC0l in the purchase Of common and
preferred stock al the Northern Pacific
railroad company. the largest part being
for preferred, and that he had accom-
plished the object which he had in view,
namely, that OF uniting the Northern
Pacific and Oregon Railroad and Navi-
CATION companies interests, 30 as 10
prevent conflict In the
Valley the Colu Lba river and
to secure to the Northern Pacific the
great advantagesoi the traffic controlled
by the Oregon Company's lines, which
now includes the railroads In Willamette
Valley and their extension 10 Califirna.
Ii 10 proposed now TO form q new CON.
pany called the Oregon Trans-Continen.
tai Company aud 10 acquire q majority
Of the stock oi the Northern Pacific and
Oregon company. Tue capital IL 10 be-
$50, ,UO0, 900, Of which the proportion rep
resented by the purchases already made
as above mentioned shall be immedi.
ately issued, and the remainder from
time 10 time m required for additional
purchases. The Delaware, L.ackawsnna
aud Western Railroad Company adheres
TO the dividends nj the rate OF per cent
per annum, although there ~ authority
Tor the statement that the earnings are
much larger, being over per cent In
May. The largest owners of the stock
are directors, who are conservative
managers.
The transactions aggregated $4,000
shares, distributed ss follows: Canada
Southern u 900. Central Pacific 900.
g., q. d I.C. 1900, Delaware, lscka
wanna and Western II, 800, Denver and
Rio Grande 5000, Erie 1900. Hannibal
and ~. Joe 600. Kansas and Texas
5000, Lake Shore $500, lake Erie and
Western 200, Michigan Central 5000.
Manhattan Elevated I 800. Memphis and
Charleston $4,000. Missouri Pacific z, 400.
North western 5000, New Jersey Gem
tral s, 500, New York Central 800, North.
ern Pacific 5000, Ontario and Western
LOO, Ohio Central 5000. Pacific Mail
800, Peoria, Decatur and Evansville
1900, Reading 100. ~. Paul 1900. H.
Paul and Omaha 400, Texas Pacific
1000, Union Pacifc.l 100. Wabash Pa.
ciHc 9,GOO, Western Union 5000. Mo.
bile and Ohio $500, NJ tropolitan Ele.
waited 800 and quicksilver 800.