Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-03-04

coin t(9l per cent. discount
Governments Strong aud advanced
To on the veto oI the funding bill. new
Is showing the CREATES, improvement.
Y. :. Coupons
New
New foursnd one
New ,.....s..-llA's
Psclfc SNes OF i'so.....,....... ..............l.
RAILROAD BoNps-ln the railroad bond
market Boston, Hartford and Erie trsts
advanced 10 IS from a., Ohio Central
income 10 63i irom e., Erie 81 Nonds new
consolidated 10 100 from aSi, Texas AMI
Pacific income lsnl grant IS t. NJ from
II. G, { 4 |. {. income 10 ~, from hS.
Indiana. Bloomington and Western IN.
come fell to 81 from -. aud .hen al.
vanced Ia ~. Kansas and Pacific first
cousols advanced To l0i from l0j. ani
Kansas and Texas second consols Ia ~,
from sli Jersey Central income de.
cllned To l0l from l0i, aud recovered
io l02.
SrArE BoNps bull.
Sro,Hs-The market opened weak AMI
prices declined to . per cent, hut spec.
uIation soon became strong and sharp
advance in prices Vas recorded. The
news oi the veto ui the iunding hill
caused u slight reaction. hut the drprcs.
SION WAS of very briei duration, AMI the
upward movement in prices Was speed.
Iy resumed. Speculation continued
Strong throughout the afternoon, the
highest prices oi the day being reached
after the second board, when the IN.
proyrmrnt from the lowest point
II the morning ranged from
{" =, ucr cent, the latter Western
Union, which was bought freely.
ON report that the Company 'srlghi Ia
',.ur its certificates II indebtedness iur
- per cent increase in its capital stock
Vas admitted by the Court that hal
.rLutrd the injunction against the con
.olihiiion. subsequently reaction "i
Ia per cent. ensu.d. the latter West
rrn lniun. hut IN final dealings ia.
market again became strong, and pTIcrs
almost fully recovered.
The Assistant Treasurer to-day rc-
ccivrd s6A0o0 10 retire National bank
circulation, AMI bought sli ,5OOin bonds.
Denver and Rio Grande railroad
earnings for the fourth week ia fchfu.
uy were 81 1862, against S39,Nj Tor the
same week 81 the previous year. til.
total earnings Tor February were t3l...
G-I, against sl?S .3?l Tor tie same time
at year
The Goph" says Not n few people
cam" dosn thus morning expecting Ia
sell siocks and reap profit on the PASS
age oi the iuniing bill. From the very
"uruIng. h0srN"r, there wrTe orders To-
take all offerings. and instead -! a weak
ness, there WAS strong tone. which de-
yrlupcd hunysnry, when nj the end Oi
the first hall hour ih" news came that
the veto oi the funding hIll hal been
written out, and Just here one oi tie IN
consI,'rncIrs that characterized ih"
couTs" nf speculation manliested lIkrli.
Those Who hal bought IN the hop" "l
the Ia-sug" ~ the funding bill as
measure Il inns,i"n. b.gan Ia buy un
yetoIng TIE shorts took alarm, ani
were driven Ia cover 10y th" manIpula.
tions of the -, orator, Who, yc- tsfday
aud the day before, MAS the principal
bnycr 81 st~k,
Ia" I'yo.s' says IT,. funding " !
WAS thr."lvDt, which ever, thing ~
inarc al c.irlcs TUNED At the very
opening oi business IN ~ Vas tlrnrI
feeling on the Stock Exchange and
prices were lower on the tear that III.
banks might ayaln post larg.
smorn's Ia r. ire cT circulation
p"nIInE act on ~ the President Iu
r,ga;d IT, the bill. Tbs feeling hOs
ever. WAS IL only short duration, and
M a very few moments the tone 81 all
the markets changed from depression
to buoyancy. The veto ~ the iu2lIns
b,.l MAS accepted by the spectators ~
removing any further caur. Oi agitation.
no,w outstanding th" isct that many "i
them wanted th" iruilDg bill a. al ~.
,entiye to higher stock values ia a."
future.
Tia. C,mm, D,Gi BuLfE, IN a financial
article, say- The day opened at the
stock ENrhang. on the news that a."
rrfunding bill hal paused the iipus" ~
IT,. sam" form A. Il came from tlr N"u.
ate, which made LtDcss weak. Then
the meas came that the Treasury viii
huy ut supposed a. IA" ma'k"t pricrsl
live million dollars pi AMI ~ per cent.
bonds next "Wednesday. Tbs strength.
-n.d the market, IA dId III. lat" n.s-
that the President had vtJrd the ~.
lunIlng bill. Later in Tia. day the drp.
.lon 81 JuIge BIaichlDrd, hc refusing t.
grant an Injunction ~ RESTRAIN th"Nr-t-
efn I'nlon Telegraph consolidation ani
the report g. n, Judge SedgsIck bal -
lar mplili.d the injunction grAn'rj -
ham that T. per cent ~ th" scrip dc.
clared a dividend 30 ~. " I lri'
yraph shareholders cot III lc issued
yay. great strength ~ IT,. telegraph
stD1Ls, and ia" Tcsuit Vas general re-"
n the stock market ra1xnx from
10 - p.r cent. ;Jr lcaiirg stp'ss I'M
tel states lOnIs advanced from 90
per cent, the Ia't-r on Ter rnt. pu
the ,Ip'C'eI drmand FROM the hsnss.
which have given up the r noe cifcula.
ton and shicb they nov want - tsk"
out again.
The money market vas easy With n
lev lpAn. al commission in sbdi-
ton 10 u per cert. but . per '"ni VAS
the iull rat. most 81 the day and IN the
la.t hour the rate i,il 10 3lpI per cent
10 stock brokers III. 1fes,ury ia ih.
ia., t-n dAys hAs taken sbJut SiS.UDJ-
| 90 in lssiul money placed 'hsr. by the
uank, giving up ~. l. mote oi circ . auDn.
| IL has pad ont, tor bond. bought. abDu,
xOUUO 30 u retains about sI2-
IO.OyJ, which has been taken
| from hank res.Fy+.. This money,
! II il remain, 10 the Treasury, siil cause
q stringent loan msrsst, aud tb. qn-.-
| iInn 10 boa 10 .>t t out. A report s1
ur NJ TIA, IL. S,ci.t,ry would return
10 the banks shich bad given Up ih.rf
circulation the lasiul money which
they hal d.psitsd 10 redeem their
notes. Later II ~zs officially announced
that he will return the Greenbacks to
those banks wUich nisy have Deposited
them. provided the bonds which s--
cured their circulation still remain ON
drposi, anil none of the circulation Of
the bank has been re1eemed from
the d.pp-i, IT, declines, howeyer,
g. surrender greenbseks on the rede.
posit Of bonds. II i've per cent bombs
are again dero.It~d. nsw certificates
must be issued II the money cannot
be got back into to, hanks In this vay