Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-11-22
FINANCE AND TRADE.
Money 7a2O Per Cent.-Govern uents
Weak and LOWer-Stoeks weak and
Lower-FIourSt steady and Unchanged
Wheat QuIet and Easier.

GovERNMENrs-Weak and generally 80
a per cent lower, latter for AIS coupons.
Threes extended l2
ives 1000,
Pacific Skies OF 1895.
RAILROAD BoSDs-Moderately active but
weak.
STATE SECURITIEs-Neglected.
SrocKs-Speculation on Stock Exchange
to-day regular, but in the main weak and
values consequently lower than at yester-
days close. Market opened weak and 80
IL per cent. lower than yesterdays closing,
the latter ST. Paul preferred. Imme-
mediately after opening, there was frac.
tional recovery, succeeded by reaction OF
1@l per cent, Oregon Transcontinental,
Delaware Lackawanns and Western
leading therein. The market then
o'clock advanced 1I@iHc, in which
Reading, st, Paul, Minneapolis and Mani
toba, Delaware, Lsckawanna and Western,
Rock Island and New Jersey Central were
most conspicuous. After this the market,
still very active, was irregular, but in
main weak, and between and prices fell
off I(93c, st. Paul, Minneapolis and Mani
toba, Wabash preferred, Chicago, Burling-
ton and Quincy, Northern Pacific, Reading
and Western Union being most prominent
in the downturn, and about 2 there was
a general rally of H@12Sc, latter Wabash
preferred, but the market again became
very weak, and in late trade decline
ranging from to per cent took place,
latter ST. Paul, Minnesota and Manitoba
to 1873, under Bloomington and Western,
which fell off per cent, Denver and Rio
Grande Az, and Kansas 22s, were also
prominent in the downward movement.
Subsequently st. Paul, Minnesota and
Manitoba recovered 2, Colorado Coal ~,
and the general list H@l per cent, but at
the close the market was feyerish and ir-
regular; closing price was decline on the
davis transactions of H(97 per cent, Rich
mSpd and Dantille, Indiana, Bloomington
and Western, st. Paul, Minnesota and Mani
toba, Denver and Rio Rrande and Colorado
Coal being most conspicuous therein.
Shortly before the close round amounts OF
leading shares were pressed for sale both
for long and short accounts. The depres-
sion in the last hour is attributed in part
also to the following notice, which ex-
plains itself:
10 the President OF the New York Stock
Dear Sir:-The annual thirty days no.
tice is hereby given of the issue Of 3S4, 900
shares of Denver and Rio Grande Railway
Company of 800 each, amounting TO $685.
400, 600, to provide means for completing
and finishing as much of the company's
lines as possible, including the division to
T'tah. together with the mileage heretofore
completed, will make 1900 miles OF hn-
ished road, and to discharge certain oollga'
tiops incurred on account thereof, and for
other lawful purposes.
Respectfully,
Sec'y ID. & Z. G. Ry.
The Board of Directors in a notice to the
stockholders says in a special report OF an
nary 9th, il was announced that the policy
of the company under any circumstances
will be, in view of the changed atmosphere,
10 proceed circumspectly and to avoid q
floating debt. While, therefore, the pledge
in regard to the floating debt has been sub
stantially carried out to the present time,
the company finds itself unable to finish
M without breaking upon the policy which
was set up last January, as the one most
advisable to adhere to under any
circumstances. The Board OF Direc'
tors consequently, at meeting to-
day. in order to avoid this alternative
have deemed it best TO increase it from
30 Ole 600 to $S3. 900, OO0 being an addition
of az $40 600. The Board is satisfied this
will enable 800 miles of the road, includ
ing the extension TO Utah, to be completed
and paid for and leave the company with
the new trunk line open for business early
in the new year, aud its net earnings free
from calls for construction, whose cost l;
always uncertain while pending and
which, so far as Denver and Rio Grande II
concerned, will practically cease mex
month, as ascertaiDed. 25,OOO shares o.
Northern Pacific preferred were registered
Yesterday in the name of Morgan & Co.
II 900 shares