Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-08-14

GovERNMESTs-Lowerf for As and rs.
E r,Hss
Fours and-a-hAh coupons.
Fours coupons
Pacific SKIES OF 1875.
RAILROAD BoNDs-A fraction better for
some issues.
STATE SECURTTIEs-Dul.
SrocKs-The market opened very ner-
yous and from 4 10 IA per cent. lower
than the closing prices Of Saturday. There
was immediate and active selling by
good many holders of long stock, as well as
by bears, and in the first thirty.tiye min
utes there was further decline, ranging
from q TO 81 per cent, the latter on
Omaha common to SIX. For the
next fifteen minutes there was
frmer feeling and there was an upward
reaction of q to ~, the latter Western
Union tor. Part or this recovery, z to
q per cent. latter on Jersey Central and
Oregon and Trans Continental, however,
Was lost in the next 20 minutes, though
the market remained comparatively STEADY
at ~ 30 O'Clock, and some stocks were run
up 70 the opening prices OF the day, viz:
Lackawanna, Western Union, st. Paul,
Reading, New York Central, Missouri Pa
cific, Gambia Pacific, and Denver. THESE
stocks were lower than the opening prices
and all stocks on the list were below clos
ing prices OF Saturday. The TRANSACTIONS
during the first hour ana
half aggregated 100000 shares. Alter
II 80 savsge attack was made on the mar
ket, The force of which was directed against
Oregon Trans Continental which was stead
iIv hammered by sales of about 1900
shares from CA at 1870 down to 80 at
about /: 80; but from which 1t rapidly
reacted by two o'clock to 81. Outside OF
this stock the decline in the hour to l:SO
was q to 81 per cent, the latter Central
Pacific TO 62k, Richmond and Danvllle 31s
10 63, Northern Pacific preferred per cent
ana ST. Paul TO 9S7s and Ia on Oregon and
Trans Continental. Between 2:3O and 2;4O
there was q recovery of q to per cent.
the latter on Northwestern to III, but this
recovery was lost before the close, which,
however, was frmer. In the final dealings
Denver sold at 81, 29R and 3O%, LAKE
Shore and New York Central were almost
the only stocks that were very trim at the
close, Manitoba was very weak and declined
from 1914 to 1855, the last price being
i06. The suspension OF the commission
and stock brokerage house Of Cecil, Ward "
Co. was announced on Stock Exchange
about $50 o'clock. A member of the firm
sIates liabilities between $4,000 and SlO,-
Geo.
From the Evening Post: The furry in
the stock market which has now been III
progress for three days, was unquestiona-
bly, brought about mainly by the efforts on
the part of interested parties to create
alarm about the general situation. Rail
rosd finances and failures of mercantile
houses and banks in various parts OF the
country had undoubtedly increased the
feeling of dlStrust that has been prevalent
COZ three months, and these circumstances
would probably have caused gradual de.
cline in the prices of stocks anyhow, but
the rumors referred TO have precipitated
he decline. The following letter, received
this morning from MIR. Willard, President
of the Northern Pacific, explains itself
To Editor Evening POST
Slr-Permit me to correct at the earliest
possible moment through your columns an
sEOminable falsehood which appeared in
AZ srtiCle, The Financial World" in yes
tsItay issue of the New York Times re-
garding myself personally and companies
represent. The article alleges that 1t Is
stated on good authority the Willard syndl'
cate have bought up no less than a hmm
1red thousand shares Oregon and Trans
Continental and Northern Pacific during
the past three months in an effort to
sustain prices; and it alleges further
that in doing this business OF sustaining,
they have had to borrow. 1t is stated that
81 900 600 of exchange from one big house
and SO, 0OO, 900 from another. deny these
statements as wholly false. None of the
companies represented by me, or any syn.
dictate in which | am interested, or myself
personally have bought a single share OF
any of our stocks to sustain the market
price, nor has there been single
dollar corroned in sterling mark or
in any other way for alleged purposes
bv any of our corporations or any syndi.
cate in which am interested or By myself
personally, l improve this opportunity
also to correct another falsehood which has
been circulated through the press for some
time past to the effect that the Oregon and
Trans Continental Company has recently
been selling Treasury stock, the company
has not sold single share of stock within
the past months, during which time ITS
capital has remained at HlO,UD1,UjJ undlS.
turbed. 1t should be understood. however,
that the Company mas never bought any
of its own stock nor will it do SO as long a.
the present board OF management controls
its policy. ReSPy,,