Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-10-05
FINANCE AND TRADE.
Money 1t 2a3 Per Cent.-GOvernments
HigherstOcks Lower Flour Steady
and InchanRed-Mh heat Lower.


HigherstOcks Lower Flour Steady
and Anged-N heat Lower.
NEW YORK, October 4.-Money-At "a
per cent; closed at per cent. Prime
mercantile paper at 697 per cent. Ster,
ling exchange, bankers bills weak al
4Sl "; demand 4S4H.
Govern MENTs-A fraction better at second
call, but al the last board" AIS lost the
improvement.
FIves OO
Eours snd-a-half
eIr St - Ts i9o
STATE SECURITIEs-Dull.
RAILWAY BoNDs-Lower.
SToCKs-The market opened a fraction
lower and then advanced 3 to IS per cent,
latter in Oregon .Trahscontinental. Before
1880 A. VI. the improvement was lost and
the bears bad the market once more under
control. Round amounts of Wizards were
offered, causing a break of u to pa in
these specialtIes. Northern Pacific dropped
from 81 4 to 30A, preferred from 80 to SIX,
and Oregon rransCOntinental from 1875 to
Az. The remainder of the active list
sympathized but slightly with these shares,
declining only 3 to Il per cent, except for
Omaha preferred, which broke ~ to 9GH.
Near IL A. N. LaCkawanDa received strong
support fully $4,000 shares being taken in
the neighborhood of 1209l20'5. This had
the effect OF sttmming the downward move.
ment and caused a rally of 4 to ~ per
cent, in which Oregon Continental
was conspicuous, selling mp to 40. North
ern Pacific recovered to SIX, preferred to
80 and other stocks !, to =. From this
time until nearly 30 2. NJ. the market was
quiet and almost dull About the time
mentioned a report was circulated that the
leaders were in conference to devise means
TO end the bear raids. simultaneously
with this amour cement the Sharpest drive
of the day was made on some shares, par
ticularly on Manitoba, Oregon Navigation
ami Northwestern. The former broke two
20 mis- 10 1861, Oregon Navigation ~ to
ll9Ig, ana Northwestern Is to l20A. Tue
shares not attacked by the bears yielded
but little, about "A to per cent. To yard
tie close much better feeling prevailed,
ard the bears showed some dispo'
sir on TO take profits. Under this pro-
cess an advance OF y to 81 per
cent was established. with great activity
| on the way up. The underlying cause Of
the sharp recovery was the reported con-
ference between Gould and Willard already
alluded 10. Ii was currently reported that
| the capitalists in question and two or more
prominent banking houses had agreed to
take q certain amount OF bonds TO be issued
| by the Northern Pacific Company, the pro-
ceeds of which will be used in taking up
| the floating debt aud in providing the
company with means to thoroughly equip
its lines. 1t was also reported that por.
ton of the bonds had been taken for Euro
pean account. Still another rumOr cur
rent was one to the effect that Gould and
Sage would enter the Oregon Trans Cont
mental directory. While these rumors
could not be officially confirmed there is
apparently good grounds for believing
that deal in Northern Pacific has been
| made and that the purchases
made by leading operators to day
were predicated upon the deal in
question. In late transactions Northern
Pacific rose to 321i, preferred to 81, Oregon
Trans Continental to i9l3, Northwestern to
1921 I, St Paul to 1917, Louisville & Nash
Vile to COS, Lake Shore to 99R, Michigan
Central to S7l@, Jersey Central to 81, Man
itOba TO los, Union Pac' tic to S7A, and
Western Union to 50. AS compared with
| last nights closing, some shares show an
advance of J., to =, latter in LaCkawanua,
while others are q to 4 lower, except for
| Oregon Navigation which is down 3lR9
100 Western Union, Texas Pacific, Wa
bash preferred, Omaha Oregon Trans.COn-
| tinental, Chicago, Burlington Quincy
and Canada Southern are unchanged. In
specialties Pullman Palace broke points
to l24, and rallied to l25. Alton X Terre
Haute declined toss, pre- ferred to 80 East
Tennessee preferred l to IA, and New York,
Chicago & st. Louis preferred q to II. A
feature of the dsy was the trading in sell
lers options. Oregon Navigation sold at
ll7@ll7H, and Manitoba at l06AGlO6A
and Pullman Palace at l26 seller o. all l
az per cent below the market.
Transactions 5O2 900 shares