Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-08-16


rOGTs aLu-s-hau '...-.' -
kSur>
Psclnc Skies OF looo'........' ''....!-o
RA.LRROAD BoNps-Steady.
STATE SECURITIEs-Duli.
Sl,,K,- Brokers W 0 live out OF town, a.
mos brokers do lllS time Of year, too.
early trains TO this city this morning an
Wall street was alive long before the usua
hour for beginning business. In the WiIl
sOr Hotel last evening there was TAX ab)u
another serious break in the market thi,
morning. Such rumors made brokers lnx
ious TO he on the spot 10 look after thei
own and their Gus omers' Interests. Hun
dredS of Wall street men away on vacation
were summoned back by telegraph LAST
evening and al 10 o'clock this morning the
neighborhood of the Stock Exchange pre-
scented a strange appearance FOR the middle
OF August. There were groups of well
known brokers in every office window and
messenger boys were actually running
before business began. Ga the
floor of the Stock Exchange the visitors
galleries were crowded with persons VINO
came 10 See a wild scene and were disap
pointed. There was apparently restora-
ton OF confidence TO very considerable
extent in the stock market in the forenoon.
The disquieting rumorS circulated last
night all proved without foundation. The
market opened l4eIl per cent higher, the
latter Canada Southern, and continued al
ternately strong and steady throughout
the forenoon, the mel result OF trading up
to l2.3U being an advance OF l@'l3' per
cent. on the general list Of active stocks
over the closing last night, the largest ex-
treme advances beng oregon and Trans
Continental per cent, Northern Pa2ihc
=, on both common ana preferred, Erle
-. Central Pacific pa, Burlington and
Quincy > Wabash IA and =, Canada
Southern and Illinois Central Ia, 81. Pau
l., Denver, Union Pacific snd Jersey Cen
tral =, LsCEawannS, Northwestern and
nmaha each -, Louisville and Nashville
"a, Kansas and Texas -, and
Canada Pacific, Reading and Texas
Pacific each per cent. After
y 50 the market was at first very strong
and there was further advance OF '4GI2
per cent the latter Northern Pacific com.
mon and preferred 10 42= and S2A, but
after o'clock, on the announcement OF
the failure OF +. c. S;cdman x Co, there
was reaction of '4Sla5 per cent, the lat
ter on Oregon and Trans continental TO
6>'.. Northern Pacific common also lost
ITS entire advance of , per cent. The de
cine in other stocks was l5gl@5, the latter
Norther Pacific, preferred TO SIS,
with IA on Wabash preferred
10 Il, = on Northwestern 10
l23, aud : on Lackawanna to l2l3, and
Union Pacific 10 -. = on New York Cen.
rral to ll5, i on Missouri Pacific 10 %,
Jersey Central TO IS. Omaha to iOIE. There
vas a reaction OF q TO per cent. about
noon. but this reaction was again partly
recovered by 12:2O leaving the net ad vance
for the forenoon only little below the eK.
IRENE advances above stated. At one time,
about the opening, Western Union was
wesk snd declined IA from last nights
closing price to- 72}Sr but afterTard
advanced TO 1i5slg1j4. This advance
of the forenoon Was male in the face OF
heavy sales, the operators buying yesterday
finding the temptation to realize too strong
TO re.ist. The buoyanCy OF prices was con-
sidered all the more remarkable on this
account The weakness OF Western tnlon
was attributed 10 the operators strlse and
the consequent loss OF business, together
with prospective competition in the WORK
of telegrspby. The total sales up to 1870
were about 80, oU shares. In the last hour
the market was generally lower, the de-
cline being = 10 l.. per cent, tie latter
Western Union TO y =, with fractional de
cline on the remainder OF the list. In hlaI
dealings the market was strong and there
was q general advance, more than recover
ing the decline and making the highest
priCes Of the day. The result OF the days
business was general aiNance over
closing prices Of last night ranging
from y TO 30 per cent, the latter
on oregon end Trans CUntinenesl, Win
- on Northern Pacific common ant
on preferred. Burlington and quincy Ia.
Csnsda Southern ~, Kansas aud Texas /,
New York Central and Northwestern
Central Pscihc -, Lackawsnns !. Erie
~, Rock Island -, 81. Paul IL, InIon
Pacific /, Wabash preferred !, and Greg N
improvement per cent. London was
free buyer IN our market to-day aud 81.
Paul, Lake Shore, New York Central, Dsn-
yer. Erie. and Wabash preferred we're
taken for that account The Directors OF
the Illinois Central railroad elected the
following officers: President, James c.
Clark: Vice Presidents. ". K. Akerman
and Stuvessnt Fisher: Treasurer, l.. '. J.
Randolph Secretary, L 4 CstlIn.
Transactions aggregated 40 900 shares.