Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-02-02


Fiyes extended r rs
Fours
Pacific Skies Of
RAILwAYs-In railway bonds West Shore
IS were heavy aud lower at 5l@1?952B,
Outside Of Vest Shore an active demand
IT vailed throughout the day and general
advance was recorded. The textures were
Northern Pacific frsts and Big Sandy tirsts.
The former selling up to 100 and the latter
to /, l. b. Il NJ. tIsts rose to 03, Metro
puiitsn Elevated firsts y 20 lO5, Missouri
Pacific thirds a to 1917, New Jersey Cen
trt controyertible l 10 II, Rochester and
Pittsburgh incomes to GU.
s ATE PoNDs-Steady.
SrOCKs-The Stock market opened hrT
this morn ing, hut in the first 10 minutes
business decline OF 4 to x per cent. took
place. The decline soon recovered, but
subsequently, Louisville and Nashville re.
acted to AK, Northern Pacific preferred to
45X, Oregon. Trans Continental to 2j%s and
ST. Paul 10 SSI5, and the general list fell
of !. TO Is per cent. After one O'Clock
prices again began to harden, and during
the remainder Of the afternoon the market
steadily increased in strength. During
the last half hour speculation was buoyant
and a. advance of a to 2H per cent. was
establi he d. Special features were
Cri"u Pacific and Western, Union,
which rose to so and 76H
respectively. The short interest in these
stocks was very heavy, while the floating
supply of The former was smaller than
ever before owing to the purch tses for New
England account during the late depres'
sion. Garrett interview on telegraph
mstters / al n effect on the market and
Western Union was noticesbly strong
throughout. The rise this afternoon was
reported to he the beginning OF
movement hv large holders to squeeze
shorts. st. Paul, Miss uri Pacific, l.scka-
wanna, North western and Oregon Trans
Continental were ali higher on large
transactions. Louisville and Nashville,
which was forced down TO AIS early in the
day on the rumOr that a large amount OF
stock borrowed in London had arrived
here. afterwards advanced to i9i$ on the
rrunrt that the London market Was bare OF
stock and that only small amount had
arrived Large shorts have not yet
covered and further twist is
spoker of. After business hours it becom
Known that dispatches had been received
from the West by prominent railroad peo'
pie that a call had been issued for
meeting OF the Western Trunk lines for
Monday next, at Chicago aud that no dis
turhance in rates was apprehended. Can.
ada Pacific advanced to 56I5 on proposed
additional aid by the Canadian Govern.
ment and the announcement that
about $4,000 shares had been sold
to a London syndicate during two days
past. In the last half hour Of business
Union Pacific rose 2I per cent. to So Can
ada Pacific "a to 5GH. Northwestern ~ to
1l9, st. Paul ~ to 9O25, Lackawanna l q to
l2l7z, Louisville and Nashville ] I TO 49,
Lake Shore 19s to 991<, Missouri p cific ~
to SIX, New York Central II to ll5H
Northern Pacific preferred to 46N,
Oregon Trans Continental l to FAX,
Texas Pacific e to 20 per cent, and West.
ern Union l to 76H. The market closed
buoyant at or near the best prices Of the
day. As compared with last night closing
prices are 4 to 22s higher. Harlem sold at
i94, Fort Wayne 1881, and Chicago and
Alton 40. Chesapeake and Ohio first pre-
ferr.d rose & 10 24I1, Houston and Texas
y to4111, Minneapolis and st. LOUIS pre-
Ftrred / to a. Ohio and Mississippi Is to
2PI%, and Richmond and Allegheny to 3.
RiCl mond and West Point declined 4 to
27I$. Alton and Terre Hsute brought 40.
Last previously reported sale was at ~.
Transactions 3S5, 900.