Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-01-30

Elves extended.
Fours and-a-hslf
Pacific SKIES OF
RAILwAYs-There was firm tone to rail-
road mortgages with further improve
meBt in prices. A good investment de-
mapd prevails for leading issues, and the
disposition to buy is on the increase.
large business was done in West Shore
firsts, and prices advanced on reports OF ne
EQUATIONS with Vanderbilt for control OF
the property, but none OF the stories put
atloat could be verified.
STATE BoNDs-In State bonds Missouri 6's
of SO sold at 100; Alabama, Class A. at 81,
and Arkansas, Pine Bluff issue, at 20.
SroCKs-SpecuIation at the Stock E1-
change was active and buoyant during the
greater part Of the day and further gem
eral advance in prices was established:
Operators on the "bull' side manifested
increased confidence and bought freely
throughout the day. Dealings were unus.
ually well distributed and the entire list
participated in the Improvement. This
rise in prices caused some of the smaller
shorts to cover but il is believed the lead
ing bears" have not yet taken IN shorts.
The only important reactions occurred al
the opening anu sgain about . o'clock,
prices falling oil l,8lH per cent. The
last decline was OcCasioned by reports that
rates on Utah BUSH ess had not been re-
stored, the reports having arisen from the
misConce ption Of dispatches sent east by
Vining after the close OF business became
known. Commissioner Winnings telegram
simply stated that the companies were to
use the classification OF trunk
lines instead of Union Pacific, as the
classification is different. 1t was also an
noupced that rates had been restored and
matters were working smoothly. The
change in the temper OF speculation Is
steadily bringing in outsiders to buy stocks.
business in this line than for long time
past The removal of all endorsements
from the Northern Pacific system has re-
lie we'd the market of the incubus which has
been hanging over il for some time, and to
this is due in no small degree the improy.
ing tendency of affairs on the Stock Ex-
change. Manitoba was prominent fea-
ture, dealings having sold up from S9H to
95L. Lackawanns, st. Paul, Louisville and
Nashville and Union Pacific were also con-
spicuous for strength. In the afternoon Ore
gon Navigation fell off to 80 against
loo earlier in the day, Manitoba sold down
to 9OH. Just previous to the close Louis
willie and Nashville, Kansas aud Texas,
Texas Pacific, and Pacific Mail were in &C
tive demand at rapidly advancing quota.
tons. This changed the market again and
speculation left OFT strong. As compared
with the close last night prices are q to z
per cent. higher. Alton and Terre Haute
advanced to 81 and Minneapolis and st.
Louis preferred "a to san, Oregon lon:
provement fell oil to 10, rallied to iS and
closed at AZ, Manitoba was another in
stance to day OF stocks that have been over.
sold without attracting much attention at
any time until the shorts tried to cover,
which they did to day. LAST Thursday 1t
sold at SI15, last night closing at Ss2s,
opened this morning at S9R, advanced TO
95lS, and in the afternoon sold at 90, 9}H
and 9OIf, the greater part OF 6,OOO shares
sold to day, however, being above SO. The
Mail and Express says on very good au-
thority that the present bull interest in
the market is the strongest which has ex'
listed for over two years. The same paper
saws il is known that Gould had made II
condition in all new pools which he has
gone INTO, that the stock should be held
for at least six. The rumor that the
e Mrs control of the B. / ..
telegraph line, the officers of both
Western Union and Baltimore and Ohio
ssy is not true, yet in some cases hints
have been given OF traffic agreement I'M
der which rates can to be well maintained.
Stocks held by Oregon and Transcontinen-
tai Company after dedrcting 10000 sold on
Saturday to the syndicate, are understood
to be 142, OLE shares OF Oregon railway ana
Navigation, l23, 700 Northern Pacific pre-
ferred aud Il7,934 Northern Pacific com
mon. The value OF these at prices this AZ
terpoon, say 50 for o. r. & N, A for
Union Pacific preferred and q
| for Union Pacific common, would
be S23, i66, $50; add to this say two million
of other assets, and the aggregate will be
| sos I66, $50. The latest rumor intimates
| that the special meeting Of directors OF all
comnsnies of the Northern Pacific system
will be held within ten days, at which GER
tain designations will be accepted, 70 be
replaced by the names of Sage, Gould,
FieId and two prominent railroad men,
one OF whom is connected with the South
western system and the other with the
Union Pacific. Transactions, 5O6,OOO shares.