Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-05-15
REVIEW OF THE MARKET.
The Clearing House to Issue More Certifi-
Gates.

lne SledilnS ItOuSt 10 Issue hOIc Stl1"'
Gates.
The market closed irregular, with some
stocks quite firm. The action of the Clear
ing House and associated banks in rcsolv-
I ing to issue Clearing House certificates
for 10 per cent Of the bills receivable, or Sc
curitieS held by the banks, the same to be re-
ccived and paid in settlement of the balance
between the banks at the Clearing House, had
a very reassuring effect late in the afternoon,
and led to more hopeful feeling, particu-
larly as this plan was tried with marked
success in checking the panic of 73. This
will enable banks to lend more freely to the
business community, and brokers and in
connection with the action of Secretary
Folgcr will result in restoring ease to the
money market.
1t is stated on good authority that further
progress was made in the direction of a set
tlement of the elevated railroad differences
Considerable importance is attached to this
matter rs it is generally understood settle
ment would have favorable influence on
Stock Exchange affairs.
Closing Prices.
Compared with last night the closing
prices are IL per cent lower for Michigan
Central, l0i for Missouri Pacific, 8 for
Northwestern preferred, 6s for st.
Paul. 64 for Pacific Mail 81
for Omaha preferred, G. for St, Paul pre-.
ferred, 50 for Louisville and Nashville and
Northwestern, 81 for Northern Pacific pre-
ferrcd, & for Union Pacific, a for Western
Union, I for Delaware K Hudson, 81 for
Omaha and Jersey Genital, q for Oregon
Transcontinental, q for Rock Island, p
for New York Central, % fdr lake Shore
Il Cor Texas Pacific, ! for Central Pacific
and Quincy, l. Ter Northern Pacific and
about per cent for other active shares
no, mentioned, Kansas and Texas ! higher
at III among inactive shares American
Cable fell og IA per cent to d, Chesapeake
and Ohio second preferred to IL, Eastern
Tennessee preferred Al to Indiana, Baltl-
more and Western to IL, Long Island y
TO 65, Manhattan elevated to 46, do. first
preferred to 81, Memphis and Charleston
/ to 30, Metropolitan elevated ! to SS4,
New York, Chicago and St Louis
preferred u to 81, Nashville and
chattanooga s TO ~, Norfolk and Western
preferred IL to 50. Ontario and Western {
to "a Oregon Navigation 50, Navigation D!
to II, TT. WAYNE q to l2S, Quicksilver pre-
ferred 3 to %, Richmond and Danville D to
Is, ST. Louis and San Francisco first pre-
ferred u to u, and American Express ~
to 90; Pullman TO 100, and rallied to lO3.
Rochester and Pittsburg fell off to D, and
returned to G. Manitoba sold down from
s5I to s3@S3i; Illinois Central
| dropped per cent. to l20 and advanced
to i2lal2lI. Railroak bonds were weak
and depressed; Erie new second consOls
broke from 63 to 592 and rallied to 6l ;
! West Shore IS fell OF from j02 to Al and
returned to 4S!; East Tennessee dropPed
from &c to sc, Chesapeake and Ohio 6s
declined 6 per cent to 80, do. class B per
cent. to 9S, Iron Mountain IS ) per cent
to 65. Kansas and Texas generals ?
! per cent. to GO, Louisville and Nashville
general % to 9, New York Elevated lst I
to lI6, Jersey Central cOnsols 10, l09.
Northwest registered, gold rs 20 les. P: ID!
4 Evans lst to 1903, Richmond and Dan
vile lists to %. ST. Paul W. 4 N. to'96'
| Southern Union 3s to lOs, Wabash, gensr
ais 81 to SS. Texas Pacific incones dropped
| from AZ to IS aud rallied to 38l do ROi
broke from 59l to 50 aud recusered 10 81
Denver consuls sold down to 5i,andselOset
! al So