The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-11-23
CONEMERGIALIAND FINANCIAL.
0IARKETs by TEIEaRAPH.
kpIrIt of the NOV l.York Nrnrkef.

Spirit OF the New YORK Market.
NovEMBER, 22.-The Posts money article
says: sF ~ 529
new phase thlsmorning. Gold has fallen to
1SISE on rumors that Government was selling
heavy amounts OF coin.
Money Is active at per cent, although
there are indications of a cessation OF the
drain of currency to the West and South.
Fancy stocks cannot be sold at any price and
some of the clique combinations have been
broken up and their stock sold. RumOES of
new failures arc current but none of import
ance are authenticated Solar.
The stock market opened unsettled and
heavy. Governments were pressed for sale
Treasury Is or has very recently been sellInIs
sos, This report, with other depressing
causes, produced a general loss OF confidence
fall which government securities have re-
ceived for Considerable time; 1O-40s were the
strongest on the government list. Railroad
shares are weak and under general despOnd-
ency which has violently taken the place of
the recent buoyant confidence. Prices are
wildly huctuating so that 1t is almost i'm
possible to obtain trustworthy quotations or
10 follow with accuracy the many changes
In the market After the regular board the
Erie zls<; Reading Ill; Michigan Southern
79LS; Illinois Central 1l6; Pittsburgh S21z;
S TSlede iiu 6hcSso z Roe shnd iG
Fort Wayne lO21a; Ohio & Mississippi certih-
The Commercial's money article saws:
Affairs In Wall street wear very uhsatiS-
factory aspect. Money is decidedly stringent
at fully per cent on call, and in the stock
market there Is a general rush to realize,
amounting almost to panic. Discounts are
almost at dead stand with the prevailing
pressure for call loans and the extreme eau
ton relative to all forms of credit.
Gold continues very weak, having touched
1851 at one period this morning: There is in
the gold room as elsewhere this morning a
prevailing desire TO realize. Gold Is loaned
mi.
OF bills gradually gains upon the demand
and indications point to lower rate for Sat
urdRy's steamer.
ing loans and at indefinite apprehensiOns of
further strtngency caused n realizing move
ment not equalled since the stock panic of
1884. Governments are weak and zS(95k low
er, partially nom the further decline In gold
and partially in sympathy with the fall in
The Evening Express says the money
market remained at per cent TO the close OF
Bank hours, but towards the close first class
borrowers found less difficulty In getting sup
piled. Seven per cent in gold was paid by
weak parties on mixed collRteFala, but this
is no criterion. The discount market Is al
most at a complete stand and rates are too
unsettled to quote. There Is general fear
OF business paper, owing to the numerous
Government for some time past has been
selling gold moderately and also calling up-
on the National Banks for currency, in order
| to be strong enough to meet any demands
from tho Banks on account of the clearing
house certificates. This Is the main cause OF
porationS have bean stopped there is every
reason to believe that the worst Is over.
Capital will soon flow this way to find em-
ployment at the present high rates, which IN
| itself Is enough to make II easier. The
street was alive with rumorS Of failures in
the stocks and gold exchanges and the very
best firms were mentioned in the category,
without the least regard TO truth. The day
passed without any prominent failures. The
dry goods market was less buoyant and par
ttcipated TO some extent in the general de-
ness and depression were the prevailing fea-
lures, there was marked decline, generally,
especially in flour and pork.
Government securities were dull and rath-
er lower. In some respects these securities
have felt the decline severely to-day owing
TO the large volume OF them ahoat. The
pons, 81, llls<@ii21@; 590s, registered, 'S2,
l051I@l06; do. coupons, 90, 10S1<9lOs5z; do,
81, .l0SN@l081{: do, Us, 1oSA@l08ls: do, Us,
tered, 999I0O1<; do, COUPONS. 931<@9gI$; Aug.
Is2ls S7S9lO576; do, June, l0l1S9l0fI; July,
lO49l05; June Compounds, ~, lie, closed
The stock market was lower at tho last
open board, but generally steady; After the
Sall S ono CeTtifcntes were 27S2S Cumberl9nd
IL dc preferred 2l1S@S; New York Central
l08@10S1<; Erie 7249721S; Michigan Central
l0S9lll; Michigan Southern 7S1<@79; Illinois
Central nS@llS Cleveland 4 Plttsburgh SS11ss;;
CIeVelan1 q Toledo lll5<@l1l1S; Northwest
The COMMERCIAL says this afternoon there
Is more settled feeling In Wall street. The
fevertsh excitement Of this morning has
been succeeded by a calm expectation of the
failures among the stockholders AZ the result
OF the heavy fan in prices, the effect of
which must depend, of course, upon their
magnitude. There are numerous Fun1oFB In
circulation, none of which we arc able to
operator who stands largely committed to
operations in Northwestern. t55F -