The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1869-01-18
COMMERCIAL AND FINANCIAL.
mARKErs BY TELEGRAPH.
NEW YORK, January l6Y


bales at 29I5c for middling uplands.
FLoUR-Flour closed quiet and
steady; low grades dull and declining;
GRAiN-Wheat dull and 1a2c lower.
Rye-Quiet at 81 so for western. Oats
Dull land heavy at 1910 for western
in store, and 7Sc atloat. Corn-Steady
AT 93a95c for new mixed western, and
nominal at 81 O9 for old western afloat.
PRoVIsIoNs-POrk more active; sales
$50 bbls mess, seller three months, at
S29; closing with buyers at 500 cash and
future delivery. Beef-Steady and
quiet. Cut meats-In moderate re-
Quest but unchanged. Bacon-Quiet
but unchanged.
LARD-Lard very firm but rather ex-
cited at 1SAal9c for good to prime
steam; sales of 900 tierces at 1870.
REEGGs-Eggs dull at 32a34c.
DRY GOODS.
The demand for cotton fabrics con-
tinues fairly active, and the market Is
strong at the advance, with tendency
toward higher rates In sympathy with
raw material. Heavy brown sheetings
are firm at l7c for the best makes, and
l615c for seconds; 1713c. for heavy
brown drills, and 9Izc for printing
cloths 7 yards to the pound. Cling
hams have advanced l cent. per yard,
as have the best makes OF ticks. New
styles OF prints command 1870 for
good broads like Aliens American and
Pacific Mills; lac for CochecO and
Dunnels; 141zc for Sprague's and Mer-
rimac, and l3c tor AmOskeag.
MONEY AND STOCKS.
MoNEY-Market shows increasing
ease. and offerings OF capital are more
liberal day by day. At the opening this
morning per cent was he'general rate
on call, but before the close of bank
hours money was very plenty at q per
cent; prime discounts 7a9 per cent.
GoLD-Market was quiet and firm at
the close; the two extremes of the day
were 1865 and 1865. The Commercial
SAYS the receipts of currency from Chi
cago and the northwest have increased
materially during the week, while re-
mittances to the South have ceased
within the last two or three days. Very
little is coming from Cincinnati, owing
to the fact of that city having to remit
nnce in the Treasury has probably been
reduced somewhat below the Sl3, 900 900
held January lst, the amount at pres
ent in the sub-treasury being about S9,-
OOO, 900. The deficiency in Internal Rev
enue receipts will require the treasury
to resort to some means for replenlsh-
ing its declining balance; we have good
reason for believing the Secretary Is
strongly disinclined to resort for that
purpose to the sale of bonds or gold.
The Secretary hopes to be able to sup
plv his wants by the issue of per cent
certificates to banks, of which over $l9,-
600 600 remained unissued on the 1st
inst. a course which would at the same
time increase the legal reserve OF banks
and supply the Treasury with money at
a low rate of interest. The government
bond market shows considerable hrm-
ness under the denial by the Secretary
of the Treasury of the story OF new is
sue of bonds. e.,
112Lall221; do '62, 1l2Aall2is; do '64,
1OgLalO93s; do '65, l095sallO; do new,
lOSI IalOS3s; do '67, lOS5sal0S34; '6S, 1851
alO9; lO-4Os, lO7MalOS.
SToCKs-The Railway market In the
the forenoon, was feVerish and excited,
with New York Central and North
western shares as the special features.
The first named opened at 1905, and
steadily advanced to 1872. The upward
movement is attributable to the defeat
Yesterday in the Senate OF the Dill 10
Investigate the affairs of this company,
particularly in the matter of its recent
scrip dividend. The probability OF an
earIy settlement OF the Jenck's 1nJunc-
ti0n ia also urged as reason for the
rise. Northwestern fell about l per cent.
from the opening prices. The lmme-
diate cause is report that the Illinois
legislature are about to reduce the rates
of passenger fares on all the roads In
the State to 22C per mile. rms report
ia founded on private dispatches from
Chicago, which say the bill has passed
the Senate, and will pass the other
branch to-day. The remainder OF the
western list is affected by this report
Rock Island is variable, having ranged
between l3OXal2SA; Michigan SonLh-
ern ruled between 9laS9iS; semi-an-
nual dividend of 4 per cent. has been
declared on this stock, but official
notice has not yet been made. st. Paul
is without special interest. TT. Wayne
showed noticeable tirmness, the highest
sale having been l2lX, and the lowest
l2O11. Reading was steady between 96A
95I%. After the l o'clock board there
was a general decline, but later the
market became active and excited
| New York Central was run up to l63,
but there was very unsettled feeling,
and fluctuations were frequent, and
wide. The excitement ran high on
| western shares, with great tiuctua-
tions at the close were leverlsh ana low
er. The miscellaneous list is higher.
Express shares are steady, with an ad-
Pacific Mail 1222za1225z; Western
Union Telegraph 33Aa34; New York
Central l63al631s: Erie 3S35a3S7s; Terre
Haute 4Oa4l; Wabash G214a625s; St.
Paul 75a754; Fort Wayne l2l3sal2l5s;
Ohio and mississippi 33Ka335s; Mich
igan Central 1l7Aa1l8H; Michigan
Southern 9O25a9l; Illinois Central 14414;
Pittsburgh S724aSS14; Toledo 1O324alO4;
Rock Island l2S15al2S}4; Northwestern
S24aS27s.
EXPRESS SHAREs-Wells, Fargo &
Co. 2514a2524; American 3SI5a39: Adams
| 52J%a523I; United States 4Ga4613; Mer-
chants Union 14al4I2.
The Express says: The scenes in
Wall street are being shifted once
more, and the bears this time are max
ing their appearance in public, after
long retirement. They will make an
effort at least to retrieve their lost
fortunes. The leading bears have been
secretly at work for some time past
in the West, organizing for a cam.
paign in Railways through the Legis-
iatrres of several Western States. The
first effort has been made in Illinois
and already bill has passed the
Senate which reduces the rate of pas
senger travel on the railways of that
ported that this bill will pass the
House and be signed by the Governor
A similar movement is on foot in Iowa
and Wisconsin, and the bears calcu
late this scheme will be successful
and reduce the earnings of the West
ern roads, and thereby depreciate the
market values on the Stock Exchange
1t is reported on the streets that some
roads will increase their capital stock
for equipment, and 1t is rumored the
Michigan Southern Directors have al
ready authorized fresh issues for thi!
purpose. The bears calculate upon tbs
Decentralization of the bulls on any new