The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-24
COMMERCIAL AND FINANCIAL.
MAGNETS BIZ TELEeRAPH.

GUIaIiltkGlAl anu flMAMGlAL, !
MARKETS BIZ TELEGRAPH.
New York Money and stock Market
! INKw YoRR, Sept 90. 1.-The day open
ed in Wall street with at least all Of yes
terday's improvements and with ten
dency still In favor Of further improve
meot "a AZ ~ aASg S5tV
] MosrY-Is not yet quotable on Stock
Exchange loans, the pspksl however, are
accommodating ,inelchantsso far as pos
sible at per cent.
STERLING ExcHANGE-There was q
heavy break in foreign exchange today,
and prime bankers 90 days sterling sold
from 1O7i 10 108 and good bankers as
low as 105; cable transfers were done at
108a There Is very little demand lor ex-
change and pressure to sell broke the
MARKET Custom receipts $404, 900.
GOLD - The gold room was opened
for uainess this morning, and no unpsual
Excitement has prevailed there. The atHt
| sole was Of he, aIterHhich thereswas Oh
advance to 1921, and q decline to 111ga
|111a, closing at 112ta11st. On gold loans
the rates have been from 1-to4 per cent
for carrying, andSfat and 1914 for use.
The Assistant Treasurer idisbursed $50.
600. Clearings were regularly made.
GovRRNAfENTs-There was no tansac.
tons in government bonds, except at The
sui. Treasury, where s9,,s7l $50 I'D bonds
have beeu bought since Saturday. The
clearings Of the New York associated
banks were all regularly made today.
| ~ STocgs-Therei was! not much excite
ment this morning regarding stocks.
Small knots oil: brokers assembledin front
Of the Exchange Von Broad street, and
made market for the purchase and sale
|ofstocks for greenbsck The following
Elsa list Of prices made in such transac-
tons: New York Central q Hudson 90
bid, Harlem 105 and ITO, Lake Shore S2s,
Wabash 80, Rock Island So bid, Milwau-
kee & St. Paul IS, Ohio & Mississippi 80
bid, Union Pacific 21a22. Columbus, Chica-
| 90 Indiana Central21 bid, Hannibal & St.
Joe 20 bid, Western Union 66a7O, Pacific
Mail 84ia36. In regard to the loan Of the
Union Trust Company to the Lake Shore
& Michigan Southern Railroad Company
which his been tie Basis Of good deal
of Misrepresentation 1t now appears the
loan Is not due until January 1st 1874.
The total.io r$1,7O0000 represented
the advance made at different times on
accounted the $4,000 900 bonds which the
Trust Company was negotiating. The
money was not borrowed Tor dividend
purposes at al, abut In connection with
this loan which was Tor The purpose ofin-
Icreasing the equipment o. the road to en-.
able 1t to do all the business which came
to it. Just before the close the announce.
ment was made that the well Apwn
house Of Henry Clews & Co. had suspend.
cd. This had tendency to destroy the
improved feeling existing and also to open
afteshl The Excitement The firm paid out
81 ,25000O In legal tenders to the depos-
itors during the past few days, and
1t was the general impression that
they would pull through. The main dif.
ficulty was that oil rendering available in
the present condition OF the market Of
their securities. The firmare understood
70 have 100000 in securities jat their
bank Qhe Fourth Nationally against which
they had drawn but 100000. The relu-
sal Of the bank to certify or clear their
checks was the immediate cause Of to-
days disaster. Much sympathy was ex-
pressed for Mr.. Clews. Mr.. Camp. Of the
clearing house, states that 80, 100000 Of
loan certificates have been issued up to
tonight. There; will bea meeting of the
Associated Bankers tomorrow at 10
o'clock at the Merchants' Bank.srH
Stocks were weak and lower at the
close in consequence of renewed excite
mentJ ] The following are The closing
prices on the street: Western: Union 63a
| "a; Pacifc Mail 84a35; New York Central
S9a9O; Erie 51a53; Rock Island 8sa90;
Michigan Southern 7ia79; Northwestern
42a43i; Cleveland, Columbus & Indiana
Central 9Oa22; Wabash 43a45l Ohio &
Mississippi 20a30; Union Pacific 19ia20;
Harlem 1osa1o4Gi s8ET 1904