The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-10-16
MARKETS By TEtiIEERXsPH.


MARKETS BY TELEGRXpH.
7 cSSs.S+Snl2!iR8s II
New York Money and Stock Market.
New YORK, Oct. 15.-The situation at
the Stock Exchange early, In, the day
was marked by heavy fall in values,
owing to further failures, and thepressuret
OF stocks Tor cash to realize money, but
there was sudden, ehanselto extreme
buoyancy, under which prices advanced
sharply. The payment Of New York
currency dividend had nothing ito edo
with the upward movement, although i
was largely the result OF manipulation'b by
some OF the bears who covered their short
Contract yesterday at low prices. and
went long loraturnslsg .SToso5 nn
Judge Blatchford In the United States
District Court this afternoon decided ITO
dissolve all the ipjunctions herctolor1e.
granted in bankruptcy ii the easo Of
George iFdS Grilnell SEQ The;appllca.
tfon to have them adjudicated ihvolun-
tary bankrupts, Willis Iareued Saturday.
The announcement that all the ipiunctions
had been removed did not have any IN.
favorable influence, ass no. steps, were,
taken to sell out collaterals, although the
dissolution OF the ipjunctions leaSea the
creditors free to dispose Of then, in the
same manner as II no ipjunctions existed.
This will release nearly one hundred thou,
sand shares Of stock, and what ordinarily
would cause decline, operated directly
the other way, one reason being that the
stocks are relieved from turthep litigation.
MoNEY-Very irregular and closer than
Tuesday. In some cases brokers accom-
;modated each other at 7per cent, but the
bulk, Of the, business was at Int per cent
for small lots, and in some cases per
cent was paid forlround 5lots.J The in
creased activity on exchange made a
greater pressure for; money! GIeepbseks
drmer and more active, the premium
ranging from to per cent. ,J, y
STERLING ExoRANeE -Foreign : ex-
change Enthusiastically lower, bankers
sterling having sold at 106aI06h for sixty,
days, and 107a1O7t for sight. Custom,re.
! do18 HGoldl dsslaed from 1902 10
1851, closing at 1oss. The ratespaid for
carrying to day were Z, l 80. 1,1g,; bp31g,I
/ and 7per cent gold, and for borrowing
fat Tho final rate was / per cent for
carrying. Clearing $54,00o,0O0.4 0 The
Assistant Treasurer disbursed $0S,000
Thirty thousand pounds was received az
the Assay otlce to-day. saSG
GovERNMENga-We Teak and lower early
in the DAY, but improved atthe close.
United States s. d 1881, coupons. ..........iIs
EIys:sSsasass Sss.
Fivc.twenties ds65). .....................1T
Five.twenties tlS6ol new .".................li0
Five.twenties Observation-Disclosures,
Five.twenties (Is6S)..."... ~ AtIa
New Ewes. .'......."!!VVooA
cSprsnsS siass
STATE BosDs Quiet. AEhl
sToees LsAtS the Z merchants saleE
rooms to-day 10000 Atlantic & Pacific
8 per cent gold and land grant mortgage
bonds, guaranteed, were aold at 30 There
we're sales of,slaOoO Of hesame atffom|
4S4 to AT. The difficulty Of borrowing
on stock collaterals still continues Rail-
way and miscellaneous speculation
was unsettled before the first call.
In this decline .gtbebo lowestW prices
touched sineeL Que panic ieweret earfehtsl
After Ksstms'm6 h,ioned tue mafket5 ped
gan to improve. and at times was buoy
Prices advanced from ITO o. per cent I'M
detihe large purchases against decline
81 I to eper cent before 9:20 Pm. At the
final close there was reaction Of / foS19l
per cent from the highest point. The
most marked Improvement was IN lake
Shore, Western Union, Harlem, Panama,
DeAware, Lackewana q Western New
York Central Roek IslAnd, Wabash aud
Pacific Mail. The market closed firm
with cheerful feeling on the street.