The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-27
COMMERCIAL AND FINANCIAL
MAllRGETsBY TELEaRAPH.


-rn~SS~SSSSSss>S
4 MARBKfEE'ISBY TELEGRAPH.
New York Money and Stock Market.
lNEw YoaK, Sept eG.-MoNRY-Not
really quotable, though some loans were
made atii to 1.per cent and legal interest.
The best of collaterals are exacted and
mortgages range from 30 toE40per cent.
Gfeenbacks command a premium 81 II
to 81 per cent over certified checks.
| sTERLtNes ExonA NGE There was q
heavy decline In foreign exchange, IN
consequence Of the condition of the affairs
in the gold room. Prime bankers sixty
days sterling sold down to 1903, sight 104,
and cable transfers at 104a105t. Com
mercial bills sold at 101a102 for 90 days
and 1903 for sight. Custom receipts to-
Idsy $s5s,0 900.
sGoLD.-Gold was active and higher.
Prices ranging from I'LL to 114i, and
closed ALTA. Some Canadian and other
bankers, holding gold exacted high rates
lior It's use, 70 day Zone or two promi.
nent short sellers were at once forced
into the market as borrowers, but refused
to pay severe charges, which. caused a
temporary hitch in clearipgss and 1t was
feared thedaysbuainess would have togo
over, but clearings were finally made,
much to the relief Of all. The advance
in gold is partially due to the purchases
byIthose who arc distrustiulsof the pres
ent condition tot Affairs, fand1are hooking
up gold in consequence. At the opening
gold loans were made flat and at 2, 3 and
! per cent for, carrying, but afterwards
borrowers paid the following rates for
use; 1-3s 1.1G, J., and ] per cent. Late
|i1the day thearatetell 70 fper cent, and
then to fiat at the very close. Three per
cent swas paid, for carrying. Clearinga
[$24 900 900. The Assistant n easurer;disi
bursed $4,000. EO
GovERNMRNTs.-There are no quota
tions; for Governments. The banks
cleared carly and in good shape this
morning. Their relative condition is un-,
changedS and they are nrsulng the same
course as earlier in the week in reference
to treatment. The Loan Committee Of
the Clearing House has issued loan GER
tiacates up to. nearly $4,000, OOoathe
amount authorized! slf'te u, ~ a.aaa7
.SrocKs.-The Stock Exchange contin-
ues closed, and the governing committee
this morning decided that "a hours no
tice should be given before opening.
is hoped the bulk Of the contracts made
on Friday and Saturday last will be set.
tied before the Exchange is re.opened.
The "a hours' notice ensures the closing
ofthe Exchange the tot the week, as
the governing committee do not'meet IN.
til 1890 tomorrow morning. This will
give longer opportunity for further pri.
vate settlements Of outstanding con.
tracts, long step having been
gained in that direction. Already large
number ofprominent houses in the street
have effected q settlement, and as each
day closes more and more contracts are
settled up. Ifall can be thus satisfactorily
arranged the opening Of the Exchange will
result in no further disaster or trouble.
The governing board Of Stock Exchange
met at 8 o'clock this afternoon to receive
the report of thecommittee appointed FOR
the clearance otfstocks After some dis.
'cusaion the report was referred back TO
the committee, aud the board adjourned
until tomorrow at 10,A. NJ. 1t is stated
on the street that the acceptance Of the re.
port is delayed because 1t is rumored that
Jay Gould and Vanderbilt are efiecting q
settlement which will clear the market
of large blocks Of stocks and so enable the
Exchange TO open without fear of a rush
Of sales under the rule. As usual there
was very small business in stocks. Pri.
ces were lower IN some cases, but as
few parties have the matter; in hand, very
little dependence can be placed on the
quotations-they are, given tor what they
are worth. The following are the latest
prices for, stocks current among the crowd
Of miscellaneous operators on the street:
New York Central 8 Hudson ST. bid, IS
asked; Erie AS, 40, Lake Shore 6S, 80,
Northwestern 40, Al, Rock Island So, "a,
Pacific Mail 30, $50, St. Paul27s, 80, do.
preferred, asked 50; Ohio's got, 26i, Yves.
tern Union Us, 55f, Wabash s4l, AT,
Union Pacific 1871, 10, Cleveland, Colum-
bus 8 Indiana Central of,t21, Harlem
105, 107. Mr.. Harvey Fisk, Of Fisk &
Hatch, states that the house has IT'S state.
ment nearly completed and that the next
news, from, them, will be o resumption
Of payment, as their depositors are will.
ing to assist In setting the wheels in mo.
ton and theif securities are ready for re.
alization: as, soon as, there. is q chance to
use them. c Henry elews q Co. issue a
circular, inr which they, say; ave pro.
pose 70 continue our business as hereto.
tofore, by receiving special deposits
III ! trust fef new accounts pledged
only to psyments drawn against such
new accounb, land siahalll collect and
realize upon our loans, securities and
Other 6ssetaasIaso as5 possible and make
payments pro rata as the same shall be
realized until The entire amount shall be
liquidated, the interest being paid as here.
tolore. Their numerous friends and de-
positors in this city approve entirely Of the
plan; and have already ssignifed their
readiness to continue their deposits and
business as proposed.
B chieaso MarKe,.sAg
D Aaossept DO The Board ofDi.