The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-10-19
FINANCIAL AND COMMERCIAL

NEW DIRK, Oct. 10 hoHh -
ed at 2@7 per cent and closing atZ(aa
per cent. Prime mercantile paper 4Sgo
per cent. Customs receipts sow
The Assistant Treasurer disbursed sl9,-
600 600. Clearings S5s, 100000. Sterling
at 4s4@4s6.
GoLp.-The efec. of the European adj
vices on the Wall street market was very
marked and there was a strong. raise IN
cold. exchange and stocks. In the Gold
Room the excitement was intense early
in the day and an unusually large bust
meas was done at n rapid advance IN pre-.
MUM. The opening sale was ut ll0s,
and, under an active demand to cover
short contracts prices rose to ll34,
while. at one time IN the
general furry, as high as llS3
was bid without sales. Subsequently the
excitement subsidized somewhat, and there
was a reaction to Ill, followed by re-
covery 10 I'LL, with late sales at lll4(9
lll5. Cash gold was scarce, shd loaned
fiat to Lilo per cent. per diem for use.
There were some large transactions at
from llS to 1871, the Germans being
heavy buyers.
GovERNMENTs-Strong and higher, in
sympathy with gold.
United states Us oI 1881, coupons......-...llS
Eive-twenties, (lSoo)
Eive-twenties, 1850 new.-..... .............iiSI
f1ve-twenties, ti6GI)
tive-twentleS, llSool
New -...'
New FOur-and-one-halfS... ~
Ten Forty Coupons.... ....,-.... .''....''-i59
fxa III
RAILROAD BoNps-f'irrn, especially Tor
st. Paul and Northwestern consolidated.
SToCKs-The stock market was active
and buoyant, with great excitement at
different periods of tho day. The advance
in the leading -hares was ! to l34 per
cent, with ia reateSt rise in coal stock.
The immediate cause of the advance In
the general list, especially IN trunk line
shares, was the prospect OF war In
Europe, which would bring with it a
very active demand for breadstutf, hog
and Beet products and other articles that
contribute largely to the traffic OF the
roads which is already heavy, In
consequence of the active movement In
grain from the West To the sesbeard.
Again to-day it was asserted that the
railroad war would soon be adjusted,
which also had its influence. The sharp
rise in coal stocks was brought about by
Il rumor that another combination was
about to be formed which frightened the
bears and caused general rush to cover
short contracts The greatest advance
was IN Delaware and Hudson
Cansl, which rose from 60 to
S2S, and reacted to 10 Delaware, Lack
awanns and Western followed, rising
from 73f to 85s, and finally reacting to
773G7S. New Jersey Central advanced
from So to 3Sl, and afterwards sold
down TO 964@36i. Coal stocks today
generally commanded LILO tot per cent
for use, but were much easier at the close.
In the general list Lake Shore was the
feature, advancing from So! to Coz,
and closing at 594 Michigan
Central ro>, from ACT to AZ,
and closed at At Erie advanced from
lOI. with the final sale at III The re
msnder of the ist advanced J to per
cent, with thu closing sales at about the
best figures of the day. The sharp rise
IA gold aud stocks carried down a mum.
Der of dealers on the Bear side al the mar
ket and crippled a number If others.
The failures officially announced on
Change and in the Gold Room were
Henry Dalcr, dealer in gold; John 2.
McKeown, gold and and stocks; 5. A.
Joscphs, gold and stocks; Hone " Mich
olss, coal stocks The EOening Post says
that no other prominent failures have
been announced, but that Others are
feared on the part of the bear party, as
shown by the loan market in the Stock
Exchange. this afternoon, when unusual
discrimination WAS shown IN lending
money. For instance, firms deemed be-
vond doubt were accommodated
with money st per cent, while
at the same moment firms not
standing SO high had to pay per
cent. Transactions were 10000 shares, of
which 1000 were Pacific Mail 1000
Western Union, 1900 Northw, .ern,
5000 Rock Island, 70 COO s.. Pau, 49,
900 Erie, SO 600 Lake Shoe, 2j.OuJ Ohio,
$500 Wabash, 1900 Michigan Ccntra'.
5000 Delaware, LSckawanna and West
ern, 1900 New Jersey Central, $500
New York Central, and 1000 Delaware
and Hudson Canal.