The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-10-11
Financial and Commercial.
BY TELEGRAPH.
Ncu Worm money and stoeks.

New York Money and stocks.
New YoRK, October 10.-Wall street has
been the scene of considerable excitement to-
DAY, caused by u stringent money market, the
I strength Of gold and II ieverish aud depressed
feeling in stocks. -,
MoSgY-Was in sharp demand at noon and
loaned at I per cent and In some cases O com.
mission was paid. At II few minutes before .
however and after bankers had generally sup
piled themselves balances were offered down
10 s per cent. Prime mercantile paper 6aG
per cent. The Assistant Treasurer discussed
Sl3O.OOO. Customs receipts $377 900. Clearinps
$23,OOO,00O. Sterling exchange, bankers DIS
weak ut 1. 10 IL; sight exchange on New York
I.SL.
GoLD-Was active and sold up to l0l, closing
at 1904. Cash gold loaned upto 3IA OF per
cent per diem for Use, but finally closed Hat.
GOvERSMESTs-Firn.
UnltSd Slatrs % Of 1881, 1923
F~lVt-TwentIcs (lS6Sl lOS
Fivc-TwGnties 1850
Five ue6S).. y. &
New Five ..,''....''''"'lOJ.a
New -Four md 4 halls r..... W.
New FOurs, yy4
Tcn-t '.'..'..''''
Ioh-FOftlea coupons .'''"'' reese ''''''''''''''''"' ~
Currency
SrncE4-The market Was slightly higher NJ
the opening, but soon became heavy, and
prices declined x Ia . per cent, with u strong
pressure to sell ut intervals. The greatest de.
cline was in Western Union, which was sold
freely on u fear Of reduction In rites to points
reached by the Continental, and also IN the
annual report Issued yesterday, which did not
prove us favorable as generally expected on
the street from rumOrs previously current.
Coal stocks were conspicuous for weakness and
were lower on a revival Of the talk about the
breaking up Of the combination. Lake Shore
was prominent IN the dealings, and made n
further decline under large sales. The prices
made to-day for most OF the above mentioned
shares were the lowest for some time past.
The granger stocks after momCntary tirmnCSs
at the opening became weak and declined; st.
Paul shares being nOticeably depressed by q
decrease IN earnings OF 100000 for the first
week in October and the application OF
the company to have more bonds on the
list. During the afternoon the market was
unsettled and weak, and in the final SnlcS
prices were ut or close onto tho lowest figures
Of tho day, except In the case Of Chicago,
Burlington & Quincy. The decline ranged
from u TO 3 per cent, several Of tue invest
ment shares being conspicuous in the down
ward movement, Chicago, Burlington &
Quincy made the greatest fnli, dropping 8 per
cent, but recovered partly in the final sales.
After this stock, Western Union, lake Shore,
Rock Island, 81. Paul and Northwest were
prominent in the decline, and low priced
shares were generally lower. The downward
movement was materially assisted by the cir
c~ulatiun Vt pumurs OF financial GmbarraSs-
mcnts both in Europe and this country, caused
by the failure OF the Glasgow Bank.
Transactions aggregated $4,000 shares, Of
which 1000 were Erie, 10000 Lake Shore,
5000 Northwestern common, l2,OOOprGferred,
5000 st. Paul common, 10000 preferred, o.
900 LackawHnnn, 5000 New jersey Central,
and 22,0O0 Western Union.