Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-10-25
BUYING AND SELLING.
GENERAL MARKETS BY TELEGRAPH.
Money Stringent at Per cent.-GOyern-
ments Quiet and weak-fIour Quie,
and Steady-wheat Unsettled
and weak-HOgs Firm.
FIN ANCE.

NEw YORK, October 4-MoSRY -
At 697s per cent, closing at 6 per cent.
Prime mercantile paper "a per cent.
Sterling exchange dull at 1901: sight rX-
change on New York iS3i. Dry eoo.ls
imports for the week Il ..97. 600.
The money market Was stringent up
TO the close, and while sGl per cent.
was paid in addition 10 the legal rate
early in the afternoon, the closing nate
Was per cent Ii became clear before
the day closed that the stringencv VA,
purely artificial, and was the work oi
one or two large spectators. who had
borrowed all the money they could and
withheld il, together with their own,
from use in the loan market. The oh.
Jet Was 10 break the stocks for the pur.
pose of buying at the stock Exchange.
SILvKR-At London 81 5.l5l; tar
silver here ia; subsidiary SILVER coin
(9l per cent. discount.
GovxRSAKSr-Quic, and weak.
q. = Coupons tlssll .......ld ldsl.
New four-and-one halt. ........, lu,a.
New four ......--... ..-............. .......iu2
turrehcN NSihes....--............... I'LL
RAILROAD BoSps-lrngular. but ia
the main lower. Kansas Pacific income
No. lo was exceptionally strong and al.
vanccd =. per cent G.. G. a I. &. firsts
sold up to ~. DO. seconds Ia 81.
STATS BoNns Dull and generally low
or.
sToCHs--lhe excitement during the day
was intense, and the transactions were
on a very largr scale. The small specu-
lstors received lively shaking up, and
slim margins were wiped out with great
rapidiiy. In early dealings prices
yielded 4(f.ji per cent. the coal sharcs.
Pacific Mail. Erie, the grangvrs and
Southwestern shares leading the down
wand movement During the afternoon
n recovery of lC43l per cent took place.
but the advance was partially lost in the
closing dealings The chief cause Of the
sharp decline Was the locking up oi ten
million dollars, and the refusal Of the
hanks to accept the light fancics that
have hitherto passed muster Of col-
lateral.
The Graphic says the screws were put
on the money market, to-day, aud by
parties who were least expected to be
engaged in that business. ID Was sup.
posed that Mr. Sagc's interest of the
long side, WAS q sufficient guarantees
against his tightening money, but
things arr not always what they seem.
There were apparently well authenp-
Gated reports that certain large holders
Of Southwestern stock and other shares
of western roads, had called IN loans
ior the purpose OF squeezing money
and shaking out the weak hold
ers OF stocks. II this wA-
their purpose they undoubtedly
succeeded in partially accomplishing IL
Under the circumstances, considering
the great advance that has recently
taken place. the elasticity II the market
was somewhat marvellous. The mo
ment the pressure was raised, stocks
rallied with great rapidiiy. Some of the
parties engaged In pressing the market
down are credited with being heavy
buyers on tho decline. Washington
dispatches state that the Treasury to-
day transferred fl0,OOO,OO0 in gold Ia
the New York assay office, Ia facilitate
the exchange II foreign com. s. Paul
earnings are so 900 for the third week
In October and Northw cstsre So 900 ior
the same period. The drst insiallment
of the g, 900. 90 Of the Denver and Rio
Grande railroad extension pool, amount
ing 10 100000 was all
raid in by the subscribers
to-day to Walrskofrer a Co., the 6nAn-
cial agents Of Tie company, the balapco
10 be paid in hall million per month
for the neIt eiIht months.
The Transactions aggregated 1900
shares, Of which 1900 were Erie, H.
600 Lake Shore. 1900 Wabash, 5000
Northwestern, 1900 ~. Paul, 5000
Delaware, l.actawanna, and Western,
1880 New Jefsey Central, 1000 Del
aware 4 Hudson, $500 Michigan Cen
ual, 10000 uIton Pacific, 300 &. &.
&. \ /, II, 900 H. Joe, 1900 Ohios, II 600
Western Cnif, 1900 Pacific Mail,
1900 Kansas uity and Northern, 1900
Kansas and Texas, 5000 Northern
Pacific, $500 Iron Mountain, $500
Nashville, Chattanooga and ~ Louis,
5000 indianapolis, Cincinnati and La
iayette, 2,OOO lake Erie and Western,
II 900 ~ Ioui, a San Francisco, 5000
Louisville and Nashville, 5000 \. ].
Southern, AMI 1000 Paul and Min
nesOta