The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-10-25

-.
Pef cent closing Of 0 per cent, Prime nlrF
elnule paper w per cent Sterling ex
change " SOk. Sight exchange a SSk, Db
goods Imports for the week Sits, 900.
9ovRRhhESfs-Qulet and weak. -
gsIted stlsss Is d 1881, coupons.
~ HOAI AAa bAlll
~t'eAeN ALI
Bar silver lax.
klLRoAp BoHbs-lrfcgulAr but In thomRln
lower. Kansas Pacific income No. l6 were az.
eepHonally strong and advanced az per cent.
Y: q q ], Q. hntssold up 70 7OX d. seconds
srATE BoSnl-Dnll and generally lower.
1he money market was stringent up 10 The
elose. and while tSAk per cent was paid IN
Aadltl0n % tue legal nate early In the after
noon the closing rats was pef cent Il b..
came clear before the day clOSed That M
stringency was purely artificial and was he
work Of one or two large Sp.CuatOH WHO had
borrowed all the money the could and with.
held Il together with their own from lSs In
the loan market. The object was TO hresI
stocks for the purpose Ofbuylng Atthe Stock
exchange tue excitement throughout the
iAy was Intense, and transactions on very
large scale. The Sual speCu'at0TS receive !
lively shaking up, and slim margins were
wiped out With great npldlty. In early deal.
mss prices yielded y tO6H per cent The
eNal shares, Pacific Mall, Etie, tho GnngeS
aud southwestern shares leading the down.
Natd movement During the afternoon N.
eoyefy Of u 70 SH per cent took place, bul
tne advance was partially lost IN tue closing
dealingA Theohlet cau'eot the sharp decline
was the locking up Of t0n million dollars and
Tue refusal Of the banks TO accent tho lIRll'
Iamct that have hitherto passed muster a
collateral.
Th6 uraphic eayS: The screws were put m
the money market to-day, and BY parties win
were least expected 10 be engaged In that bus
Ines. II was supposed that Nj. SaRe's inter
est Of the long side was sufficient guarantee
against his tightening mOnGy, but things or,
not always what they seem. Thera were hp.
parently we'll authenticated reports that Cer,
tain large hOlde1 Of Southwestern stock an,
other shares Of Western roads, had called In
loans for the purpose oiSqueeElng the money
market and shaking out weak h0lden oI
stocks. II this was their purpose they I'M.
loubtedly succeeded In partially accomplish.
ing y. Under the circumstances consider.
Ing the great advance that has recently taken
place, the elasticity Of the market was some.
what marvellous. The moment the pressure
was raised, stouks rallied with great rapidIty
some OF the parties engaged Ia pressing tht
market down are credited With being heayI
buyers on the decline.
Washington dispatches state that the Treas.
ury to-day transferred ten million dollars Of
gold to the New York Assay Office 10 iacili.
tate the exchange Of foreign coin,
81. Paul earnings sos, 900 for the third
week In October: and Northwestern tS2,OOV
tor the same period.
The frst inltalimsnt OF the 5000, 900 Ben.
yer and Rio GrAnde Railroad extension poOI,
amounting to 81 900. .0OO was oil paid IN b
tue subscribers today TO WUehSh0ffeF 4
Co financial agents Of the company. Tht
balance Is 10 be paid In ut The rate OF $500.
600 per month for The next eight hi0nthG
Transactions, 7I.0U0 ShAres nf which lla,.
600 were Erie, ll.V0O Lake 6hOre, 2I,OOO Wa.
bash. 20 00O Northwestern, ~ 900 81. Ihui, 3S,.
UU0 LackAwAnnA, $500 New Jersey Central.
1000 Delaware and Hudson, $500 Michigan
Central, II, 900 Union Pacific, 5000 G. c. &L
y, l.lO0 1t. Joseph, 9,OOO Ohio and MisSiS-
sippl, 1900 Western Union, 19,00O Pacific
Mail, QUO ST. Louis, K.nNas CITY aiIU
Northern, 5000 KAnAs and Texas, 5000
Northern Pacific, $500 Iron Mountain, 6,hOO
indianapolis, Cincinnati and lafayette, 1000
Lake ErIU and Western, 2,OUJ NAShv vilis, Chat.
tanoogA and St, ouis, HOO St. Louis and
San Francisco, 5000 Louisville and Nashville,
300 New jersey Southern and 1000 st. PAU
and Minneapolis,