The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-11-21

NEW YORK, november ZV.-nONkf-t Pc
cent. per annum, u per cent per diem, clos
Ing Of per cent. Prime mercantile paper
q parent. sterllngexchange strong at 81 sOH
Sight exchange $Is4.
GovEKEMESTs-Steady.
yuIea States 6, Of 1881, coupons
New
Nav Four aud halls
New
Currency Us
RAILROAD BoHDa-Heayy and lower; Erie
conSol seconds fell or from 81 to SIX and
recovered ~ s8ii; Boston, Hartford and Erie
frsS fell from So to 81; Kansas and Texas con,
slls asJented from u to yOH do seconds from
IS to 46; Chesapeake and Ohio trts series
b, from VI " 10 60N; do currency q from
IS to 81; C., T., & |, c tirsts closed at 81.
STATE BoSDs--Dull.
SrOCas The Stock Exchange to-day was
THE scene Of wild excitement, consequent
upon renewal Of the downward movement
OF yesterday. Tho transactions we're the lar.
geSt recorded aud the fluctuations wide and
violent. As soon as the market opened there
wa, great rush to sell and prices tunlbled
rapidly, the pressure TO sell increasing as the
morning advanced, AT Rnt Erie aud The coal
stocks led the decline; then many Of the new
share participated, and finally the whole list
broke down. Tue decline ranged from | 10
"a per cent and was attended with IN euor.
nous business In many VI the active stocks
The downward movement was lnauguruted
by some OF the large spectators who sold out
last week, and who, finding tue market did
not yield sufficiently under their sales, made
3 bold attack along IhewhOe line, particular.
ly on Erie and tue coal roads, This attack
was begun last Monday and continued with
increasing iOrce each day until to-day, when
1t resulted in the decline already noticed
The break this morning caused the brokers
TO call on their customers for more murgin.
and many spectators not being able to re-
spOnd were said out, which assisted the gen.
eral decline. Again there were a large NUN.
Der OF stop orders In the market, and the sales
Of stocks against these tended to add to Inc
denOraliBItlon. The telegraph also brought
In orders to sell, and for u time there was A
general scare The bears called upon the bulls
for additional margins, and money was bid up
TO 4 per cent per diem and interest, all Of
which OF course had an adverse influence on
values. There was rally just before meriui.
an OF u To 3H per cent, watch was not sus.
talned, and the market broke again. AT the
second Bo4rl there vas another recovery,
which was also subsequently lost, but after .
O'Clock the scare Of the earlier part OF the
day subsidized very materially and a much
steadier feeling prevailed. There was gener.
al Improvement in prices, ranging from y to
So per cent from tue lowest point of the day,
In this upward movement nearly the entire
list participated. with the greatest activity in
Erie coal stocks aid Granger shares. Just pre-.
vtUuS ~ 5 o'clock, money was bid up 10 u per
cent. per diem and interest, which checked
the improving tendencyof the market and
caused Il reaction in the final sales. The events
OF the day were freely discussed in and out OF
the Exchange, and tue general opinion pre-.
vailed that the market would resume its old
buoyant tone as soon US the leading operators
acquired what stocks they wanted. The un.
certain element in the situation seems TO be
the time required to complete the acquiSi.
ton.
The Post says The leading SPECTATORS to
whom the depression Of the week was mainly
due were to Guy large buyers they taking the
stocks furnished on telegraphlc and mail or.
ders. Whether these large spectators have
yet got back their null lineO shares is cues.
tlqn, but that they have replaced former hold.
tngs to considerable extent is beyond doubt,
The Graphic remarks: The effect of this
bear raid, for 1t is really no more than that,
on the general market cannot be otherwise
than he4lthful. II will serve to bring into
the market solid buyers for sound stocks,
which, when the Profitable character Of the
traffic now being done by tho trunk lines and
the p!entitude Of money, which is certain to
soon prevail at this point, are considered, they
cannot expect to buy much cheaper this year.
Another financial writer says there we're in
this afternoon that both Gould and
Sage were buying stocks for Gould. Special.
ties we're comparatively steady while
Others were unsettled. Vanderbilt's
friends also came to the support of his special
ties. II is believed tomorrow will be the last
day of the raid, but it is not reasonable to look
either for steady or strong market for some
days. Outsiders will be deferred from epecu.
IaiiOn until they see decided reaction and
m re cOnndent buying, aud 1t may be the
market will not resume its natural tone be- |
fore next week. Its believed the Secretary
Of the Treasury will soon begin purchases Of
bonds for the Sinking Fund and that on the
strength OF this another bull movement viii
BE- inaugurated.
TIE transactions reached the immense
aggregate OF 6S2,UU0 shares, of which 2l7.OOO
wers Erie, 1900 Lake Shore, 1900 Wa.
bash, 80 900 Northwestern, 1900 st. Paul,
1900 l.acEawanna, 1900 New Jersey Cen.
tral, 1900 Delaware and Hudson, 1000
Michigan Central, 5000 Union Pacific %.
100 c. {. & l. O., 1900 Hannibal and
y, Joseph. 1900 ohioand Mississippi, 1900
Western Union, so 600 Pacific Nail, 1900
Wabash, St. Louis and Pacific. SO COO. Kan.
SIS and Texas. 1900 Iron Mountain, 1900
Louisville and Nashville, II, COO Northern Pa.
ciic, 5000 indianapolis, Cincinnati and La
tayette, 1900 Chesapeake and Ohio, I0,O00'l
Reading, 1000 st. Louis and San Francisco,
1000 Nashville. Chattanooga and st. Louis,
., 600 Alton and Terre Haute, 1900 sutro Tun.
mel, l,200 Mobile and Ohio and 100 st. Paul
and Minneapolis.