The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-12-01
THE WHEELING DAILY MORNING DECEMBER

Eood - e0aS IS; atocken g 60RS u; Texans
StraiEhl at q 76aS 90.
SREEf Receipts 500 head. Market quiet
and weak; common 70 medium t3 00a8 70
good to choice IS s0atSQ.
rev York. Money and Stoehs.
NV YoEE, November S0.-noHEI-AArkst
active II 0 per cent per Rnnumi u per cent
per diem. Prime mercantile paper 6ae PEI
cent Startling exchange bankers bills weak
at 81 1Dk; demand 81 e0K.
Produce exports for the week 81, $4,000:
The StHngtncy 10 the money market dur.
lug the afternoon was most severe, In wall
street for 3 long time past stock exchange Dor.
ruWen bad 10 pay y per cent per diem, and
Ier cent per Annuni.
GOVERNMENT BoIpl-6teAdy for O., bat
weak and * per cent lower for other Issues.
Unisd sNlss q 81 ISsI,
New IiTU
New -Four and halls couponL.
Nov FeuH eoupons' ~
RAILROAD BoSDs-UnSCttled and generally
lower.
srATk BoSpB-ModeratOly active.
= JosSpS...........itS SuiaShG COnsoi...
TSH11asss e . '.''''''-iS ~,
70 DeistI.u'''''''.' ''''''' IN
STOCES The stock market op0ne1 generally
strong aud In the early dealings an advance Of
4 10 ~ per cent took place, Northwestern,
Nashville and ChAttan0oEa, Western Union
aud coal stocks leading In the upward ten
dency. Toward noon, under the influence
OF tight money, heavy pressure 70 sell was
developed, which continued throughout the
entire afternoon resulting In steady decline
IN prices, closing quotations being In most In.
stances al the lOweAt figures Of the day. The
decline from the highest point ranged from
X to Az per tent aud was most marked 10
Telegraph stocks southwestern, Delaware,
LacEawannA and Western, Michigan Central,
New YORK Central, 81. Paul, new jersey Cen.
trail Chicsgu, Burlington aud Quincy rose 8
per cent early In the day and later reached
IL per cent with final sales At recovery OF
per cent
louisville and New Albany stock, which
some months sinee sold At 100 and upward,
aud which has been neglected for long time
pa,t, was offered At from 10 to ~ before Il
found buyers. There we're unusually heavy
trans AZ tons In buyers ut 10 options 10 stock
al u 10 / per cent above the price In rrgu-
lar way. Long bland Railroad stock, which
up to yesterday had not been dealt In the
Exchange for lJng tIIue, to-day advanced
fFUm 70 ~ % bid Al the close. BuAineSS In
the Foreign Exchange market was democrat.
lied and nominal, Ia fact Il was difficult 70
sell bills, this largely on account Of the pres.
sure Of the bulls 10 raise money.
The Treasury to-day bought $4,000 Of es
Of Zoe,
The couse OF the stock market during the
LAST hour Of the business was largely In syn:
pAthy with the cUurse Of money, when the call
loans fell Utf for EhUrt time 10 per cent, |
stOcks became firm and rallied, but when Toe
nate advanced to y pr cent, and the inierest
ahsR.s Nnn bat Nana RnNah HnRFaslnH 1hRRA l
vas great pressure " sell In tue late dealings
and OONnWArd movement was accelerated
by number u stop orders IN the market
The liquidation Of accounts, backed by slight
margins, W4s quite marked. Leading opera.
tJFs were accused VI looking UP great sums Of
money Ia OrLeT 10 subserve their purposes In
the stock market, which was to bring cheap
stocks under the cover Of decline.
The Graphic Ssys: Speculation to-day has
been influenced entirely by movement Of
money which wa stringent from the start 70
tile finish Is II per cent for tue days Use be.
Ing paid quite u nerally In some cases by hrst
Class hvuSss. Ihe weaker holders have as n
natural result ben forced TO sell out, and
ultimately greatly ben. fl tho speculation In
more solid stOcEA Money Is legttimately
close and the prospects are thAtit will con.
tinue " work 80 for some time to ccme.
AT the Sme time there has been an open
manipulation Of rates and this too may
BE- expected TO DO continued until the
parties concerned become tired Of II
or succeed In acquiring their lines
Of stock at drsiied figures. There
will be considerable payments On Int rest nc.
cuunt Tomorrow and during the early part
OF the month, and heavy amounts Of bullion
will arrive here this and next week from
abroad. These should unke the loanIng rate
CASTE unless It Is interfsred With. il was
u noticeable fact that the strongest stocks tU.
day were thUSo In which for the most part the
most decided vance has been made On the
recent movement. Erie was very strong
throughout, and buying, as for many days
past, was at the best,
The solution OF last weeks sudden activity
and advance In Lake Eric and Western stocks
Is finally solved by thsannOunc, ment that a
syndicate Of CApltIliJIS has been formed here,
who have subscribed sutHi lent amount Of
funds for Tie immediate construction Of an
important extension Ut the road, and which
will p! Obably make the lie an important one,
aud render It an assured success. Large pur.
chASes made In the nIrAet were for The nc
count Of different members OF the syndicate,
but Aotle lnrEe blocks OF stock were bought
outside on private terms
Transactions SD7, OOO shares