The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-12-03

RAILROAD bOhpb-AUtlft uuL HEeBulhIs lue
important changes were an advance Of l. per
cent In Chicago, Burlington and Quincy rs,
and Iron Mountain Eds, preferred income, IL
per cent in Erie funded Is, and per cent In
Lake Shore registered frsts. Kansss and
Texas seconds, In the morning advanced ~
to II, but in the afternoon declined TO 10, and
International and Great Northern seconds in
comes TO 95X.
SrATE BoYDs-QuU. There was an active de:
mand for money throughout the afternoon,
and the ruling rates were Nak per cent per
diem, In addition TO six per cent per annum.
Just previous to the close, loans were made at
Ha3.i6 per cent, and after o'clock loans were
made at plain 8 per cent.
Missouri Do w................. rs
ST. Joseph. Louisiana Copsols.. 6lH
Tennessee q -...'.. GonSols;rr' ..'..'lS o.,
10 neN..'.'...'''" De4etttu'''''' ''''''''' lHh
virginia Harmonious " !
STocKs-The market opened Stong and adj
yanced u 10 per cent subsequently, de-
clined HaH per cent and later advanced 4 to
* per cent. Toward noon speculation be-
came depressed and heavy pressure to sell
was developed In the leading shares, which re-
suited in a steady decline in prices. The
downward tendency continued throughout
the afternoon and late sales showed q decline
from the highest point OF SR per cent in the
Northwestern and x to 3per cent In the gen.
eral list, tho latter in Delaware and Hudson.
In the final dealings irmer tone prevailed
and the market closed at . recovery OF Y to
u per cent. There were rumorS OF settlement
OF the short contracts In the Northwestern
common late In the day and the weakness Of
stocks was ascribed to these rumors Nothing
definite, however, could be ascertained in re-
gard to the matter.
The Graphic says: Goulds friends say that
he has fully decided to retire from the Union
Pacific directory at the next meeting, and
states the cause oil his retirement ig because
OF the disagreement and opposition from the
proposed consolidation with the Central Pac-
lilo road. Nearly all the journals have fallen
into the error Of repOrtlnga great decline In
the Louisville, New Albany and Chicago
shares. On the payment Of 20 per cent cash
diyident OF 10 per cent on the first mortgage
bonds was recently DECLARED. The present
stock Is selling at ex tra dividend. Tho market
value, with the dividend, 10 about l08.
From the Evening Post: Private advices
received to-day by leading bankers say that II
gold exports to this country continue large,
the Bank OF England rate will be put up,
otherwise it will not be changed. The steamer
Oder brought $l,00i,4e2 in.toreign specie
British and FEsnqh soip, and the Cambria
S2l2, 800 In French coin.
The Treasury, up 10 noon to-day, hau Deen
able to get only $4,000 Is OF 1880, at 102E.
The money market continues stringent while
8 per cent Is the rate at bank. Borrowers on
stock collateral ara paying Of The etoek Ex.
change, commissions ranging from 1888 to Y
OF / per cent per day to get money at the bank
rate. Long time loans, maturing after January
18th, by which time the money market should
be easy, are TO he had at from 0 to per cent,
but tosHs up 70 that time cost q heavy COM
mission.
The bulletin says Notwithstanding the
hopes OF yesterday that the money squeeze"
had eliminated there has been no day when
borrowers have paid higher rates than to-dsy,
nor when there has been greater difficulty In
getting loans A very large part OF all the
money borrowed on stocks to-day cost com.
mission, and yet with this money market the
rates for bills on London we've advanced Y
cent for sixty days and full cent for short
date remittance. 1t looks o. II the limit Of
utilizing London capital TO support New York
speculation was not far of, as We know that
several influential bankers to-day got word
from London that anything like continuance
Of the present movement OF gold from Lon.
don here would be met byIa decisive action on
the part OF the Bank OF England.
Transactions $500 shares,