The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-12-20
FINANCIAL AM 0oMMERoIAL,
wRIIStrOst GOssip-NOIOs about stocks
and lIOndN.


NEW YoRE, December l0-The week
opens in Wall lstreet with ragged and un-
certain market, bearish feeling predomi
mating. Tho bulls, however, still predict
better market in January. The attack
upon Denver is still the principal topic OF
conversation, and all sorts OF reports arc
current concerning the stock, among them
the following; That Gould broke the Dem
yer party on account Of an old disagree
ment connected with Mexican franchise;
that 10000 shares OF lightly marglned
stock were shaken out; that Woeris6oiEer
made large payments TO the Mexican Nh.
tional Construction company; that two
banks offered 10 loan WoerishofTer $780,
600 on Denver; that the insiders were out
Of Denver some time ago; that tho Gould
brokers bought the stock Saturday 10 nre-
vent the Chicago, Burlington & Quincy
people from getting 1t, etc,
Now that jay Gould's line, the Missouri.
Kansas & Texas, has been completed to In.
redo, on the Rio Gnnde, makinga through
line from st. Louis to Laredo, u distance OF
1900 miles, the Southwestern system NAV
be said TO be complete. The price OF tile
stock would undoubtedly improve were il
not for the fact that continuation OF the
line to the City OF Mexico Is 10 be pushed
1000 miles further through country that
gives no prospects OF paying business. II
Is this continuation that investors are afraid
Of, but 1t 10 promised 10 be complete in
eighteen months more.
A new movement for tho settlement OF
diilerential rates Is said to be on foot by
submitti the whole question TO the
Chambers OF Commerce OF New York, Bal
timore, Philadelphia and Boston for settle
ment.
The New York banks now lack but S27t,-
200 OF holding full lawful reserve.
Brad'irtets regards the reluctance OF the
general public to take part in stock specuIa.
tons to be a most gratifying trade indica-
ton; and this would be true II there was
any evidence that the general public kept
out Of fstock speculation by business activity
instead Of being scared out by the uncef-
tainty OF the market.
BosToN, December l0.-The Comptroller
officially notified the directors OF the
Pacific Bank that an assessment OF 100 per
cent must be levied.
President Benyon, OF the Pacific Bank, ID
reported dying OF paralysis Of the brain.
Ills physicians have given him up.
NEw YoRK, December lO.-R. NJ. Knapp,
Ill Broad street, posted himself to-day 1T
the Produce Exchange as unable to meet
mercantile obligations: His embarrass.
ment is attributed to the decline in proyls-
ions.
Quayle W. 1Iouk recently made an as
signment. Liabilities $5l6,O25; nominal
assets SS,444, actual assets $G,OOO The liza
bilities are mostly mortgages. The value
Of the property Is not given in the sclied-
Sle OF assets.
CtNclSNArt December 1O-J. T. War.
rem & Co.. dealers in staple and fancy gro
ceries nude an assignment to-day 10 j.
W. Heron. No statement OF the assets
and liabilities has yet been made.
The firm Is an old one, founded In
1912, by $. 7. Warren. The partners
now are Mrs. Warren, s. b. Warren
and Robert L. Smith. Bradstreet's agency,
rated their net capital from 100000 10
$l50,000 and shaded their credit slightly
owing to the iact Of not taking advantage
oil cash discounts in buying. The firm Is
one Of the best known in the city, and has
always been regarded as thoroughly sub
Stantial.