The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-11-03
THE STATE OF TRADE,
THE LATEST TELEeRAPHIc REPORTS
OF the Condition Of the Markets at the Leading
Trade COatsrI Of the COuntrY The Railing
Prices for the Principal staples Rlaaa.
eal And COnnerslaI Affairs.

NRW YoRE, November 2-MoNEY-6a6 per cent
Prime mercantile paper 6aT per cent Sterling HI
SaSnge bankeH hlli weak at 81 s0li sO1S; demand
GovERSMESu-steady and unchanged.
Us, 6 extended ;,,-lOl sLP&sS.Cil fstS-lOO
y s, 8, extended. ,lOlJ U. Pacific honda lkts ilB
~ eoupons...,.....,-nS y. I. land GRlntA,.llS
F;cI8o 3 " T:1;s T. q i ficHS Z sSp .d ris ~
Central Pacific, lSt, us Tex. Pac, RIG. piY.. s9l
Ere a, 4 seconds; 1S,;; ;,,..,'',,,iGt 'oaered.
RAILROAD BoSns-GeneHlly firm in tho late deal.
lngs.
STATE sEcuMTlrs-null and generally nominal,
Louisiana ConSOla-. 90 JYinyinia 6s........,..-s7
Missouri 6s.-.., ..,.,lll Virginia consulS, ex.
~ eph.:..'''r-'''.-lS tFa mat; coupons --s9
Tennessee 6a..n,n,,,,, 6Y3s Virginia deferred. u
Tennessee o. nGW",,, 6JIS NOHeFpd.
STocKS-The market was weak In the early deal
ingS and prices declined kalJs per cent, PaGIfic
Mall, Denver & Rio Grlnde and Michigan Centml
leading the downward movement. About II O'Clock
speculation became trnler, aud All advance nl lfal
per cent took place, the latter In Northwestern pre-
ierTed; This was followed byR reaction Of ila54 per
cent, but during the afternoon the market again
became Alfung, and after the Second call the general
Wv showed an Improvement Of i+a295S per cent tho
latter IN ETeCOmIROn preferred sock GnnFer and
lhs Trunk Line shares penyer& & Rio aFande, Louis
Vile 4 Nashville and Northern Pacific being also
prominent In the advance. Metropolitan Elevated
sold up ~ per cent TO lO0 reacted to W and rallied
% va. Oregon Navigation declined II y per cent
inc general market closed firm, but sOihc stocka
The GOmmercidl Bnlloim says; The new feature
was Erie In the share Market which advanced %
46N on larEe purchases, chiefly hrokers
had induced Mr. Vanderbilt To accept Inc
Presidency, airport which Ahould 10 received win
much allowance, vanderbilt stocks were strong,
but there was no Indication that Vanderbilt Or Ills
immediate friends were buyers. Gould stocks were
also strong, but not nOtcA6ly NO eKCept MciF0nol.
ltan Elevated. Undoubtedly Gould s the principal
support 9t !he market and with his skill Rsnanlpn
latOr and his large financial resources he Is hn.
dOubteily great power, Whether his inanipulh.
lions aTU Tor IhG purpose OF selling stocks or for tho
bull campaign hA question about which the butt
opinions are divided. liz hOlsau enormous amount
Of Western Union Telegraph, which, on paper,
shows him at the present prices profit Oi 90 10 I'd
per cent and some one has sold great deal Of this
stock every time the general market has been made,
strong IN the last few weeks, and there aTu thoSs
stock.
The speculative situation Is very confusing,
and on this account prudent spCculAtOrs ArU doing
very little in the market and putades are dOlug
next 70 nothing. ltVRnderbllt IA prepQringt0 bo i
bull then principal bear influence on tho market
Will soon be Withdrawn. But this again Is one ~
the points about which there arc Thousands OtSur.
mises but little or no knowledge, 50 far "a influence
O. arc concerned, about which Judgement can bo
exercised II known that the grain crops arr much
OF the railroads In the next six months; that rates
are much letS than year ago that we arc lmp0rt-
Ing less gold than year ago; and yet that prices Of
stocks are Us rule considerably higher than ayear
ago. I.
The earnings Of the Denver & Rio Cinnde nIlrnad
for October were S65 $50, against SiT3Sls the amo
month last year. The earnings since January arc
S,O2G G6S. The nnnher Of miles In operation now
are D7O, against hjl miles the year prevlOuE
In mining stocks the market Il fairly active and
closed strong the State Lines two and three advance
Ing to 50 80 and 0rlentAl& Miller TO 80, RObinSOn
Consolidated declined 10 Sl2 S Total sales at both
Exchanges 1890 shares. South lncihc was the
with much excitement, The stock opened AZ * 10,
sold down 90 g. then advanced quickly 10 % 20,
closing with the latter price bid. Tie activity aud
strength Of this stock q due To the reports that the
mine Is rich and owned BY capitalists,