The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-02-24

per diem, closing at per cent per anuum
u percent per diem. Prime mercantile pApe
4ab per cent Sterling Exchange banken' bill
weak at 81 50; demand ~ SAX.
GoyERNMENr BONDs-WeAk and Kak pc
cent lower.
Saltea sAt q Of 1881,
NV 1901
NJ p suu haiie l2l
SSG FoaE1 9
racine " 0t 1925 l25
RAILROAD BoNDs-In this market Mobil,
q Ohio second debentures fell 10 80 from So
10 lrst deCentIlres declined to S2k from ~
jersey central income TO 1851 from los, and
later, recovered TO lOI Rome, Watertown 4
Osdensburg iFsts declined u SO from BOX
Kansas " Texas second COnsols to SS from "a II
Indiana, Bloomington II Western seconds L
W from VI, and Boston, Hartford Il Erie first
70 81 from b8h, Chesapeake & Ohio tirsts se
ries Is, declined 4 to 81, then advanced L
SSK. '''S' "
STATE BoNDs,-Dull and nominal.
Louisiana ConOOG.,. 90 Virginia Gs,........,... 8S
=, jc,eph "''r.'"-l97 Go9sOls,,..",. .,.,"...li2
Do SaSfrs sSS.rsj. ~ u
STOCKS = Ilte market opened generally
strong and higher, and subsequently, rose /
fraction, making full advance VI u to 8 pel
cent, the latter In New jersey Central Befor,
the llrst board, however, the entire market
became weak md prices took downward
turn. Speculation continued much depressed
throughout the afternoon, and although
there were occasional slight reCoyeries price,
continued 10 tend downward up 10 the clost
Of business, when the lowest figures OF tho
day were generally current, The decline fr mi
tho highest point ranged from IN per cent,
the latter In Oregon Navigation. Pacific Mail
selling OFT ~ per cent; New Jersey Central,
Reading, Nashville, Chattanooga, Northern
laCillO preferred, and Chicago, 81. Louis and
New Orleans, per cent; Delaware, I.acka.
Wana q Western, 3A per cent; Texas Pacific,
81 per cent? st. Paul, 3X per cent; Canada
Southern and Wabash Pacific, 3K per cent
Iron Mountain, 3h per cent; Delaware &
Hudson and Ontario & Western, w per cent.
Denver & Rio Grande, 4 per cent. The de.
preston was due 10 the ,trIngency In the
money market,
The Express says; The uncertainty In re-.
gard To the funding bill and continued deposit
In the sub'treasllry here Of gold and legal
tenders by national banks 10 retire their cir.
cuIalion were all the absorbing topics OF dis.
oussi0n In financial circles to-day and OK.
erctsed marked influence Oh the stock and
money markets.
The sub treasury received Saturday last
u ,S6i ,OOO cash to retire from circulation, on
Monday 81 672,0 900 cash and to-day $2225 900
cash, which includes the checks dcpositeI
Monday and collected through the clearing
house to day. This makes the total cash re-.
Coiyed ut the Sub.t easury here up TO the
present time $G, ,B38, ,00O The banks on satur.
day last held only $3,sO7 ,276 reserve above Is
per cent required by law, 30 II can easily be
seen why this action should affect the money
market unfavorably as 1t did to-day. Money
was sharp Ut o per cent ut the very opening
and continued TO grow dearsr until after Q
O'clock, when the call leans on the Stock Ex.
changa rose to SG per diem and legal interest.
The immediate effect VI which was sharp and
u general decline IN the stock values.
The SublreaSury WAS Il creditor at The Clear.
Ing House this morning to tue extent OF st..
l70t 900, which Is a very unusual thing, Some
OF he National banks are aggravating the st.
iiatiOn by inducing their country correspond.
ents 10 deposit gold and legal lenders IN The
Treasury to retire circulation, and by all
Llanner OF threats as 10 what they will do IN
the future. No such financial bnld0Zlng OF Con.
gress and tho President was ever before resort.
cd 10. IL remains 10 be seen whether Secretary
Sherman will come To the resClle Of the money
market and tliwart the designs Of those who
Try " deranEe the monetary situation and dis
turb legitimate trldC
A dispatch from Washington says; The
banks claim that as the funding bill now
stands II would be impossible for bank de.
Siring TO 30 out Ot business 10 do 30. II Is
now proposed 10 refer the bill 10 the Ways
md Means Committee for The purpose OF
y 30 as 70 remove this objection
Tim ptthIto 0uvI. n ll,. H..
ars Of The Nashville Chattanooga d IT, LOUIS
road have been striving to obtain through the
courts some protection for their rights. Itisl
now no secret that proposition 10 lease the
road with guarantes Of six per cent diyi.
lends upon It's stock was under consideration,
Such proposition. backed by railroad mag.
Mates OF und0ubted ability, could not have
Ieen refused by the majority now held by The
louisville Il Nashville interest without
placing that interest in a very embarrassing
position In the courts. The only easy way ol |
lvOiIing TINT embarrassment was 10 |
10 even better for tho stOokhoIders
md the fact that the toad Is capable Of eatn.
ng more thAn per ceut clear OF oil Oh. |
rating expenses and Interest on debt was
inown To The managers. Recent movements
II the market Indicate that some arrange
ilsnt satisfactory 10 all parties IA In contCn.
,latiOn. fer all appear TO be buying tile stock.
iut the statement that full settlement
ias been made, and that oil pending suits
AVE been withdrawn, Is certainty premature,
The following are the Graphic items:
Il. =. Hover oilers ~ make one Of party
Il five capitalists u lake the entire new 3 per
ett lean from the Government at par.
Officers Of The city banks generally express
themselves as much gtatifOd over the pros.
'eit OF the removal Uf tax on deposits This
lx brings IN only about six million dollars
II told To lie Government To such concerns
5 importers aid traders. which has deposits
I upwards Of twenty million dollars, tie
epeal Of this tax Is All important COiisidefa.
lon.
1t Is said that 81 100000 worth OF Louisiana
Tate COnsOls lave been bought In New
lfleans by New York bankers, chiefly for
Lipment 10 Europe.
Various Pennsylvania authorities report
overwhelming demand for coal
nj only complain Of tile scarcity OF cars and
illCully Of getting them back, owing to theif
cling widely scattered. Ali kinda Of cars
re being used for the transportation Of
Dal 10 the West.
Transactions, 49,, 900 ahates,
/. r. bonds.."...,..-lis La E. a W,...,,,,.,. RAJ
p, b1ndh. illI flhiaFtAl N ItsiSsI SSV