Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-08-26

cent Sterling exchange, bankers bills
steady at 1901; demand at Asst.
SiLvER-At London 5lsd per ounce;
bar silver here llot; subsidiary silver
coin / per cent discount.
GovERSMESs-Weak at I to 4 per
| cent. lower, the latter for fours.
Skies ioo
New ...-.---.--0i
New Four-and one hair. coupons ....... ....iiSS
New foun ........-..--lls
Pacific SKIES OF -
RAILROAD BoSDs-Fairly active but
generally weak and lower.
STATE SECURITIES
SrocEs-The market was irregular af
the opening and in the early dealings
was unsettled, but in the main
weak with q declining tendency
At the first board the general list show
ell decline OF | 10 .! per cent, Union
Pacific, Denver and Rio Grande, Kansas
and Texas, Missouri Pacific, New Jersey
Central, st. Paul and Michigan Central
being the most prominent therein.
After midday 4 fractional re.
recovery took place, but speculation
soon became depressed again, and dur
ing the afternoon a decline of l to II
per cent. took place in the general let,
while New York Elevated dropped u
and Metropolitan Elevated . per csos.
The general list rallied fraction in th.
late dealings, but closed rather weak.
Memphis and Charleston declined q AMI
recovered . per cent.
From the Erprcs The declin. in tn
stock market to-day, as well as in raIi'
road and government bonds, Was due -
Washington advices, whish were con.
strued on the street to mean tha,
the President was worse, and
also sharp advance IN the 6ank
OF England rate OF discount
which spectators on bear account be.
lieved would stop a How OF gold TO
America. The latter theory will prob.
ably prove iailacious. A higher rate Of
discount may possibly check the gold
movement for moment, but II cannot
stop Il unless something should happen
to cause general return Of American
securities from abroad. There Is large
balance OF trade in our favor, and new
cotton crop will soon begin 20 move,
which will greatly increase our exports
and cause exchange IN rule at points
where gold must come this way.
From the Commercial BuIaiin The al.
vance in the Bank OF England rate, OF
course, is for the double purpose at
tempting to bring gold 10 London from
the Continent aud checking the move.
ment from London 10 New York. IL
the former can be accomplished less At
tention will be paid 10 the shipments To
this point, for the Bank OF England
year ago was content 10 let rs draw be-
tween thirty and forty millions for the
reason IL could draw IL from the Con.
tinent. The effect on rates for foreign
exchange here was 10 adjust sterling Tor
4l(a43 per cent discount on the market
in London for American bills. The &C.
ton OF the Bank Of England did not
have q depressing effect on British con.
soils. On the contrary they advanced
tGat per cent. Ii was used 10 depress
stocks, and WAS supplemented by un.
favorable private advices from washing
ton as TO the condition OF the President.
Without doubt the stock market will
feel relieved when the suspense about
the condition OF the President ceases.
and thus whether the suspense ends, as
every one wishes by his recovery, or ~
all would regret by his death. IL is
thought that when this element oi un'
certainty Is out Of the way, the trunk
line railroad representatives 0i aspccu'
latiye turn will promptly bring the rail-
road war to an end. This, however, is
only speculative conjecture by good part
Of the street.