The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-02-25

INV York, February 2,-hoHEI-Markei
quite stringent ssaiR to-day and ranged be
tween l.S2aX per cent per diem, In addition
p legal interest, closing at KAN per cent PEI
alem, per cent per apnum. Primo mer
camille paper AXAR per cent Sterling b
SSa a,agE banker bills, actual business, u SIX
demand y sSLi.
1oySRsAEsT BoHps-WeAk and haN pei
Sehs lower LOT all Issues except four.and.R
nAlA Wnleu We're unchanged,
United States O. OF ISsl, soupon, .lOIL
New FiVa coupons. i6O
New -Four and hAllI
New Ropn eouponl. VI
PAGiAe u Of 1895 l2S
RAILROAD BoHDs-ln this market the faa.
lures were Rrie second consols which ieli a
90 from 993l, then advanced to 100 and closed
at 99Ma99k; Kansas 4 Texas seconds, which
fell 70 so from sOA, then recovered TO SAX
aud again declined to s2N; Lshigh 4 Wilkes.
barre consols asiented, which declined "a
l09Aal09K from NIX; O. O. & |. =, income
to SO from nix, and later recovered 10 e9k
which fell to l2SK from 1875; Mobile q Ohio
frat debentures which fell TO So from u u and
then advanced To SO; New York elevated first
which fell TO llS from 10; Louisville 4 Nash
Vile general mortgage SKIES which fell Y
102 Ifal02K from l0iN; and Ohio q Missis
sippi seconds to lax from l26,
STATS BoNDs,-lu light demand.
Louisiana ConsOlS,,.~ G Virginia Ga,.,..,.,,.. IS
Missouri 6I-...,.,sll3 Do ACKNOWLEDGEMENT 90
81, .,.,,...ll0
tennessee O. .,,..., IS Deferred.
DO neW""",,.,."""..'8 SOhtred'
SrocEs-The market opened weak and in
the early dealings the entire market depressed
and declined u to 81 per cent In the general
list, the latter Louisville & Nashville while
the Alton q Terre Halte preferred sold down
to ll6, hestoCk being offered ut l2T at the
close yesterday. The stringency In the money
market was the main cause Of the weakness
and on announcement that the Secretary Of
the Treasury would immediately redeem on
presentation thereof twenty-five million dol
hundred and first call Issued Monday spsou-
latiOn assumed an extreme buoyant tone and
q brisk buying movement was inaugurated,
which resulted In rapid advance, ranging
from to per cent, Hannibal & Ut. Joe lead
ing In the rise, Denver & Rio Grande, New
Jersey Central, granger stocks, Texas Pacific,
Western Union, Central and Union Pacific,
Lake Erie 4 Western, Louisville & Nashville,
Pacific Mail aud trunk line properties were
also prominent In the advance. When the
excitement subsidized the price reacted Y TO
SIX per cent, the latter in Hannibal & St, Joe
common.
During the afternoon the dealings were r.
regular, but late in the day, Notwithstanding
the hardening tendency OF money, recovery
OF kalN per cent occurred, which was, how
ever, parity lost In the final sales. The mar
ket closed Irregular.
From tue Post: The money strlngency in
the last hour was extremely severe and stock
brokers pald as high as u Of one per cent per
day, in addition 10 per cent per annum. So
high rate has not been paid since 1878, Not
withstanding this extreme stringency the
stock Market while very feyerish, rose, be-
cause Of dispatch from Washington saying
that In addition TO the prepsying at par aud
accrued interest such Of the twenty-five
millions dollars Of called bonds, due March
2lst, as may be presented at Washington, the
Treasury Will make q general board purchase
for the sinking fund, TO the extent (limited
only by his surplus revenues) which the
banks put money into the Treasury, to with
Oraw the bank.note circulation. II this dis
patch Is true, It not being claimed official, the
present trouble will be successfully met and
overcome Many othsrrumOrs are current, all
tending to improve the feeling at the stock
exchange, but none could be verified. The
Treasury to-day received for the purpose OF
the withdrawal Of bank.note circulation, In
Lawful money, 80 293. 900, and In checks, pay
able tomorrow and TO be counted as to-mor.
rows deposits 81, 5000 making total for the
day of So 1893, 0O0 against $3,6S8, 700 yesterday,
S2,272,0O0 Monday, and $4,000 Saturday.
This makes tCtal deposit for the reduction
Of bank note circulation Of $l1,0l7,700 ut this
city alone.
The Commercial says that some National
banks In this city have played very con.
temptible part In the furry Of yesterday and
to-day. II Is not the hrst time they have
acted in this way against the public credit.
10 one instance which we do not care To name
at present but which will be understood by
most OF the Wall street people, the want OF
loyalty TO the public credit has shown itself
on all occasions from the outbreak OF the
'lvil war IN 81 down 10 The present. The man.
ager OF the concern In question Is simply q
hair.brained theorst In banking II Is pity 10
the earring house association that he Is toll.
Grated US the leading spirit In directing their
policy especially Us hislhostilty to the national
banking system Is opan, undiSRulsed aud bit.
ter In the extreme,
Later advices from Washington point TO O
prompt and radical action on the part Of the
Secretary Of the Treasury 70 put stop u the
money panic which certain banks OF this city
have engineered TO arrest the Funding bill,
The information Is that the Treasury will pay
out the money thrust upon the office In this
city for surrendered circulation In purchase
u United States bonds II the latter fail 10
come In freely on the notice OF this morning,
Transactions OH 900 shares.