Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-02-25
BUYING AND SELLING.
GENERAL MARKETS BY TELEGRAPH.
Honey Stringent At 6 Per csat.-Govern.
mens weak and lower-flour
Quist-whsh Fairly Active
Hogs Steady.
FINANCE.
New York.

between l.S2 and per cent. per diem
in addition to the legal interest, closing
i@i per diem. and per annum. Prime
mercantile paper 4!G6 per cent Sterl.
my exchange bankers bills actual busi.
ness at lSli; demand 1881.
SiLvxs-At London 62ld per ounce;
tar silver here III: subsidiary silver
coin i(Gl per cent discount
ovERSNXNc-Wsak and tSs per
cent. lover for all issues except %i's.
which were urrhsnyed.
RAILROAD ..BoSDs-in the railroad
bond markc, the features were Erie sec
ond consols, which fell to W from 99;.
then advanced 10 100 snd closed at s9!(s
9i: Kansas and Texas seconds, which
fell tn 50 from S2i, then recovered To
S2f and again declined Ia S2!; L~high
and Wikr.b,rre cpnsols assented, which
declined 10 lOai S'l0al from mi; q. Z.
K |. &. income to ~ from II and later
recovered 10 col: Milwaukee and ~.
Paul tirs,s II Il NJ. Div.l, which fell Ia
1924 from l25; Mobile and Ohio lst
Il, brnturrs. which fell - 81 from S2l,
and then advanced TO S3; New Yoik
Elevated tirsts fell To lis from 10;
Louisville and Nashville general mort.
gage skies. which fell 10 l02 "a 1921 from
lo4t. anil Ohio AMI Mississippi seconds
Ia IA! from l23.
STATE BoSps-Light demand.
SrocKs-The market opened veal,
an / iu early dealings the entire marx {
was depressed, AMI declined TO 81 pr
cent in the general lit, the latter Louh-
vile arh Nashville, whiio Alton al i
Terre Hautc sold down TO lis, tbs
stock being Offered at Ia at the clas
yesterday. The s,ringency in the money
market was the main ransr oi the weak.
ness. but on the announcement that tho
secretary oi the Treasury would imme.
diaiely redeem, on pres nia,ion thereof.
S25, 900, 900 OF bonds included In the
l0ls, call issued on Monday, ppecula.
ton assumed an extreme huoyant tone,
and brsk buying movement Was
naugurated which resulted In a rapid
tdyance. ranging from ! 10 q per cent
Haaniba! and 81. Joseph leading the
rise. Denver and Rio Grand, New York
Central, Granger stocks, Texas Pacific.
Western Union, Central and Union Ia.
riir, Lake Ere aud Western. Louisville
and Nashville. Pacific Mail and trunk
,nr rop-rties were also prominent In
tho advance. When the excitement
sub.i'.d thr price reacted Ia 81 per
cent. the later in Hannibal aud 81.
Joyeph common. Daring tho afternoon
the dealings wee irregular. bnt late in
the day Notwithstanding the hardening
A Il an al al
,nr crnt ocrurrt d, which was, however.
paril, lost in the final sales. The mar.
kct closel irregular.
From the Posi. The money striBgen-
Y N lie last ! our was extremely Sc
y.re and stock brokers paid ~ high IN
per cent. per DAY in addition TO u per
ent. p,r annum;s ~ hgh q rate hiss not
h.en paid since '7J Notwithstanding
IhiS extreme strinRency the stock
ua-kst. while very fcve,i,b, rose.
because oil dispatch from
Washington saying that In al.
dl,ion Ia prepayink at par and the
accrued interest of such of the twenty.
dive millions Of dollars OF called bonds
Ine Msy 2ls,, IN may be presented at
Ws.hiu, on, the treasury will make
.n,ral hond purchases for the sinking
iund 10 the extent tlimitsd only by bis
surplus revsnues) of which banks put
mor,y into the Treasury to withdraw
'he hank note circulation. IL this dis.
n,,ch IL tine, il not being claimed that
il il official, the present trouble will bs
successfully met and overcome. Many
other rumOrs are current, all tending 10
improve the feeling n. the Stock TX.
change, but none could bo verB.-,i.
The Treasury TO day received for the
purpose Of the withdrawal Of the bank
note circulation In lawful money 81, 2J3,.
600, and in checks payable to.mor.
row and 10 be counted in 20 NOR.
rows deposits 81, 500. 900, making q total
for the day Of s., ,s93 900. against 81, ,sss.-
700 yesterday, S2,272 900 on Monday.
and 81 ,s6i 900 on Saturday. This makes
the total deposits for the reduction 81
the bank note circulation ~ .9l7 100 at
this city alone.
The CobJn,rc,ai says Some of il,s
National banks Of this city have played
a very contemplate part in the furry
OF Yesterday and to-day. II IL not the
first time they have acted In this way
against the public credit; in one in.
stance, which We DO not care to name st
present, but which will 10 underst1 od
by most Wall street peope. The wsnt
OF loyalty TO the public ciedi, has shown
itself on all occs,iDns, from the outbreak
| Of the civil var in 81 down 10 the pres.
ent time. The msnarr u the rncern
in question, 10 simply q hair brsined
| tneorist in banking. II 10 . pity 10
the clearing bo use association be II
tolerated as the leading spirit 10 Girect.
ing their policy, especially -
his hostility TO tho national
banking system is open, unJi.guis.d
and bitter IA the extreme. Later
advices from Washington point W
prompt and radical action on the part ~
the Secretary Of the Treasury To pot q
stop ~ the money pinic ~bic., ces-
tain OF the balks of this city haze en-
gineered 10 arrest the Funding bill. Tb.
information In that the Treasury Wi
pay out the money thrust. upon ,he o..
fee in this city Tor surrendered cireuls-
ton in the purchase o. Coit-d States
bonds, il the latter fail ~ come in ifc~ly
On the notice o! this mo rnibg