The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-10-23
THE DAILY MARKETS,
The X~inancIal World.

NEw YohK, October 22.-Money quoted at 2Ka
3X per cent, closed at 2 per cent. Prime met'
s ssnass. ps s,iisd s 81 e Fl sf csns d SsSiiinf 81 h i:
GovERSNESTE-StIoBg,
o.. 8. s,......-.-........l0 100 H. ?. &s. G. 1tsts".-ll8H
d. s. *. oupons.- n4sGg. 7. bonds, frsts..~lisS
U. s. II, coupons.....i2 lAlu I. Land GnntS-!o,H
Central PsciacnTsts.ll2k Tex. Pae. land gr'ts."s9
Lehilsh i wiiEes"".l02Kl sEt. iut.
RAILROAD Bosps-Firmer.
SfATEsEcUMrIES-bull.
hhG' s ,aSP e'nsos~ ~ u fIyyIII fssinIs s sss:cis. ss. So
81. Joseph-....m.....l09 TIA mat. coupons. Az
Tsnnsssse sst1:.". g Ivisgina,s detefred".'' 10
Te sloeSee y; new:.'i IN - ,be m ma; ast' TO-DAY leave IT
generally higher than at the close Saturday. The
turn in the speculative temper OF the market
which began last, Thursday II developing new
popular opinion was that II was Only a little
squirt" In jersey Central. then In Northern Pacific
preferred. The corner was pronounced BY beats 10
majority OF Tho speculstots wee mistaken, and
there are some Indications that the success Of the.
bears In the last few months has betrayed them In.
70 Eome owe selling nIag! IL othes s tSs sxci.sa rbs s,ar
siles OF Northern Paeifc preferred were at dgA61ht
69x, sgainst 59H at the close Saturday. Other A.
tive shares were all higher. In the early trading
EOrtheTa Pacific commou ran oil 10 2JA, against
l27a27x at The openlgg., The dullntAS In these
sbares was due to- the bear manipulation entirely.
1t being stated that q prominent operator on the
short side borrowed q round VI preferred stock and
offered It at easy rates with a view Of creating the
impression that the stock was more plentiful and
not wanted owing 10 the closing Of the books; The
weakness ives OF short duration, for before l0:S0A
strong buying movement set In which gathered
force as the day advanced.
Villerd's were the feature, Advancing 5% per
cent. for Northern Paciaceommo1 to 3lH; l0H for
preferred TO 7ca7s54c; for Oregon Trans, 10 4Shc
and Sx for Oregon Nav. 10 no {. Cash tatts;
North Pacific, 2Ha2sNa27h: preferred: 6sAaG!a
72xa66. a difference Of ka2A per cent. The sharp
rise In these shares c1uied . general rush by the
at enc time ives Intense. About MONDAY there
YVES q regular "bcar" panic, and shorts, In their
anxiety 10 cover, rushed prices up on Themselves:
1t was fumored at this time that Union Pacific and
Oregon TrAnEfontinentAl and other heavily over
sold stocks were 10 be twisted.
After / I. n. the excitement Subsi.ed aud there
was a Ielction Of u to ! per cent In the general list
and 1882 per cent 10 Villard's Suithetn Pacific
sold down 10 20, preferred TO 6iA and 0Itgon&
lran,continental to Az. The reaction wai que 10
Ing movement g4I IN aud WeS'etn U N went up
to T6T, oregon d Trau4continentsl 10 4ss%s, LouiS-
VI le& No ihville 10 49Z, u4ion ~tncitieto ~. North.
cru Pacific t18 Y, do preferred - esq and North
western to 1904. In the last half hour, however,
tho bears made 4 yigoio 8 attack on, the whole
market and succc.dei 10 depr, slug prices X to2k
per cent In the general list ADD ~ tJ9 per cent In
Vilafdts A raj / neIE the close was en3lueertd by
tbs operators, who have teen prominent on the
bear side FIR ONE time and are deitous Of check.
ling the improvement before public sentiment
changes to the bull side. On the other hand Il Is
reported that the bull party iu Northern Pacific
iutend - follow up their movement, and for this
reason enc1ufa !e thort sales. lmT ortsnt Develop
meIL 70 exp cted In oIeSon d Tam continental,
and II T. stat d that a powerful syndicate has been