Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-12-10
FINANCE AND TRADE.

Money 2a3 Per Csnt-8oveTnments Dull
aud UnchanGed-StOcks Lower Flour
Unchanged-Wheat Lower.
NV YoSx, December 9.-Money on
call easy at 283 per cent; prime mer-
camille paper at 4@5 per cent. foreign
exchange dull but firm aud unchanged.
GoyGGNMEyTs-Dail, firm and IN
changed.
STATE SEcvRITIEs-Steady.
Enthusiastically quiet total sales
-, $4,000.
SrocEs-Tha anxiety manifested this
morning regarding the opening quotations
O! stocks has not been exceeded IN years.
The death OF Vanderbilt occurring when it
did, gave brokers and spectators time to
think before its effect could be felt in
prices, aud the more conservative opera.
tors exhibited marked confidence il the
market, but there were many Others
who wsre carrying heavy loads on
limited margins who were very nervous.
| There were many orders on the Board at
the opening TO sell, especially Esnderbilts,
out there were also large orders to buy at
prices not seriously below last evenings
closing. In the Lake Shore corner the
quiet and patient crowd OF brokers with
| orders to buy or sell was transformed i'm
mediately into one Of intense excitement
and confusion as the chsirman's gayel au-
nounced the opsnIng. The opening prices
| RANGED between So and so. but a. the
same time the stock was selling at differ
ent quotations between those figures. The
official opening quotation, however, WAS
SIS, q decline Of three per cent.
from last evenings quotation. There
was a small sale at sly. The
bold front presented by those present with
| unlimited orders to sustain the market
soon ouelled the excitement, and after the
fret half hour, although for a time bust
ness continued active, there was no excite
ment. Prices a! the opening, other thar
Lake Shore, showed q decline Of 2 for
New York Central, q for Jersey Central
and II to II for The rect of the active list,
except Louisville and Nashville
which lost only !. Prices by
IN o'clock were generally q shade
above tbs opening and business drifted
rapidly into very decided bullness. At the
same time there was q very firm under.
tone, with a slight tendency upward.
| Sales for the first halt hour were extreme.
" large, amounting to 286,900 shares, of
which Lske Shore contributed $4,000,
The market was absolutely without tea-
lures after IL o clock, other than dullness
and strength, until late in the afternoon,
when it developed renewed activity
and moderate strength for the
general list, while Lsckawanns, which
onsned St 1921, rose rapidly
on heavy sales to l2s. The upward
movement was accompanied BY many
sharp reactions, but they we're soon checked
and further gains always followed. There
was then a break to l27! and 1t closed
strong st 1878, q gain over last evening OF
81. The rest Of the list yielded slightly
from the highest price established during
that time ana the general market closed
steady. Prices this evening, compared with
final figures yesterday, show q loss OF i
for Lake Shore, l for jersey Central, Il
for Reading, | for Texas L Pacific and
"a > for the rest of the active list. North
western is down !. Total sales $4,000
shares. The general feeling is one of in
creasisg confidence, although for the mo-
mant faith in the future is based largely
mon tia beliei thSt cone Of the leading
operstors will furnish the support nsces,
ssrv 10 prevent further declines, as they
did TODAY.