The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-12-18
THE PULSE OF TRADE.
THR WEEK oN wA4L sTREET.
The Furry in the Stock Marietta Great
strain on the Money Center of the
Country-Dapgsr ofa COllspSs not
Entlrsly PaSssd-Good sigps.

NRw YoRH, Dsc. H,-R. G, Dun and
Co., will Issued the following weekly trade
review tomorrow; The past has bean
q week Of unusual excitement. The
sharp decline in the stock market was
foreshadowed by the recent unhealthy ad-
vance in securities that do not secure, and
ia some Of these the fall was from $50 to
S57 per ahars, But fifteen other stocks
lost over $40 per share, and the average
price Of SStIys stocks, good and bad, fell
$3.50 per share from December 4, to the
lowest point on Wednesday last, "knock.
ing the iroIh of the Market" as one
broker Calledit,
In that case there was q good deal Of
froth. Some recovery has since oc-
Cured, but II Ia yet too soon to deter
mine whether the bottom has been EeSCh-
ed. i 10 surprising and crsditabls that
thus far only one failure in the Exchange
has resulted from such fall, Money was
artihcially locked up, beyond doubt,
and the decline thus increased it, The
rate ross from to 8 percent on Saturday
TO 10 percent as the lowest and IS
percent as the highest on Wednesday,
This difficulty has been met by ship.
ments from many interior pointa, Cana
dian banks sending $4,000. 900, by the ar
rival OF $l,0O0,OOO on Thursday from
France, and the shipments Of 81, 900 900
from London, and by the Treasury'I otter
to prepAy nine millions Of interest. The
advance In rate by the bank Of England is
meant to check the outflow Of gold, but
the supply now In sight here and the
shrlnkage in speculative demands should
prevent any stfingenOy In money for COM
merCial or industrial needs, II Europe
does not unload stocks.
So far the Wall street excitement has
had no effect on general business.
OTHER SPECULATIVE MARKETS.
Other speculative markets we're negleo.
tod and the sales we're far below previous
records. Oil and grain dropped Wednes.
day but recovered; coffee broke at Hayre,
aud has not recovered; cotton yielded q
ahsde, but AOg products advanced.
The Thomas company, which largely
controls iron prices, 6xes $50 as It's price
for No. iron for 1887, and has sold 10
percent. more In 1886 than In any other
year, and engaged Ill 900 tons Already for
next year.
Dry goods are less sctiFe, but the trade
Is not unhealthy. Exchanges outside
Of New York still show that The volume
Of business OF the North Is very large,
though some dePresslon exisa In parts ot
the South.
While Wall street acrobatICs do not yet
affect general business, continued depres.
sion might In two ways--a failure TO sell
securities might check railroad building
iron making. A return OF the large body
Of American STOCKS held aboard would
cause heavy loss Of gold and severe
pressure. The weather.wise will watch
Tor signs In these quarters. Thus far,
Europe sends gold and buys stocks.
INTER sr4TR coMAERcE RILL.
The Interstate Commerce bill 10
thought dangerous by many investors.
Toe issue Of the silver certificates incress-
es, two millions more having been put out
last week, while the Treasury took in
81, 100000 more gold. Risks in stocks by
individusls all over the country are likely
to inGreaRe tho number oi commercial
failures already unusually large for the
season. The situation, therefore, while
not now disturbing, justifes caution.
The buSinesS failures occurring through:
out the country during the last seven days
number for the United States 200, and for
Canada 2S, 9 total Of 2SS, against 274 last
week and 242 two weeks previous. Tho
casualties in the Middle, Western, South.
ern and Pacific States are above the aver
age In number. WHICH - alSO the case In
Canada. In New York city fittesn fail.
ures are reported, only two ot which are
Of consequence.