The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-11-17
FINANCE AND TRADE.
Tho Features Of ~. MonUy and Stock

Tho Features Uf t'ls Money and s,oe
fdhrkc,a, lsa
Nrw York, Nov l5-anney on call cos,
with no loans, ciI,trg cGcfet at GO per coat
Primo mercantile pafe; d>S>S,i per cent. Bier
ling exchange quiet at u y.fat SOY. Sales ~,
~ shares. rrl No
Tho stock market today for the two hour
session was tho liyel!cs, We have had since Thu
great slump Of December 10. 1884, and for iht
space OF an hour or mole there existed u perfect
panic among the holdetS OF securities, lspecI,
ally railroad stocks, and the declines istab
,ished during that ume we , Sts9,sr !hGa over
Of this excitement WIS the announcement from,
London that the great Arm OF Daring brothers
had been forced TO seek GIsisiahcc 10 lido them
over tho preSent ilnaselal crisis. aud tho hold.
crs OF stocks became palic.s,rieken over tho
news without rrilccilne that the danger had
really passed when The lank Of England aud
the Roschilds came 10 thelt rescue.
Reelection, however, Is The last thing man
thinks Of when his p0cketbo0s Is In danger,
and every ono went In 10 save ny much out Of
tho wreck Us possible by selling out In the
quickest time. Opening prices were generally
itacuonally higher than yesterday. The an.
nOnncemDnt about be Baripgs was thrown a,
the market inmedlaiely, However, and the
prospective buyers tho whole room became sell.
cs at tho best prices Oetainnblc. The stocks
most prominent 10 tho decline were lanka.
wanna, which dropped away w per cent; Jersey
Central, *: Aichi,on, Va; Pullman, Ok; Can.
nda Southern, ~; burlington, ~, aud Rock
Island. 54. sl.s.r n
Tho drop In Lsckawanua /. ine1pllcab:c upon
my known hypothesis, but the selling OF Atchi
sou WAS bcscd upon the fear that the holdings
bnse TO DO lIqliIaicl. 0.hGr stocks were sold
thctely upon tho impulse OF The tcafc. The
drop, however. soon Brought ilto tho market
the clASh oi bUypJs, who ale paying outright for
their securities nnd the current Was soon turned
by this support when the bears Io,ucl ia tbc
buying to realize tho profits accrued upon The
tremendous drop. 500
Alter the downward movement was checked.
the bank statement WA issued, showing n ma.
tetial gain III the surplus reserve and the grow.
Ing strength Of tho bauks leave no further feel.
Ing OF apprehension atnong Wall strpet houses.
anu the general impression Is that as soon as
influence found here. The ially
which obtained III the last hour extended 10 /
per cent, aud over. The close wns very active
anh strong ut material loses for the day. The
iinhl losses are: LRcsRvAnpu ~, Jersey Central
3. Rock Island I, Missouri Pacific So, A,chIsSn
anu Chicago Gas >, Chicago, Burlington & Quin.
cy YS, Cleveland. ClaCinnati. Chicago K ii,
Louis ~, Northwestern and Canada Southern
"a Western Union ~, New Eagluud ", Wheel.
ilS Il Lake Erie u.
There is lalk OF meeting Of the Influential
bankers and capitalists 10 consider the Situation
oter Sunday and c1tnc to some conclusion as 10
what eau 10 done 10 allay the excitement aud
apprehension that prevail on tho street, y
Railroad boads active: sales S, isi,Cco.
Government aud Sale bonds dull aud steady.
va