Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-12-16
FINANCE AND TRADE

Money, 1-2a15 Per Cent.-Governments
Dull-Stocks, Active-Flour, Unchanged
Wheat, Higher.
call stringent, ranging from ~ TO 10 per
cent; last loan at S per cent. Prime mer-
camille paper sac per cent, Sterling ex-
change strong at 4S61Sa4SS1S.
GOvERNAIRNTs-Dull.
Fours Registered ...................1 134
4 4, ouLs C0upon. .................-...'. lisa
rour-ano-a-hau coupon. ............. lOo
STATEs-Duu.
RALROADs-We Weaker; sales, 81, $4,000.
Stocks-Speculation at the Stock Elk
change to-day turned upon the strength Of
the market for sterling exchange, the con-
tlnued exports of gold TO Europe and the
furry In the money market. The ship
ments Of half million gold to-day by the
steamship Russia, which is slow boat, at
tracted attention, as il was looked upon as
additional evidence that the foreign de-
mand for the yellow metal was more urgent
than had been generally supposed On
the top Of this shipment came re-
ports that S2,0O0,000 would be
shipped by Saturdays steamers, and
that anywhere from s., 0O0, 900 to SIC, O0O, 600
would go forward next week. The sterling
bills and rates are right up 10 the shipping
point. These matters undoubtedly made
an impression upon money lenders, who
began 70 call In loans, and by their action
caused the rates for call money TO jump
suddenly from ~ to Is per cent Many
firms had loans called, and they
had TO make other arrange
ments. thus precipitating strinRency
for which brokers in some instances at
least were quite unprepared. Holders Of
shares on slender margins showed great
anxiety TO reduce their ventures, and OF
course there was no lack of manipulation
for the purpose Of helping the decline
along. The bears had the assistance Of
certain operators who recently turned
paper profits into cash and are now desir-
Gus OF repurchasing their stocks at lower
range of prices. Tue only rally Of i'm
pOrtance occurred between IL and II
O'Clock, when, under the leadership OF New
England, the whole list improved y to l
per cent. The lowest quotations were
touched shortly before the close. Then
Distilling and Cattle Feeding showed de-
cline of 35S, Missouri Pacific, Manhattan
and Land Cotton ~, American Cotton
Ou21<, Chicago Gas and General Electric
21S, American Sugar IL, and Western
Union 10. The remainder Of the active
list yielded = to II per cent. Reading
was conspicuous for frmness throughout.
The market closed unsettled. Sales, 421,
237 shares. Quotations closed, bid:
Atchison, S3E; Adams Express, l52:
American Express, liz; Baltimore and
Ohio, 941{; Canada Pacific, S91S; Central
Pacific, Tx; Chesapeake and Ohio, 221S
Chicago and Alton, IA; Chicago, Burling-
ton and Quincy, 9SS(; Delaware and Hud-
son, 1904; Delaware, Lackawanna and
Western, 1913; Denver and Rio Grande
preferred, SIS; Erie, 252l; do. preferred,
$50; Fort Wayne, l52; Illinois Central,
9Ss{; Lake Shore, 1905; Michigan Cen
trai, 1O5; Missouri Pacific. 500; Norfolk
and Western preferred, 27$[; Northern Pa
cifc, 1872 do. preferred, Az; Northwest
ern, 1Il5<; do preferred, 14l5S; New York
Central, 10; Pacific Mail, 20; Peoria,
Decatur and Evansville, l63I; Pittsburg,
1854; Pullman Palace, 1856; Reading. 81;
Rock Island, So; st. Louis and San Fran
cisco, first preferred, 20; ST Paul, rs ;
do. preferred, 13l; St. Paul and Omaha,
AZ; do. preferred, lis; Tennessee Coal
and Iron, 351S; Texas Pacific, 90 Union
Pacific, SSl4; United States Express, SO;
Western Union, 941l Wheeling and Lake
Erie. 20; do. preferred, g.