The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-22

contingent 20 check the decline, but II
Wns apparently abandoned and the
market was left 70 itself until the
heavy liquidation should exhaust itself,
This seemed 10 have come Ia pass a,
about o'clock when the market became
dull at a decline ranging rom . points
upward. The cessation OF heavy realiz-
ing offers encouraged SOME renewed
buying and rally extending 10 over a
point In many shares ensued, but the
market sold off again before the close
90 the lowest point There is reason to
believe that the rise In call money rate
was not entirely free from manipula-
ton. There were evidences of concert
ed action In the marking up OF the
rates. II was noticeable that the sharp
stiffening OF the money rate did not re-
suit In as great fall In the rate OF ex-
change as might be expected, and the
discount rate in London was rather
easier, which was not to be expected,
and the discount rate In London was
rather easier, which was not 90 be ex-
pected in face OF any real stringency IN
our money market There was an IN
vitatlon to manipulate the money mar
ket In the report which has been given
currency that one Of the heaviest bull
operators was under some pressure In
carrying n very heavy line OF stocks
There was disposition also to make
much OF reports OF an ultimatum nom
our government to that OF Spain on the
Cuban question, Many commission
houses have been advising their custo-
mers to sell and their offerings came
upon the market. Some effect was pro-
duced on stocks OF transcontinental
lines by Attorney General McKenna's
opinion against the validity of the dis
eliminating duties against foreign
goods imported through contiguous
countries. That there was heavy SELL
Ing for short account also, was quite
evident, and standing orders to sell stop
loss on a decline were uncovered IN
large numbers. Some covering of
shorts at the decline helped the rally.
Such were the factors In the days mar
ket for stocks. The result Is that net
declines are universal and In the active
stocks they range all the way from
about points to tx, the latter sugar,
The local gas stocks were conspicuous
sufferers, consolidated gas losing 5h
and Brooklyn Union 5x. The measure
OF the liquidation is found in the enor-
nous total OF the days sales. which
reached 10000 shares
Dealings In railroad bonds were
heavy, the par value OF the sales reach
ing s3225, 900. prices declining In sym
patty with the weakness Of the stock
market
US, old as reg, were X per cent lower
bid and the new As were u per cent
lower.
The total sales of stocks to-day were
600 shares.
Evening Posts London financial ca
blegram:
There was a weaker tone in the stock
markets to-day, Americans leading in
the decline,
The Paris and Berlin markets were
dull.
A special cablcGram from London to
the Evening Post says:
All the leading bankers of London
will meet privately tomorrow to dis
cuss the recent utterances OF the gov
ernor OF the Bank OF England, as to sill
vera resolution of protest will be pass
ed, probably
The feeling grows land have reason
to believe that It Is well based) that a
strong political move is being made in
favor Of some concession to silver I.
would not be very surprising II some
international monetary discussion Is TO
be arranged ere long. 1t Is regarded as
bad sign that the bi-metallic feeling 10
80 represented both IN our and the
French government
BONDS AND STOCK QUOTATIONS.