The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-26
FINANCE AND TRADE
Ths Features OF the Money aud Stock
Mnrkeih.


NEW YORK, oct. 25-Money or call
easy at 2 per cent; last loan percent;
closed offered at per cent. Prime mer-
camille paper 4G4lk per cent. Sterling
exchange strong and active, with actual
business in bankers bills at 81 S5hG
4 ssh for demand and at 81 S2ssd4 S2%
for sixty days. Posted rates "a S3g
4 s3ls and "a S6a4 S6ls. Commercial
bills 81 SIG. Silver certificates 57hd59c.
Bar silver 5sc. Mexican dollars 45e.
The conviction that rupture in our
relations with Spain will ultimately re-
suit from the Cuban question. the dan
ger that the Union Pacific reorganlza-
ton plan will he upset by the govern
ments desire TO postpone the sale and
the weakness in New York Central due
to yesterdays disaster on It's line, COM
bined TO break the stock market to-day
and demorallzed prices throughout the
list. The lower prices for American Sc
curltles In London and the decline In
the price Of Spanish As there of Y per
cent to 5sK, were accepted as meas
uFe OF the apprehension felt there as to
the harm that would be done to values
by the threatened rupture. The opening
showed sharp declines In the interna-
tlonal stocks and the speclalties and by
noon losses OF a point or over had
spread to practically every active stock
in the list, There was a lulI in the &C.
tlvlty OF the liquidation at that time
and a steadvlnI OF prices based on n
hope that the supreme court would
hand down o favorable decision In the
Nebraska maximum freight rate case
and that prices Of railway property
would tend 10 improve as result.
A sharp rally "a Chicago Gas on the
announcement of the declaration OF the
regular dividend helped to steady the
list. But the afternoon was given to
alternate periods OF active liquidation
and fast falling prices and Of stagRs-
ton and sllght rallies. The announce
mcnt OF the governments decision 10
apply for postponement OF the foreclos-
ure sale OF the Union Pacific and Kan
Bas Pacific properties brought gu.
enormous liquidation Of Union Pacific
stocks, There was no check apparent
In the liquidation or In the fan In che
price as result Of the announcement
az the reorganization committee that Il
Intended to bid In the Union Pacific
main line II need be for the full amount
OF The governments claim This would
Involve an Increase Of 100000 over the
latest upset price which the syndicate
agreed 10 Insure the government aud
over ii2,OOO,OOO over che price fixed al
the time the present reorganization
plan was agreed upon,
The purpose Of the rhotFaulzat lon
committee TO divide the reorganization
Of The Union Pacific main line and the
Kansas Pacific into two operations
failed to quiet the doubts NJ those who
have epecnatcd In t'nlon Pacific on the
basis Of the present rcorgnnlsn ton plan.
The apparent intention of the govern.
mint to rptcrntp the whole matter to
Congress awakcnp fears amongst hold.
ore NJ the shares that delog viii attend
completion OF the reorganization The
government second mOr,uago on The
KnnBns Pacific for about So 060.0he te
unprovldod Tor ana tho reorganization
committee take the stand that the gov.
ernmont viii be- allowed to bid the pro.
norly " II II not willing Ia t1ko the bid
~ the committee Tho fcpr TINT iris
would ondHugor che plan OF rcOfgdnlza.
ton evidently augmented the selling.