Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-04-23
FINANCE AND TRADE.
Koder rate Improvement Reported
in the Commercial Situation.
FINANCIAL SITUATION AND OUTLOOK.
An Advance in the Price Of Corn and
Wheat-The Iron Market Greatly
Depessed-Ol Speculation
Ocean Freights.

New YoEK, April 22.-Remarking on IN
financial situation in the Commercial anu
Financial Chronicle, VIM. B. Dana says:
The conditions affecting our markets
have changed in no important particular
during the past week. Stock speculation
has made some progress, and yet the move
ment has been so intermittent in charactsr
that between the chills and fever the out
side speculator has found but little COM
fort. Still, money remains easy; railroad
earnings continue very satisfactory foreign
exchange has been weaker and slightly
lower, the weather has been favorable for
the crops and our merchandise exports are
fare: so, altogether, the street persists IN
believing that the market, even though 1t
be with occasional relapseS, must tend up
wards.
The stock market has been irregular in
tone and tendency during the past week
VI is claimed now that the leading specu-
lstors for an advance succeeded in market
ING large portion of their stocks during
the rise of a week ago. and with TINS view,
on Monday the operators, for decline, al
tackled the market, but 1T was so quickly
turned upwards again that further en0rtS
10 break it were for the time being ended
on Wednesday advantage was taken OF the
announcement that the Chicago and North.
western, instead of making the onuclpateu
extra dividend, had issued
Ten Millions of New Bonds,
60 that property was first attacked, and IN
the afternoon the whole market became lr,
regular and so continued Thursday and
Yesterday. The omission of the North
western management to issue the anucl.
mated dividend in new stock at par, ana
tbe issuing instead of ten millions debent'
ure bonds with which to pay for the
omaha, was great disappointment TO the
street.
An event OF the week has been the find.
ing Of an abiding place for the Hannloal
and st. Joe, just where 1t was eNpectei IL
would be found For a long time past 1t
has been evident that ultimately the y. D.
X o, must take the road into its system,
and the only wonder is that 1t first went
into the hands of the Gould party.
Money has continued in rood supply on
call ar. q me improvement In the reserves
!, VI the bank enables these institutions 10 os
| more liberal in the purchase OF paper. w
| casionally during the week there have been
spasmodic attempts to make money active
at the Stock Exchange, but no favorable
result has been produced upon the market,
as il was clear that such was the intention
there was no real reason for active money.
The domestic exchanges at nearly all
the interior points are now favorable
to this city. and it is expected that there
| will be a gradual return hither of the
| funds withdrawn last month, or in Febru-
afy, for use at the West. Therefore we
| may reasonably look for continued ease in
! money for the remainder VI Tue spring
and through the summer. No called
bonds were presented at the Treasury for
redemption on Wednesday of this week,
and the amount OF bonds outstanding of
tie ll4th to the 12Oth calls, inclusive, at
the date OF the last report, on the ith,
was Sli i,053, 100.