Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-12-18
A VERY LIVELY WEEK
AMONG THE WALL STREET AGROBATS-THR
FALL IN STOCKS.
General Business, However, Not Affected BY the
Flurry-The Interstate Commerce Bill OBJECT
ed 10 By Some InvestOrs-A Review Of
the Weeks General Trade.

NEW YORK December 17.-R. G. Dun
& Co., will issue the following weekly
trade review tomorrow: The past has been
q week of unusual excitement. The sharp
decline in the stock market was fore
shadowed by the recent unhealthy advance
in securities that do not secure, and In
some of these the fall was from $50 to
$57 per share. But 10 other stocks lost
over so per share and the average price
of active stocks good and bad, fell $3.50
per share from December 4th to the lowest
point on Wednesday last knocking the
froth off the market" one broker called it.
In that case there was good deal of froth.
Some recovery has since occurred,
but it is yet too soon to
determined whether the bottom has been
reached. 1t is surprising and creditable
that thus far only one failure in the Ex-
change has resulted from such afall.
MONEY
was artificially locked up, beyond doubt,
and the declind thus increased. The rate
rose from to per cent. on Saturday to
10 per cent as the lowest and Is, and the
sales were far below previous records.
Oil and grain dropped Wednesday, but
recovered; Coffee broke at Hayre, and has
not recovered; Cotton yielded shade, but
hog products advanced.
The Thomas Company which largely
controls iron prices, fixes $50 as its price
for No. iron for 1887 and has sold 40per
cent more in 1856 than in any
other year, and engaged Ill, 900 tons al
ready for next year. Important failures
at several points show individual rather
than general overtrading.
DRY GOODS
are less active, but the trade not unheal-
thy. Exchanges outside New York still
show that the volume of business at the
North is very large. though some depres-
sion exists in parts of the South. Rail-
roads have agreed to advance East bound
rates five cents December 20. Per cent as
the highest on Wednesday. This difficult
ty has been met by shipments from many
interior points, Canadian Banks sending
IS, 600 600 by the arrival OF 81 ,00O, 900 on
Thursday from France, and the shipments
of 81, 900, 600 from London, and by the
treasury's offer TO prepay nine millions in
terest. The advance in rate by the bank
of England is meant to check the outflow
of gold, but the supply now in sight here
and the shrinkage in speculative demands
should prevent any Stringency In money
for commercial or industrial needs, il
Europe does not unload stocks.
So far the Wall street excitement has no
effect on
GENERAL BUSINESS.
Other speculative markets were neglect
ed and have large earnings already. But
while Wall street acrobats do not yet
affect general business continued depress-
ion might in two ways. Failure to sell
securities might check railroad building
and iron making. Return of the large
body of Americans stocks held abroad
would cause heavy loss of gold and severe
pressure.
The weather wise will watch for signs
in these quarters. Thus far, Europe sends
gold and buys stocks.
is thought dangerous by many investors.
The issue of silver certificates increases
two millions more, having been put out
last week. while the Treasury took in 81,
5OO, 600 more gold Risks in stocks by in
di;iduals all over the country are likely tC
increase the plumber of commercial failures
already unusually large for the season
The situation, therefore, while not now
disturbing, juStites caution.
THE BUSINESS FAILURES
occurring throughout the country during
the last seven days number for the United
States go and for Canada IS; total 2S:
against 274 last week and 242 the weeE
previous.
The casualties in the Middle, Western
Southern and P:Hifc States are above the
average in number, which is also the case
in Canada.
In New York City fifteen failures are re-
ported only two of which are of cOnse'
| quence.