Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-11-07
MARKET CONDITIONS
SPEAKER CRISP CASTS A RATHgR GLOOMY
HOROSCOPE ON SOME LINES.
sscrelary Carlisle Gives an Expression Win Re-
gard 10 Silver Which is OF Interest to Pinan-
GERS Wheeling and Laks Eris Stocks Look
ing Up-Union Pacifc Eunings-RePor!s
From al Leading Commercial Centres
ssestsl 7sl.eran % q. A.g.ns-.

ssCefol 7sls0rnn 70 tls hs1isiE.
. NEW YoRK, November 6-The Indus
trials were the pivotal stocks in to-day's
markets. The declines in other directions
were out Of sympathy, and commission
houses, while not advocating the bidding
up Of prices, were liberal buyers Of the
grangers and the low priced specialties.
Louisville and Nashville was without for
eign support, and the bear traders raided
the stock on the decrease Of Sl22, 900 is the
earnings for the fourth week Of October.
The efforts Of the Cammack party were
toncentrated in the early hours in depress-
lng Sugar and Chicago Gas certificates.
The absence Of the inside support made
the entire market look ragged, and q num-
Der Of stop orders were also caught in the
whisky trust
The gloomy horoscope that Speaker Crisp
gave Of the probable action OF the Ways
and Means Committee, relative to impos-
ing a tax on raw sugar, and not taxing dis
titled spirits more than so cents q gallon,
rather upset
THE CALCULATIONS OF TIE BULLS
in those stocks. It can be stated on au-
thoritv as good as the oest, that If the duty
on refined sugar is repealed. a tax Of one
half cent pound viii be imposed on raWs,
so as 70 protect the southern planters ana
indirectly the civilizations OF Oset sugar IN
the Far West. It's Just possible, h0weV-
er. that a compromise will DO adopted as
-t-,rr "a
10 the American Sugar Refining Co, for 10
has been calculated that tax on raw sugar
would TENT the trust from earning more
than set n per cent on the preferred and
four per cent on the common stock.
The internal revenue tax on dis
titled spirits will probably be raised 70
Sl1O a gallon, but as this figure is so mucn
below the expectations Of the Whiskey
Trust people, there was a general out
pouring OF the STOCK to-day, chiefly Tor &C
count of the keen3 brokers.
The attack on ChicagO Gas has been
brewing for several days, as already out
lined, and the selling movement reached a
climax to-day on a report that prominent
New York lawyers were 10 Chicago FOR the
purpose Of obtaining an injunction which
will tie up the receipts Of the company I'M
Ill the court has passed upon the validity
OF the 100000 O0 issue Of bonds.
WITH REGARD TO THE SILVER MARKET,
the recent order Of Secretary Carlisle, d.
recting themiuts 90 prepare for the coin
age Of silver bullion has been misuuder-
stood. The Secretary was IN the city this
afternoon 70 consult with ex-Secretary
Fairchild tomorrow, and in making his
position in the matter clearer, said 70 your
correspondent:
awe are able 70 use q few more silver
dollars lust now, but we cannot cola more
silver bullion than would net 100000 a
month in seignOrage, and that amount
could be placed % advantage, but the
standard silver dollars will only be placed
I'm circulation, in accordance with tue
authority vested in me under the present
law broadening treasury notes with them.
This is not an expansion or the currency
against which the gold reserve is pledged
as security and I should deprecate TO see
any law passed that would compel US 70
coin all the silver 40 once, a.sd consider II
rs so much available cash ia the treasury"
A large short interest has been disclosed
IN Union Pacific, chiefly against foreign
stock sold to arrive for foreign account Re
ceiver Anderson said to-day that his asso-
ciates had left the city 20 vote, but he was
keeping a close watch on the earnings
which did not show last week the heavy
percentage Of decrease reported in the TWO
preceding months.
ne acknowledged that the traflc was far
below the requirements Of the road to
meet its interest obligations, but he hoped,
with a careful pruning down Of expenses,
that iu q few months the receivers would
be able 20 make both ends meet The re-
ceivers have on hands 1854, 900 TO pay over
due coupons.
There has been a revival Of speculation
in
WHEELING AND LAKE ERIE
common, owing 10 the many favorable
features Ia the annual report. In review
ing the prospects, Mr.. Washington b. Con-
nor said
'sThe Wheeling and Lake Erie has uu-
doubtedly turned the corner, and as the
bituminOus coal interests in Ohio are now
working iu harmony, our earnings should
steadily increase. AT all events we have
given our stockholders the benefit of the
earnings of an our subsidiary companies,
and 10 would not surprise me If we were
able TO increase the rate OF dividend on
the preferred stock from 20 per cent"
Mr. Mcleod has not yet presented his
proposition 90 the Manhattan people, and
insiders say there viii be no necessity OF
any negotiations until the New YORK, New
England and Northern reaches the Harlem
river, when the Manhattan viii be per-
fectly willing FOR an interchange OF trantc.