Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1893-12-31
THE MARKETS..
CONDITIONS SURROUNDING COMMERCE AND
FINANCE.
The Business Situation Summarized BY the Greg
istsr's" New York COrrsspondent-Marksts
Somewhat Dull Owing 10 holiday Apathy.
srera. 7slsaran % q. Rsa,..-.

Sre1di 7slserqm 70 ne RsTrss-.
New York, December 80. Owing to
it being holiday week, and also to the
impending tariff revisions, both the
markets and general business at this
centre have been somewhat restricted
during the past few days. The upward
movement of general affairs has been
somewhat checked by these causes, but
the restriction is only natural. Until
the tariff question is fully settled, man
ufacturers have some hesitancy in I'M
dertaking new ventures, but it is highly
probable that this unsettlement will
only be temporary, and that within
the next few days matters will
have readjusted themselves and
the warm glow OF returning prosperity
recontinue undated. Under present
conditions 1t is only natural that feel
lag OF conservatism should be FREEDOM
inant at the present moment. This
must soon give way, however, TO con-
dition OF renewed activity as the state
ments OF the associated banks for the
last two weeks show that while money
continues 10 flow freely TO this centre,
that loans are also materially increas-
ing. In fact, the loan account OF the
New York banks is increasing more
rapidly than is the influx OK outside
money, which indicates that mercantile
houses are reappearing in the market
with
DEMANDS FOR FUNDS.
Aside from the tariff situation, gen.
eral business is unquestionably improv-
Ing. and when one month is compared
with the preceding one the advance
ment is very marked. The present con-
ditions OF trade are, of course, not as
good as could be desired, but as a whole
matters have now assumed the shape
whereby there is a pretty well defined
basis on which new prosperity can
speedily be built up. 10 the stock mar
ket, continued dizziness is the rule, and
notwithstanding the low prices for
which securities are selling, tranac-
tions are confined almost entirely to
professional operators. 1t is quite
likely, however, that after the disburse-
ments OF the first of the year stimu-
lus to the market will be given thereby
and activity increased.
Transactions in the municipal bond
market continued very good many
large issues finding ready purchasers,
and numerous inquiries being received
daily from investors all over the coun-
try, which bespeaks the fact that funds
which have heretofore been idle, are
once more seeking reinvestment, and
channels whereby interest may be
earned. In the general situation there
is more ozone, as it were, In the fnan-
cial atmosphere, than has been appar-
ent for many days, and the feeling on
all sides is one of cheerfulness, and Of
the belief that
BETrER TINES ARE NOW AT HAND.
The January disbursements will, as
usual be heavy, and the funds thus dis
trlbuted will naturally find outlets
througho the varions lines OF busl-
ness. Hence, it is not amiss to predict
that the first few weeks OF the New
Year will witness the disappearance OF
the sluggishness in many OF the mar
kets which has so long prevailed. Many
merchants, other than those directly
affected by the tariff changes, are no
ticeably extending their lines for new
trade, and in many quarters prepare
tons for the expansion OF business ale
very perceptible. As whole, the stu
alton is brighter than 1t has been at
any time since the Inauguration Of the
panic, and the prospects are very favor
able for a renewed of old-time prosper
ity for the coming year.