Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-01-29
THE MARKETS.
BETTER FINANCIAL AND COMMERCIAL oONDl-
TONS TO BE SEEN IN NEW YORK.
The Si'UaiiOa at New York Shows improvement
Business More Active and the unas-,Oas Of
General Affairs More Strengthening.


sseod! TSi<7rsna 70 tas Ssndgy Rses,s-
New EoRK. January 2s.-Ths improve
ment in the general condition OF business
at this centre, noted in these columns last
week, has now taken n more definite shape
and the gain Is no longer visible only in tho
speculative markets. 1t extends through
ont nearly all the various lines OF trade
ana is further demonstrated by the Increase
in both the sales and general output OF
goods and merchandise as well as by the
increased activity percepublo in many
quarters
The Improvement is not so grcdt, as IL is
substantial, being based upon an Increased
demand for products and supplies, which
gives 10 II the semblance OF some stability
aud the possibilities Of lasting In this
respect II is therefore different from tie
majority OF favorable developments, which
have arisen during the past few months
aud which have been more OF the nature
OF buobleS; suddenly ascending in the
unanciaI atmosphere, only TO be burst by
the first breath OF unfavorable rumors.
The oner OF tho $50, OO0,OOO OF United
States per cent ten year bonds. has had a
MORE FAVORABLE KFFECr
upon the situation this week. than IL did
last, as IL is argued that the replenishment
business as To greatly facilitate further
revival OF activity.
IL mas, TO some extent, had a stimulating
enect upon the markets. and will probably
be the means OF working some of the idle
accumulation OF funds at this centre into
employment.
In industrial lines, the Improvement con
tinues, but the gain is materially slower
than in the speculative markets
This may be accounted for by the fact
that while the mills and factories are start
ing up Ia many directions, and the mum Der
OF idle people lessened vet the reduction
in wages In so many industries. counteroal-
auces the purchasing power OF the people.
ON the Stock Exchange business was
again narrow during the week, and oven
professional operations were somewhat re
stricted.
There was but little outsids business and
prices moved up one day and down IN c
next in "A weak and uninteresting fashion
/ From surface indications, II is very certain
that large short interest exists Ia tho
active stocks, both NJ this centre and in
/ London.
Both markets arc so narrow, however,
that extensive covering cannot be carried
on without Immediately
ADVANCING PRICES;
hence the unwillingness OF larger oper.
ators To increase transactions on the one
side, and the timidity OF small holders OF
/ stock on the other. What ralli Is occurred
during the week, were not well held, ms
many OF the active cliquos seemed willing
TO reduce their lines. Prices seldom fuctu
ated beyond the narrow confines OF frac
tional points, and throughout all the trad
ing the market was devoid OF any special
/ features.
In the banking line, nothing has trans
pired during the week 10 reduce the
amount OF idle surplus funds lying in the
national banks st this centre. and conse
quentiy the plethora OF money continues.
No higher bid has been received by the
! Secretary Of the Treasury for the new
government bonds than mentioned ia these
columns last week, aud II appears likely
that IL will be the highest price offered by
the bankers from this city, although IL 1,
highly probable that European capitalist.
may possibly offer sll thy better figur,
and absorb a portion OF the bonds abroad
! This supposition is based upon advice,
received at this centre from London bank
ers relative to the issue
| Ia other markets. and in the tone OF gen
eral business, the predominant feeling dur
ing the week was one OF chcerfulness anC
the close with messed a hardening OF prices
in but speculative and industrial markets