Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-01-01
THE MARKETS.
CONDITIONS SURROUNDING COMMERCE AND
FINANCE.
The pusinsss Situation Summarized BY tie "Rsg-
isier's" New York rresponden,-Narksts
Somewhat Dali Owing 70 holiday Apathy.
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New York, December 30. Owing to
it being holiday week. and also TO the
impending tariff revisions, both the
markets and general business at this
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 un-
dortaking new ventures, but it Is highly
probable that this unse.tlement 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 a feel
Ing OF conservatism should be predom
inant at the present moment. This
must soon give way, however, To a con-
dition OF renewed activity as the state
ments OF the associated banks for the
last two weeks show that while money
continues TO flow freely To this centre,
that loans are also materially increas-
ing. Ia fact, the loan account of the
New York banks is increasing more
rapidly than Is the Influx OF outside
money, which indicates that mercantile
houses are reGppeariEg 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. Tho present con-
ditions OF trade are, OF course, not as
good as could be desired, but as n whole
matters have now assumed the shape
whereby there is a pretty well defined
basis on which new prosperity can
speedily be bull: up. In the stock mar
ket. continued dulluess is the rule, and
Notwithstanding the low prices for
which securities are selling, tranac-
tions are confined almost entirely 10
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 il were, in the hnan-
cal atmos phere, than has been appar-
ent for many days, and the feeling on
all sides is one of cheerfulness, and of
the belief that
BETTER TINES ARE NOW AT HAND.
The January disbursements will, as
usual be heavy, and the funds thus dis
tributed will naturally find outlets
throughout the various lines OF bust
ness. Hence, IL 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 ia many quarters prepare
tions for the expansion of business are
very perceptible. AS a whole. tho situ-
alton is brighter than IL 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.