Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1894-02-25
NEW YORK MARKETS
STOCK MARKET HIGHER, AND BOND, IRON, DRY
GOODS, GROCERY,
Cereal and Hardware Markets IN Better Ton'-A
Feeling Of Ohssrfulnsss Predominant Through
out The Various Trades.

SPECIAL 7sieqraus to ne sunday Register.
NEW YORK, February 24,-The feeling
Of strong confidence in the recovery Of the
various markets, which has prevailed here
since the beginning of the year is being
gradually realized, and Notwithstanding
that the past week has witnessed no inn
portant developments in the business
world, still what changes have taken place
have been Of an encouraging character
and from the present outlook, it is proOa-
Die that a continual improvement Will
heuceforth be the rule. Whileitis true
that the general strengthening OF
trade is slow, yet the improvement is
there nevertheless and when one week IS
compared with the preceding one, or with
a month ago, the gain is very clear
Manufacturers, however, are doing but
little, compared with their output OF
year ago, naturally awaiting the outcome
Of the tariff question before attempting TO
extend their lines, and the majority OF es-
Inmates now being made, are Tor casn
prices. Az the moment they nave no act
ual or well defined basis on which to base
calculations, and as consequences are
therefore not endeayoring TO push traue
"a the speculative markets, however ousl-
ness is Frightening, aud the tone OF the
dealings stronger.
On the Stock Exchange dealings are In
creasing, and Notwithstanding that the
market moves with great lrregularlty, the
undertoue remainsGirm. Speculation re-
fleets diminished shortinteresti realizing
by the bulls, and very often tue effects DO
not materially alter general prices, whlch
continue firm. The markets. position Is
uotiCeably growing stronger ana appears
70 be of an advancing tendency. Many OF
the more active stocks are from l 10
points higher than a week ago, and are In
stronger hands. Railroad net earnings are
of a favorable character, and, when con
sidered as a whole, are particularly en-
couraging Railway bonds are stroug and
advancing.
Money is extremely, easy, on call ruling
at 1 per cent, while time money 10 In a0und-
ant supply at . per cent for 80 days; per
cent TOR months, and 81 per cent Tor
months. Mercantile paper Is dull, with
demand for the highest grades only.
Government bonds are firm and the As
'07, coupons are = point higher Others
unchanged.
Iu the municipal bond market BUSINESSES
fair. and numbers Of good sized issues are
being placed in this market
The tone OF the market appears strong
aud there are indications OF an expansion
OF sales, although NJ the present moment
investors are conhning themselves prlncl-
pallv 10 the issues Of the larger and better
known cities. Prices obtained are falr,
and are strengthening.
In the grain markets, feeling OF slight
uncertainty is apparent, influenced to some
extent by cable advices Of easier markets
abroad. The liquidatiOn in wheat has been
very large during the past few days, ana
the continued reported increase in the VS.
ible supply has been a factor which Is
largely responsible for depressing prices.
The lowest prices realized during the last
week have been $3.50 for May wheat and
COS Sc for casha Prices are now strength
eniDr. however Corn is unchanged. Op-
tion trading is fair at very firm prices, but
very few transactions are occurring in
cash corn. Oats are dull but steady.
In the wholesale grocery line, increasing
/ sales are reported, aud business may be de-
scrbed as fair. Whatever may be said TO
the contrary. 10 has become an established
| fact that this line of trade IS remarkably
good, when the general situation is consld-
cred During the last week, some gains
appear I'm both sales and volume OF bust
i ness
| be- observed in other trades. Collections
are reported as being satisfactory and the
| outlook is encouraging.
On the Cotton Exchange, business Is
/ fairly active with prices huctuaung BE-
| tween and points, bat for the past week,
! closing with opening quotations. Receipts
| are larger than for the same time last year,
/ ana the Total amount IN sight IS ABOUT 52,OUO
/ bales more than year ago.
/ In iron market circles, manufacturers
anticipate good orders within the next lew
weeks. principally for structural material
/ While IL is true that there has been no
/ material Improvement in the situation,
| sim the exhausted condition OF surplus
stocks u all directions, indicates bright
ening up in the near future.
Fair sized OrdersBaTe being received by
/ locomotive works, and car builders are
moro hopeful, while there is considerable
more activity in the small branches Of this
/ Industry than for some weeks past.
The dry goods market IS little heayy,
owing 10 unexpected reductions in the
prices OF shirtiugs and blue prints. The
/ demand for the different lines directly al
| fected has been stimulated, but the effect
! on the rest of the market is bad. Apart
from this trade is reported as gradually i'm
proving, but still poor lie the aggregate.
In the hardware line trade is improving;
/ the principal demand al present, however,
being for the cheaper line of goods Col
lections are fair and steadily improving.
/ Good pay buyers are making prompt set
Elements Indications for more active bust
ness are good. owing largely 10 the pros
poets of much building during the early
/ sing.
! I'm LIQUORS business is fair but collections
| moor. BUYERS will not be crowded, and
hence many old accounts are still outstand-
ing which it is difficult to get in. An i'm
I provement in this direction, however, is
looked for.
Takingthe situation as whole, 1t shows
| steady Improvement, and prospects are Ia
! vora6le for further expansion Of trade at