Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-02-05
Excess of reserve slll,e2S,OOO

The lack of inquiry for funds, to-
gether with the great pressure OF the
unemployed accumulation, is felt in the
market for bonds, and they are gradual
ly hardening under an improved de-
mand. In the stock market, also, the
tendency now appears TO be toward
higher prices, and the tone of
the market was continuously strong.
The passage OF the Wilson bill
really produced no effect upon the ira
ding, either one way or the other, and
this apparent disinterestedness OF the
street, was the basis for some surprise
and comment.
In reality, however, the passage had
been discounted, far in advance OF the
action, so lhe vote, therefore, was not
unexpected, and did not have much Ell
feet on prices, which remained steady
throughout.
During the week the following bonds
advanced: Texas and Pacific lists. Ia
points; Reading general As, l; Atchison
As. "a; Burlington and Quincy IS, II;
Chesapeake and Ohio IS, ia; Chicago
and Erie income, y; Northern Pacific,
2st coupon, S}S: I'd coupon, /; 3ds, /;
Canada Southern lists, q; st. Louis and
Southwestern lists, IS; seconds, "a;
Union Pacific, Denver and Gulf lists, ~;
Western New York and Pennsylvania,
=. Those that declined were: Rich
mond and West Point Gs, IS; ST. Louis
and Southwestern eds, Is; Kansas and
Texas Gas, 216; General Electric IS, l,
and Chicago and Northern Pacific lists,
= points.
Money on call was easy, call loans
ruling at per cent, although a per
cent was the rate occasionally quoted.
Government bonds were steady, with
the registered As advancing from 113l4
to ia.
In the municipal bond market bust
ness was fairly active, with the princi-
pal inquiry being for the higher grade
bonds of the better known cities only.
The inquiry for secondclass bonds has
improved, but as yet few sales are being
reported. Prices for first grades are
advancing.
The grain markets were steadier
during the week, but very quiet and
afterwards very dull. Offerings were
light. and in the absence OF any selling
pressure, prices were fairly well main
tanned.
Wheat was irregular during the
week, but rallied sharply at the close,
and is - higher. Corn continued duh,
but was firmer, with May at "a 9-16.
oats were dull. Trading was almost
local, however. In the cotton market
business was fairly good with prices.
steady.
The expectation OF materially re-
duced movement, based upon light re-
ceIpts at the interior towns, imparts
confidence TO buyers, and as sellers are
cautious the market readily responds to
aoy provocation tending to improve val
ues. The amount brought into sight
during the week was 1900 bales,
against 126, 900 last year. The visible
United States supply is, at the ports,
l,O75, 900 bales; interior towns, 349, 600;
against 1,027,0 600 and 3Ss,000 respec-
lively last year, an increase OF 5000
RE stock in New York warehouses
is 2s7, 900 bales, against 3S2, 600 last
year.
In the wholesale grocery liue trade
was good during the week, with the
principal business coming from out OF
town BUYERS, who anticipate better
prices, and are encouraged to stock up
at the prevailing low quotations.
Hardware men also report the busi-
ness as Frightening.
Taking the week as whole, general
business may be described as fair with
collections improving; the markets in
better tone, and a more cheerful feeling
prevailing.