Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-02-26
NEW Y0RKMARKETS
STOCK MARKET HIGHER, AND BOND, RON DRY
GOODS, GROCERY,
Cereal and Hardware Markets ID Peter Tons-A
Feeling Of Chssralnsss Predominant; Through
on. hs Various Trades.

Special Tsle7ram 20 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 yea- 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,
end from the present outlook, 10 is pro6a-
bic taat a continual improvement viii
heuccforth be the rule. Whiieitis true
that the general strengthening OF
trade is slow, yet the improvement is
there nevertheless aud when one week is
compared with the preceding one, or with
month ago. the gain is very clear
Manufacturers, however, are doing but
little compared with their output oil a
year ago. naturally awaiting the outcome
Of the tariu question before attempting 20
extend their lines. -ud the maj ~ OF es-
Inmates now being made, are Tor cash
prices. AT the moment they have no act-
ual or well defined basis ON which % base
calculations, and as c0useQ uence, are
therefore not endeavOr.lg t0 push trade.
Tn the specuI alive markets, however. Olsl-
ness is Frightening, ana the tone OF the
dealings stronger.
ON the Stock Exchange dealings are in-
creasiug. and uotw.ttstauliug that the
market moves with great irregu.arltv, the
undert0ue rom4Iuslnrm. Speculation re-
fleets diminished short interest. realizing
by the bulls, and very often Che effects do
not materially alter general prices, Wllch
continue firm. The markets. position Us
n0ucea0lv growing stronger ana appears
90 Oe OF an advancing tendency. Many OF
the more active stocks arc from TO
points higher toan week ago, and are ln
stronger hands. Railroad net earnings are
OF favorable character. AND, when con-
Eiderod as q whole are particularly en-
c0uragiug. Railway bonds are strous ana
advancing
Money is extremely, easy, on cau ruling
at per cent while time money l5 ll aulnd-
ant supply a- per cent for I'D days; 3 per
cent for months, and s. per cent FOR
months Mercantile paper is dull with
demand for the CHEST grades only.
Government bonds are firm and the As
'O7, coupons are - point higher Others
unchanged
Ito the municipal bond market business is
fair and numbers OF good sized issues are
+, being placed in this market
The tone of the market appears strong
of sales, although aJ the present moment
investors are combining themselves priucl-
pally % che issues of the larger and better
known cities. Prices obtained are lair,
and are STRENGTHENING.
Tia the grain markets, feeling of slight
uncertainty is apparent Influenced % some
extent bv cable advICes of easier markets
abroad. The Iquidauou in wheat has been
very large during the past few days, ard
the continued reported Increase iu tle WIS.,
Idle supply has been factor which ls
largely responsible for 0epressin. prices.
The lowest prices realized during t1e last
week have been 6-a,c ior May wheat and
60asc for cash Prices are now strength
euiug, however Corn is unchanged. OPP
tion trading is fair 40 very hrm prices, out
very few transactions are occurring lu
cash corn. Oats are duh but steady
Tia the wholesale grocery line, increasing
sales are reported. and business may be- de-
scrI bed as fair Whatever may 0e said 20
the contrary, 10 has become an established
fact that this lime of trade is rem1r6ao.y
good, when the general situation ls conS.u-
cred. During t-e .dsl week, some gains
appear iu both sales and volume or ous,-
ness. while losses are smaller than are 20
be- observed u other trades Collections
ere reported as being satisfactory and the
outlook is encouraging.
ON the Cotton Exchange business is
fairly active with prices uuctuaunS De-
tween 8 and points, olt for the past week,
closing with opening quotations. Receipts
are larger than for Ile same time last year.
auu the total amount ma sight is ABOUT o-,JOJ
bales more than year ago.
LID iron market circles. manufacturers
anticipate good orders within the next toW
weeks. principally for structural material.
While 10 is true that there has been no
material Improvement iu Che situation,
sun the exhausted condition OF surplus
stocks bon all directions, indicates bright
eniug up in the near future.
Fair sized ordersgare being received by
locomotive works. and car builders are
more hopeful. while there ls considerable
more activity in the small branches of this
industry than for some weeks past
The dry goods market is ltto ncaYy,
owing 90 unexpected reductions ln the
prices of shlrtiugS ana o.uc prints 1he
demand for the different lines directly at-
fected has been stimulated, out the eject
ON the rest of the market is bad. Apar.
from this trade S reported as gradually Im-
proving. bur stili poor Inc the aggregate.
In the hardware line trade rs improving;
the principal demand no present however
being for the cheaper line of goods. Col
lections are fair and steadily improving.
Good pay btyors are masking prompt SET
Elements. Indications Tor more active ousl-
ness are good, owing largely 20 the pros
poets of much building duriug the early
sing
I'M LIQUORS business is fair but collections
moor BUYERS will not bo crowded, and
hence many old accounts are still 0utstaud-
iDr which 10 is Cihcclt 90 get In. An im-
proyemeut in this direction, however, is
looked for
Talziurthe situation SIS O whole it shows
steady Improvement and prospects are Ia
vora6le for further expansion OF trade 40
this centre.