Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1894-01-28
THE MARKETS.
BETTER FINANCIAL AND COMMERCIAL oOypI-
TONS TO Bs SEEN IN NEW YORK
lac Situation at Ntw York Shows Inp-Ovsn.,t
tss1nsss More Active and The Uaasr.ou. OF
General Afiirs Nor. S;r,ngtA.aiag.


S><cfei Isiscra,a 70 go Ssaday R.c.st>-.
New York, January sT.-The iunroxe-
ment IN the general condition of business.
AT this centre, noted in these columns last
weeS' has now taken more definite shape
and the gain is no longer visible only in the
speculative markets. II extends through
ont nearly all the various lines OF trade
ana IS Observation-Disclosures by the increase
IN both the sales and general OUTPUT OF
goods and merchandise rs well as by the
increased activity perceptible in many
quarters.
The Improvement; Is not so great. asit is
substantial, being based upon an Increased
demand for products and supplies. which
gives TO II the semolance OF some stability
aud the possibilities OF lasting. In this
respect II is therefore different from the
majority oifavorable developments, which
have arisen during the past Few months
isnd which have osen moro Of tho nature
OF bubbles; suddenly ascending in the
unsnc1al atmosphere, only 10 be burst by
tae hrst breath OF unfavorable rumors
mo oher Of the s50, 200, 600 OF United
states per cent ten year bonds. has had q
MORE FAVORABLE EFFECT
upon the situation this week. than II did
last, as IL Is argued that thr replenishment
OF the gold reserve will so fRvors DIV affect
business as 10 greatly facilitate n further
revival OF activity
IL mas, TO some extent, had n stimulating
euect upon the markets, and will PROBABLY
De the means OF working some of the idle
accumulation OF funds at this centre into
employment
In industrial lines, the Improvement con-
unues, oct the gain is materially slower
imam In the speculative markets.
Ihts may be accounted for by the fact
that wnlle the mills and factories are start
ing MP in many directions. and the number
or ldle people lessened, vet the reduction
IN wages In so many industries. counterbal-
ances the purchasing power of the people.
ON the Stock Exchange business was
again narrow during the week, and even
stricted
There wss but little outsids business and
prices moved up one day and down tn a
next IN weak and uninteresting fashion
From surface indications, II is very certain
That large short interest exists in the
active stocks. both at this centre aud In
London.
Both markets are so narrow, however
that extensive covering cannot be carried
on without Immediately
ApvANCISG PRICES:
hence the unwillinguess Of larger oper.
htors 10 increase transactions on the one
side, and tho tiuidty OF small holders OF
stock on the other What rallie occurred
during the week, were Sot well held. as
many OF the active clques seemed willing
10 reduce their lines. Prices seldom fluctu.
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
pred during the week 70 reduce the
amount OF idle surplus funds lying in the
national banks at this centre. and conse-
quently the plethora Of money continues
No higher bid has been received by the
Secretary Of the Treasury for the new
government bonds than mentioned in these
columns last week, and IL appears likely
that il will be the highest price offered by
the bankers from this city, although il is
highly probable that European capitalists
may possibly offer a slightly better figure
and absorb "A portion OF the bonds abroad
This suppOsition is based upon advices
received at this centre from London bank
ers relative 10 the issue
In other markets, and i'm the tone OF gen
eral business, the predominant feeling dur
ing the week was one of chcerfu!ness. and
the close with essed a hardening OF prices
IN but speculative and industrial markets.