The record-union., 1897-11-13

Railroad gross earnings show smaller
gains as comparisons begin TO be made
with more nearly normal conditions one
year ago. The total October earnings
of 121 companies, operating 100, ,000
miles Of road. aggregate 55,464 ,3339, a
gain of $1,000, 900 over September, and
. per cent. over October year ago
This gain compares with gains of IL
per cent in September and 12.5 pei
cent. in August over corresponding Pc
riods in 1896. The Pacific, Southwest
ern and Central Western roads make
the best showing.
Other favorable features are the con-
tinued firmness of and activity in wool
iron and steel. The heavy output OF
iron and moderate reduction of stocks
last week suggests the improba bility OF
the advance in prices of iron and stee
next year, which SO many have hoped
for
Cold weather in the central West and
Northwest has stimulated demand foi
winter goods, particularly clothing.
STOCK MARKET.
NEW YORK, Nov. 12-In its review
of the stock market "Bradstreet's' to-
morrow will say:
While speculation showed some re-
sponSe to favorable developments the
course Of the market has been irregu-
lar After an improvement in prices
early in the week, the professional
traders made an attack on the market
ana met with little resistance, although
on Friday prices We're again put or
the shorts. The absence of public in.
terest and the small volume to which
commission house buying has shr1nk
are still noticeable factors. Large in
terests have within a few days past
extended renewed support to certain
but it seems that the clioues
and bull pools are for the present DOR
mant, and that in spite of the much
better developments in number of di-
rections manipulative activity is still
almost entirely against values
Ihe news which could directly affect
the market was almost entirely favor
able
Amcng the favorable items We're the
friendly tone of the Spanish Govern
ments note and the decision of the
United States Supreme Court in the
long and short haul case An idea
apparently developed that the long and
short haul decision was of considerable
benefit to the railroads and the
strength the grangers took on Tues
day and Wednesday was partly trace
able to this cause
Ihe coal stocks showed considerable
strength, because of the general belief
that orders will be issued to restrict
production and check the accumulation
of unused stocks of coal.
Sugar was a feature this week. de-
Ginning from 1885 to 126. but raIlvinp
on Friday to 12S7s On the whole the
market has been narrow and profess
sional one.
WHEAT A SHADE HIGHER.
CHICAGO, Nov. 12-Wheat started
with sellers of May at from Ole down
to 9Os4c and very little changed hands
at over 90aIc. This compared with
Yesterdays closing price of 911lc. The
failure of the Liverpool market 70 re-
5pond TO the bullish tone with which
THIS market closed the day before was
chlefiy responsible for the 3Sc decline.
That market opened at but 1s@Ad ad :
vance, and had even lost this bv the
time trading commenced here North
west receipts We're large. compared
with last years figures, MINNEAPOLIS
and Duluth reporting S21 cars, against
)49 week ago and 454 last year. Chi
cago got 81 cars to-day, 119 a week
ago and 49 the similar day a year ago.
New York shortly after the opening.
wired that they had selling orders there
from the continent for December wheat.
but other New York messages said pri-
vate cablegTams from the continent
were firm N their tone The price
gradually sank, and touched 9O3sc be-
fore ii had over a 1sc rally. 1t did.
however, recover to 91Ac by about II
o'clock, without receiving anything
stgikingly encouraging in the way of
additional information.
The Atlantic and gulf ports returned
clearances for the day of $4,000 bush
els. The total receipts for the day
at primary Western markets amount
ed TO 1,0o2,000 bushels, against o41 900
bushels year ago. Minneapolis stocks
of wheat for the week are expected to
show an increase Of 100000 bushcis.
and Duluth an increase of 200, 600 BUSH
els. The general guesses here on the
Change in the weeks visible ran from
:, 100000 to 100000 bushels increase.
The weekly review of the situation by
the Modern Miller" was rather bear
ish, but on a tip that preceded its de-
tails that il would be bullish in tone.
buying started that put the price from
around 9014c to 90Mc.
After receipt of the Modern Miller
report the price sagged to 90ibc but at
the end of the session assurances from
most reliable sources in the Northwest
were received to the effect that there
was a marked falling off in farmers
deliveries, and they We're to-day not
over half what they were a week ago.
That Information, and the fact that
some Of the Duluth wheat which has
been shipped here lately is missing a
grade, caused sudden revival Of the
markets previously waning strength.
December, which was hanging neglect
edly around 931ac. responded to the bid
ding for a limited quantity for a sud
den squirt TO 945sc, and May from
around 9O1hc rose to Ole Closing
trades We're at 941ac for December and
9034c for May.
His Ma1ady.
Soiled Spoouer-I believe I've pot in