Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1900-09-02

IDENTIFY, for such reasons as just sug-
gested, they have elected to postpone
activities of that sort until more pro-
pitious time Hesitation OF this sort
naturally encouraged the trading ele-
ment to take the short side of the mar
ket; and sales on this account, as well
as for a few weary bulls, have been
the only relief in an exceedingly mon
oConous and embarrassing market.
Russia has heretofore asserted that
her interests in the Far East We're iden-
teal with those OF America, and now
comes forth with tangible proof in a
distinct declaration against the dis
membernent OF China and a perfect
commercial accord with US In the open
door policy. Such a position upon che
part of America and Russia must carry
great weight in the calculations Of
other powers. and will undoubtedly
simplify a settlement of the trouble. u
is reassuFing, indeed. that the very
government suspected of entertaining
the most far-reaching Interior designs
In this affair should take such a wise
and friendly attitude 1t is another
link in the traditional friendship be-
tween that great monarchy and the
great republic. There is no doubt but
that the earliest practicable Withdrawal
of troops from China would materially
advance the conduct OF negotiations
and lead to prompt steps toward in
Identifying the various interested gov
ernments. Their presence. now that
the actual work of rescue has been
tinue long enough to complete plans OF
relief and transportation. as otherwise
they act as an irritation TO the Oriental
mind. With Eastern affairs thus
placed. We have come from under the
darkest cloud oyerhanging domestic
financial matters. The South African
war is virtually over, and there remains
only the Presidential election. The
September elections in some Of the New
England States will no doubt foreshad-
ow the result in November. The near
approach OF autumn will bring back
home many OF the large operators. and
thus eliminate absenteeism from
among the adverse factors, so that
present conditions and the general out
look are favorable 10 the security mar
ket.
Money market conditions savor
firlner rates. Bank reserves IN New
York are low, and as soon as the usual
fall demands set in lenders viii un-
doubtedly be able to get more salts
factory rates. The interior banks, how
ever. are well supplied with funds. and
az the refunding operations OF the gov
eminent have largely increased the
supply Of funds there Il no reason to
anticipate stringency. Speculation Will
undoubtedly be more active q few
weeks hence, and this viii help swell
the loan account. Apart from the IN
certainties mentioned the outlook for
the market IS favorable Railroad
earnings are excellent Trade is less
active ard less profitable than year
lago; but is settling down 70 more nor
nal conditions. In the iron trade the
process OF readjussment seems almost
complete. and new orders are coming
IN freely a the reduced prices. insur-
ing a continued demand for both pro-
ducts and labor The textile trades
are slow IN rexaining their balance;
but psogreas y being made and the
outlook Is not Encouraging. Nobody
|expects = r0pekttton 81 the boom Of
1893. dnd ~ t31<cations are that Ne
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