Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-07-26
THE EVENING LETTERS.

Special to White s, White.
NEW YORK, July 25.-439 p. NJ
The market remained steady this after
noon and the general list was helped 10
higher level by the aggressive
strength shown by the steel stocks in
the last hour. Both common and pre-
ferred gained about two points each.
and the advance was accompanied by
rumors OF settlement of the strike.
but these rumors have not been con-
firmed. The street has returned to its
optimistic mood in regard to the strike.
and is ready to believe reports that the
men are weakening. although the reli-
able news shows no important changes
in the situation. The trading was ex-
ceedingly dull, being limited to the
room element. and unusually narrow in
character. Traders are liable 10 change
their position at any moment. as the
public is not largely interested in the
market. C. /. HUDSON G. O..
NEW YORK, July 25.--4 p. m.-The
lower quotations from London this
morning had little influence on our
market, owing to the fact that rain
had been reported in several sections
OF the corn belt, indeea it was said that
the drought was virtually broken and
that Kansas was the only State in
which the great heat was still prevail
ing.
CUR market opened somewhat better
and showed advances in the leading
Changers from / to per cent. which.
however was not fully maintained due,
perhaps to the prevailing dizziness. In
a general way, however, the recessions
were not of that nervous character so
prevalent during the last few days, and
altogether the tone of the market was
more steady and confident.
Judging from to-day's market only,
it seems that liquidation for the time
being has run its course. Even in the
industrial department steadier tone
and advances throughout the list were
noticeable Amalgamated Copper
showed fair strength.
Consolidated Gas and Brooklyn Uni
fed Gas advanced considerably on talk
OF combine and rights to be given out
to stockholders and on the revival OF
the talk of the readjustment of the cap
ital stock of the Consolidated Gas Co.
The steel stocks were decidedly strong
on persistent talk that the strike will
speedily end. Trading in these secur-
tiles was very active and inspired the
whole list, thus creating a bullish feel
ing at the close of the session.
Money rates remained easy and the
earnings as reported by several leading
railway systems were very encouraging.
It looks as if further advances in the
immediate future are likely to occur.
J. s. BAGIIE & co.
PHILADELPHIA, July 25.-The fol-
lowing private letter was received to-
day by Chandler Bros. & Co, from the
exp Postmaster, of Kansas City:
Il drop you a line to lei yon know
how serious the drought and how con-
plete is the failure Of corn in this dis
triot. 1t will become an important
factor in the price of railroad stocks.
We had very little winter rain; not
enough in April to pillow easily; one
rain in May, and none since. Some
hay was made Off first cutting, but
there is no second crop, no pasture,
nearly all springs and brooks dry,
corn an absolute and total failure.
This failure extends from st. Louis to
Salina, 500 miles, and from Oklahoma
to Omaha. 1t is so dry in the south
west that the flies have all died. The
territory l mention, for thirty years
has been celebrated for its walls OF
corn" so to 60 bushels shelled corn
to the acre This year the whole
district will no. average one bushei
per acre. Add to this that the rasp-
berries and blackberries dried on the
vines, total and absolute failure OF
all vegetables except early potatoes
and those not one-quarter of a crop.
No lettuce, beets, radishes, nothing.