Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1901-01-08

New York--Wall street rounded out the
century with one of the most remarkable
stock markets on record. Daily transac-
tons are still running considerably in ex-
cess of 100000 shares, and the trend
of prices appears to be as strongly up
ward now as at any time in the last two
months. The buying power of the coun-
try has exceeded all expectations. Moth
ing like it has ever before been seen. Not
withdrawing the fact that in the last two
months all Of the active stocks have scor-
ed advances ranging all the way from
10 to 40 points the demand of the public
is still keen, and at the moment there is
nothing to indicate any important change
in the situation in this respect in the
near future. Reports from every sec
ton of the country indicate that general
business conditions are healthy. Owing
! to the fact that prices, as a rule, are on
a comparatively high level, there is not
that rush TO stock up that might other
wise be the case. At the same time it is
| believed consumption is and will be sufi-
| eient to maintain a high degree of pro-
| duction, consequently there is no dispo-
| sition to force sales by reduction of
| prices.
Chicago Extreme dullness was the
| chief feature of the speculative business
in wheat and corn during the last week
of the year. The absence. of activity was
| attempted to be accounted for sby the in
| fluence of the holidays, but that cannot
| be accepted in explanation in view of the
| unprecedented briskness of speculation in
| Wall street, where the effect of the holt
| day season should be as marked as is
| claimed for it in the dealings on the Chi
| cago Board of Trade There are other
| reasons than the one referred to for the
| dullness of the speculative business in
| Board of Trade circles To which atten-
| ton has been only casually directed, the
least OF which is certainly not the trivial
fluctuations from day to day and week
to week. Unless something occurs to
| create greater divergence of opinion
| with regard to the future probabilities of
the market referring more particularly
| to wheat there is but little promise for
interest in the trade extending beyond
the comparatively limited bounds of the
professional spectators. Compared with
its price on the previous Saturday, May
wheat Friday afternoon had only changed
| II cent bushel, and that in face of the
ISSUE fucdDl&lAt VI the government UDHI
estimate on the quantitative production
| of last seasons crops, which ordinarily
| is cause for much disturbance of previ-
ously formed opinion and unsettling of
| prices. If the grain trade was not much
| influenced by the government estimate of
| the seasons cereal wealth it must at
| least be subject for the most lively con-
| gratulations of the general business COM
munity to find from it that notwithstand-
| ing heavy losses to the wheat crop in
| several important sections where ii is
largely raised the abundance of its
growth in ether areas was such that the
total was above the average of the last
FIVE years and approximately not far from
ranking with the best of former seasons
The corn crop, too, was stated By the
statistician of the agricultural bureau to
have been zone Of the largest ,lter gath
| cred and the crop of oats mas only
| once been exceeded