The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-06-04
THE PAST WEEK
f5ltR tRAgA
n TaE MARKETs OF THE COUNTRT.
Reports Of On Average VOlume of Trade,
with Frightening Prospects for
lhe Future = BuAlnGHs At
Ihe Metropolis.

NEw YoRE, June ,S.-Ths business {
the week has shown NO marked chang
in volume and activity. The trade in th
various departments was we'll main
tanned, but without much increase Il
profits. Prices generally show no marke
improvement, though the demand 70
almost all classes OF merchandise continue
fairly active, yet the production and suppl
having been uuduly stimulated prov
more than sufficient to keep the profit
down 10 q low level. The consequence |
that the seasons trade, though large il
extent, . not yet doing Rs well as an
tlcipated.s Phe money market for thl
week experienced little change, Ther,
was little stiffening OF the market In til,
first part OF the week, when to A per cen
was obtained on call and some large loan
was made at4 per cent to run six months
In the middle OF the week the stocl
market fell off somewhat, the prices de
Glining on most Of the list l 10 2 per cent
but the bulls have since got control anc
the prices are 90 high RS ever, and there L
strong feeling now that the figures will
be sustained for some time.
Tho demand for Governments ia moi
so active and prices are slightly lower,
Exchange quiet. ln grain the market has
been strong, and New York merchants
have been free sellers, The demand foE
export is very light, prices being too high.
The business oil the week has been large,
but mainly speculative. In provisions
the fluctuations 10 hog products have been
considerable, and the controllers OF the
long interest appear somewhat undecided,
Transactions are largely speculative,
though fair amount Of regular business
is doing. In other lines OF provisions
there Is no material change.
In cotton there has been q strong mar,
ket, with considerable business and grad.
ual advance In all grades, closing quiet at
enhanced prices. This In face of the iact
that tho reports Of the coming crop are
favorable every way, and q considerable
increase over the present years crop ID
certain,
The wool marketls steady without suf,
acleht ,confdenCe 10 warrant an advance
In prices, Buyers appear Indifferent, so the
sellers have little induCement TO yield, and
the volume OF business Ia moderate.
A fair amount OF business is doing in
petroleum at about previous rates. In
tlsh oils the season thus far promises WE'LL
The catch is good and fish plentiful ou
grounds where but few were iouAd .last
year. The money invested In fishing ID
increasing largely, and steam 10 now the
leading feature in the enterprise. -
According to the annual reports oil tho
leading exchanges are enjoying a high de-!
gree Of prosperity, IntbeproduCe exchange
some important insurance features have
BEEN proposed, both torliie, insurance fof
members and generaliinsuranOe for 'rnerI
chandlse on Lloyd's plan, which may lead
to important results.
Tea market firm, with an advance OF
two cents on Japans, and 5000 hall
chests sold by first hands, but there was
no active demand. Rio coffee, market
firm for fair to middling; cargoes 1T, an
advance on last week, caused by large
purchases on the English account; prices
maintained at auction sales, hut there has
been. DO special activity. The new crop
will be ready for market about July land
is large. About the usual number OF fail.
ures occurred, though from the South the
casualties reported have been much less
In the last ten days than during any pc.
riod since the commencement OF the year.
The condition Of creditin the West seems
unusually good, judging by the few disasters
occurring In proportion to the number en-
gagged In business, In tho Middle States
metcanttle disasters have been more
marked, being the result Of lines OF Credit
extended, 10 individaals beyond due
bounds. Taking the. GonntryssfR whole,
however, the failures are remarkably
small, In view OF the volume OF business
transactions, the extended line Of credit
audit email tprohtsrealized the last elk
months.
The Traveller, in an advance publication
tomorrow, furnishes the following llst OF
exports for the past week: Flour, 6295l
barrels; grain, 1,263, ,4i0 bushels; corn, |.
356bl9 bushels: oats, 1856 bushels.
The transactions In railroad .btoCks for
the week aggregated 1,0l7, ,46S shates.
= TIE NEWS FROM CHICAGO RNeouRAsINas1
CHICAGO, June a.-The week 0tarled
dry,hot and dusty, with signs Of a drought,
which means hard times for the West.
On Wednesday and Thursday good soak
ing showers revived things and made
business good where II bad been inclined
10 drag. The week is Closing with cool,
almost chilly temperature and cloudy
weather, although from outside theCity the
reports indicate that the northwest is en-.
joying general sunshine aud good grow.
Ing weather. The May settlements again
sVelled the cleaHitgs OF the banks, and
Tie clearing house will ,ehow@s total for
the 6ve day Of the week, Monday being
bank holiday, Of about ftty.two million
dollars, which has passed through It. The
Clearings OF the month Of May were one
hundred and seventy.two millions,, or
over. thirty millions In o4cess oil those
OF the corresponding month Of last year.
Themoney demand has slaOkened ana is
only moderately Good to choice paper 10
about four 70 Eve per cent on Gall aud Bix
10 seven per cent on time. Eastern ex.
change is 25 cents discount. Local stocks
and 1gcutideS ateunusually active. Phces
are figids E
Wool is scarce, and therefore prices sre
firm THO new clip has no, begun to
arrive. = Ir.sgn'1t. .inr5.9k
Hayis weateninR, and every grade Ia
one dollar per ton lower, and difficult 10
sell at that. ,4.i.IN, E5L &
Lufnber Is wanted and active 10 Tie ex.
tento stpplywlth prices arm and Bpme
talkot advancing rates.
Brick iB rather eSsisr, and building isSs
difficult.
Real estate continues 10 look up, and all
rents are firm al the recent advances.
Houses are less scarce, but business loCa.
tions are still In great demand.
Shipmetits. Of corn, oats and wheat haye
been neglected, which gives rice I'd
the report that NE clique liat6
dropped wheat as a speculation. In fact
II 10 by no means aufe that there 10 any
unusual manipulation of wheat, lie ad.
vance having taken place over purely
statistical and Logical grounds. The de-.
cline Of the week has occurred In the
-. A. 4 -