Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-06-04
STATE OF TRADE
As REPORTED FROM THE GREAT BUS.
MESS CENTRES.
Business Generally Quiet and Steady in the
Principal Marts Of the Country, but
Brighter Prospects are ia
Store for the Future.
CHICAGO CORNER IN OATS BROKEN.

Nrw YORK, June 3.-The condition
oil the trade business OF the week has
shown no marked change. In volume
and activity the trade in the various de
partments will be maintained, but With
out much increase in profits. The prices
generally show no marked improve
ment, though the demand for almos
every kind OF merchandise continues
fairly active, yet the production anC
supply having been unduly stimulated
prove more than sufficient to keel
the profits down to low level, and th,
consequence Is that the seasons trade
though large in extent, is not yet doinl
as good return as anticipated.
The money market for the week ex
perienced little change. There was lit
tie stiffening Of the market in the early
part OF the week, when 4 to A. per cent
was obtained on call and some large
loans made at per cent, TO run six
months. In the middle OF the week the
ocklmarket fell of somewhat, prices
declining on most of the list | TO per
cent, but the bulls have since got con
troll and prices are as high as ever and
there is strong feeling now that the
figures will be sustained for some time.
The demand for governments is not 30
active and prices are slightly lower.
The grain market has been strong md
New York merchants have been free
sellers. The demand for export was
very light, prices being too high. The
business OF the week has been large, but
mainly speculative.
In cotton there has been strong mar
ket with considerable business at an
a ivanct all grades closing steady at
enhenced prices. This is in face OF the
fact that the reports of the coming crop
are favorable every way and consider.
able increase over the present years
crop Is very certain.
The wool market is steady without
sufficient confidence TO warrant an al
vance in prices. Buyers appear iniif.
ferent, 80 the sellers have little induce.
nento 10 yield and the volume Of bus.
iness is moderate.
A fair amount Of business is doing In
petroleum at about previous rates.
Tie r coffee market is firm for fair
TO medium cargoes at IL lc. An advance
on last week was caused by large pur.
chases on English accounts. Prices
were maintained at the auction sales,
but there has been no special activity.
The new crop will be ready for market
about July !, and 10 large. About the
usual number OF failures has occurred,
though from the South the casualties re-
ported have been much less in the last ten
days than during any period since the
commencement of the year. The condition
o. credit in the West seems remarkably
good, judging by the few disasters oc
curing in proportion to the number en-
gagged in business. In the Middle State,
mercantile disasters have been more
marked, being the result OF lines OF
credit extended toward individuals be.
yond due bounds. Taking the country
as a whole, however, the failures are
remarkably small in view OF the volume
of business transacted and the extended
line of credit and small PROFITS realized
the last six months.
General Downward Tendency at Balti.
more
BALTIMORE, June 3.-The stock mar.
ket for the past week has been slow and
the volume OF business small. The Sc
curities generally dealt in, Southern,
we're dull. and prices fell of, particularly
Virginia bonds. Money was abundant
at reduced rate.
Dry goods were fairly active, and q
good trade was done. C,tton was not
active, but an advance took place, and
the market closed firm to day, with the
advance fully maintained.
The grain trade has been larger than
for some time. The receipts OF wheat
were large, and the transactions er-
ceed three and one.half million dollars.
While there was no excess Of
imports prices declined, ,iuntil TO day.
Prices are fully IL per cent less than
Friday last. Corn is slow with fair re.
ceipts and moderate trade. This cereal
has also declined ] cents since Friday
last. Oats have fallen off in price, and
the supply has been more than equal 10
the demand. Rye has occupied only a
nominal position in the market, the re-
ceipts being light and the sales small st
q sharp decline from the prices OF last
week.
Flour ruled very steady and prices
were maintained under very light de-
msnd. To day the market showed some
weak ness, and there was a disposition
on the part OF the holders to make con-
cessions on western and Howard stre,t I
brands.
Provisions have shown an entire alb
sence OF trade in round lots, but the
jobbing trade is fairly active and prices
are firmly maintained.
Groceries quiet. Coffee has been firm
for the past two days and an advance Of
fully tc was effected. No business in
raw sugars, but refined is held firm and
the week shows an advance OF fc on all
grades. ..H.E.
The live stock market is firm for good
beef cattle, and an advance Of fully ic
was made; lower grades ruled dull. No
concessions in the part OF holders for
butchers stock. Hogs plenty; prices
fully maintained. Sheep dull supply
more than equal to demand. Coed
lambs command full prices, but sheep
and inferior lambs show fractional de
cline from prices last week.
A Bstter.Yeeling In Chicago.
CHICAGO, June 3.-The week started
in dry. hot and dusty, with signs of q
drought, which means hard times for
the West. On Wednesday and Thurs.
day good soaking showers revived thingl
and made business good where it had
been inclined to drag.
Wool is scarce. Tbs new clip has no,
begun 10 arrive. .4 -.
Hay Is weakening, and every grade !.
q dollar q ton lower and difficult OF ssls
at that.
Lumber 10 wanted and active TO the
extent Of the supply. with prices firm
and some talk Of advancing rstes.
Brick are rather easier, and building
10 less difficult.
Real estate continues to look up, and
all rents are frni o. the recent advances
Houses are less scarce, bat b,siness 10
cations are still in great demand.
The shipments OF cora. oats apt
wheat have been neglected, vhicf
fact gives rise to the very current rumol
that the clique and Armour haze drop
ped wheat as speculation, 10 TACT it i
BY no means sure that there is any IN
usual manipulation OF wheat, the I'd
n