The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-09-03
WEEKLY TRADE REPORT
SHOWING THE STATE OF BUSINESS
AZ thc Great Marts Of the COuntry-A
tiVity In Every Branch, and Out
look for the Future Good.
Effect Of the Drought.

NRw YoRE, September 2,-Trade in all
branches continues good, and, indeed, un'
usually active for the season Of the year. In
dry goods trade is very active and iObbers
report u lively business, The stores are
crowded with customers, and the feeling
among the trade Is very hopeful, In the
domestic commission busineis there is q
fair trade doing, hut not very active; still,
all are more or less busy, The clothing
trade is fourishing, Large numbers Of
buyers from all parts of the country are
here in connection with every branch Of
the dry goods interest,
In wheat the market has been irregular,
sympathizing with the heavy changes in
Chicago. There is somewhat better feel
ing here in consequence of the unfavoRble
crop reports from Great Britain, which in
dicate that the necessities Of the country
will be much larger than was expected.
Owing to drought, corn has maintained u
recent advance, and the market is now, on
the whole, firm. Prime shipping varieties
are scarce. Oats continue firm in spite Of
the large supplies, but have not advanced
in the same ratio as other grains SpGcu-
latOrs are buying freely. In flour there Is
u hrmer tone and good demand, thesupply
hardly keeping up with it.
Wool quiet, prices steady. Holders are
inclined to maintain prices, in the expGcta-
ton Of an advance in values, based mostly
on foreign reports, .
In petroleum, prices are advancing and
the demand continues very good.
In lard, business has been more active
and prices tirner. Thereisa goOddemand
both for refining and export
In leather, business continues quiet.
Manufacturers are buying mainly for i'm
mediate wants. Prices firm. II IL not
thought that they will go lower, Rs the tan
ners are now working Ona very small mar
gin Of profit, The shoe trade continues
active and satisfactory. A large number
OF buyers are here from the South and else
where, many Of whom are purchasing very
freely and paying cash to get the benefit Of
a discount. The season may now ba re-
garled at It's heighth and reports from all
branches are favorable,
The demand for American pig iron
keeps good prices steady, with but little
speculation In foreign irons and fOw trans
actions, those mostly for immediate con-
suption. The reports from Pennsylvania
show that the manufacturers are mostly
actively employed with orders for months
ahead. II Is thought that heavy impOrta-
tiOns OF foreign iron will soon be mNle, Us
the present conditions are becoming favor
able to that policy.
In lumber the general market Is sshOwing
increased activity, and In white pine All
actual advance has been sustained.
No accumulations exist, and the season. 4
stock is somewhat broken. Hard woods
active, especially black walnut, which Is
becoming scarce. The question Of Il substi-
tute Is being discussed with some anxiety.
The tone OF the market Is strong.
The continued dry weather has caused
considerable activity in the produce trade,
Butter advanced fully three cents within
the past week and all indications now are
that prices will 90 higher Cheese has adj
vanCed somewhat, but not In the same
proportion asbutter. The calculations made
in the earlier part OF the seasOn on the
large dairy products for the year will GER
tainly not be realized, and though there
are large quantities OF these staples held
here and In the country ut present the
make for the remaining months Of the
year must be small and there Is little
doubt but prices will rule high.
The same cause Is operating to advance
the price Of paper. Water Is gettingscarce
-, irn,1ittn. n,,I ii,n .ntII,n ,,t,..
ming on short time, and Ia some CNRes have
shut down altogether. Should the drought
continue few weeks longer II must lnatcr-
tally curtail the out put OF paper, and deal
erS here are now refusing orders for future
delivery at the present prices.
In raw sugar the market hns become
more active ns the necessities Of rciihers
have increased. Holders OF ray, Qre very
firm asking full prices and they are backed
by the markets abroad, which show extreme
steadiness. In refined sugars Il more gen.
cral demand Is noted, but still II can not
be called active. PriCesare well sustained.
-. AT CHICAGO. F't-
Chicago, September 2.-The financial
events Of this week llavebeen closely allied
to the Board Of Trade furry.
The activity in grain has kept the avail
able funds Of the banks in good demand
and the rates for money have been from
six to eight per cent, with not n few loans
at the outside figure. There was also n
good and fair shipment Of currency to the
country, but less than former weeks. East.
ern exchange was one dollar ertllOusind
dollars discount. The clearings exceed
BY about Sl5,00O,0OO during five days Of
Tie week, the clearings Of amy preceding
week. The total Clearings by tomorrow
noon will probably reach S5,000,000. The
best preceding record Of Clearances for the
week Is $5j,000,000. Nearly all this great
increase Is due 10 the speculative fever on
Change, brought about by the Corner by
The manipulationS OF the Cincinnati clique
and by the great variety Of reports received
and opinions entertained as to the con-
ditiori Of corn and the future CouSe Of
prices. In the general business there Is
little to note.
Trade Is on the whole becoming more
animated. This Is particularly the crse
with staple lines Of dry goods, nearly every
article ol which is In great demand.
The boot and sllpe trade Is assuming
greater proportionsthan ever before. Fancy
articles meet good demand, which In
some instances amounts to rush.
Coal and wood are becoming stronger IN
price.
Iron products held firmly, but the de-
mand continues dull.
There has been brisk trade III groceries,
utat,ln and fancy. and prices for all living