The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-02-25
THE STATE OF TRADE.
THE WEEKLY BUSINESS REVIEW.
Fall and Exhaustive Reports from the PrOnI,
neat Commercial aud Trade CSutSrs Of the
Country, Showing the Condition Of
Bu'lnS" and Future Prospects.

-
Country, Showing the Condition Of
Business Aad Future Prospects.
NEw York, February 9i.-A reporter O
tho Commercial convescd with Jaw Gould
this afternoon, relative to the excitement
and decline OF yesterday, when lie said
''Ihc decline Of yesterday was without rca,
son. The sacrifice Of stocks was foolish
and to-day the shares are held in stronger
hands than theyha been for the past two
years."
Dry goods fair in the aggregate. Quite Il
heavy amount Of business has been done.
Buyers are hero in large numbers. and
while their purchases are mainly for actnal
wants, the amount OF business transacted
all around has been fairly satisfactory.
In grain moderate advance OF n week
ago has been maintained, with considem.
bic Armness during the week. But The
market closes somewhat unsettled, with n
slight falling Off in prices and indications
Of u further decline.
In pork RIRl lard there is no materiul
change, and The condition Of the market is
rather weak and more in favorof the conn.
try very lightly stocked. Manufacturers
are moderately busy. MS are iobbers,
There isa better demand Tor leather and
prices are hrmcr. III somc kinds consider.
able activity is noticed The lIaverhill
fire is responsible for the destruction Of n
good deal Of leather, which caused Il better
feeling and increased the number OF
buyers in this market.
The demand for American pig iron il
light in face Of the admittedly large con.
sumption. Prices continue firm however.
and holders are not inclined to concede
anything. A small amount OF business is
doing in Scotch pig and prices are slightly
more in buyers favor, business being most.
ly in very small lots.
There is little doing in rails, either steel
or iron, and prices are unchanged.
In cOliee there is a better demand .nnd
prices a shade tirner In the mifdei
grades good business is doing, mainly
for immediate consumption.
Trade III raw sugar is very light though
there is better demand for parcels to mr.
rive. In refined the price is steady and a
little more doing.
In butter prices are still advancing for
all the higher grades, which are scarce.
Ordinary and low qualities are about steady,
%hIIe the intermediate sorts, which feel
the competition Of oleomargarine, are not
in much demand and sell al easy rates.
The cheese market is somewhat flat and
in favor OF the buyer. The demand for
export is very light, in view Of unsatisiac.
tory advlcesfrom abroad. Receipts moder-
ate.
FAILURE RECORD.
NEw i0RE, February 24.-R. G. Dun &
Co, OF the Mercantile Agency and ninety
branch Offices, report failures for the last
seven days to be l2S, slight reduction
upon lust week. Middle States 30, Eastern
| 10, Southern S5, Western st, Pacific coast
and Territories IL, New York CITY I. Some
OF the disasters OF the week ave been OF
much Importance and significance, notably
the stoppage Of the Merchants bank in
Watcrtown. The failure OF MtFarane in
the lard business, New York, and Herman
BAtncr AZ Bro, New York. The latter fail.
ure was not unexpected. The WatertOwn
bank is likclyto bring down with it mum.
Der Of houses in that vicinity who have
been interested in grain speculation.
CHICAGO.
CHICAGO, February 2l.-To.day de.
vei0Ped one oil the most unsettled and cx-
cited markets witnessed for some time,
Trading was very unsatisfactory. 1t being
impossible to execute the majority OF the
orders according TO instructions, the mer-
chants were decidedly embarrassed There
were numerous and large stop orders on
the market to close out between lGa27 for
April. This future closed yesterday on call
ut 27ja2S; opening to-day panicky, with
tree sellers, comparatively few buyers and
sales Mt 24a2G, almost ut the the same time,
making it impossible 10 execute orders as
desired, trading was active. The reaction
from inside prices was quite rapid, with
not much trading at the extremes OF the
day. Prices tUcluatcd within II range oil
24a3 per cent during the day, and closed
ut 2 lower for April, 80 for May, and about
! per cent lower for June than the closing
figures on change yesterday. The receipts
and shipments were small. Outside ad-
vices are decidedly umfavorahle. Cash was
quiet at range of 93a93i; April was
the chief center ot trading, the feeling
was alternately panicky and strong. Sales
were madeat 81 23ial 2Gl, with rumored
sales at 81 %. The opening was the most
deinoail2ed for weeks; practically there
was no opening, the pressure to realize was
so great and the fear that the alleged COM
blnatlon had sold ont so demOruliIed the
feeling that sales were made at 81 20 down
to 81 a almost at the same time in different
parts OF the crowd, aud rImors aIso Of sales
at 81 26i, then off quickly to 81 23I and
possibly sales at 81 %, but reacted quickly
TAT the decline; prices rallied, advancing
rapidly, iuctuated quickly and closed as
above mentioned. May was quite active,
ranging irregulurly from lc to 2lc under
April, with sales at 81 29ial 2jl and closed
ats 23t bid June was us badly demOraI-
lied rs April. There was scarcely any
market in June Quo1ably 2!a3c under May.
CINCINNATI.
CiNC'SNATI,, February 24.-The week
has been Il memorable one, rs marking the
highest stage OF water i'll the Ohio river
since the great flood OF 1877. Experience
shows how completely the industry of the
city may be Frustrated By food. 1t was
impossible TO transfer freight from one rail-
road to another, or to approach the cleva.
tors. Henceall delivery oigruin was prac-
tically stopped. This stopped business on
Change, and as large number OF commits.
sion houses and manufacturing establish.
nents, including MI the tlisiillrries, were
compelled to close by the rising flood there
was indeed n serious check to business,
which was felt in Ntt departments OF trade
| that depended on tho jlse OF railroad and
river transportation. The river has now r..
ceded five feet from the highest point, and
the water has Just got below the furnace
doors Of the dIstiIIerics. By tomorrow, or
Monday at the farthcst, they can start
again, as well as all other establishments
that have been drowned out init.
In the banks there has been a strong de.
mand for money, notes OF discount
being firm at Gu per cent, Eastern ex.
changes have been weak and rates hive