The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-03-04
THE STATE OF TRADE.
TAE WEEKLY BUSINESS REylEw.
ran aad rlAaa..lr. Report. from Ii. Pronl.
nsut Commercial Aad Trade C.ntsrl OftAS
COuptry, Showing The Condition Of
Ba,Iasu and Futurs Prospects.


wheat. Fluctuations have not been ex-
cessiye.
The general tendency Of pork has been
downward with slight fluctuations, the
market eloslngno materially different from
a week ago.
In cotton the advance in price the latter
part Of last week was fairly maintained un-
til yesterday, at which time there was
break, and the market closed fairly steady
at 5aSc.
The wool trade seems in very healthy
condition and the market has been re.
mRrkably free from booms or bulges dur.
ing the last three or four mouths. Good
woods are In firm request ut present prices,
which are yet fairly maintained. To effect
a considerable sale some concession will be
made.
The petroleum market is moderately ac-
tive at somewhat lower rates, with the ex-
cePtion OF petroleum charters, in which
there Is fair amount Of business doing.
The freight market is rather dull and in.
active andthe requirements forgrain freight
moderate and satisfactorily maintained.
The lumber stocks are lower, with large
demand anticipated this spring, and prices
are firm. Some large purchases have al
ready been made at Albany and the gen.
eral trade is good, and the excessive de-
mand at Chicago tends to keep prices strong.
The dtygoods trade was generally fairly
active, and jobbers report satisfactory
business for the season. The number Of
buyers IN the market is increasing, though
purchases for the spring trade can hardly be
said TO have commenced in earnest yet.
American pig iron is quiet, purchases
being only for actual wants. Prices are
quite steady, and holders are satisfied with
the outlook. The demand for foreign iron
is very light and prices show tendency to
recede: business in iron and steel rails Is
very dull and prices weaker. No large
transactions are reported.
The spring trade in boots and shoes is
opening quite favorably, and full run Of
business is looked for in week or two.
Socks in the country stores are light, and
liberal orders are anticipated. Manufacture
ers are not yet busy, but their outlook is
thought to be satisfactory for agood seasons
trade.
There Is a fair demand for leather Of
most kinds and prices are steady. Stocks
are not Large, and the best grades are read
ily sold MS they come into the market.
lin the tea trade the auction sales show
firm prices for most kinds with moderate
demand TO supply immediate wants.
Raw sugar Is in light demand; refined is
in modente demand and prices are held
firmly,
In coffee rather better prices are main
tained; invoice business is moderate and
the distributing demand is not heavy, but
advices tfotn Rio tend to counteract this.
In the butter market holders are in
clined to make concessions in prices in
creamery lots, but for other kinds rates
continue firm in consequence OF the small
arrivals which makes dealers very indie
pendent.
The cheese market is quiet, with export
trade very dull and prices well kept up, us
there is very large home demand, suf-
nclent to prevent much uneasiness.
FAILURE RcoRD.
r. G. Dun & Co., OF the Mercantile
Agency, report business failures for the
week throughout the country 1877, against
l2S last week. The Eastern States furnished
II; Western As; Southern 80; Middle 90:
Pacific coast and Territories and New
York city7. In the city OF New York the
most Important failure Is that OF Cascade,
Crooks 4 Reyaus, who have liabilities OF
several hundred thousand dollars, mostly
abroad. This disaster is said to have been
caused remotely by the collapse OF the
Union Generate, OF Paris, and the conGf-
ton OF continental bank facilities resulting
theretrom. The decline in the volume Of
business, devastating floods in the South
west and several important failures have
combined to cause feeling OF apprehen-
sion as to the healthtulness Of trade gener-
ally. Large losses, arising from hazardous
speculation, and resulting in q decline in
values, contributed to the feeling OF uncer-
tAinty, and the week has not been q very
comforting one to the trading community
generally; nevertheless, there is no indica-
ton that the legitimate trade OF the country
is less than before, or that the ability to
absorb, consume and pay for all goods pur-
chased need be questioned. The reports
as to crops in the West and Northwest are
unanimously good, and the springdemand
for merchandise isopening up very satis-
tactorily.
| CINCINNATI.
CINCINNATI, March 3.--A most welcome
change in the weather to clear sunshiny
days has had double effect OF reducing
the trouble from the high water and
stimulating trade this week. The effect is
tett in ait departments Of business and a
very marked improvement in the general
tone Of trade is felt everywhere. The
money market is in firm demand, little
less urgent than earlier in the week. Cur
rency is coming in from the country. Rates
are maintained at and per cent. There
IS some stringenCy in the open market.
Cati sales are firm at Q per cent; short time
loans at per cent eastern exchange
stronger and in active demand and selling
at par.
Groceries, notwithstanding all theadverse
effects Of the year, are doing well. Indeed
the business Of January was better than
that Of the corresponding month Of last
year The present week marks q most
universal activity. This is partly due to
the resumption OF business which had been
suspended by the food. The early ap.
proach OF spring also tends to stimulate
the demand.
Dry goods show much more hopeful
evidence Of better days coming, and the
outlook is good. Orders are growing al
] Boo!s and shoes have to contend with
the piethoric stock Of winter goods, and
also have the depression caused BY so
much loss in different partsof the country.
Orders are fairly abundant.
On Change business has not been nc
tive, except in corn. Provisions have been
held firmly, and generally above the
market.
TIE stock market not being heavy has a
disposition 10 wait for an upward turn,
Pork is nominal at Sl7 SIS. Lard $40 rs.
Bacon Is in good demand and sales COM
paratlvely high.
has been fairly active The recent action
Of the distillers in reducing the production
and The steppage Of one distiliesy on ac-
count of the flood haR diminiShhd tha