Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-12-02
Business.


A Syndicate composed of Minnesota
|(apitalists has Just effected the purchase
kf s. 900, 900 acres of Texas school lands
u fifty cents per acre.
All trade having been suspended
b. Thanksgiving day, the markets
|bowed but little life. The live stock
tlarket was very dull both at East Lib
trty and New York. The grain trade
gaS steady.
The annual report of the State Mine
InspectOr of Ohio on the coal produc-
ION ofthat State places the total num-
er of tons taken out this year at 9, ,45O,-
uU, an excess over the yield of 1881 OF
u 100000 tons. The total supply of coal
d. the State yet undevelOped is esti-
kuated at 5000, 900, 900 tons, or, at the
resent rate of consumption, enough to
ast for 100 years.
The Boston Daily Advertiser says
The wool market has changed but lit
| lie during the week. The sales foot up
bout the same, er ,945, $50 lbs. against
b Hf, $50 lbs. the previous week, or a de-
gta>c Of lOl ,270 lbs. The sales OF do
bue>tic wool, however, show decrease
f ~ ,270 lbs, while the sales of foreign
have beeh 10, 900 lbs. more. The tone
{ the market has rather improved, ow-
fug to there not having been any more
slures, and there Is a less anxious
yeliTg. Prices are but little changed,
u with few exceptions they are in buy
- favor, and any pressure to sell
lTOUld have to be at q concession. The
largest sales Of any description were OF
UhiO and Pennsylvania.
The business failures for the last seven
ays number l4S as reported to Il. G..
Dun 4 Co., of the mercantile agency,
50 Of these were in the country and l.
n New York city. They We're dis
lyuted as follows: Eastern States 10;
Western u; Southern %; Middle -;
Pacific Coast and Territories 10; Canada
l. and New York city Il. G. V. Faile,
sas: Graham Aitkin, dry goods;
keEtall Bros, paper stock; j. H
ADAMS X Son, hardware, and Dodge L
nClair are among the prominent New
OK assignments. Very many of the
allures throughout the country are
iaceable to stock and oil speculation
nd the unsettled condition of the iron
&Iade.
The dealers and operators in barreled
ORR upon the floor Of the Produce Elk,
mango are in state of unrest over the
unsatisfactory outlook for their trade
hu on Monday next will hold q meet.
Hg al the Managers room of the Ex.
mango Tor the revision of the trade
u.eS. The intention is to frame the
a'eS 50 that competition may more
eadi.y he sustained with the Chicago
AtIange. At present there is a mate.
a. UHIt Ol tradsfrOm the interior towns
Ne chicago dealers, whereas this
1Ne l'rmerly came TO New York. One
|Ep"'ldnt change will be the taking OF
'uS ol ! cent advance per hundred
|AeIsLt m place Of the present restric-
on-9I bids To 24 cents per hundred
SsAI' This will permit smaller dis
t,,''"nS 10 be made, and enable closer
~ discussing the questions of grain
!" ,oses res Ihe Philadelphia North Ameri-
1Ss: S1Ss: The argument about these
ro,'I Su'a'iNe transactions i'm food pro-
II ueIhg injurious to the interests of
o, OISuulers Is a gross misapprehen-
IL ~ VI, II l. well known law OF trade
III ,srI S uere That the higher the price of
eaPle ape article Of common use NAV be-
greater must be the competition
=, G,eoS o:.; induced in the production of
NbersS,sSlNt SS'sltle. Applying this argument
Me me-, me-, 70 the dealings in breadstuffs
lopI 70 sSa', see very clearly that the enor.
een n,si,.Iauon n,fiuoIauons whereby prices have
81 Wayn IL.aIhtalned so long at high rates
Zinc oyen ~ largely influential i'm stimns
9r,sSo. sue culture of the cereal crons On
>tsgo $C'le ,aI every year. 1t Is a Sreat
#|ay erI,, ~ ~ suppose that these high prices
ID well isy !, Ihe speeulators, since II IL noS, @
rilv of Sf,S"h ~ iaet that the Iaroe ma.
amt! T VI She grain farmers all over tSa
ars and i've I've prosPered greatly of late
~ ain r,H crN+i nave been able to store Their
Tue HI IN ~ order to take sdyantaga
On tins 81 prices offered by the markets
b. ,'I $40 70 Time throughout the So 800
IN Il 80 long as this system sbaTI Ssa Sea'
Is a g StEaIe SulIe obvious that the eouptrv
gers ,SSg 80 ~ safeguard against tbo
WspS SToha h,amine arising from short
end In roSL a benefit as that nust ~
evil more iN than eounterbaIance aIi ~
d thersfoS,.ou TO grain speculation
ev YorI,.' YI'G[e rev we say again that tbs
Aing." CATION vii accomplish