The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-02-18
THE STATE OF TRADE.
THE WEEKLY BUSINESS REVIEW
Full and E4AauI.ln Report. from ths pronl.
merit Commercial Aad Trade CSatsrs Of the
COun.rr. Showing The Condition Of
Business and Future Prospects.

NEw YoRK, February 17.-So many dis
turbing elements have been at work thai
trade generally Is somewhat depressed with
a downward tendency in prices in sympa
thy with the tumble in the great staples,
cotton, grain and provisions
There have been seine shipments OF silver
bars, but there is no talk OF any more gold
being shipped ut present.
The course Of the dry goods business has
been somewhat irregular and the spring
trade opens slowly. t.'
There has been steady and rapid decline
in wheat during the week, until It has
reached price ut which there arc buyers
for export. The result is that the market
was steady at the close at some advance
Corn followed wheat, but the decline was
not MS large. The transactions aggregated
a larger amount than was ever known in
lthe Produce Exchange since It's establish
ment.
Cotton was probably twenty points lower
than week ago. Business has been large.
Calls for wool are regular with slight
advance in the finer grades Of tieeces.
Manufacturers are fairly well supplied and
show no disposition to purchase any more
than Is requisite for the supply Of i'm.
mediate wants. Tho feeling In trade Is
good.
Business in petroleum is moderate, closing
barelystcady. On account Of the increased
demand tor grain room ireights advanced
on this description OF tonnage and the mar
ket closes strong,
In American pig iron there are no fea-
lures worthy Of notice. There is not much
doing in Scotch pig iron. Large sales OF
steel rails are reported, though at very low
rates,
In boots and shoes the demand is some
what better, though the spring trade does
not open very actively. Large amounts Of
winter goods were sold by the retailers
lust month and a much better trade is ex-
pected for seasonable goods. ManuiaCt-
urers are receiving lair amount Of orders
Tor spring goods.
FAILURE RECORD.
r. g. Dun ( Co, OF the Mercantile
Agency, report l54 failures for the week, a
somewhat greater number than last week,
the increase being of speculative failures In
grain and cotton, principally in New Or,
leans and Chicago. In New York tho
principal failure was G. L. Hardy & Co.,
shipping and commission merchants,
which is enveloped in mystery. 1t is not
known what they owe or what the assets
will be. Hardy has not put in an appear.
auce since the failure. The debts are most.
ly abroad. Distribution Of the failures:
Eastern States, 10; Western, 50; Southern,
45; Middle, 81; Pacific Coast aud the Ter.
rilories, -; New York City, 10.
ST. Louis, February l7.-It is sreported in
banking circles that the Macon City Say.
lngs Bank and the Farmers and Traders
Bank, two small concerns in Macon, Mo-,
have suspended, but no information re.
garding their condition has been received
here: The Citizens Bank OF Georgetown,
III, is also reported us suspended.
II. +. Anderson < Co.. grain dealers Of
DanviIle, ILL.,, have failed, with liabilities
oi $1,000, aud poor assets OF S5008
ID. . r. CINCINNATI.
CINCINNATI, February l7,-This has been
q week OF gloom, followed by approaching
light. The half panic Of Wednesday com.
pletely paralyzed business and gave long
faces to many members of the Chamber Of
Commerce who neglected to watch trans
actions OF markets elsewhere az revealed
on bulletin boards next day. However,
the skies frightened and prices recovered
slightly and business WAS resumed, To-day
there was still better feeling and the trans
actions in corn were quite free. Wheat
also moved TO some extent at much better
prices. Oats, rye and barley. however, re-
mained dull, with little or no improvement
IN prices Flour has been weak but has
not tiuctuated much. Whisky has been re-
duced by the combination one cent in
sympathy with the decline in grain. Pro-
visions have been far from active, though
they are firmly held. The chief decline
was in pork, which had a slight recovery.
Bulk meats and bacon are but slightly
lower and are firmly held. Lard reached
$40 so, but has gone up TO $40 G5. The
demand Tor pig iron has Mt lust decreased
enough to make au easier market, but
there is no change in prices. Manufactured
iron continues in good demand, with prices
firm. Dry goods are dull, state which
is attributed TO the very unfayorable
weather and the condition OF the roads, as
there has been more rain and there is ap.
prehension OF still further trouble from
high water. Some think the river will
reach the height Of great flood of lS47.
General trade is dull though the railroads
running through the grain districts report
more grain awaiting shipment than they
can carry. Bankers say that balances are
being reduced by country banks and the
demand for money is active and rates tirm
ut 6a7 per cent.
LOUISVILLE