Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-08-20
A DARK WEEK.
'rks Past Six Days Gloomy In
Financial Circles.
oEcIfNF m VARIOUS SECURITIES.
The Prospects, for Legitimate Trade I'm
afFected-FayorzHe Crop Reports
Wrecked Business
BarkS

New York, August la--R G. Dus & Co,
Of the Mercantile Agency, Teport that thus
week has been an eIentful one, because Of
q marked decline in the value OF numer-
our securities, the depreciation being, how
ever, mainly confined to those in which
speculation ismost apt 10 and employment.
The consequence 10 general business has
been for the nome ent TO paralyIe the slow
erowth OF confidence and TO restrict oper-
ations until the result OF this
saddea Furry
iuUlD9RhaRaQnenscs~ssst-s<-s'ss' ~ :
The possible effect upon The money mar.
ket and the facilities afforded TO manufac.
turers and merchants has peen the chief
ground for apprehension. But the fact Of
so great q revulsion taking place, with 30
few failures and with values recovering so
rapidly. indicates q very healthful condi-
tion OF things, and il is not believed that
the prospects for legitimate trade are in
any way likely TO be affected.
The Outlook Qu;te Favorable.
On the contrary, the general feeling in
business circles is one OF satisfaction with
the prospects OF good Autumn, founded
upon the belief that the country is able To
buy and pay for large amount Of goods
and merchandise and that its debt paying
power WAS never greater than at present.
In dry goods the week has been fairly
satisfactory one, with a large number of
buyers present, sud stocks moving oil
gradually at prices somewhat better than
have hitherto prevailed. In monetary cir.
cies the feeling IS one Of eNpcC alton ot an
abundant supply for all Legitimate pur-
poses.
While the crop reports continue TO be eI.
tremely favorable, the grain markets have
been somewhat affected by The troubles IN
Wall street, out prices have been well sus.
tanned and closed firm with q somewhat
better feeling. Provisions and pork have
done better IN the latter part Of the week,
and showed some internsl strength. There
has been more activity In the cotton, aud
the unfavorsble reports as TO the condition
Of the coming crop served TO strengthen
the market Petroleum, as rule. has
been steady, with an upward tendency.
Wool. Coffee and HuEar.
Freighis are in better request nj fair
rates. Wool Is still dull and unsslisfac-
tory. The Brazil grades OF coffee are firm
and well held. with a steady demand. A
moderate amount of business II doing In
raw sugar. and prices are firm and un.
changed, The demand for refined sugar
is quite light and buyers are purchasing
steady.
The PSiscipal GstIWres
in New York city were: George william
Ballou Il Co.. n. G. Stedman & Co, and
Cecil, Ward & Co., bankers and brokers:
Tnussig & Hsmmerschlag, Wholesale syr-
ups. Elsewhere they were: The City Ma
tional Bank OF IawrenceburR, Ind; Rich
ard Il. Hosg. mslster. etc, I,ockport, N, Y:
the Farmers Back OF Richmond, Ind. l..
Meyer 4 Co. general store, Tucson, Art
roma, and III Paso, Tex. Alexander &
Tsussig wholesale syrups and rock candy.
Chicago. In the principal trades they
were as follows: Groceries, SO: general
stores, ~, manufacturers, II, liquors Is;
shoes, II; hardware. 10 bankers and stock
brokers, u; hotels and restaurants, q. cloth.
ing, 3 dry goods. .; tobacco and cigars, 4;
harness. 3. bakers and confectloners. 5:
drugs, 3; jewelry, 3; fancy goods, I; mil.
linery, .: produce and provisions. 2: lum.
her, 2. furniture, 2 butchers, ?; leather, 2;
hanks, ..