Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-04-02
BUSINESS.
A Continued Improvement In tho
Condition Of Trade.
Certain Lines Of Business Retarded by Un-
certainty Born Of the weather-A
Review Of the Financial
Situation.
CROP PR0SPECTS-SURPlUS WHEAT.

NEW YORK, April 1.-The dispatches to
Bradstreets for the past week from the
leading trade centres OF the country reveal
continued improvement in the general
trade situation. The improvement is not
altogether evenly distributed. The uncer.
tainty OF the weather tends to retard trade
in particular lines. The cotton market
has been dull. Wheat has Remained al
most unchanged in price during the past
week, but expectation has been encouraged
by lower ocean freights. Corn has ad.
vaaced slightly in the past week BY specu.
lation, but the Legitimate influences on the
market favor lower .prieces. Provisions
have been frmer in consequence Of the
manipulation of prominent spectators at
Chicago, who are believed to have control
of the market for pork and lard. There
are no new features OF importance to note
in the iron trade. Dizziness is conspicu.
Gus by its continued presence. There is
seme little improvement in bar iron. No
predictions are hazarded respecting the
outlook.
or the Financial situation
the Financial and Commercial Chronicle
the week have generally been in a favorable
direction. Altogether the crop outlook,
notwithstanding the backward spring,
seems at this moment specially promising.
The returning ease in money, which our
last report indicated, has made further de.
Cided and rapid progress this week"
ut becomes, says the Chronicle, "a
matter of great i'm portance for the officials
at Washington to watch the inflow OF rev.
enue and revise the estimates, which lat
ter, according 10 the latest reports of the
Pension Bureau. appear TO be In wonder
fully chaotic state. There can be no cause
so inexcusable for a disturbance Of busi-
ness as an unnecessary locking up OF
money in the treasury, and on its face it
does seem blameworthy TO have the ayaila.
BILE cash balance dancing one hundred and
eleven and one hundred and forty millions.
Besides. to the ordinary view, there ap.
pears to be no reason for delaying further
bond calls.
'The public looks to the Treasury just
now little more eagerly than it did be-
cause Of the turn upward in the
Foreign Exchange Market
and the prospect that our foreign trade is
not likely to warrant any further consid.
erable move of gold this way until in the
summer, when preparations are making
for moving the next crops"
"The stock market" says the Chronicle,
has been more active this week. On Mon
day, Central Pacific was the weak feature,
the probable reasons for which are sug.
gested in part in another column, and the
SPECTATORS for fall took advantage Of the
decline in this property and made more or
less vigorous demonstrations upon other
leading stocks. On Tuesday there was an
unsettled market in the morning. but
stronger tone in the afternoon, and on
Wednesday there was moro activity in the
speculation than at any time for the last
ten days. On Thursday realizing sales first
started the market downward, and then
came an attack upon Oregon Trans Con-
tincntal based upon rumor that there
will be new issue OF stock. The fall in
this upfavorably affected the Northern Pa.
citic and eventually
Unsettled the Whole List,
not only on that day, but on Friday as we'll.
These downward movements have made il
very difficult for the leaders 10 sustain
their special properties, compelling them
to continue their purchases. The cliques
have doubtless largely increased their hold
ings during the last three or four weeks
while money has been stringent taking
the stocks thrown over both by exhausted
holders and those sold by speculators for a
decline. 1t was anticipated that, with
easier money and an improvement in the
situation, outside aid might be enlisted
and moderate distribution be made, but
now confidence to certain extent has been
again unsettled by decline in properties
which have hitherto been regarded as
among the best on the list, and unless the
fall in them is satisfactorily explained non
professional spectators may he inclined to
wait a little longer before risking their
money"
Surplus wheat.
The Tribune. asking what is to lie done
with the surplus wheat, says: "Estimat
ing the yield last year at SOP, ,OOO,0OO bush
els there remained for export March lst,
in excess of all needs at home, about S9,-
OO9, 900 bushels. at forty.three bushels per
capita, the consumption for food and man
ufacture from the crop Of 1882 will be
2i3, ,l7s,000 bushels. Adding seed for a
probable acreage to be sown
for the next crop OF ~
100000 acres-the largest ever re-
ported thus far-pamely. Gl.7oo,0oo bush
els, we have total consumption Of about
296, ,OOO, 900 bushels, leaving from the re
ported crop of 1882 2Uy, 10000 bushels for
export The actual exports OF wheat and
-four from July 1st to March lst, as Off
cially reported, were eguivalentto 1884.
81 bushels OF wheat. aHence there would
remain about S9,OOO.OO6 bushels TO be ex.
ported between March 1st and July lst, or
10 be carried over into another crop year