Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-10-22
THE WEEKS TRADE.
A Sharp Decline In the volums OF
All Grains.
TIE COAL TRADE UNSATISFACTORY.
The Increase Of Business Failures Througk'
out the Country Exciting Serious
and Genuine Concern
Other Points.

NEw YoKE, October 2l.-Bradstreets rs.
ports say: A bull panic in stocks, sharp
decline in grain values and Q less pro.
nornced but moderate shrinkage Of values
on cotton and some lines OF produce, with
q declining volume Of general trade indi-
Gated by . falling of in bank clearances st
leading commercial centers and . marked
increase in the list OF mercantile failures,
have been the noteworthy features OF tho
business situation during the past week. lu
the presence OF these unfsvofabie con-
dit;ons and surroundings OF trade
It il not surprising that there
should be an apparent increass Of
The Prevalent DtstPass
and disposition in some quarters to take
Q sloomier view OF the prospects; but in
general the situation is regarded without
apprehension, and the bopefulness OF
traders has not been seriously impaired.
There is general feeling nat the bear raid
upon stocks, extending as IL has TO the
securities Of the solid, dividcnd-payIng
corporations whose Affairs are Ia steadily
improving shape, has been oyerdone, aud
that = sharp reaction Is at hand, II IL has
not already set in. The increase of busi-
ness failures-numberlngt this week 2t3, as
against lS1 last w.ek-eACiies more concern
and influences
Greater Caution
in the matter OF paper discounts and open
credits. The monetary situation, however,
continues remarkably easy, and good bor-
rowsrs experience no difficulty in securing
accommodation for legitimate trade pur.
poses.
4 a. tt, lev
similar lines has not improved, as expected
under the influence of colder weather, but
consumption requirements have been moro
gene 0ally provided foe IN the retail markets,
and 4 change for tue better IN the whole
sale movement Is au0ng the probabilities
of the near future. Cotton has declined :.
TO &C. per pound for SCOT sales and about
twenty points for future delivery, owing
mainly To large receipts
The Speculative Aarket
hiss bsen fairly active, but orders for con.
sumption and export have continued mod.
crate. The wool trade has been quieter than
NJ any time since August, but there hiss
been no abatement OF confidence among
holders, although the lull In demand aud
some lnrge auction sales OF blankets aud
h,Ayy woolens in New York, indicating
continued overpruduction have been used
as bear arguments To depress prices. At
the forced sale Of wooden goods referred To
the prices realized were very low, aud in
most cases realized a loss 10 manufacturers.
The anthracite coal trade has been unsatis-
factory.
stocks Have lnereascd
at New York, and prices OF some sihes have
been cut as much ms iiry cents per ton. IL
is generally believed that restriction OF
mining will be resorted TO to keep down
| ENnnrt trade N trDlrum N A
| continued moderate, owing in part to the
| hiph cJst OF vessels nj all Atlantic ports.
| The fluctuations IN tho speculative market
| have been unimportant There Is continued
| hesjtancy and uncertainty ia the iron trade,
| and the situation shows no noteworthy I'm.
| provement.
There has been q larger export move
ment OF wheat during the past week, as q
! result Of an improved foreign demand at
the close OF last week, but for several days
| past shippers have been, II anything,
More Indifferent Than Ever,
and the pressure OF long stocks on tho
market has caused q further general de.
| cline In values, which are now about
| cents lower than n week ago IN all markets.
| Current prices are the lowest yet touched
| for this crop. The weeks ciearances from
| Atlantic posts including ilOHr, aggregate
| about l,iOD, 90 bushels; but notwithstAnd.
| ing this increased outward movement this
visible supply has gained l.jD,GU buihels
| and is now upward OF l6OCO,OOO bushels In
| excess Of that Of year ago. The total
stock In sight IL now ~ D-T0.oO bushels
| but little more than G0hp0 bushels less
| thsd the maximum visible supply which
was reaChedip IN November, 1879.
The Amount sn Passage
! frc M all parts OF the world TO Great Britain
| and the Continent has decreased over p
10000 bushels since last week. Corn has
also declined 3 to cents per bushel In
| consequence OF q well sustained portuard
movement and the nearuess OF the tms
FOR marketing the new crop. Export clear
rcos from Atlantic ports amount 10 700, :
| 90 bushels. hut these shipments, together
nth The continued large consumption At
ui.rior points, hsvr reduced the stock In
| .gbt nesriy l,DDD0JO bushels The visible
| -upply j. now ~ i32OOO bushels, which II
bout 80, 90 bushels larger than that Of
Est y'Er.