Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-11-26
SLUGGISH.
The Course of Trade During the
Past Seven Days.
THE NUMBER OF FAILURES GREATER
Than Last Week, With Some Very Heavy
0nes-The Iron Trade Continues
Dull and Wsak-Condition
of the Corn Crop.

New YoRK, November 25.-Telegraphic
reports received at Braistreets agency
show that the general trade move
ment during the past week has
continued moderate. The distribution
OF some kinds of goods has been consider
ably retarded by the unseasonably mild
weather, and the lateness of the season
has contributed 10 lessen activity in nearly
all departments. Export trade in proyis-
ions has continued active, and there has
been a fair movement in cotton and
petroleum, although the aggregate clear
ances OF cotton have been smaller than in
recent weeks, and oil shipments have been
to some extent restricted by tine frmness
of the market for ocean freights. Grain
exports have continued small, but
The Prospects are Favorable
for an increasing business in this line.
There is comparatively little speculation,
even in the products which are usually the
centre of interest to this sort OF investment.
The ease of the money markets and the
steady gain in railroad earnings, together
with the promise of increasing exports, en-
of trade; but the evident overproductiou
and depression in some branches OF indus
try the unsatisfactory condition OF the
distributing markets and the frequency OF
business fail ures have disquletIug elect
at the moment and tend to promote caution
in all lines. The week S trade suspensions
number 247 against 235 last week. The
more important Of these were MIchels
Friedlander & Co, of S'n Francisco, with
r..- tYnt IL
lev Bsnk of Nicksburg, Mississippi, and
the National Bank of Rshsy, New Jersey.
Three-iifihs of the Weeks Failures
have been in the Western, Southern and
Pacific States, while those in the Eastern
and Middle States have been below the
average of recent weeks. y large number
of the failures reported were small and un-
important.
In detail the markets show few note.
worthy changes. Cotton and wool have
ruled quiet but firm. Local spinners are
working up supplies of old cotton, con-
siderable amount OF which had been pur-
chased by them in September in anticipa-
ton OF a shortage in the lew crop and
hiqher prizes. The supply OF wool is very
light in al markets AID this strength
ened prices in the face OF very mo ierate
consumptive demand. About 1900 bale.
are expected from Australia on account OF
American orders The dry goods trade has
been very quiet, the mild weather having
retarded consumption. Some styles OF
cotton goods are
Accum u aiing IN Fir 4 Hands,
and, aside from standard brands, the mar
ket is unsettled and weak. Considerable
cutting under regular prices is reported 10
the iobbipg trade-eSpeClaliy in New \ ork.
81 ha fay q mi hpUlnnlnr
SLOW up for the usual holiday lull, stock
inventories and repairs. The spring trade
WOODEN goods has been unsatlsfaTTit-n'rrT; Ti ", an
some mills are expected TO stop run unIaS on
light weights several SssiA SSesi :. aTe IS repre
Sented as in good condition for the season.
All sizes are in good demand, and large
shipments to the East are anticipated b.
fore navigation closes. Prices are steadily
maintained. In the iron trade some large
transactions and an upward tendency are
noted in gray forge, oUt foundry irons have
Continued Dull and Weak,
and the general demand for finished prod
ucts has been unsatisfactory.
The grain trade has continued very quiet
The wheat market is in a rut, and is held
there by the weight Of stocks and the com
parative apathy of foreign buyers, nolwIth'
standing the fact that the general sentiment
U
ers is strongly in favor of higher prices
The FrsncO-Chinese complication has been
used with indifferent success as sustain
ing factor in all grain markets, and in the
West values have been pretty well support
ed on wheat, partly from sympathy with
an advance in corn and hog products but
on the seaboard the net result of the weeks
business is fractional decline. The ex-
port movement from four principal Attain
ports aggregates about 100000 bushels
Of wheat, Including flour; but this has not
been sufficient TO prevent
Father Accumulation OfS:Ocks.
The visible supply in this country is $4,000
bushels larger than a week ago, and about
IL 900, 600 bushels more than at this time
last year snd in 1881. The quantity of
wheat On passage from all parts OF the
world to Great Britain and the Continent
has increased SO.OOu bushels since last
week. The price of corn has advanced | &c
in Chicago and &c to lc in the Eastern
markets mainly in consequence OF the con
tinued mild and wet weather, which has
retarded the hardening Of new corn
and delayed shipments. Much OF
the new crop of corn in Ohio, Iowa,
Indiana and in the central and upper por-
tions OF Illinois is immature and unmer
chantable, and the helpful influence OF
iTOSt Is neeuSu III many Otitl PaItS VI 'ht
corn belt. where the crop has been secured
in fairly good condition. Thus far the re-
ceipts Of new corn in the Eastern markets
have been very light, and
Generally Of Inferior Quality.
rome as yet having inspected up to the
standard grade Tie v sbis supply state
ment shows = falling oil OF iS5. 600 bushels
in United States stocks. and the amoInt
afloat Tor European pOrIs is 2lNlN hnshels