Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-12-17
TREND OF TRADE.
All the Great "Bsars" Buying Corn
Heavily.
BIG CORNER EVIDENTLY IN PROSPECT.
The Condition Of the Various Branches Of
Manufacturing Throughout the
Country at the End Of
Last Week.

reports say: The weeks trading has been
moderate in all lines, and the CONNER
cial and industrial situstion generally
shows tendency TO greater quiesude ~
the wear draws TO its close. Stock taking
is already under way in some departments.
and will become general toward the end OF
the month. There has been . considerable
advance in hog products and gram, caused
by speculative buying on the strength Of
unisvorabls reports concerning the condi.
ton and quantity Of tho years yield Of
corn and light run OF receipts OF hogs In
the West; but the excitement in these mar
kets has greatly abated since first hall Of the
week, and much Of the early advance In
prices has been lost. Tie rise in values
has
Crippled the Export Trade In Grais
and provisions, and the general export
movsmsn for the week has been compArs-
lively light. The few price changes that
have taken place outside Of the breadstuhs
and provision markets have been In buy
ers' favor. The financial situation contin.
ues easy, but mercantile paper Is closely
scrutinized by bankers and brokers, and
merchants are generally exercising more
caution in the matter OF credits. There Is
little probability Of any noteworthy im.
provement in the condition OF trade until
rfter the holidays The weeks failures In
the United states number 2O against 2'S
last week, and in Canada aud the British
Provinces aggregate -, against 81 the pre-
yious week. More than two.thirds of the
whole number occurred in the southern.
Western and Pacific States.
The industrial situation
hhow. No hanEe for tho Better.
Some mills have closed for stock taking
and repairs, and there is = general tenden-
Cy 10 Curtail production ar 10 cheaper
cost by reductions in the pay OF labor.
Thousands OF men have been thrown out
of ,mplC vment this week by the temporary
suspcnsion OF coal mining and the closing
down OF iron mills aud Others have been
cOmpeltd 20 submit 10 reduction of
wsgts as the only alternative against en-
forced id.t tness on the eve OF winter. There
Is general complaint OF lack OF profit uiar-
gins in the manufacture ol cotton goods.
The recent break In prices OF prominent
makes has enabled agents In some cases 10
close out Accumulstions of stocks, but the
general supply is still In excess OF require.
meuts, and values are weak and unsettled.
The WOODEN goods mills are running about
ms usual, but the distrihutive trade oontin.
ues unsatisfactory. Manufacturers are
buying raw materials in small lots as re-
quirsd for Immediate wants. Cotton has
declined l.l6c. for spot sales, but
Wool Has RaIrd Very Hissn
on acooun, OF the light supply available 10
BUYERS in all markets. The coal trade 10
dull and stocks are accumnlatinH. The
iron trade IN very quiet NJ n rule, but the
aInas N Iitla IhunVa from lnNt
week. There is n growing feeling that
prices are as Iow now ~ they are like to
be. but buyers show little disposition 10 an.
ticipsie requirements.
The grain markets have been very irreg-
ular. Early in the week there wHs q FUR
ther fbarp advance, and Of one time prices
stood 10 cents higher for wheat and N
; cents higher for corn, bur within q day or
two have receded In New York aud thica-
20 TO within ! y cents Of last weeks figures
for " heat and 3 to - cents from tho high
est point for corn while In PhiIAd"lphia
the reaction has carried prices little be'
low last weeks quotations for both wheat
and corn. Tha rise was due TO active spec.
ulaiiye buying and
The Subsequent Reaction 60 Realise
ttons
on long holdings In all markets. The
speculation In corn has been the key 10
option trading In all other grains Corn
has been considered o purchase by leading
operators for six weeks past, and the buy.
ing craze has gradually extended until
within a fortnight Il has included many
who had been the most pronounced bears
in the market. The basis OF this demand
has been the growing bslisf In the dets'
riorated quality Of largo part OF tbs
years crop and q general reduction of
earl y ssiimstes OF the probable yield. A
srPe percentage OF the crop will not grade
up 10 standard, and q good deal of the
corn grown north OF the igth parallel will
No wholly unfit for use. The strength of
his cereal early In the week helped wheat,
md ss the latter despite the large stock IN
.igLt al q the SLOW foieign demand, IL gem
ally
Regarded ~ Comparatively Cheap
on iis n erits, II has been relatively we'll
supported through the depression In the
corn market during the past few days. The
legitimate demand has not improved Tor
| either y heat or corn, and the statistical po-
-itIon is even less favorable for wheat than
| IL Was week sgO. The visible supply In
this country hiss reached The unprecedented
| total Of Sc. 10 o. bushels. which represents
nm increase for the week OF sbi 90 bushels,
and the amount on the ocean IN transit 10
Great Bri'nlu srd the Continent shows .
gain OF i-u upD bushels. The socum ulstion
| 10 largely at Western centres, seaboard
stocks showing q small decrease. Clear
sncts from leading AtIsntic ports aggregate
go bushels, including Hour. The
stock Of corn In sight remains about the
tame, ~ the decrease of 5y2,bJ bushels in
The Visible ssppIy is she usttsd Ssssss
and Canada 10 Offset by . gain Of 2sD,D5
bushels In the amount on passage for
Europe. The weeks exports from New
York, Philadelphia, Baltimore and Boston
have rot exceeded so, 80 bushels.