Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-12-03
THE WEEKS BUSINESS
From Various Causes Light and
Unsatisfactory.
THENUMBER OF FAILURES DECREASING
Business in All Departments Of the Iron
Trade Extremely 0ulI-Heavy Spec
uIations in Grain Among
Chicago Men.

monty called q broken week in trade
circles. Business was entirely suspended
in New York on Monday owing to the
centennial commemoration of the eyacua
ton OF the hsrtor by the British troops,
and the observance of Thanksgiving Day
as a close holiday throughout the country
was more general than usual. In view OF
these interruptions, and the prevalent
tendency to limit new ventures during
the closing days of the month, the volume
Of business has been
Light in All Departments.
Bank clearings show decrease at several
important manufacturing and distribut.
ing centres, and this indication OF lessen.
ing activity is supported by the testimony
of local merchants and the reports OF ex-
changes in nearly Gil parts OF the country.
Dullness is, however, usual feature o!
the trade at the outset Of December, and
there is little probability OF any general
change for the better until alter toe turn
of the year. The number of business fail
ures during the past week was 2i2, against
241 the previous week. The proportion
continues smaller in the New England and
Middle States than in the South and West
and in Canada.
Textile production shows varying de
grees of activity, but rs q general thing
The mills are not so fully employed as B
short time ago, and manufacturers are
Purchasing Raw Material
more cautiously. There has been no
materia! change in values, either on cotton
or wool, and the yarn markets though duil,
are fairly steady at last week IS prices. The
H., do 10 81 a
and stocks OF cotton goods are sccumulat-
ing in the hands Of manufacturers agents.
The anthracite coal trade has been quIeter
even in domestic sizes, which have al
along met vita ready saic. IL is prooabIe
hat dealers and large consumers have oo'
tanned a supply for the winter months
Stocks are aCCumuating and prices are
iecblv lnaintain,d d. The bituminous trade
Is little raore active. The iron trade con-
,ipues dull and unsatisfactory. a ~ per
cent.
Reduction in the Pay OF Labor
announced among the Eastern Pennsyl-
rania bar mills Two or three mills have
hut Down, ard three or four are now
working single turn. The sheet mills are
reducing their output, and it is expected
that several more bar mills will shut
down about the middle OF the month and
remain closed over the holidays or until
lie outlook for business justiiies resump'
licn Of work. Notwithstanding the dull
ress in other branches of the iron trade
the car works are buslIy employed, and
boiler shops, locomotive works and estab'
lishments manufacturing tools and tool
making machinery have good many or
GcrS ahead.
Speculation has dominated the grain
markets during the week, and AZ times
here hes been considerable excitement
with the transactions in options on large
scale, particularly in Chicago. but
sne Legitimate Situation Discioses
Few Features
At variance with those noted for several
weeks past. Exporters haze continued in
tiilerent, and while, owing to the holiday,
,ncal figures arc lot yCt available, II IS
probable that ihe total cllaranCes from
Atlantic ports have not 'quaiei those OF
he previous WICK. 'ampartd with
week ago J.ricts IN Chicago show an ad.
vance OF ) cents per bushel Tor corn and
about cent for wheat, while on the sea.
LoaTd Beat is TO &c ower and corn
70 - &c higher. Tie shsrq advance in corn
due ainly 10 un!ayo!able weather FOR
marketing the new crop, bnt has been
helped by the rise in hog products, OF
Which it is the food basis. Provisions OF
Hll kinds have been active on legitimate
ORDERS for consumption and export, as well
as on speculative account, and
lhe Net Result OF ihe Weeks Business.
7i'er frequent and sharp fluctuations, is a
rise OF SOC. to Il per barrel f0i pork. and 35
to SOC. per 100 pounds for lard. The re-
nova OF the French restriction upon the
III portatou OF American pork has been
used by the bulls to further the advance
in both provisions and grain and the usual
budget Cf war rumors from Europe has
played a part an ong the speculative iniiu-
crces in all markets. Wheat has been rei.
atiycly strong in 'Chicsgo becsuse OF the
buoyGncy OF corn and.hog products. The
visible supply OF wheat hasincreased about
$50 coo bushes, ard is now 50 .25l, l5S bush
els. This is tie LARGEST visible supply on
record. The stock OF corn in sight in this
country shows decrease OF @i|,00) bush.
srriynIs Of New Corn
1T he CGmmercisi centres continue small.
"eroipis from the southwestern portion OF
he cral Ie't are generally OF good quality
nd in fsir condition, while lhn'e from
Ohio. Illinois. Iowa and Indiana. are a.
u est uniformly Of inferior grades.