Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1884-08-31
sTaIorLY BUSINESS.
Review of the Weeks sTranssctions-Nheat
steadier-New Methods Of Grading Wheat

Review of the Weeks Transsctions-sFheat
steadier-New Methods of Grading Wheat
Iron Very Dull-Petroleum Exportss
New York, August 30.-Bradstrest 9
says: The movement of merchandise has
been lighter than week ago. Trunk line
troubles have foreshadowed a probable
trunk line war of rates, and some heavy
Eastern shippers have held back goods to
take advantage of break in rates. Grain
has reached the seaboard more freely, but
receipts have fallen away at primary
markets, the farmer having concluded to
hold his grain for better figures than are
ruling. The movement of goops is dis
tihctly below that Of former years, although
from Several Western cities, notably St.
Louis, Minneapolis, ST. Paul and Chicago,
there is a fair volume of fall trade
reported. The general feeling in mercan-
tile circles appears more hopeful Of an i'm.
proved though delayed demand. At best,
the situation is not up TO early expectations.
In the Northwest severe rain storms have
prevailed, and nnstacked wheat on the low
lands has been under water Our tele-
graphed adviees are that .noserious damage
has been done YET, though the effect at
Minneapolis was to create a bullish feeling
where none had previously existed. The
drouth in the southern portion Of Ohio, In
diana, Illinois and in Kentucky does not ap-
pear to have been very serious. At Chi
csgo wheat was steadisd BY decreasing re-
ceipts and frmer cables. This was
pSstially true sf New York also; where
the market was barely steady The price
of wheat has sea.sawcd' all die week,
cash No. ? red 5soSing at 89Ic, a gain of Ic
since August %. Indian corn has, been
stronger on a declining SUPPLY, smaller re-
ceiptrsnd varying rumors as to the crop
No. ed mixed closed At G33c,
a gain of Sc. The-New York Produce Ex-
change yesterday abolished he method of
grading Of wheat sgainst samples Of the
bottom Of the grade" and via hereafter re-
Quire wksat TO be graded to cnform to the
description, with the addition (No. . red)
that it must not weigS less than 5SI pounds
per busheA This will raise New York wheat
grades to p parity with those which have
stood higher in the wsrlds markets The
provision markets are. dull and stuaid.
The corners in lard and ribs at Chicago con.
tiuue to point to the success of the
cornerers. Trading in the prod rcts to sap.
ply the conssnptive demsnl is very quie,
Iron is very dull the demand for pig being
smaller than week ago. Eastern furnaces
will not acccGe to The proposition from tie
West 10 shut {|own for oes. MONTH Prices
are nomirallv'unchan%e4 Anthracite ccal
is duller and prices are shaded more th9n
ever The announcements is made shah there
will be two weeks stoPpage next month |
instead of one only. THIS is reported to be |
denied by one company, and whatever the /
outcome il is evident that the interests of |
various members Of the combination are at
present quite diverse. Petroleum has main,
tanned itS niger lSvel with few reaction to gain
proftsin sight. The effect ofthe eagreementto
top drilling is already seen in an excess of |
shipments over the run. Exports Of pstro-
leum have increased Futures and spot |
cotton have been strong and advancing on
bulish reports about the growing crop and
a favorable Liverpool response. Dry goods |
are in slightly better demand than. last
week, but only moderately active for the
season. The wool trade has continued |
active and some descriptions show afurther |
advance of cent per pound. There were
l69 failures in the United States reported |
to Bradstreet's during the past week as
with POS in the preceding week, |
and with l26, ll0 lO4 respectively in, the
weeks of 1888. 1892 and
1851. Canada had II against g. last
ua.l