Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-07-14

The Dullness Inteasiilsd BY Several
Causes.
DROP IN OIL CAUSES HEAVY SALES.


NEw YoRr, July l3-The extra holiday
Of last week and the general interest taken
in the political convention at Chicago this
week have intensified the dullness prevail
ing in commercial circles. Special tele-
grams to Bndstreet from leading trade
centres throughout the country DO not TO
veal any Improvement in general business
whatever. The customary midsummer
stagnation is in full force. No revival ap.
pears possible at the earliest until after har-
vesting is completed. The financial s;tua-
ton is practically unchanged in that com.
mercial discounts are restricted both at tho
larger money centres as well as throughout
the interior. Discount rates are higher and
domestic exchange at the South and West
continues to sell at premium Of from $50
to dollar per thousand and upward. In
the East exchange is At par to . small dis
count. The distribution OF merchandise
continues at q low ebb, the movement OF
exports from New York alone showing any
gain Of late.
Iron and Coal.
The reduction Of SOC per ton in the price
OF pig iron was for No 2 TO $l9 for compel
tive purposes only. A small sale Of No.
y at $40 is no, regarded as making TO
drction in that grade. as figures are still
held at $40 TO $25. There Is triae better
feeling in the raw iron market, but il Is not
based on new business Of any moment
Whether to restrict work at tbs anthra.
cite mines or not, is exciting good deal Of
comment. The trade has not improved and
Reading admits nm enrnest desire 10 m,ns
and sell coa! to raise funds. Pennsylvania,
always the least concerned member Of tho
combination, prefers TO mine uninterupt.
edly also. The bituminous river trade In
Pennsylvania, and the Hooking valley trade
~ Ohio are undisiurbed by strikes Thisin.
dustrial situation is marked by widespread
efforts at organizations to resist reduction
OF wages and non-competition.
OIL.
The drop in the case OF refined and case
oil resulted in sales 10 . considerable
amount, but the advance stopped the out
ward movement Prices Of certificates
have not fuctuatcd much; the trades ars
waiting the coming in Of new wrlls which
viii determine the new and prolific War;
well Ferry district.
Dry Goods and CStsea.
Dry goods at first hands have improved
some, but with jobbers thore il no gain.
Prices have been fairly sustsined. Cot
ton has been dull both contract and spot-
For spot, middling uplands closed at lie.
Receipts at the ports amount to q, 1888 bales.
against II 900 bales last year. Exports
foot up -, l63 balcA against 1896 bales
last year
In brcadstuf's there has been = revival
after display Of extreme weakness. The
weather reports, both at home and abroad.
have favored good haryests Reapiag
here has begun, and the quality OF the nev
grain is excellent In the face Of this
prices declined oil round but revived yes-
erday on renewed demand and declining
stock. Wheat (winter) IN lc. lower and
spring lc. Indian corn is lc. higher pcr
bushel on the week. Flour Is stesdies.
Provisions.
Provisions have advanced some on over
selling and decline ia receipts OF hogs
Sales for consumption are no heavier.
WOOL
There has been very ittie demand for
wool in excess OF the immediate require
ncn,s Of the mills and further concessions
have been made in soms cases 30 effect
ssles.
Failures.
There were 1876 failures IN tho United
States reported TO Btadstrests during ths
past week, ~ compared with l6 in the pro
ceeding week and with lao. LA and 30 ~.
spectiyely in the corresponding weeks OF
1893, 1882 and 1881. About s3 pss cent.
were those n small traders. whose capital
was less than 5000. Canada had 10. .
decrease OF T. -