Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-05-05
STRICTLY BUSINESS.
Ups and Downs in the World OF
Trade.
ANALYSIS oFTHE OUTLOOK.
The Depression in WOOl---Failures for the
Past Week---The Iron Markets.
Wheat and Corn---The Coal
erests---Breadstuffs.

Il
from the various trade centers report about
the same condition of general trade recorded
from week to week for two months past The
movement of merchandise is no larger, and
| there appears to be no reason for expecting
| any improvement in this direction in the
| near future. At q few Western centers and
| in some portions of the South there is some
animation in the movement Of merchandise,
but only by comparison with the
| almost sluggish action elsewhere.
From iobberS there has been a
! slight gain, butt the movement from
first hands is as dull as ever. Speculation
in cotton futures has been active, and prices
have declined Is points on nearby and ii
| points in the later months Middling up
| lands close at 13c, loss of &c on the week.
Receipts at the ports were 20, 900 agains 20
l 9l2 last week and 4S,l72 bales in the like
week lrst year. Exports, total, were %, l59
bales against 3i,036 last week and 97,S09
| in the corresponding week in 1883. Petro-
| leum has advanced and is more active.
| Standard brands of No. pig
| iron are firm at POI j0a22
| and very scarce for spot delivery. Gray
forge is also in small supply. Any increase
| in the demand for pig iron would be I'M
| questionablv followed (here) by notable
| advance in prices, as stocks are exception
| allv low. Wheat is in the hands ola bull
| clique who have been blOstering prices ap-
parenty on the heavy decline in the visible
supply, apparently forgeaiul of the large in
crease of the quantity reported on passage
to the United Kingdom. There are no
| features warranting sustaining the ad-
| vance. Exporters have retired, and are
inclined to think the June wheat cornercrs
will have to keep the wheat unless they
ease the pressure. Corn has followed
| wheat. Provision dealers have succecdc
| securing quite an advance in pork. The
net cain in prices of wheat at New lOrk for
he week is: For spot lc; June lost 2!r.
Indian corn gained llc; July lost ! L..
Spot lard gained 81 80. Wool has been
sluggish and unsatisfactory, and the market
| has ruled weak for nearly all descriptions.
There were Isl failures in the United States
reported to Bradstreets during the past
week. as compared with l64 in the prccci-
| ing week, and with 1872, &c and l0I respec-
lively in the corresponding weeks of 1883
1882 and 1881 About 80 per cent. were
those of small traders whose capital was
less than $1,000 Canada had 81, an in
crease Of 4.
Wheat and Corn.
The decrease in the visible suppl of
| wheat in the United States and Canada,
| east the Rocky mountains, for the week
| ending April 26 amounted. TO 2,0i4,jOl
bushels. The total visible supply is now but
| l,6S2, $50 bushels larger than it was one
| ync year ago. On the Atlantic coast the
| reported stocks of wheat have decreased
| 202O0l bushels within the same period.
| The visible supply OF Indian corn in the
| week named fell of l,979,0j3 bushels
| nearly as much rs whcat-and aggregates
| 2292 81 bushels less than one year ago
/ Iron.
Thr market for American pig iron Of
| first grade is steady and unchanged in
| pricr. There has been slight weakening
| in quotations FOR some outside brands from
| furnaces which do not ordinarily send their
| product to this market But good No.
| iron of standard makes is not only firm at
| $40 90 hut there is very little to b" obtained.
Coal.
The anthracite coal companies speak
| confidently" of an increased demand since
| their agreement to curtail production one
third during May and June, and longer if
| necessary.
This has been a week Of general duilncss
| in the wool trade. The volume of business
| does not show much decrease, as good
| many lots have been forced to sale at com
| paraiivcv low prices bv dealers and com
mission houses desiring to make room for
| the new clip The regular demand, how
| ever. has been small and exclusively for near
| corsumptivc requirements. Buyer show no
| dispaG,tion TO depart from this cautious
| pO ICY except TO secure some specially at
| tracii We bargain. In a general way it may
| be- said the market is weak aud lover for
| almost all descriptions, although n number
| of rarties are holding out for former rates or
| good wools The new clip is under nrgotia-
| atir in Texas, Kcntucky, Virginia and
| California but operations as vet have
| been on q small scale. Buyers are Elompercd
| bv the disparity between the views of grow
| err and the value of woods in the scnbOard
| markets The manufacturing trade Is un-
| satisfactory, and the outlook is not encOur-
| aging. As, therefore, there is nothing to
| indicate better prices for WOO in the east
| ern distributing centers, buyers will be
! likely 10 exercise unusual caution in their
/ orerations in the country, and everything
| point, to lower price, on the bulk Of the
| clip than were realized last year. At Lon
| don the Australian auctions have opened at
| Id. decline from the rates of March sales.
| The offerings at this series are unusually
large
| The Boston market for wool is qnite dull.
| Manufacturers appear 10 ''e quite indlfer'
| ent about the market and purchase only
1 for immediate wants. The stock OF desIra-
| bic wool is not large, but quite equal TO the
demand. and the new clip of the country is
near at hand.
BreadstufTs Abroad.
| There are no visible elements OF strength
| in the market for wheat and corn abroad.
| Cables during the week have been steady
| oniy at best. generally weaker Word has
been sent not to export, as the grain Is no:
wanted. The favorable reports from Rusria,
India. Australia and South America still
hold good
L Inc SHOCK FthThNt.
The stock market has been extraordinarily
active during the week, Union Pacific and
Western Union being the leading stocks, and
10th rather surprising Wall street by their
marked decline from figures which might
well have been regarded as bottom prices
| for The stocks at least for some weeks. The
decline was said TO be due TO the selling out
/ ,F ra,.s-sl larga bolders of Union Pacific
who have become alarmed at the continuous
decline in the earning OF the company,
while Mr.. Gould himself is credited with
doing the chief selling Of Western Union
which company has nov entered on fierce
sar with It's telegraph rivals. The failure
Of Mr.. James r. Keene could not be seen
10 have directly affected the market. bat in
directly It's effect must necessarily be had.
CostIy Fire.