Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-09-01
ARRIVAL or rRAxs-wHxxLISs TIME
STRICTLY BUSINESS.

Review of the Weeks Wheat
Steadier-NeW Methods of Grading Wheat
Iron Very Dull-Petroleum Exports
NEW YOEE, August 30.-Bradstreet
says: The movement Of merchandise has
been lighter than a week ago. Trunk line
troubles have ioleshadowed 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 Seabosrd 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
tinctly 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 unstacked wheat on the low
lands has been under water. Our tele-
graphcd adyices are that noserious damage
has been done vet though the effect at
Minneapolis was to create 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
cago wheat was stcsdied by decreasing re-
ceip,s and frmer cables. This was
partially true of New York also, where
the market was barely steady. The price
Of wheat has sea-sawcd all the week,
cash No red closing al sole, gain of &c
since August %. Indian corn has been
stronger on declining supply, smaller re-
ceiptS and VARYING rumors as to the crop
prospects. No red mixed closed at 63}C,
q gain Of Sc. The New York Produce EX-
change yesterday abolished the method of
grading Of wheat against samples of the
bottom Of the grsde. and will hereafter re-
quire wheat to be graded TO conform to the
description, with the addition (No. : red)
that it must not weigh less than IS! pounds
per bushel This will raise New York wheat
grades to a parity with those which have
stood higher in the world markets The
provision markets are dull and stupid.
The corners in lard and ribs at Chicago con-
tinue to poin: to the success OF the
cornerers. Trading in the products TO sup
ply the cOnSumptiye dem nj is very quiet.
Iron is very dun the demand for pig being
smaller than Il week ago Eastern furnaces
will not aCcedc to the proposition from the
West to shut down for one month. Prices
are nominally unchanged Anthracite coal
is duller and prices are shaded more than
ever. The announcement is made that there
will be a twO weeks stoppage next month
instead Of one only. This is reported to be
denied bv one company, and whatever the
outcome, it is evident that the interests of
various members Of the combination are at
present quite diverse. Petroleum has main
tanned its niger level with few reaction to gain
profits in sight. The effect of the sgreementto
top drilling is already seen in an excess Of
shipments over the run. Exports Of petro-
leum have increased Futures and spot
cotton have been strong and advancing on
bullish reports about the growing crop and
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 further
advance of cent per pound. There were
l69 failures in the United States reported
to Bradstreet's during the past week as
compared with POS in the preceding week,
and with l26, ITO l04 respectively in the
corresponding weeks of 1888, 1882 and
1881. Canada had IA against II last
nal