Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-05-26
REVIEW OF the WEEK.
The Busiaess PaiIsrss Show g,
Decrsass.


NEw YoRK, May 25.-wall street has
been comparatively quiet in the past weed,
but the process Of liquidation has gone on
with little interruption, and the decline Of
prices has corespondcd to its progress.
Such stocks rs Union Pacific and Western
Union have attracted less attention than
before, though the former has had further
severe decline; but a new class Of securities
have taken their turn for the decline. such
AS the grangers and the coalers The lat
ter, especially, have been in bad way be-
cause Of the increasing evidence that the
coal trade is entering period Of depression
similar to that Of other great industries.
The constan, pour Of stocks on the market
comes now from hanks, trust companies
and large insurance companies, which have
been carrying them for months past on
loans The loans have been called, and in
n great number Of cases the makers could
not respond, and the collatcnls were
thrown on the market, This was foreseen
last week to be certain consequence Of
the panic, and most OF the commission
houses warned their customers through
their letters and circulars To look out for it,
Summary.
Special telcgrams to Brsdstrset's from
leading cities throughout the country point
to continuance Of the more marked
moderation in purchasing n,ei one week
ago. There has been NO improvement ia
the diStr,bUtiye movement whatever. Al
various interior points the hanks have cx.
perienced demand for money sufficient To
cause u marked advance in rates for loans
when coupled with the relative srngcncy
nj eastern centcrs Owing 10 the break
~ the price of whisky and the fact that 50
much Of tha, commodity is being carried
hy the banks IN the Ohio vallry, the high
rates for loans nj Cincinnati promise seri-
OTIS embarrassment To the manufacturers.
In no other instance thus ter has great
inconvenience been caused br ,hr strin.
geucy referred 10. Dry goods have been
slow in agents hands aud tadc with
iobhers has been only moderately fair Prices
have been firmly held Cotton contracts
have been only moderately active. Quota
tions are higher, showing On sffrnWc Of
points for near aud II for Inter months.
Receipts at the port were j,sj7 tAhs against
S,6ss last week Esp~ts for the week foot
up 30, 7O2 bales agsins, q. l62 for tire same
week last year. Spot cstoa advanced lc
to ] &c lastevening. Raw iron stocks arr ~
low as ever, and iron manufacturers who
buy in New York aud other eastern markets
are very generally reported as supplied with
pig until July, Their cvntinuancc a work
from tha, date. if gcnsrnl. will be liluly To
cause au advance in quotations, ns No n
and gray forge canna bc obtained for
prompt delivery. and bat W pr cent
ol the anthracite hrnac'~ srr in
blast. The Iron Manufacturers Association
have tried To enforce arbitration ~ To wages
under the Wallace nc; PENNSYLVANIA ms q
means Of obtaining the desired reduction in
wages of employees after June.
This iDdicstes lack d coDdds,rc in
their original position, which was that the
men could accept 10 per cent reduction
or strike. The liquidation in prices of coal
stocks, long della ysd, has begun Coal Is
one dollar or more per ton higher than in
1879, which prevents raw iron frrm going
any lower For manufacturing purposes
bard coal has received black eye from b.
luminous ~ well as the jobbers generally.
There has been No saap to the markets. Next
August" is mentioned rs the date Of prob.
able revival. Petroleum has been upset by
an outoi.iown oil bank failure, bearish veil
nevs and depressing rrnors, to which u
is very susceptible and has
been ner,ou, and uncertain. Ocean
rreighs have been stronger. but lost
this and closed guie, at no advance. Wheat
has me, with b.srish Influences only. A
decreased Iosr in the visible supplies and in
eu i,cr,n.. IN the ounntity on passage has
olur, d the total wheat in sight, on land and
.ea in excess Of last week. The crop wealth