The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-06-23
STATE 5OF TRADE,
THE IMPROVEMENT IN BvslNrjts .
very slisht ahd Go, nssd 10 C.rtaia sLuealitiss.
BANKERS R'fu'i's Credits 10 Asrehasss-Iraa
Vsss nall-rss FAiIu,s R.eord-Neol
D5Y Aeiir', bat Prices are Lower.

NEW YonK June 2l.-Bradared's Journal
saye The improvement In the tone OF
general trade reported in special dispatc
to Bradslrtes's laat week from st. Paul and
Minneapolis, Chicago, St. Lonis, Kansas
City, and Cincinnati, is supplemented by
like advices from San Francisco and
Oharleeton. This, however, ,is the best which
can be recorded. The expected damaRte
to tho California wheat crop has proved to
be uniounded, and a curtailment Of the
hay crop there Is the wont which Ia likely
to happen. Notwithstanding The better
feeling In business circles from the oisieo
aamed, there ia little specified basis 10. tho
outlook, for excellent wheat and corn crops
cannot help imparsing feeling Of conf.
dence In the agricultural regions which has
been showing itself 10 some extent In re-
newed purchaaee, particularly OF lumber. !,
In all lines at the East the movement OF.
merchandise has been quite as sluggish as
previously noted. Buying continues to be
Of the hand to.mouth order, and there ara
no indications Of anything like revival. /;
!niact; tho present time appears 10 be the !.
dulleBt Of tho year. y = I
AN OBSTACLE TO TRADE. i,+ ,1... <,
One obstacle to the free action OF traders
Is found in a quite general indlsposi,ion on
the part ol bankers at leading cities to ex.
tend the customary. credits to merchants (
on their paper. The haltiug movement re- Z
corded for the week Is in good part dis
tinctly traceable to this. iSas q. .:s,
7 The iron market is, If possible, duller !.
than ever. The statement that the outlook j
Tor Eastern pig.iron makers is for q gain
cannot be verified, except on the ground Of
low stocks alone. Prices are unchanged
and inquiries light. Il. Il M
4 There was lo7 failures in tho United
States reported to Bradareel's during the :.
past week as compared with lS4 in the pre-
ceeding week and with l78, 1877 and IS
in the corresponding weeks OF
1853, 1882 and 1884. About eighty per-
cent were those Of small traders whose
capital was less than 5000. Canada had
sixteen, an increase OF one. .si
,s WOOL. *
BosroN, MAss., Juns 2l.-The Adusrtiser
in its weekly review Of the wool market
says: The market has been more active,
but prices are, if anything, lower than q
week ago, the disposition OF holders being
10 clean up old wopls before the new Ia re-
ceived. There is better demand for nice
Iiae wool, Of which the stocks with manu-;
[acturers are very low. Dealers are ecruti-
uizing the Sanding Of their customers, the
Ct general business, particularly
Of woollen goods and clothing, making this
The money market has also
tightened. The failure Of the largest retail
clothing house in the country in New York,
who slso manufactured and sold at whole
sale, Carhart, Whitford & Co., was great
surprise. The firm cold at retail under the (
name Of Baldwin the Clothier," and did
business Of Sl,500. .00G. The failure is due
to complications in the settlement OF the
estates OF two partners who have died with.
in two years. Their liabilities are about
81. 600 600, and their assets placed well
above this. The failure has tended to de-
press the goods marEet, and manufacturers :
are less inclined to operate at the cloee OF the
week. Wool is arriving much more freely
Il "a