Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1884-09-28
GENERAL TRADE BAD.
The Latest Information as to the Business
Status OF the Country-Its Inactivity and
the Causes for 1t.

The Latest Information as to the Business
Status OF the Country-Its Inactivity and
the Causes for 1t.
New YORK, September 27.-Special
kilograms to Bradstreets yesterday reported
general trade throughout the country no
better than heretofore. The movement OF
merchandise Is still noiceably below the
average, and the East and West trunk line
railways are vigorously cutting rates to get
what traffic there is at New York, Boston,
Philadelphia and Baltimore. The distri-
button of goods is still below anticipations,
and the situation generallyis unsatisfactory.
This holds true at most of the larger cities
within the latitude covered by the four cities
as far West as st. Louis, where there
is an unexpected improvement Sales
by jobbers have increased, those
for cash notably 30, and the de-
mand fer money has become larger and
rates higher This is in direct contrast to
the situation at Chicago, where the demand
for merchandise as well as for loans are less.
In the Atlantic and Gulf States trade gen.
orally is improving some, and the situation
on the whole may be called relatively better
than in the Eastern, Middle and Central
Western States. The drawbacks are the
dullness of naval stores, and the low prices
which the Georgia cotton mills receive for
their products The Louisiana rice crop is
said to be Is per cent short, and cotton
seed product will fall below last year.
Southwestern farmers have shipped their
products relatively more freely than those
in the Northwest, which goes far to explain
the business in st. Louis.
In the North.
Further north there is widespread dis
position to hold back wheat owing to the
low prices. Quotations for the latter have
been firm, owing to better cables, smaller
quantity in sight on land and sea, and the
fact that the United States can sell at a
profit even at current figures, together with /
light receipts at the West. Better weather
in the Northwest has improved the quality
of wheat. At San Francisco there has
been visible improvement in general
trade. The gambling deal in corn at Chi
cago shows the scarcity of old corn in the
country. The success Of the deal
now depends on whether some new corn
received there can be used as
good September delivery. Provisions are
higher in sympathy with corn. Cash wheat
has gained ic, corn has lost 4c per bushel
and lard has gained lc per pound Iron is
unchanged, with signs of new strength
further West. Steel rails are 81 per ton
higher, and talk is heard of S35 Coal is as
badly off as ever, and next week work at the |
mines will be restricted again. Petroleum |
is as depressed as ever, owing to tn
appearance of a rather heavy we'll clos
to the noted BPhillips gusher. Tn
dry goods markets are comp ratively quie
and easier, with buyers continuing the pol |
icy of restricting purchases to immediate |
wants. The effect of the August stoppage
of the Massachusetts cotton mills has been
lost already, and the equivalent Of two
weeks stoppage in October is practically
agreed on. The weather at the South is
very favorable for cotton picking and the
crop is being uctively gathered. Port re-
ceipts are increasing and under free offer
iugs ard light demand the markets have
declined. Trade in wool has continued 4
quiet, but former prices have been well
maintained.
The Failures,
There were POI failures in the United
States reported to Bradstreet's during the
past week, as compared with zoe in the pre-.
ceding week, and with l64, l73 and III
respectively in the corresponding weeks Of
1852, 1882 and 1881. About so per cent
were those Of small traders whose capital
was less than $5 900 Canada had 28, an
increase OF 10.