Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-10-27
CONTINUED BUSINESS DEPRESSION
| Bradstreet's Advices Touching n Week In
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Bradstreet's Advices Touching a Week in
which There Were s54 Failures,
New YORK, October 25.-The general
feeling in the business community, asshown
BY special kilograms to Bradstreet's, is one
of continued depression. The volume OF
merchandise moving is smaller, and pur-
chases from first hands continue to be re-
strieted. The opinion is widely held that
no revival in business of permanence IS
likely to be experienced this year. Gener-
ally mercantile collections continue back
ward. and heavier houses are being
called on 20 carry those which
have reason 20 ask and receive eK-
tensions. A notable exception comes from
Chicago, where several heavy accounts
against country merchants have been set
tied. From almost all directions genera
trade is reported quiet, except at leading
clues in Kansas, where the cooler weather
has caused some buying, mainly Of dry
goods anu clothing. There are no features
looking to improvements in industrial lines.
The New England cotton mills will resume
work next week, but further restrictions are
probable. Dry goods continue dull With
first hands. but have a slightly improved
outlook in some localities owing to the
stimulous of cool weather on the retail
trade. Cotton has made further decline,
the offerings being large and the demand
limited.
Wheat has been stronger and higher on
the spot; futures too, have advanced. This
has resulted mainly from renewed buying
for export and belief that the extreme
low figures reached last week warranted a
reaction, The advance since the 18th inst.
has been &c for spot, to SAFE.
Indian corn has been weaker through the
clique at the West letting go OF some OF
their holdings and to light transactions.
No. 2 mixed has declined nc on the week
at j6ic. iIogs product, too, are weaker
and lower Hog receipts are declining aud
prices advancing owing to the stimulus 81
increased demands from packers caused in
part bv cooler weather. The home and
and foreign demands have been better
during the last day or two, but the net result
for the week is loss of 25c per barrel for
spot mess pork, the closing prices being for
lard to the continent Sc and for pork SIG 70.
Petroleum.
Petroleum has been practically corner
ed BY the bull clique. They squeezed the
shorts aud forced up prices l5!c per barrel
on Monday and Tuesday, and held prices
there till Yesterday, when they ran them up
PC more, certificates closing at Tic, gain
of ll;C since October II.
Pig iron is weak, but unchanged in price.
Coal is no stronger, though there has been
some gain in demand for domestic sizes
The outlook for the years production OF
anthracite is q decrease Of 100000 tons
as against 1883, with 100 idle days
at the mines lin 1880 as compared with bat
so last year. The prospective increase
of 10 idle days (lSS4) will, therefore, have
reduced produced production the equivalent
of but 10 davs work at the rate coal is
now being mined. The consumptive de-
mand for wool has continued moderate, but
there has been no important change in
values.
There we're 23i failures in the United
States reported to Bradstreets during the
past week as compared with 209 in the pre-
ceding week, and with 2O9, 1871 and III, re-
spectively, in the corresponding weeks Of
1883, 1882 and 1881. About IS per cent.
were those of small traders whose capital
was less than $4,000 Canada had 29-an
Increase of I,