The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-01-01

cotton goods. Auvlces from Cincinnati
regarding the results OF the years busines;
in general staple lines are more favorable
than from any poiut except Minneapolis
and St Paul, while those from Boston are
the least 30, measured from the side OF
profits. The general feeling In trade circles
appears to be an unsettled one. Traders in
all lines confess to viewing the future with
no anticlpations OF special activity in the
near future.
THE YEARS FAILURES.
The commercial wreck list OF the year is
a formidable one. The following table
gives the total number OF failures reported
to Bradstred's during each Of the last FIVE
years: 5'n'~
1879 1880 1881 1872 1881
United St9tes.-....G.GJ5 1850 dy9 7,5i le,IS7
Canada aud Pfoy.."9,uio SO Cv7 6i4 1,,a0
The table below gives !he failures dur.
ing each Of the two la.t quarters Of 1881,
1SS2 and 1888: - ~
No. OF failures fourth fuar.es...l,t ,t9l a267 2,S(9
No oil failures thiid quartes....~"l,lio 1858 2vG.
No. Of failures six months .~2,6i5 sgS 4Syl
The returns OF to-day and Monday will
increase somewhat the total for the last
quarter OF 1888, and, therefore, OF thu
years total; bu. the figures aboye will
prove to be approximately correct.
WHEAT AND CORN CROPS.
Floods and drou!h fell upon the winter
wheat crop OF 1882 and 1888. Rust and
pest crept in, and, as reported by tha Gov
eminent reporters, the harvest WAS 100000
900 bushels short Of that in the preceding
year. This ranks the toisl, allowing
slight gain for spring whest, ct abont .iOO,-
600 900 bushels, as against $4,000 600 in
lSSl-S2 and 30S 200, 900 in lSS0>Sl. There
were ls6. 500, 900 bushels reported as wheat
aud flour in lSS0-Sl. In lSSl-S2, l2l, ,SOO,-
600, and in lSS2-S3, l52 100000 bushels.
Since July exports have been rearic,ed
and prices relatively low. The visible sup
ply has increased bcyond all precedent. be-
ing to-day in excess Of 5000 900 bushele
as sgainst l9,4lS,0i5 buahels July |. Farm.
ers have sold their wheat fsesly, in the lace
OF restricted exports and enormous etocks
at domestic and foreign ports. The gross
exports from The crop of 1882 S. have been
TO December 10 from July y but so $40 9l8
bushels, as against T,l03,772 bushels in Il
Ike part Of 1882, and A. ATS 92l bushels in
1851, and still Russia, India und Australia
are Offering grain cheap for future delivery.
The price OF wheat mo. . red at New York;
opened in January at about ST 135, ad-
vanced to 81 II February 2, to 81 l4s Feb
ruary, and 10 81 20 during the month. To-
day it touched 81 III.
The exports Of 1nuian corn have been
on a moro liberal ecale than these OF
wheat, but less than formerly. In 1882
and 1883 the exports aggregated were 4l,-
60. .G53 bushels OF corn and meal against
H,3i0. 6S3 in 1881 s., and %. 6S4, IA bush-
els in fSS0.S2, and 93,64S. III bushels in
lSS0.Sl. The price OF corn on January 5
lHs! was G1y cent?, and on the I0:h OF that
month it was G9l cents. February s it WAS
12S cents, and February II a cents. To.
day it touched Ga cents.
,..- OIL PRODUCTION.
Considering the question OF supply and
demand as based On the statistics oi the
petroleum industry, tina past year differs
from that preceding it. In 1852 the greater
portion OF the development favored in
creased production, increased enormous
stocks above ground and lowered prices for
the crude product. This year has brought
q decreased production Of oil and has ne.
cesaitated the drawing on stocks through
August, September, October aud Novem.
ber, and developed q higher range OF
prices. The explorations OF the 'regions"
has been great, With but little encourage
nlent as to new and rich fields OF oil. On
the prime OF the Bradford district came the
Allegany, and after that'thc Cherry Grove,
and the average annual price OF crude per
barrel at the wells was in 1880 down to
0ii cents. in 1851, to S53 cent?, and in 1889
to 79! cents. This year thus lar the av-
erage annual price ia 81 06 per barrel. The
average daily production this year, to De-
cember % has been 2,730. 900 gallons, and
the exports 100000 gallons. The average
daily quantity added to stocks has been |
SIC, 900 gallons, which indicates an average
daily home consumption OF 1..77,0O0 g1i. |
Ions during the year to December 90. Tx
ports from tho United States from January
! to December % aggregated 40S, ,SSl, ,2l0 |
gallons against 475, nc, ,4S2 gallons in like |
period in 1882.
AS things are now, Gays BrddSEtet's, there |
ia no adequate reason for concluding that
the business OF the country is 10 find 4 still |
lower level in 1854, but on the other hand
tho enforced stopping OF mills and further
OF wages in the concerns still in
operation may bring about further depres.
sion --. s--