Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-01-28
TREND OF TRADE.
DEPRESSION IN THE STOCK MARKET
The Iron Trade Quiet but Prospects 70
4 Revival Of Business Growing
Brighter The Grain Market
Fairly Strong.


show that there has been no general activi.
u In the trade movement during the pest
week, and . good deal Of disappointment
IL expressed In some quarters about the
unsatisfactory condition Of the markets;
but the situation and outlook are, II any.
thing. rather moro encouraging than .
week ego. Gradual progress toward . bet.
ter stats OF affairs 10 indicated by do.
crease In the number Of business
failures, gain In bank cleafancss
at several commercial centres, and mod
srats increase In ths distribution Of soma
kinds Of manufactured goods. Exports
BY breadstuns have BEEN little larger, but
the outward movement OF other staples
showi no percsptibls improvement The
depression In stock circles continues, but
there has been some recovery from the re-
cent decline In grain, provisions and
petroleum; and the cotton market, after
moderate fluctuations, stands about the
same - At this time last week. Specula-
ton In all these commodities has been on
moderate scale and confined TO regular
operators, the absence OF outside" orders
being conspicuous feature OF the markets.
as II has beeL for some time past
Values o. Manufactures Gsods
show little change. The trade failures 70.
ported 70 r G. Dun & Co. number for the
United States 2s7, and for Canada S0-a 10.
tai OF 81 for the week, as against as Tor
the previous week. The failures con.
tinue relatively large In the Western and
Southern States and on the Pacific coast,
these three sections OF the country 80
counting for Sbout two.thirds Of the total.
The iron trade has continued quiet, but
there 10 more iDquiry both for crude and
finished products, and st slight concessions
from current asking prices considerable
business could be done. Makers, however,
express moro confidence In the situation
ami show disposition to resist the demand
st1cks, and the belief 10 general
that purchases cannot be long
delayed. Steel rails show no i'm.
proyement, excepting - 10 inquiries,
which, a. In the case OF iron, result Ia com
psratiyeiy light sales owing 10 the low
views OF buyers. The line and city trade
In anthracite coal Is absorbing ali that the
companies produces In the three days allot-
ted in each week for work in the coiilories.
Prices are firm. shipments OF coal 10 the
Esst and South continue moderate. The
textile markets are
A LisaIs Hero Active,
but buyers pursue Q very conservative
policy and seldom anticipate requirements
10 any extent This 10 true OF tie In raw
materials % we'll - In manufactured pro-
ducts, It i.A buyers market for most dc:
scrIptlons OF cotton goods, and at current
prices there 10 little margin OF profit 70
manufacturers. Wool has been incidentally
active, and values on highbrsd hseoes have
ruled 6rm but TeIas, Territorial and sim.
liar wools. which are In large supply, have
been sold In some cases al Q reduction Of
a 10 cent per pound.
The export movement OF wheat has
slightly improved, - result Of the recent
decline in prices and the comparative
chespuess of trans-Atlsntic freighu. The
The cIssrsnces from four Atlantic ports
this week have segregated over 10000
bushels. including Hour. Demand has not
been, by any means, active; but the In.
creased interest shown by exporters has
been sufficient, In connection with the
light movement from the interior, 10 check
short selling and influence some speculs-
tive buying In oil markets. The result is
seen In an advance OF 2 TO 2X cents -
compared with the rates current week
sgo.
The Visible supply In this CsastSy
show falling oil Of 1900 bushels, but
the amount on passage 10 Great Britsin
ard the continent 10 go 900 bushels larger
tbsn lsst week. AZ anticipated, the visit.
bic supply Of corn has increased over w.
OCO bushels In conseq qutnce OF the lisht sI'
port trade and the large receipts AZ West
ern centres prior 70 January 10 Ths mar
ket for corn 10 about ons.h cent higher,
but shows little activity. and its stfensth
10 due largely TO the great Brmnsss In
wbest During the psst week there hiss
been snail movement ol both Whsat ana
corr from N. 60, nt-y 20 Western receiving
c.nlTes; but the shipments thence and 70.
c,iI's ~ iesboard markets bsvs bssn
larger. TIE latter fcsture IL due partly 70
the recent "eutang' IN rail ffsights from
the West, A8d partly 10 the ovsrcrovdinG
Of storage osysc!ty in Chicago. Erporten
ere bUyirr cautiously, and there ]. no To-
dicstion OF immsdiste improvement In the
foreign demand. but interior consumption
10 unusually large and increasins. =.