Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-09-21
No Improvement Noted Over Pas
Reports.
Capital a Little More In Demand
But
Employed at the Lowest Rates
While Business Men
Feel the Commercial PuIss---No
Boom in Iron.

NEW YORK, September l9.-No gain on
the recently reported improvement in trade
circles has been reported by the special tsle-
grams to Bradstreets received yesterday.
In most directions the full measure Of the
movement is maintained but that is all.
From Chicago. St. Paul, St. Louis, Cincin-
ninati and Detroit, at the West, comes the
word that interior purchases are as heavy
as previously. At Detroit it is reported that
losses sustained in the first half of the years
trade in dry goods have been made good
already by the increased sales. 1t is notice,
able, however, that at no important trade
center East or West have discount rates or
call loan rates advanced. There has been a
noteworthy gain in the employment Of sur
plus funds, but bankers appear thus far to
have been anxious to employ their idle cap
ital at the lowest rates.
This, together with the continued indiS-
position on the part Of railway managers to
cease rate cutting with the somewhat squal.
y railway tariff outlook among the granger
lines, and with the heaviness of wheat and
anthracite coal and the average of business
failures from week to week, constitute the
salient features of the trade situation.
No Boom in Iron.
Iron is slightly frmer and in better de.
mand. Prices are unchanged. THERE'S no
prospect of any boom. Steel rails are en-
couraginglY in demand, but no more. A
sale Of 5000 tons at $50 is reported. The
petroleum (speculative) market is dull,
and appears rather week than otherwise.
Notwithstanding the uuquestionsble strong
statistical position of the product, specula-
tive manipulation is in this instance far
more potent than any other as q price.msk.
ing factor. Germany, our best foreign Gus
toner, is talking independently, and point
ing to Russia as a relief, if necessary. Hog
products and provisions are quiet and de-
void Of special features.
The movement Of dry goods from jobbers
AID agents continues quite as active as
heretofore noted, and the frmness in prices
Of prints and of blesched and brown cottons
is fully sustained. The net average gain in
prices of raw woods since August l is about
&c per pound, and with the increasing firm.
ness in wooden cloths, the views Of holders
are as strong IS ever. Speculation in wool
is noticeable, although sales to msnufactur-
ers, after the late heavy distribution, are not
made as freely as ten days ago. The wool
clip Of the country is estimated to be short
about 20 per cent.
Too Much B%readstuh.
Wheat continues dull and dropping, main.
" from a lack of foreign demand. The ex-
ports since July l last continue far behind
those in the like portion of last year.
Despite the holding back Of new grain by
farmers, the already towering visible supply
grows larger and larger, and ss if to crown
all, the quantity saoat for the United King.
dom and the continent shows an increase as
well.
The Indian corn crop has about passed
out Of the critical stage, that in which it
was likely to be damaged by frosts, and the
general opinion appears to be that very lit
tie damage has been done to it, and that we
are again to have the largest crop on
record" The demand tor grocery supplies
is only moderate. The sugar supply is in
creased; coffee and tea decreased; dairy
products depressed.
There were l49 failures in the United
States during the past week, as compared
with 1873 the preceding week, and with 2O6,
III and l4l respectively in the correspond
ing weeks of 1884, 1888 and 1882. About
81 per cent. were those Of small traders,
whose capital wa less than $4,000. Canada
had Is, a decrease of three.