Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-05-19
TRADE.
Slight Sales and Few Failures the Past
Week In Commerce.

Slight Sales and Few Failures the Past
Week in Commerce.
New YORK, May ls.-The general tenor
of tie special kilograms received by Brad
streets to-day corroborated the view taken
last week. The volume Of merchandise be-
ing distributed is below late averages. At
no prominent distributing center is the
movement of goods equal to previous antic-
ipatons, and at most of them the situation
is one characterized BY no special activity
in any line. This is true at such cities as
Chicago, St. Louis, Cincinnati, Cleveland,
Detroit, St. Paul, Minneapolis and Kansas
City.
In the East Boston, New York, Phils-
delphia, Baltimore and Pittsburg make q
similar report. The news of a restoration
of eastbound trunk line rates places the
nominal figures back where they were be-
fore the last cut, but leaves them 10 per
cent. below the level of three years ago.
The patchwork arrangement between the
Western and Northwestern railways, as to
rates, leaves the causes OF the late rate-cut-
ting-too little business and too many roads
-undisturbed.
The opening of lake and canal navigation
finds rates on wheat from Chicago to New
York SIC per bushel against &c last year,
and on corn 7!c against sc per bushel at
the opening last year. This is encourag
ing, though within q few days from the
opening last year rates for corn fell &c per
bushel. Rates by rail are no higher at the
opening of navigation this year than last.
Interest in the industrial situation centres
about the coming contest between the
Amalgamsted Association of Iron and Steel
workers and Iron and Steel Manufacturers
alliance.
The bceadstulls market has been weaker,
and has declined since Monday, in the face
Of the industrious circulation Of alarmists
short wheat crop reports. Snecial investi.
CATION by Bradstreets fails to show any
reasonable ground for belief that the avail
able supply Of wheat on July will be less
than 47Q,OO0,OOO bushels, as compared with
5:v,00O, 900 bushels on july l, 1884. No,
2 red winter wheat closed at SLO44 last
night, against $l.O2! week ago. Ihe
shortage in the growing crop promises to be
exclusively in winter wheat, and TO amount
to about lO0,000,000 bushels. Indian corn
closed at SOC, against 5Sc week ago for
No. 2 mixed. Exports continue checked
and ocean freights low
A better feeling has been shown in some
lines of grocery staples, but on the whole
there is not much improvement. Dairy
products are dull OF lower prices. Spot cot
toh weakened about the middle OF the week.
but rallied, closing at lOJ cents against 10:
cents week ago. The effect OF the great
dry goods sale on the cotton market was not
appreciable. Among the cotton goods trade
the auction aale is regarded as fairly salts
factory. Some OF the goods sold low, but
others went at jobbers current prices. The
New England view of it is that there is less
likelihood than one month ago Of whole
sale stoppage Of Eastern mills during the
summer.
Coal and iron are as dull as ever. Petro.
leum is quiet. Wool manufacturers are
still low buyers, owing to the expected pres
sure Of the new clip on the market.
There were l6l failures in the United
States during the past week, as compared
with 1877 in the preceding week, and with
1877, lG6 and ll6 respectively in the CORE.
spending weeks Of 1884, 1888, 1882. About
s. per cent. were those of small traders,
whose capital was less than $1,000. Can
ada had %, a decrease of IL.