Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-11-09
STATE Of TRADE.
The Northwestern SChsms to De-
press the Price of Wheat.

NEw YORK, November There Is no
special feature in the general trade situs'
lion as reported to Bradstreets, aside from
the evident attempts made in the North
west to dspress the price of wheat. The
heavy rush of whea. to Minneapolis within
10 days past has not been the result Of ex'
cessiye deliveries from farmers hands, al
though efforts have been made 10 produce
thai impression. The wheat which was al
ready largely owned by Northwestern mill
era had been stored at interi2r points, and
was rushed to market merely to produce
the impression that the grain was being
unloaded by farmers. 1t is now evident
that the scheme was in q measure
successful, for farmers throughout the
Northwest are shipping more freely on the
decline started, owing no doub. to a fear
that prices will be further depressed. This
feature Of the grain market constitutes
about about all the difference from the sit
ustion one week ago. The result is ten.
dency toward lower prices, particularly in
the absence of an improvement in the for.
eigu demand, and backed by heavy ID
crease in the visible supply.
Indian cora and oats are relatively high
er than wheat Supplies are not so large,
irrespective OF the question Of new crop
supplies. Cash purchases, too, are heaV-
Ter. Hog products are higher on better
home and export demand, as we'll as in
symT sthy with the price Of corn.
The general movement Of dry goods has
been light, and on the whole, disappoint-
ing. At Boston there has been a smaller
business during the week than for long
time past. Recorders are not expected
until settled cold weather appears. An
encouraging feature is found in the fact
that while the mills are producing in ex-
cess Of one year ago, no complaints are
heard, while early in November, 1854,
there we're pronounced demands for fur
Their restriction Of production. Wool is re.
ported to be steady and of moderate activ-
ity. Manufacturers are well stocked, but
more liberal purchases are expected TO
be made within six weeks. Ii is reported
that % per cent. more wool and worsted
machinery is running than one year ago.
The general trade situation is not chan,
ged within q week. At Boston 1t is good
in spots" only; at Philsdelphis it is con-
Quoted on q moderate scale and with no
features. At Baltimore it is quiet, the
regular distribution for the season being
completed. At Cincinnati Hour, grain and
provisions are dull. and iron and coal are
improving. Cleveland exhibits no renewed
activity, and at Indianapolis business is
ouiet, with the outlook for moderate
trade. At Chicago it is reported that q
better movement OF goods is expected next
week. St. Louis, Memphis and Louisville
announce fair and satisfactory volume OF
transactions in staple goods. AT such
cities as Peoris, DesMoines, Davenport
and Milwaukee there has been fairly sat
isfsctory business. At Minneapolis and
St. Paul there has been smaller volume
of trade, and at Kansas City considerable
activity.
Cotton has been dull and lower, futures
some II points aud spot about ic on the
week. This was caused by heavier visible
supplies and light demand from spinners
aud from Liverpool. The demand for gro
cery staple has been only moderate, with
sugar and BAIL coffee lower. Fancy
Grades of butter are higher. Cheese is
dull, with light export demand. Iron and
steel and coal resent no new features rs
compared with last week.
There were 1876 failures in the United
States reported to Bradsreet's during the
week, against 10 the preceding week, an9
loo. PIG and lag in the corresponding
weeks of 1884. l.S3 and 1882 respectively
About So per cent were those of smsl
traders whose capital vas less than =, 900