Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1885-09-20
STATE OF TRADE.
No Improvement Noted Over Pas
Reports.
Capital a Little More in Damand,
But
Employed at the Lowest Rates
While Business Men
Feel the Commercial PuIse---N
Boom In Iron.

NEW YORK, September l9.-No gain on
the recently reported improvement in trade
circles has been reported BY the special tele-
grams to Bradstreets received yesterday.
In most directions the tull 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 halt OF the years
trade in dry goods have been made good
already by the increased sales. 1t is notice
able, however that al no important trade
center East or West have discount rates or
call loan rates advanced. There has been
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 squsl.
ly 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 lirmer and in better de.
mand Prices are unchanged. Thereis no
prospect of any boom. Steel rails are en-
couragiucly in demand, but 10 more. A
s,.le Of > go tons at $50 is reported. The
petroleum (spcculative) market is dull,
and appears rather week than otherwise.
Notwithstanding the uuquestionable strong
statistical posinoD" OF the product, specula
rive manipulation is in this instance far
more potent than any other as q price
ing factor. Germany, our best foreign Gus
toner, is talking independently, and point
ing 10 Russia as relief il necessary, Hog
products and provisions arc quiet and de-
void Of special features.
The movement OF dry goods from jobbers
and agents continues quite rs active as
heretofore noted, and the frmness in prices
of prints and OF olesched and brown cottons
| is fully sustained. The net average gain in
| prices Of raw woods since August | is about
Sc per pound and with the increasing firm
ness in wooden cloths, the views OF holders
are as strong as ever. Speculation in wool
is noticeable. although sales to manuiactur-
ers, after he late heavy distribution, are not
made as freely rs ten days ago. The wool
| cup OF me country is estimated 10 De short
about - per cent
Too Much Br-adstun.
Wheat continues dull and dropping main.
" from lack OF foreign demand. The ex-
ports since July 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 as if to crown
all, the quantity allost for the United King.
dom and the continent shows an increase rs
well.
The Indian corn crop has about passed
| out Of the critical stage that in which 1t
was likely to be damaged by frosts, and the
! general opinion appears TO be that very lit
| lie damage has been done TO il, and that we
are again 10 have the largest crop on
record The demand tor grocery supplies
is oply moderate. The sugar supply is in
creased; cciFte and tea decreased; dairy
products depressed.
There were l4S failures in the United
States during the past week as compared
with 1873 the preceding week, aud with 2O6,
| ~ and III respectively in the correspond
| ipr weeks Of 1884, lSs3 and 1882. About
> uer cert were those of email traders,
whose capital was less than 5000 Canada
| had q decrease Of three.