Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1885-10-11
THE STATE OF TRADE.
A Buying Wave Sighted on the Vast
ern Business Sea,
No Likelihood of a General Boom,
However,
Though Money is Loaned Higher
for Speculation.
No Improvement in thu Damand for
Iron.


facturers' agents and the commercial class
ed generally, as reported by wire to Brad
streets this week, very generally recognize
not only that the fall spurt in business has
sbout spent its force, but are inclined to
concede that there is 10 likelihood whatever
of boom this year With the exception
of q few Southern c.ties, where receipts OF
cotton have been heavier, and where trade
has been stimulated thereby, there is q
noteworthy check to the late fteer purchase
Of atsple goods. This holds true,
except ct St. Louis, where su ex.
position aud other special influences
have contributed to q movement OF mer-
chandise quite as full as previously. AT
Boston money Is easy, and some lines OF
trade are gutter, while few are active.
There, as at the East generally, dry goods
staples are in greater demand than during
August and September, though come better
than during the corresponding week in 1884.
Wool st Eastern markets is quiet and
prices are unchanged. Boots and shoes
continue in active request, and factories are
busy Philadelphia markets are not, as o
rule, quite as firm, and dealers are q shade
less confident. Retailers are more active
there, as at many other points, but it is rec
cgnized that it will take some time for the
consump;iye demand TO lessen the interior
Rholeeaie purchases made within two months
cas-.
\ Significant Feature
g iouud in tie New York and Chicago
money arke,s At New York cali loan
a,es have been made at per cent. against
l@l5. per cent, 60 long prevalent, and at
Cticsgu al per cent, as compared " tn 3
Ger cest. In Chicago trade circles talk 10
itgs Confident, although opinion incline o
ray, end that another wave of buying
viii follow the last.
There is no improvementin the iron mar.
ket. At some centers there is less demand
for pig than there was last week. Old rails
are frmer and iu fairly active demand
Anthracite coal retains the features OF i'm
provement noted last week. Petroleum is
dull The export demand ia only mo1er'
ate, and certificates Of crude hang heavily
between 81 and 81 OF per barrel.
Provisions are less improved than was TO
be expected, considering the 6rmness shown
by Indian corn, and wheat speculation has
bad much to do with this, and receipts Of
hogs continue large. Corn stocks are light,
and 10 new corn can get East In quantity
until December or January which con.
uibutest to the advancing tendency ucted&n
prices.
Good Outlook for Wheat
Wheat has been moro active speculative'y,
rhough there is not much more demand
from abroad The excessive output OF flour
points to confidence on the part OF millers
in the course of wheat prices in the near
future. The quantity Of wheat on passage
is still declining, and ION the basis Of de-
mand srd supply" alone, English buyers
are likely to have to pay materially ad'
vsnced prices for grain later in the season
In the less important grocery staples
there is g slightly improved demand. but
tea, sugar and coffee are still dull. Dairy
products have advanced. Cotton, after
being higher on Bradatreet's untavorable
report last week, has been somewhst lower,
but with later reaction to higher level
again.
There were I79 failures in the United
States during the week, as compared with
l72 the preceding week, and 2l3, l66 and
l25 respectively in the corresponding week.
Of 1881, 1888 and 1882. About 81 per
cent were those of email traders, whose cap
nal was less than $4,000. Canada had %
an increase of z.