Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-07-06
MIDsUMMER DULLNEsS IN TRADE.

But Reports from all Sections Present More
Cheerful Features.
New YORK, July 4.-The approach OF
the midsummer holiday season has intensi-
fed the general dullness in trade circles.
Special kilograms to Braistreet's point to
this, although there are few exceptions.
At Boston the boot and shoe trade is, by
comparison, quite active, the most prosper
GUS department of business there. At New
Orleans the somewhat improved feeling in
business circles noted last week continues,
dependent on the generally favorable crop
outlook in the South Mississippi valley. At
Burlington, Iowa, the outlook in trade
circles is good based on the favorable crop
prospects in that State. Meanwhile collec-
tiods are reported to be fair from Chicago
and at points in the Missouri River valley.
The payments of semi-snnual interest and
dividends on July has further increased
the surplus funds on deposit at New York,
Boston and Chicago.
The Industrial situation has been compli.
Gated by a threatened strike of the Western
PENNSYLVANIA coal miners, and by strikes of
iron mill employesat Cleveland, and OF street
car company employees at Chicago. New En-
gland cotton mills and Pittsburg glass works
have shut down, owing to heavy stocks and
dragging sales. The situation Of the cotton
goods manufacturers is less encouraging
than that of the other departments OF the
dry goods trade at the East. Jobbers at
Boston claim to have sold nearly, if not
quite, as large quantity of goods during
the past six months as in the first halt OF
1884, but at greatly reduced prices. There
is little doing among commission houses,
but there is belief that prices next fall
will 60 below previous levels. The new
wool clip is now arriving freely at interior
markets, and in some districts it is almost
all out of first hands. Primary markets are
reported fairly active and holders firm.
Seaboard dealers in some instances incline
to the opinion that interior market prices
are at least per cent. above the figure at
which Eastern purchasers are justified in
stocking up.
The demand for grocery staples has not
increased. Refined sugar is lower, but cot
fee is firm at an advance. Dairy products
are only moderately active, and in some in
stances disappointing.
The pig iron market Is quite as dull as
ever. Southern pig continues to arrive at
Philadelphia and at points farther North.
Western furnace men believe that the mills
will have to buy more literally soon, as
their consumption has for some time ex-
ceeded purchases. Rails are slow OF sale.
AL quotations are subject to shading. The
anthracite coal market is IN rather worse
shape than last week from continuation Of
light demand, and disposition on the part
of buyers to shop for cut rates.
The wheat markethss become depressed
by reported increase in the visible supply
at home, ahoat for foreign ports and in the
United Kingdom; by q tendency. to admit
that previous extreme reports Of damage to
the winter wheat have been in some instan.
ces overdrawn; by the strength OF the bear
speculation, and by moderate exports with
only nominal export demand. Indian
corn has followed in price the movement OF
quotations for wheat, with no new features
except q moderate increase in the visible
supply. The demand for spot or futures
has been limited. Oats have been relative
ly quiet, though frmer at the close than
early in the week Flour is quiet and dull.
BUYERS for South and Central American
markets only have shown any interesthn ex-
port -four. Stocks have been heavily in
creased within three months past-at least
so per cent. at the Atlantic coast ports.
Concessions are obtainable on round lots,
but sales are not active.
Petroleum has been more active and ex
cited than previously during the year, and
maintains steady upward movement as to
prices of certificates, interrupted occasion
ally by sales to realize profits in sight The
situation in the field is quite bulhsh, as 1t
long has been.
There were 1872 failures in the United
States during the past week, as compared
with 1874 the preceding week, and with LAG,
1876 and 80 respectively in the correspond
ing weeks of 1884, 1888 and 1882; About
81 per cent. were those of small traders
whose capital was less than s., 5000. Can
ada had 10, decrease OF l.