Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1885-06-28
REVIEW OF TRADE.

The Business Outlook and the Industrial
and Agricultural Interests of the Coun-
try.
NEW YORK. June 27.-From the leading
business centers, reported by telegraph to
Bradsreefs yesterday, word comes that
trade continues quiet and singularly free
from speculative movements. Surplus
funds at the banks at New York, Boston
and Chicago show no signs of growing
smaller, and the demand for money at the
interior has not equaled the expectations.
The volume ofgeneral merchandise moving
is made up Of hand.to-mouth purchases.
Since the labor trouble at Pittsburg has
been settled, the local trade situation has
assumed better aspect. At Philadelphia
merchants are inclined to q more confident
and hopeful view of the nearby future,
while at New York the reverse is true.
Cotton and wooden men in all directions
are inclined to regard the outlook as op'
posed TO revival, and their complaints as
to the effects of the late heavy auction sales
of cotton and wooden fabrics at the East are
based, they claim, on the injury done the
textile manufacturing interests. At Boston
there has been some activity in sales Of dry
goods by jobbers, but agents and makers re-
port trade as dull as ever. Chicago advices
are that country dealers are taking less. AT
New Orleans there has been stocking up by
country merchants, based on the reported
good condition andprospects OF crops at the
South.
Hammering the Wheat Market.
There is an evident disposition on the
part of number in the wheat trade to ham
mer the market, and prices have been de.
pressed in consequence. Crop reports con-
tinue to come in telling Of from l50, 100000
to $50, 100000 bushels shortage in wheat,
vet, with quite moderate exports, visible
supply which refuses to decline materially
and a potent bear crowd, wheat prices are
held down. No 2 red closed yesterday at
81 OOA, against 81 OIL a week ago. There
are reports of 1000 900 bushel increased
production on the North Pacific coast,
and oue-sixth as much in Kan.
sss. In Minnesota and Da-
kota wheat has had fair start, and is now
heading out, This is critical period for
the spring variety. Some rust has appear
ed, but the damage thus far is iuconsidera.
BILE. Indian corn is quiet closing at 53i
cents. against 55l cents last week. Flour
is very dull, and when sold, is lower. Hog
products are moving off quietly in large
quantities. but the market is without fes'
ture. Iron is very quiet and unchanged
There are no reasons for expecting radi'
cal improvement soon. Coal is more de-
morslized as 10 price than ever, and buy
ers go shopping for the heaviest cuts. July
is not likely to bring even nominal ad'
vance in rates.
Petroleum, Wool and Cotton.
Petroleum has finally responded to the
bullish influences which have been visible
since January !, but which have hitherto
been ignored Certificates have advanced
ST cents on the week. The buying is purely
professional, but the bulls have the floating
certificates well in hand. The shorts in oil
have two sqeezes, aud some buying in
under the rule" for the more reckless Of
their number has been done.
The wool market at Boston has been
more active, but prices are unchanged and
are likely to remain so while manufactured
goods are so cheap AT Philadelphia in
quiries are better, but no buying to speak
of 10 reported. The fluctuations
in cotton prices at Liverpool have
been almost the sole influence
on prices in home markets. The favorable
reports as to the prospects of the home crop
had some effect on the prices of futures.
Spots closed at 10 ZIG cents, the same as
last week. Grocery staples have been some
what disappointing. Coffee is weak, and
sugar and canned goods in certain lines are
lower. Dairy products are dull. Cheese is
lower.
There were 1874 failures in the United
States during the past week, as compared
with 10 the preceding week, and with l53,
l65 and l59 respectively in the correspond
ing weeks OF 1884, 1888 aud 1882. About
81 per cent were those Of small traders
whose capital was lest than $1,000. Canada
had 20, decrease Of 3.