Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-06-22
STATE OF TRADE.

short Crops and General Business Depres-
sion Over the Country.
New YORK, June 20.-Special kilograms
10 Bradstreets from the larger cities
throughout the United States continue the
record of almost uniform midsummer du'l-
ness. At few of the smaller cities, thert
has been an improved demand for loans,
notably at Detroit. At the larger trade CEN
tres the reverse is true, with the sole excep,
ton of Cincinnati, where the demand TO.
money is mainly to move the new clip o
WOOL The volume of produce and genera
merchandise moving through out the couu
Try is hight, probably smaller than at lIk'
pariod last year. In the Northwestern, o
spring wheat country, this is undoubtedly tn
Ease. The surplus bank reserves at tn
Eastern financial centres, as well as at CHI
cago, continue substantially as heavy q
heretofore, and call loan rates unprecedeul
edly low. At New York, in the speculative
markets, all the money wanted can be Oh,
aimed at per cent on call, although l.
per cent. continues to be the nominal quota
ZION.
The praticsl dissolution Of the iron strike
or lock out, at the West by means Of mutusi
concessions, is q credit to both employee
and employers, and most of the idle Pits
burg mills are, or soon will be, busy. Ihe
mills further West cannot afford to contlnue
the struggle now that Pittsburg has decided
10 60 to work The iron and steel indus
tries show 10 signs Of improvement an
prices are unchanged. The sale of 5000
IONS of iron nails at Philadelphia at SIPS,
rhen the nominal quotation has been $500
6l6 so for long time past, shows that the
old rail market is not as bad as has been
reported.
The anthracite coal trade is duller than
previously, and side tracks along the lines
Of the coal roads are filing up with loaded
aoal cars. The bituminous trade is quite
iemorslized so far as prices are concerned
owing to the competition from newly de-
yeloped fields.
The wheat market dull and dragging,
and it is becoming more evident daily that
the winter wheat crop is to be a very short
one. The damage since May l mas ex.
ceeded all precedent. Just how short the
crop will be it would be hazardous to pre-
dict when the margin between the various
relisble reports thereon is 90,0OO,OOO bush
els, the totals given ranging from 800, 900
100 to 27O,OOO,000 bushels. 1t is also
likely that the stocks on hand visible and
invisible have been overestimated. 1t tn
reports of the shortage are two-thirds veri
ted, the United States is likely to have
only its present surplus visible and invlsl
Die for export. This, with light stocks In
England, with shortages in Australia and
New Zealand, an under average in Austria
and Russis, and no grsin in India and with
40 600 900 bushels deficiency in France and
the United Kingdoms likely to push wheat
prices well up before July l, 1886. No. 2
red closed yesterday at oil against ) .O2
last week, and No. mixed corn closed a.
ssh cents against 54} cents last week. Corn
has been firm on light supplies and fair
demand.
Provisions have been dull aud lower.
Heavy receipts Of hogs and free sales have
prevented any advance.
Petroleum is higher and fairly active,
with no new features beyond those spPar-
ent for some months past.
Dry goods have been in moderate request
and the production Of cotton fabrics In the
East promises to be restricted. Wool IS In
light demand and sales are small. At Bos'
ton the weeks transactions have been
smaller than those in any other
week since January l. Prices are
steady, but any pressure to sell NE.uld re-
duce quotations Cotton continues - down
ward course under light takings, Ind the
promise of an unusually heavy yielI. Mid
ding uplsnds went of 3-l6c to T-l6c
during the week.
Grocery staples have moved vert slowly,
with coffee lower and tea depressed.s Dairy
products are easier, though sloWlf In de-
mand.
There were ITO failures in the United
States during the past week, as compared
With 1877 the proceeding week, and with
1877, l1S and 1871 respectively in the CORE
sponding weeks Of 1884, 1888 and 1882
About SO per cent. were those Of small
traders whose capital was less than s, 900.
Canada had e, an increase Of six.
Wool.
BosToN, MASS, June 20-Wool: demand
moderate; new wool continues to arrive
quite freely, largely Texas; Michigan extra,
2Sc; pulled woods. 20@S2c, for common to
very choice supers; others unchanged.
LONDON, June 20.-At the wool sales to
day IL 500 bales Of New Zealand, Adelaide
and Swan River were sold.
NEW York, June 2o.-A slow goods