Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1885-06-07
STATE OF TRADE
Throughout the United States the
Past Week.
An Increased Depression In General
Shown In the Review.
The StOppage of the Iron Mills
Having an Effect.
The WBd Markst---Bright Side of
Cfops.--The Iron Market.

NEw YoRK, June 6.-The past week, as
recorded in special telegrams to Bradstrset's 8
shows an increased depression in general
trade, The stoppsge of the iron mills at
the West cannot fail to act as further drag
on trade. The volume of merchs 1dise moved
is not large. The demand for fall goods is
below wbatwas anticipated, and in trsnspor.
tation circles freight rates are lower than
ever. From Chicago to New York, 10 cents
per 100 pounds for grain represents loss
Lake freights are as low as ever before, and
| yet the tonnage is light and cars lie idle.
The demand for the produce does not exist
even at the very low cost of delivery. The
banks at Eastern and Western centres con-
unue to accumulate funds. Interest rates
at the interior are lower than ever before,
and in still other ways there are evidences
of accommodating idle commercial machin.
| erv.
The industrial situation is complicated By
the strike or lockout Of $4,000 employees OF
Western irin mills, principally at Plttsburg,
Wheeling, Cincinnati, Cleveland, Fort
Wayne, Indianapolis, Chicago, Joliet, St.
Louis, Milwaukee and Detroit. The manu-.
facturers refused to sign the former rate for
sheet rollers after the employees had con.
ceded share in the proposed reductions in
other lines; hence the stoppage of 100 mills,
of which 35 are in Pittsburg. About ten
mills are running which might have been
counted on to shu. down. 1t IS doubtful
whether the stoppage will be long continued,
although the Amalgamated Association de-
clare they viii all remain out TO help the
sheet rollers.
Iron Market Unaffected as Yet.
No effect has been felt on the iron mar
ketyet. The unemployed capacity of mills
still running Is believed to be sufficient 10
meet larger demand.
There are reliable reports of renewed cut
ting of coal prices. and it is notorious thai
the anthracite coal trade is in greater straits
than it has been before for eight years
Demand is light and pressure to sell has cut
profits to the minimum.
The cotton market has been quite dull,
spot closing at l03 cents against 10 1916
cents last week, and futures an average OF
10 points lower than on May 20. The dull.
ness of the Liverpool market and the en-.
couraging outlook for the new cotton cropiu
this country, were the visible factors in de.
preston. Eastern wool markets are quiet
At the interior. here eiaSoms excitement, and
prices are stronger. The new clip has not
arrived at the East, and the lots OF old on
hand are small. The report is current at the
East that the Texas and Territorial wool
clips are 25 per cent short. The dry COOL
market is noticeably duh, and jobbers do
not express any reasonable hope for any
Improvement during the month. At Boston
the volume OF dry goods staple lines which
have been disposed of during the past s9s-
son is said TO be OF fair proportions, but
there is much complaint as to prices real
lied. The inference is made that the dis
counts to the trade exceed the rates c)m.
monty reported.
The breadstuif market opened lower, but
reacted and became stronger again on re-
utwed reports of short crops, particularly
from Kansas, together with growing belief
that wheat is cheap at current figures, with
y probable shortage of 25,0O0,000 bushels
rom the to;al of 1884. The export demand
lS very uRul, anu cNcu lIauluk
has dimisnihed Special kilograms to thi.
journal report warm weather with mild
-aius, in the Mississippi and Missouri
valleys. The corn crop there has oil been
planted. The Michigan wheat crop prom
1858 10 equal the heaviest yield in thai
>tace.
Bright Side of Crops.
Tie spring wheat crop is promising fine
Y, and is up six or eight inches, with favor.
ug conditions. The Pacific COAST wheat
rop now promises to be about $4,000, 900
,uskels snort of 1884. The first carload OF
California wheat has reached San Francis
20, the earliest on record, and sample lot
sold at Sl.42l.
There is no reported improvement in the
prospect for wheat in Illinois, Indiana or
Ohio No. red at New York closed at
81 OF, against 81 a week ago Indian corn
has been moderately steady. Incrsasinp
shipments East prevent much advance.
Planting generally has been in excess Of
1884. No. 2 mixed closed at 53c, against
sc on May 29. Oats have been relatively
frmer. hut closed at 3ilc, against Bic for
cash. Flour is of about 25c per barrel on
the week. The Western output continues to
decline The repors of stocks of -four in re-
csivers' hands at New York shows 227,090
barrels against net l36 900 May l, aud
22l 600 barrels January last Spring wheat
-four stocks here have increased nearly too
and winter over so per cent since May |.
The movement of grocery staples has
been fair. Sugar is weak and lower,
Coffee is barely steady. Dairy products are
depressed and at times almost panicky.
There we're I62 failures in the United
States during the past week, as compared
With l6l the proceeding week, and with 1872
l45 and 100 respectively in corresponding
weeks of 1884, 1888 and 1882. About g.
per cent. we're those of small traders, whose
capital was less than $1,000. Canada had
%, an increase Of 4.
Wool.
BosToN June 6.-The wool market is in
its usual between season condition of dull.
ness, when the country becomes almost o.
greater importance than the city. Price.
remsin here with no quo,sble change, bu;
suy pressure to sell would necessarily have
10 oe accompanied by concessions. Hold
ers are, however, firm, as they clu day
by day see more clearly thsr their
supplies can not be replaced By
fresh purchases in the country
except at sn advance upon the present sell.
ing prices. The total receipts of wool at
this port during the past week comprise
$500 bales domestic and $40 bales foreign,
sgainst 6.l29 bales domestic and l.52l
bales foreign for the same time last year
The total receipts since January |, 1885,
oornpviaa l11 O01 halas dom ssfic and -
s27 bales foreign, against g. $50 bales do
nestle and 63,5O5 bales foreign for the coz
responding period of 1884 Ths sales f.,
the week comprise 1905. 800 pounds OF do
mestic fleece and pulled and $1,000 ponds
Of foreign, making the weeks transactions
Eoot M .954, 900 pounds, against 2SIt Dol
aud 20T9 600 pounds for the two preTioas
.u..Lal t-ansactinns Va shanA ana.. th