Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-06-29
REVIEW OF TRADE.

4A't A'lN4utNS 'httpOk ana INC lhiNsNI
and agricultural Interests of the Coun.
t:y.
NLw YoRS. jane 27.-From the leading
business centers, reported By telegraph to
Bradstreets 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 of general merchandise moving
is made I'D 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 a more confident
and hopeful view of the nearby future,
while at New \ ork the reverse is true.
Cotton and wooden men in all directions
are inclined 10 regard the outlook as OPP
posed to a revival and their com plants 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 iob5ers, 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 and prospects Of crops at the
South.
Hammerius the Wheat Market.
There is an evident disposition on the
part OF a 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 jO,OOO,OOO
to 10000 600 bushels shortage in wheat,
vet with quite moderate exports, q visible
supply which refuses to decline materially
and potent bear crowd, wheat prices are
held down. No. red closed yesterday at
81 OC4, against 81 Oh o week ago. There
are reports of a 2,O00O0O bushel increased
production on the North Pacific coast,
and one-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, out the damage thus tar is inconsidera-
bic Indian corn is quiet closing az j3f
cents. against So cents last week Flour
is very dull and when sold, is lower. Hog
products are moving of quietly in large
quantities, ont the market is without lea
tmc Iron IS very quiet and unchanged.
There are no reasons for expecting radl-
cal Improvement soon. Coal is more de-
moralized as to price than ever, and buy
ers 90 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
bulfsh influences which have been visible
since January !, but which have hitherto
been ignored. Certificates have advanced
81 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, and some buying IN
under the rule for the more reckless o.
their number has been done.
The wool market at Boston has been
more active, but prices are unchanged and
are likely 10 remain so while manufactured
goods are so cheap. At Ihlladelphla IN
Quiries are better, but no buying to speak
of IS 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 lO7-l6 cents, the same as
last week. Grocery staples have beer 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 Isl failures in the United
States during the past week, as compared
WITH 40 the preceding week, and with 1873,
l6J and 1913 respectively in the correspond
ing weeks OF 1854, 1883 and 1852. About
II per cent were those of small traders
whose capital was lest than $1,000. Canada
had 20, s decrease of ;.