The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-08-07
THE pusINEss or rnE wrRK.
BradstFOeps Report does not IndIeat,
au Improvement,

an Improvement,
New YoRK, August Especial tele
grams 10 BradStTssts this week do not indi
cate any gain in the distribution Of genera
merchandise, The movement Of -four
grain and provisions by rail eastward
from Chicago does not increase in proper
ton to the receipts Of produce, It Il
thought this Is to be explained In part BY
tho increased lake shipments, which have
rendered the lake shipping business more
prosperous than for several years,
Reports Of the earnings OF thirty,fvt
raj ways Tor July aggregate Sl70,O0l 81 In
1886, against $l45,5S7 06 in 1885 by thirty
four roads,
Tie total Of bank clearings at twenty
nine cities for the current week Is $S47,'
420, ,l09, against S747,5s6,67S last week
There has been u noticeable hardening oi
the interest rate at financial Centers owing
to the increased demand from wool, lum'
Der and clothing dealers, as well as to The
advances on grain shipments.
Exceptions are noted at Kansas City
Louisville, Indianapolis and Cincinnati.
Rate cutting at Chicago tended 10 de-
press prices OF railway stock, but the mar
ket is 80 entirely controlled by mRAlpula,
tion that IN upward tendency was speedily
afranged. Bonds were strong and ad.
VauCed generally, Foreign exchange Ia
extremely weak on q better supply oil
commercial bills, Joined to q free Offering
OF stock bills. The total OF bond sales al
the New York stock exchange was $l4,-
600, 900 this week, against $l2, 5000 last
week, Stock transactions aggregated l.
POI 900 shares this week, against l,029,-
800 last week.
The most Significant industrial feature
Of tho week Ia iound in the improved de.
mRnd for hnished iron at Pittsburgh.
Special adviCes are that makers are more
sangulne than for two years past, Prices
are unchanged, but the mills are pushed
TO meet requirements; like reports from
Philadelphia and st, Louis.
Dry goods sales are fairly well sus-
tanned, the aggregate being in excess Of
last year. Oottons are strong at advances,
Prints are less active, but no lower.
Stocks Of llsnnels are light. There is less
doing in raw wool, but the market favors
holders. Prices depend on the results Of
the opening Of light weight fabrics, which
arc not fully known. There has evidently
not been SO general an advance as ex.
peCted, though late London and Antwerp
sales have bsen at full figures.
Latest advlces from the spring wheat
crop are more favorable than previously
anticipated. Heavy receipts continue to
depress prlCes. The damage to corn from
drouth is also less than was recently re.
ported, the probable yield being nearly
900, 900 600 bushels, against l,940,0 900, 900
bushels last year. There has been slight
damage to the cotton crop from
shedding. The plant has improved
in the CaIolnas, Georgia and Ala.
bama. Hot weather has threatened
central and western Texas. The Louisiana
river crop promises to be heavy. The
weather Of late has been unfavorable to
the growth Of the cane In that State. The
price OF sugar has gone to the lowest point
on record, with light demand and with
heavy probable supplies. The tea market
IL demoralized, under large supplies and
heavy eastern exports.
The number ot business failures in the
United States this week was l24, against
l62 last week. Canada had II this week
against % last week.