Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-12-04
BRADSTREETs REPORT.
Gain In the Movement of Trade Reported
Confidence In the Future.

Confidence In the Future.
NEW YORK, December SPECIAL tele-
grams to Bradarea's point to moderate
gains in the movement Of general mer-
chandise from Boston, New York, Balti-
more, Detroit Milwaukee, ST. Paul,
Minneapolis, New Orleans and San Fran
cisco. There is no material change at
Philadelphia, Pittsburg, Cleveland, Louis
vile, Chicago, st. Louis and Kansas City.
At most points widespread confidence is
felt in future general trade, notwithstand-
ing noticeable check to the movement OF
goods from first hands in textile and other
lines. Total bank clearings this week at
81 cities show an unprecedented increase
of $262, 100000 over last week
the total being 81, ,26s, TAG, 7s3, against
81, ,006, ,006, sos q week ago, and 81 O97, =
245, $50 for the same week year ago.
Here is an Increase of 26 per cent. over
last week, l6 over like week last year.
Weeks gain at New York alone is SlS4,-
700, 900, or about 26 per cent, due very
largely to heavy speculative transactions
in railroad shares and bonds, petroleum,
and Produce Exchange dealings. Increased
exports also had some influence. Philadel-
phia increased SO per cent. owing TO heavy
gain in the volume of railway share spec
ulations, noticeably in Reading stock.
Boston gain II caused to some extent by
like influences, but that 80 per cent at
San Francisco must be explained by an
outbreak Of mining stock speculative fever,
and 40 per cent at Chicago, largely due to
increased gain in grain, provisions and
railroad share speculations. Domestic
money markets easier. Mercantile col
lections north and northwest are slow.
The New York stock market this week
has been scene OF wild
speculation. In Reading which made
considerable advance on somewhat indefinite
prospect that the reorganization plan will
be favorable TO the stock. Manipulation
on the largest scale seems TO be at the
bottom of it. This gave decided impe-
tus to the market. The weeks transac-
tions aggregated 3, ,SSs, 136 shares against
2, 2,595, 10 of the preceding week, and
l, 1909, So of the corresponding week in
1885. Reading constituted about !, ,010, 900.
Bonds firm advancing in anticipation OF
large demand for investment after January
lst. At the West and South the pig iron
market is quite active. Some Southern
furnaces have left the market owing to
absence of stocks and heavy orders ahead.
During this week wheat options, Chicago
and New York advanced 4@ilc, and spot
&c. per bushel on increasing exports and
speculation and smaller stocks abroad.
Renewed strength is quite pronounced
and the opinion gains ground
that permanent gain in
wheat prices has finally begun.
small stocks and heavier demand, and
wheat flour with better inquiry for ex-
port and reduced production. has been
marked up 15c. per barrel.
Dry goods at first hands remain dull and
steady, except ginghams which tend up
ward. Woolens are only firm, prints :
lower.
Wool is effected unfavorably by London
sales which are of 5al0 per cent from pre-
vious auction prices.
The Louisiana sugar crop now estimated
at $50, 900 hogsheads has been reduced
from previous estimates.
There is more activity in hog products.
Speculative markets are in sympathy with
an upward turn in grain prices, owing to
an increasing outside demand. Pork ad'
vanced 81 per barrel, and Western steam
larn fc per pound on the week. On the
whole, the week was marked by distinct
increase speculation at all points.
The total number of failures in the
United States reported to Brddstreet's this
week show 23S, against POI in last week,
and 2i7 in week one year ago. The total
from January to date is 9,i00, against
10, 253 in 1885.
Canada had 1,179 failures this year
against / ,ls3 last year, and 297 in 1854,