Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-07-03
REASONABLY QUIET.
BRADSrRKET'S REPORTS TRADEQUIET WITH
A HOPEFUL OUTLOOK
For Autumn---Ths Freight War Creates a
More Profound Bull Sentiment in New
YOrk---Ths Iron Msrkst---The
Outlook for Wheat

NEW YORK, July Especial kilograms
to Bradstreet's this week, while reporting
general trade as reasonably quiet and with
out special feature, mention very hope
ful feeling among merchants as to the out
look for the autumn. Money is less active
at Kansas City, in fair request at Milwau-
kee and active at Chicago and st. Joseph,
Mo. Mercantile collections are materially
improved at st. Louis, Kansas
City, Milwaukee and Cleveland.
In the New York Stock
market, besides disposition ON the part of
the cliques to suspend Operations over July
4th, there is more pronounced bearish
tendency growing out of the freight rate
war in which the granger roads are en-
gaged and the large exports Of gold and the
sudden advance in rates for money. The
transactions of the week ending Friday
we're i,153,0O0 shares, against 1ls,OO0
shares last week. Bonds of all classes
were dull; investments and Gov
ernments firm. Money on call
was quoted on Wednesday and Thursday
as high as eight per cent, but the general
ity of loans averages four per cent. On
Friday rates had declined to q to B Ter
cent. Exchange was firm and s., SOC, 600
gold was engaged for shipment. CONNER
cial paper is dull.
WOOL AND DRY GOODS.
! The interest in wool has receded from the
central Western States to Montana and
Wyoming and where prices are held above
with those ruling eastern markets. The
clip east of the MiSsippi has been cleared
up, prices having risen from one to
| three cents per pound within ten days
The tone of the dry goods market Is en-
couraging, all advances in cotton goods
having been well maintained and stocks
being light.
The pig iron is unchanged as to price
Milo irons are dull; steel rails are strong
at low prices quoted, and the mills are
full of orders. The low price Of English
rails exercises depressing influence.
Wheat prospects, aside from Wisconsin
and Minnesota, are for . fair harvest. Esti-
mates vary from 43O, 900, 600 To 100, 900, 600
bushels. Tho foreign wheat prospects
are less 7favOrablc. BradStreet's re-
ports of stocks of wheat east Of the Rocky
Mountains, July /, aggregated $4,000, 600
bushels, against 63, 600, 900 three months
ago, and on the Pacific coast G,OOO, 600
bushels, against 10, 900, 600 April lst
Petroleum tends lower, but is very varia-
BILE under conflicting news. Lard has been
materially advanced by spectators.
Bradstreet's cotton report shows that
heavy rains have injured the growing crops
so that the condition may be classeda as fair
only against good one year ago. Spot cot
ton has been more active and 3-l6c higher
in consequence.
BUSINESS FAILURES.
The total number of failures in the
United States reported TO Bradstrcets for
six months of 1856 is 5,I6l against 6, LOG
in 1885. 5,444 in 1884, and 3 296 in 1883.
The total liabilities are $53, 2l1, 900 against
! S6S. $40, 900 in six months of 1885, Sl3,
24O, 400 in 1884, and 1913, $40, 600 i'll 1888.
The assets aggregated 81, 5O9, 900 against
$50, 955, 600 in six months OF 1883,
Z $40, ,03O,O 600 in 1884, and $39, SS7, 900 in
1898. The hcpercentage of assets to liabilities
this wear and last is AZ against 30 in six
months of 1884 and "a in 1888. The
monthly statistics of sugar stocks show a
reduction, the visible supply standing at
|, 305, 175 tons against l 1,42O, 247 tons last
week, but they are still heavy compared
with o year ago, when they were ], ,2sS, 59S
tons. This, with fair crop outlook,