Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-12-11
DUN'S TRADE REVIEW.
A"JANUARY THAW" IN THE MARKETS THE
PAST WEEN.
A State of Equilibrium ksntained-SOflnsss II
Some Branches Balanced By Hardening In PriuS
In Othsrs-Spsculatvs Failures Num-
suus-A Week Of Furry.

E.h
inc is a trade review for the current week
as compiled by X. G. Dun q Co; A
january thaw" came in the markets last
week; in oil and mining stocks treshet'
which continues; in railroad and grain
disagreeable softness though the tone Is
now more confident. London buying
still stifens stocks and the rise in silver
caused by French coinage for Tonquln
helps grain and has started the speculative
fever in cotton. Softness in some markets
is balanced by hardening of prices In most
branches of legitimate trade, but
SPECULATIVE FAILURES ARE NUMEROUS
in San Fransisco, Pittsburg, Chicago and
Topeka. and to those are added some I'M
portant and numerous small commercial
failures Dealings here were enormous.
81, 745, 600 bushels OF wheat, $4,000, OOO IN
one day, 5,09l, $50 shares OF stock 80, 6o5,-
600 barrels of oil here, and 10000, 900 IN
one day at Pittsburg. F.,
Wheat had not climbed far and had not
far to fall. The highest price reached was
about 9Oc against November average OF
| S5aS4c in October. Corn declined
but little, and lard ah eighth,
pork products being sustained
bv decrease of 50 per cent, in Western
hacking for half November, owing to the
Chicago strike. Cotton receipts for the
week were Is, S29 bales below last year,
but 65, 900 bales larger for the season thus
far and the price advanced hVe-slx-
teenths. Oil collapsed cents in one day
and Is cents for the week.
A COFFEE SPECULATION
began in Europe on account OF coming
short crop in Brazil, lifted the peice full
cent.
Iron production December was 12l, 36l
tons weekly, against llS,592 tons
November /, and for IL months
has been 4,74l, 400 tons OF
of anthracite and bituminous while the
British make falls from 1850, 900 tons last
wear 10 6, $50, 900 estimated for this year.
The KEY of the iron market Is the
soIe OF which 1888, 96l tons
of steel rails for this year, OF
which the record is most significant. No
less than 737. .3O7 went west Ofthe Missis-
sinni and 39l. .654 east, S25, 106 tons north,
including AGO, S25 west of the Mississippi,
AZ. 800 tons south including 2S6, 4S2 west
ofthe river, Large sales were made last
week at $50, and pig is now quoted at $50.
Coal tonnage for the year thus far in
creases Is per cent. for anthracite, 23 per
cent. for bituminOus, and 341 per cent. lor
coke, over last year.
COTTON AND WOOL
The rise in cotton has yet caused but
few advances in goods, but exports have
been large. Wool is weaker, prices yield
ING a little at the London sale. In goods
the tone is generally strOng but foreign
worsteds are offered at very low figures,
causing some caucelling of orders, and
Smiths tapestry Brussels carpets nave
been reduced 2l cents.
The drug trade is growing lnaci,Ve'
without loss III price. Prices are hardeh-
ing in sugar, spices, tea and canned goods.
Sugar consumption has increased Largely
abroad, it is claimed, overtaking the sup
ply.
Exports were small last week, but for
| five weeks show an increase OF So per cent
over last year, against 10 per cent increase
in imports
MONEY.
Gold still comeS-Sl, 2l2, 900 during the
week with 81, 100000 more reported
shipped.
The Treasury took in 81, 300, 900 in gold,
put out $500, 900 legal tenders and S2,OOO,-
| 600 in silver certificates. Money Is gener-
ally reported in good supply, though the
demand is large. Collections are generally
satisfactory.
The business failures during the last
seven days number for the United States
252, for Canada -, againt 2i2 last week
and 2l6 the week previous. The increase
noticeable is mainly in the Southern
states where the casualties are far above