The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-07-03
THE PULSE OF TRADE.
\ aENERAL BvsINnss REVIEW
OF tho Country Good Outlook for the
Aatunn-woOl Price. Reach the Limit,
An Analysis of the Failures for the
Past Six Months, -CompSsisops,,

NEW YoRK, July Especial kilograms
to Bradslreet's this week while reporting
general trade as reasonably quiet and
without special feature, mentions very
hopeful feeling among merchants as to
the outlook for the autumn, Money Ia
less active at Kansas City, in fair request
at Milwaukee and active at Chicago and
st, Joseph, Mercantile collections are
materially improved at St, Louis, Kansas
City, Milwaukee aud Cleveland.
In the New York stock market besides
disposition on the part Of the cllQues to
suspend operations over July 4, there Is a
more pronounced bearish tendency grow
ing out OF the ireight-rate war, in which
the granger roads are engaged, the large
exports OF gold and the sudden advance
in rates for money, bonds Of all classes
were dull Investments and governments
firm. Money on call was quoted on Wed,
nesday and Thursday as high as eight
percent, but the generality oil loans aver
ages four percent, On Friday rates had
declined to two and half and three per-
cent, Exchange was firm, and $S,600,000
Of gold was engaged for shipment. Com
merClal paper is dull.
THE WOOL MARKET,
The interest In wool has receded from
the central Western States to Montana
aud Wyoming, and where prices are held
above with those ruling Eastern markets.
The clip east OF the Mississippi 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 On.
couraging, all advances In cotton goods
having been well maintained and stocks
being light.
The pig iron market is unchanged as to
price, Mill irons are dull. Steel rails are
strong at the low prices quoted, and the
mills are full OF orders. The low price OF
Engllsh rails exercises q depressing in
auence.
Wheat prospects, aside from Wisconsin
and Minnesota, are for a fair harvest.
Estimates vary from 43OOOOO0O to 4O5,.
600, 900 bushels. The foreign wheat pros.
peCLs are less favorable. BrddSlreets re-
ports OF stocks OF wheat east OF the Rocky
mountains July | aggregated 5000, 900
bushels against O3,OOOOOO three months
ago, and on the Pacific coast 100000
bushels against 100000 April /.
Petroleum tends lower, but Is very vari.
able under conflicting news.
Lard has been materially advanced by
speculators.
BradStreet'S cotton report shows that
heavy rains have injured the growing
crops, so that the condition may be classed
as fair only, against good one year ago.
Spot cotton has been more active and
higher in consequence.
THE FAILURE RECORD.
The total number OF failures in the
United States reported to Bradstrcst's, for
the six months Of 1885, is 5,4Gl, against
O,1OG in 1885, 5,444 in 1884, and 5,296 in
1883. The total liabilities are $685. 900,
against $8S,570,000 in the six months OF
1885, $l3,24O, 400 in 1884, and $73 3540, 900
in 1888. The assets aggregated $50 500, 900,
against $32, ,955. 900 In the six months OF
1885, $40, ,03O,000 In 1884, and $50 SS7, 900
In 1888. The percentage OF assets 10 lia-
billties this year and last Is 4s, against 55
in the ak months Of 1884 and "a in 1888.
The monthly statistics OF sugar stocks
show q reduction In the visible supply
standing at 1905, ,l75 tons against 1,420 247
tons last week, but they are still heavy
compared with year ago when they were
,22S, ,50S tons. This with fair crop out
look checks any advance.