West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1886-12-16
A BRISK WEEK.
IMMENSE DEALS IN STOCKS, Pfl.
TRoLEUM AND GRAIN.
The Drop in Naiaos-tnCrcsscd Pro-
ductton Of Iron--Impofts and
Exports OF Gold and
Siivcr-Thc Weeks
ENilareA

Messrs. u q. Dun Il Co, In their weekly
1eV!ev OF trade, say; a January thaw'
came Ia the markets las week, In oil and
niiniuk stocks, freshgt which continues
m railroad stocks ard grain, a dis.
yreeabls softuess, though the tone
In now moro confident. London Luyiug nil
'tifrens stocks, aud the rise In silver, caused
by French coinage for Tonquin. helps grain
md has started tls speculative fever in cot,
ton. Stiffness I'm some tnSrssts is balance
by hardening of prices in mnst branches OF
legitimate trade, but speculative failures are
numerous in San Francisco, Pittsburgh. Chi
! caso and New York, and to these are added
somo important aud numerous small cnmmer-
/ cial failures. Dealings here were enormous
! "SS ,745, 600 bushes OF wheat, $1,000. 900 i'm
one day; 1901, 750 shares OF stock; ~, ,033 600
barrels OF oil hero and 10, ,00) 900 In ono day It
Pittsburgh; 9o0,O00 biles OF cotton including
ESQ 500 IN one day,
Iron production, d cem6er J. was l2l, ,g0l
tons weekly, against lls ,592 tons November
], and for eleven months has been a. ,ild ,O0l
tens anthracite aud bitumnous, while the
British make falls from 7,25JOCJ tons las,
year 10 6,75O.0O0 es imated for this y, n. Tho
key Of the iron market IL ths sale OF /, ,237. .9Ji
tons OF steel rails for this year, OF which tho
record is most significant. No less than 737 .
3i7 went west Of the Mississippi aud 41I 1854
east, s2N 100 tons north, in,udinS 45J,S9J
west OF the Mississippi and 4O3. .s55 tors south
Including $50 4s2 west OF the river. large
sales were made last week at IS dollars, and
pig is now quoted at 20 dollars.
Coal tonnage for the year thus far increas-
ell Is per cent forl anthracite. % per cent.
for bituminous, "a per cent for o)ke over last
year.
Exports we're small last wcok but for five
weeks show an increase OF & 8 pcr cent over
last year against as per cent. In imports,
Gold still continues TO come-I2l 900 dollars
during the week with 100000 dollars more
reported shipped The Treasury took in |.
3)O,tOO dollars gold, put out 9 900, 900 dollars
legal tenders and az O,OG0 more silver certin.
Gates Money is generally reported In good
supply. though the demand is large. Collec,,
tions, generally satisfactory lag in SOM
Southern districts, and hank clearinzs con,
tinue less than last year I'm that section a little
larger ON the whole in New England smaller
at 81 Louis and about the same at Chicago
bat greatly increased at many Western
points.
Wheat had no. climbed far, and had not
far to fall. The highest price reached wa,
0c, against November average OF SIC.
and e4o. In October Corn declined but liz.
tic, and lard &c., PORK products being sus-
tained by decrease Of 3J per cent. In West.
ern packing for half OF November, owing "a
the Chicago strike. Cotton receipts for Tn,
week were Is s27 bales below last year. bu,
5000 bales larger for the season thus far
and the price advanced lGc. OIL collapsed
1c in one day AMI i3s for the week. A cof-
fee speculation begun la Europe, ON account
OF coming short crop in Brazil, lifted the
price full cent.
The rise in cotton has cause but few nd,
vances in goods, but exports have beeH large
Wool Is weaker, prices yiel ling little al
the London sale Ia goods the tone Is general
ly strong, but foreign worsteds are Off sred ai
very low figures. eau ling soma cancsling OF
orders and Smiths tapestry b-uIseIs carpet.
have been re iucei 21<c. The drug trade 4,
growing inactive with Jut loss In prices.
Prices hardening in sugar, spices, t,a and
canned goods. Sugar consumption has in.
creased largely abroad, 1t Is claimed over
taking the supply
The business failures during the last Sven
days Dumber for the Uoited States 2J2. foi
Canada %; total OF 274 against 242 last week
and BIG the week prsviCuI The increise no
ticeable is mainly in the $ Sjuthern States
whore the casualte, are far above the averag,
in number. IL not importance.