The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-04-14
WEEKLY REVIEW OF TRADE
r. @. Dun s Co.'s Report-outloOk Canno
he Called Hopeful.

DC ChLlcu hOpeLms
NEW YoRK, April 1S.-R. G. Dun &
Co. 8 review says: II dullness in trade
were always bad sign the present out,
look could not be called hopeful. AT
only one or two interior points is the
actual business transacted satisfactory
in volume. Nearly all report compare
tive inactivity in the present, with hope
full anticipations, though at several
points considerable slackening oftrade
Is noticed. Money has become tight at
some western and southern points, the
complaints OF poor collections being
much more frequent.
The clearing house returns for the first
week OF April, which included large de-
ferred payments us well us quarterly set
Elements, showed gain OF s per cent
over last year, outside Of New York, but
current transactions do not increase to
that extent, il at all. The inactivity has
caused q yielding in general prices, not
withstanding a slight advance in some
speculative markets. The government
report, showing injury to wheat, was the
occasion of sharp advance in bread
stutfs and wheat is still two cents higher,
though it has lost part OF the gain, and
corn gains also, but oats closed no higher
than a week ago.
Chicago corner in pork bled some
short sellers, but prices quickly reacted.
Cotton is shade stronger, for though
the crop already in sight exceeds the en-.
tire crop Of last year, and the falslty OF
short crop estimates is proved receipts
are now falling oil. Oil has risen 3!c.
Sugar has also gained n fraction, but
coffee is uncertain and by some shaded
to secure trade and teas are slow and
hesitating. Butter is weak. Eggs lower
and beef does not improve.
:. In the dry goods trade there is only Il
moderate business, with some cutting to
secure transactions. Print cloths have |
declined to 81 cents, and the tone seems
weeker for cotton goods generally, ex-
Cept for the most favored makes, In
woolens no change appears, and the
weakening wool market distinctly re-
fleets the disposition OF manufacturers
to confne purchases to present needs
A large sale OF Ohio &N at 20 cents is
reported. The boot and shoe trade con-
tinues more active and cheerful than
most others, and the demand is good
but prices lower. Leather is quiet with
n fair volume OF trade.
The report OF iron furnaces in blast
April |, Indicates slight increase since
March /. The demand is so far salts
factory, but the offering OF southern iron
at $40 to $50 for No. /, and SIG to SIG so
for No. 3, still disturbs the trade. Sales
Of 10000 tons OF steel rails at the east,
and 10000 at the west are reported at
prices, but bar ironis low and
irregular on account OF western offer
ings; wire rods and wrought iron pipe
are lower, and nails are slow, the west
ern association having virtually reduced
rates for all below 20d.
The stock market, after some rise and
stands precisely where it did Il
week ago. Large foreign purchases Of
bonds are constantly coming out, and
there are signs that foreign buying ex-
Ceeds selling, OF stocks. The Treasury |
has decidedly helped the money market
the past week, paying out S2,S00,0OO
more than it has taken in, and foreign |
exchange is unaltered. But the exports |
for last month evidently were much be-
hind last years, the loss being 20
per cent at New York while imports at
New York were but five per cent lower
last month than for the same month last
year, and for the first week OF April show
d heavy increase.
The business failures during the last
seven days number for the United States
200, and for Canada %, or a total Of 222,
as compared with 227 last week and l75
for the corresponding week of last year.