The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-03-09
CONDITION OF TRADE.
II. @. Dun & Co.'s Weekly Review of tho
State of Business,

h' G' Dun u CO.'S weekly lteVleW OF thC
State OF business.
NEW YoRx, March S.-R. G. Dun &
Co.'s weekly review OF trade says: The
failure Of an important iron establish
ment has spread, atleaSt for the moment,
a feeling Of increasing confidence which
seems to have been due less to any in
crease in demand than to decrease in
pressure to sell. At Pittsburgh prices
were little better and at Philadelphia
and New York more firm without ad-
vance. But the Reading failure has SO
changed the feeling that buyers are like
ly To be conservative.
In bar iron and plate there is no i'm.
provement; rails arc unchanged; nails
arc weak, and the market for structural
iron Is slow. The coal market isso de-
spondent that meeting OF the compa-
MES Is expected next Tuesday, 1t Is said,
TO reduce the schedule Of prices. But
actual sales are reported about 80 cents
below the schedule already. The mar
ket for bituminous coal is dull. The
copper syndicate is supposed TO have
been much relieved by consent Of the
American mines 10 reduce their output
10 10 to % per cent. In February, how
ever, the syndicate had 10 take 10000
tons, while the sales were only 1907 tons
and an outlay OF 81, 900 per month,
estimated, prove trying. The price OF
copper here declined 152C for March, but
fluctuations at Boston were severe. In
tin there was not much change. Lead
Is active at 81 cents.
OIL has risen q fraction, but coffee has
again been advanced nearly cent 10
10 cents, and the market for pork pro.
ducts is stronger, with mess pork 80
cents higher at sic 80. After declining
sharply 10 sac, a fall OF Sc, wheat rose
10 OGC on Thursday, but declined q half
cent Friday. But on Thursday there
was quick advance. Corn and oats
have risen a half cent each, with but
moderate transactions. The price OF
cotton has been maintained. Reports
from Cuba helped an advance OF 3.lBc In
raw sugar, but leather Is again a shade
weaker for some grades, and tho tone OF
the wool market Is depressed by con.
seryative demands Of manufacturers and
reports that the spring clip Is likely To
show an increase Of 20 per cent. The
dry goods market has been irregular.
Reports from interior towns generally
indicate improvement In the volume Of
business and In the demand for money,
which ID still, however, In ample supply
al nearly all points for Legitimate de.
mands. The reports oi slow collections
continue. The rate Of foreign exchange
remains unalLered though money hero
has been rather deafer. During tho past
week tho treasury has taken In only
100000 more than II has dlsbursod,
The stock market has been dull, irFegu.
lar aud somewhat depressed, but trans.
actions have be9n mainly confined 10
the traders on the floor, and tho hope
Of success In organizing the Interstate
compact still BnstAins holders. Tho
general average Of prices for Commodl.
Ties has declined during the week about
q third Of one per cent. The business
failures number 2Sl, aB compared with a
total Of 232 last week, and 2T0 the Weel,
previous. For the corresponding week
Of laAt year tic figures were 1858.