The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-11-02
THE OUTLOOK CONTINUES GOOD.
Il. q, Dun 8 Co.'s Weekly Reyiow-An I'D
couraglng Situation.

NEw YoRI, Nov, 1,-R, g. Dun & Col
weekly review Of trade says; Money
has been'working closer during the pasl
week, falling to per cent last Saturday
but then rising steadily 10 0 per cent,
even more being offered in some cases,
Itdoes not appear that the change has
any other cause than the demands from
the interior, which continue later tbjs
year than usual, and on account Of great
business activity is unusually large.
The foreign situation has not essentially
changed, the Bank ot England having
gained 81 l,640, 100 for the week, while ths
Bank of France lost S5s0,00O. There Il
serious evidence OF an Important move.
ment OF securities other ways, but thp
sale Of Minneapolis Flour Mills and
Northwestern TO an English syndicate
for So 250, 900 Is q sample OF many In,
dustrial operations In progress which.
in the aggregate, bring vast amount ol
foreign capital into the country,
The volume OF business continues
very large, though signs OF reaction be-.
gin To appear AZ some OF the large cen,
ters Of distribution. THUS the gain OF d
per cent In exchanges at New York lusi
week was due 10 stock operations, and
the clearings at Boston fell below lasl
years, Prices are stiffenIng, though the
general level has advanced scarcely a
quarter OF one per cent In two weeks.
In the speculative markets there has
been more activity, and, except in pork
products and coffee an advance, These
changes call for more money in the
movement OF products, and building al,
terations are more frequent In many
cities, Liquidation in trust stocks con.
tinues, particularly In cotton oil, which
have been heavily sold at severe de.
cline. But railroad stocks have been
very stubbonly held and average In price
almost exactly as they did a week ago,
For the present the visible tendency
toward consultations, the holding Of
securities and the traffic In progress, Is
large and profitable. Speculation on
breadstutis has advanced wheat l K; aud
corn cents on sales OF %, 600, QUO and
100000 bushels respectively, but ex.
ports do not increase. OIL has advanced
80 centsj oats and cotton 1, not.
wlthstanding per reports continue larger
than last year, both receipts and exports
showing gains OF 10000 bales for the
week, Coffee has declined quarter
upon larger crop estimates from Brazil,
The sugar market is only nominal and
prices Of refined are not well maintained,
Iron aud steel in all forms are in great
demand and firmly held, with q shade oi |
advance in bar iron aud nails, but the
feeling Is expressed that Improvement
has been too rapid to be maintained, and
some reaction is deemed possible.
The accounts from other cities are
unusually encouraging. Chicago reports
money becoming tighter, because oi de-
lnands, but no approximations regarding
the immediate future in active trade ii
dry goods, wool and hides.
Dizziness In clothing and boots and
shoes Is reported in Pittsburgh. Window
glass has been advanced 10 per cent, and
u rise In coal Is expected. Iron products
are firm. AT other points trade is full
and active for the season, with scarcely
an exemption,
AT Detroit the ship yards have good
vuuu"utA anu IlauulNctufiuk WORKS arc |
fully employed. In general, the outlook
continues good, though at some points
the monetary situation is for the time not
entirely Ratisfactory.
Tho business failures ior the last seven
days nutnher, for tue United States, 220,
and Tor Canada 50, or a total Of 28l, US
compared with total Of 225 last week,
and 223 the week previous to tue last
For the corresponding week last year the
figures were 243 iailursa in the United
States and SO In the Dominion Of Canada