Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1889-10-26
THE STATE OF TRADE.
MONEY YASIBR AND no SERIOUS DISTURB
ANCB APPRBHBNDBD.
The Movement Of Crops Hsavy-Ihs Volume Of
Trads Par-Irou Crows Stronssr-Ihs Coal
Trade Dull-LiquidatOn in Wheat Con-
tinuss-0ll Has Risen Cents

New YORK, October 25.-R. G. Dun &
Co. e weekly review Of trade says; The
money market has become more easy,
with the prospect that serious disturbance
Il i, sei son is no longer to be apprehended'
The banks are running with narrow re-
servee, and artificial stringency may at any
time be engineered, but the movement OF
crops has hesn heavy. In the natural
course of events the return Of money to
this centre should soon begin. The
Bank of Englank gained last week 81, 27O,-
600 aud the Bank of France $3.50, 900
ia geld. Securities do not appear to
be moving largely either way, while mer-
chsndise exports for three weeks show q
gain OF II per cent over last year, against
gain Of 10 per cent in exports. The rate
of foreign exchange has accordingly de
clined a shade. There is a little more
stringency at Omaha, less at Cleveland,
and active demand with conservative tone
at Chicago, but otherwise the moTkets
west snd sOnth sll report supplies ade-
quste for legitimate needs Collections
are unusually satisfactory at almost all
poiuts, though Milwaukee notes some tar
dinesl, because farmers hold back products
for better prices.
THE VOLUME OF TRADE, FAIR
for the season at sll points, is greater than
year $50 at most, though the aggregate of
bank clesriogs, outside New York exceeds
last years By per CEN. Chicago finds a
larger increase, particularly in dry goods,
while sales of clOthiog and shoes are fair,
Notwithstanding mild and dry weather: OF
provisions larger than last yesr'e, and OF
Grain about the same.
Iron grows stronger. The Thomas Com
pany having advanced its price 81; de-
mand from Canada and from Mexico is
felt, foreign prices being high. Bar Iron
is firm, blooms ard billets feverisb, and
rails are S3l.50 to S32, the orders already
booked for 1890 amounting 10 $50, 600 tons
or more. Copper is eteady, tin shade
lower, here al 20sc, and lead depressed to
S.75 by expectation Of large Mexican sup.
p les.
The coal trade is dqll, and the weeks
meeting have accomplished nothing be-
yond fixing upon 100000 tons as the
output or November; sales are generally
below the schedule; stove at t3.
Liquidation in wheat continues, with
prices 3 cents lower than q week ago, aud
sales Of % 600, 900 bushels here. Stub
born facts, heavy receipts and scanty ex-
ports, weAr out the patience OF those who
have had faith in worlds famine, aud
state official reports indicate larger yield
than those of the department.
Corn ia &c higher, with sales Of So mill
lion bushels, and the export movement
still exceeds last years. Pork products
sre weak, and IN hogs tie decline has
been 90 cents per 100 lbs.
OIL HAS RISEN THREE CENTS,
coffee is unchanged, and sugar Is again
lower.
Cotton continues downward, receipts 6x-
ceeding those Of the same week last year
bS 4O,0O0 bales, and exports by 30, coo
bal5s, ami wh,s there has been touch OF
SNOW in Virginia the dreaded frost in the
cotton States is deferred
The market for securities has been weak
in spite f relief in the money market and
snd aome very favorable reports regarding
particular properties. The traffic arrange
ment between the Union Pacific and Chi
cago and Northwestern is thought TO fore
shsdOw TN abandonment of the sc-cslled
! Presidents Association and an attempt to
secure q more effective consolidation
Earnings are 10l per cent. larger than last
year's for February thus far, hut the Penn
| sylvanie statement for September shows q
very scsnty increase and cGusts disappOint-
meu'. On the whole, the speculative mar
kets are not promising, and are judicious-
| ~ let alone by the public. But the ont
look for all departments Of legitimate b1si-
uess ia more encouraging than It has been
for long time.
The business failures during the lsst
seven days number, for the United States
| 1ss. and for Canada 81. For the CORES.
pondog week laet year, The figures were
222 failures in the United States, and 32 in
the Dominion Of Canada.