Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1889-03-16
A REVIEW OF TRADE.
A GENERAL COMPLAINT OF sLOWNBSS IN
COLLECTIONS.
The Great Fall in Prices Of Copper Nails Show No
Improvement and are Dsmoralizsd-Grain
es-MOnsy in Ample Supply
Movement Of Prices.

NEW YORK, March 15.-R. G. Dun &
Co g weekly review of trade Gays; The
great fall in the price of copper from about
so to 80 pounds per ton at London ap-
pears to have come to stay. Liquidation
is confessed necessity at Paris, and con-
eumers in this country are looking for
much lower prices when contracts run out
in June. The monty report of iron fur
naces in blast, contrary to general expects-
tions shows slight increase in February,
the output reaching 1875 tons weekly
Morch l, against about los, 500 last
year. The market for bar iron is
pronounced the poorest for many years,
the demand for car building and kelp iron
has fallen off to almost nothing, and while
there is more demand for plate iron, and
the movement Of pipe is fair for the season
structure iron is gloomy. Nails show nc
improvement and are demoralized, and
steel rails are quoted at S27 30. Sales tC
March have been $50, $50 tons, and deliv'
cries 142, 767 tons, and makers decided not
to increase the allotment
The government report showing 112,
600, 600 bushels of wheat in farmers hands
is regarded by operators as an argument
for lower prices. With the visible supply
of 80. 600 900 bushels, there is thus in
sight about 1000, 900 bushels more than
will be required for food and seed until
July 1st, and there is besides large stock
on the Pacific coast, in country elevators
aud in the hands of traders, not included
in the visible supply and probably more
than the ordinary stock Of flour on hand,
the winter having heen open. When
| it is considered that the
ordinary stock of flour would
probably exceed 100000 bushels Of
wheat and that last year g exports of wheat
and -four from March 1st to July 1st, clver
but 2s, 600, 600 bushels, the prospects OF
scarcity seems remote. The price has
fallen four cents for the week, with sales
of 65, 900, 600 bushels here. Corn is one
cent lower and oats a quarter. Pork pro-
ducts are unchanged. No change appears
in coffee, and but fraction in oil.
The etock market has been weak and
prices nave utCllutu I'll hNcIhkc vi " PC
share, with considerable selling by foreign
ers, perhaps occasiOned in part by fears Of
disturbances at Paris, there was increased
disheartenment as to railroad prospects.
The reports from the interior this week
almost uniformly indicate some important
business, though the complaint of slow
collections is about as general as before.
There is improvement in leather, liquors,
groceries and cattle. Money at all interior
markets remain in ample supply. On the
whole, while the improvement in trade is
slow and narrow, it is clearly helped by
the failure of wheat and copper specialties,
and by the movement Of prices toward
lower level.
For the week the declines in averages OF
prices of commodities has been nearly half
of one per cent. The business failures
number 261, as compared with PSI last
week and 232 week previous. For the
corresponding week of last yAAr tine dGurAa
we're 228.