The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-11-22
7HE STA7H OF TRADE.
Business Not Effected by the
Stock Excitement.
THE PRICES HAVE FALLEN
On Most Comm oditics, but tho Gen.
oral Average Z Per Cont Above
tho Same Date Inst Year.
business Failures, q,

NEw YonK, Nov 2l.-R. G.. Dun {
Co.'s. weekly review OF trade says
With the largest commercial bankin,
house in Great Britain turned over te
the Bank Of England, with several large
stock failures hare. and ono at Philadel
phia, and some saving banks besieged
by Ignorant depostors in q panic, the
legitimate business Of the country has
hardly been effected at all, as yet.
stringency has checked some buying;
difficulty OF making foreign exchange
threatens to retard movements OF cotton
and more conservative temper Is seen
in trading, but everything thus far in.
dicates rounder condition OF legitimate
business than many supposed. The col.
lapse OF many great speculations has
brought heavy losses, but the public has
not been taking much part in such oper.
asions. 1t may be hoped that financial
institutions, forced at last to drop specu.
lations, which absorbed enormous capi.
tai, will have more available capital al.
ter the storm has passed for the use OF
industry and commerce.
British Losses by the shrinkage in
South American stocks, Eitrstes, Cedu.
las, and South African securities, are
estimated at $3.50. 100000. The deprea.
slon in American stocks since last
spring has involved a loss OF more than
$2OO, 100000, and In wheat aud other
products losses have been heavy. But
the number Of failures up to this time
has been smaller than was appre.
hended. While money markets are
generally tight, there is atill no unusual
complaint as to collections, though re.
newals and rediacounts have been large.
The volume OF business continues to ex.
coed that Of any previous year at all
clearing houses outside New York
about 1Sl per cent for the month thus
far.
Prices are yielding, which will help
exports OF products. Wheat has fallen
! cents during the week, corn about 2
cents, and oats q cents. Cotton has
fallen Of a cent, coffee ] cent, oil 4;
cents, pork Is cents per barrel, and hogs
50 cents per 100 pounds. Sugar is also
an ! Of cent lower, tin is dcmora!ized,
lead weaker, and no takers, as reported
for copper, at lG} cents. The general
average OF prices has fallen / cents this
month, but is still about 7per cent taboye
that Of the same date last year. The vol.
ume OF currency in circulation out.
side the Treasury is now over
Sl,5oo,o00 against l,+l5.000 n year ago,
but there are very few interior markets
at which more or less stringency is re-
ported. Baltimore, Pittsburgh and Gal.
weston are exceptions, being well sup.
piled. But at Chicago and most other
points, while the demand is sharp, no
trouble is reported. The South is noy-
ing the largest crop OF cotton ever gro wn.
Baltimore notes no disturbance because
OF eastern troubles. Pittsburgh notes
fair business at all mills, no change in
iron or steel and good trade in glass. OF
the great centres, Chicago fares the best,
feeling eastern troubles little.
The dry goods trade equals last year,
and the trade in clothing and shoes is
ending profitable season. At Phila-
delphla money is tight and commercial
paper almost unsalable. In produce
trade is fair, though collections are slow.
On the whole, the commercial outlook
is decidedly more favorable than might
haye been expected. The producers Of
finished forms OF iron and steel ere gen.
orally well occupied, aud prices do not
decline.
The business failures occurring
throughout the country during the past
seven days number 274, as compared
with 2G6 last week. For the correspond
Ing week OF last year the figures were