Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-11-15
BUSINESS REVIEW.
THE FURRY IN WALL STREET DOES NOT
AFFECT THE COUNTRY,
Where the Volume Of Trade IS the Largest Ever
Known-lt is Not Inflated or Endangered by
Spscnlation-Chesrfal Reports From All
Commercial Centers.

New YORK. November 14.-R. G.
Dun Il Co.'S weekly review Of trade
says: Those who have long expected
severe reaction in the stock market
have now seen the average OF prices
thrown to lower point than has been
touched at any other time for more
than four years. 1t remains the fact
that the legitimate business throughout
the country is the largest ever known,
not much inflated or endangered by
speculation, and so far sound that COM
plants In regard TO collections have
been much fewer than usual. The check
now sustained may not improbably pro-
duce some shrinkage in transactions
and diminution Of profits, but the In
duStrial and commercial conditions have
been so favorable that speculative dis.
turbances are the less likely to alIcc,
general business seriously.
Reports from other cities show thai
at most points the events in Wall street
have had little or no effect as yet. Al
Boston transactions have been some
what limited, and money is firm at higl
rates: wool sales are smaller. but NOR,
activity is expected with the opening o.
the heavy goods season in December.
AT Philadelphia money is tight anC
little commercial paper offered or sell
ing: wool manufacturers are buying
more literally, with slight advance il
some grades.
At Chicago money is active at sever
per cent, but country banks are send
ing in funds for investment and eastern
disturbances are little felt. Grain re
ceipts and cured meats equal last years
q slight loss Is seen in dressed beef, but
ter and cheese, and heavy loss il
hides, but liberal gain in wool and lard
while trade in dry goods, clothing ant
shoes is much larger, with satiSfactor!
collections.
No other western point shows dis
turbance in trade, though money i
generally close. AT Cleveland, none.
is tight, collections satisfactory ant
trade good. except for clothing. South
crn cities make good reports. Balti
more reports all business healthy, mill
running full and trade brisk. with salts
factory collections.
The iron output November /, Wa
177,95s tons weekly, against 1922
October l, and considerable decrease il
production is expected if prices hold
The demand for manufactured pro
ducts is now distinctly smaller, and il
railway supplies decrease is fore
shadowed by financial troubles. Th'
coal trade is dull, holders trying to re
alizc October prices, and the higl
price Of coke causes complaint.
Breadstuffs are lower, exports in Oc
tober showing a heavy decrease. Whea
falls cents for the week, corn >
cents and oats nearly > cents. Porh
products are steady, coffee and cottor
unchanged and oil is -. cents lower.
The Treasury has put out SGO0,c0C
more silver notes. but taken in Sl,i00.
600 more of other money, its offer Il
buy bonds being ineffective. While eX
ports Of products were enormous in De
tober, they have fallen Il per cent. be
low last year for November thus far a
New York. but larger excess over i'm
ports fails to affect the money market
since the movement of sceuritie- thi'
way is large. IL Is not TO be forgotten
that the demand for money is largel!
due to the unprecedented volume oi
business thus far.
The business failures throughout tho
country during the past seven days
number 2GG as compared with Il total OF
2l5 last week. For the corresponding
week of last year the figures were 26j,