The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-11-15
RHE TREND OF TRADE.
Effect Of the Panic on the Cor
dition Of Business.
ENCOURAGING SITUATION. N
Despite tho Events Of tho Past Week.
Collections Reported Easy...rhe
General Outlook Through. 4,
out tho Country. x.

NEW YORK, Nov, l4.-R. G. Dun &
Co.'s, weekly review OF trade says !:
FThoso who have long expected severe
reaction In the stock market have now
seen the average OF prices thrown by a
lower point than has been touched at
any other timc for more than four years.
1t remains the fact that the legitimate
business throughout the country is tho
largest ever known, not much inflated
or endangered by speculation, and 60
far sound that complaints in regard to
collections have been much fewer than
usual. The check now sustained may
not improbably produce some shrinkaee
in transactions and diminution OF prof
It's, but the industrial and commercial
conditions have been 80 favorable that
speculative disturbances are the less
likely to affect general business se-
riously. = &
Reports from other cities show that at
most points the events tn Wall street
have had little or no effect rs yet, Al
Boston transactions have been somC-
what limited and money is firm at high
rates. Wool sales are smaller, but moro
activity is expected with the opening OF
the heavy goods season in December.
At Philadelphia money is tight and little
commercial paper offered or selling,
WOOL manufacturers are buying more
literally, with slight advance in some
grades. at Chicago money is,actiye at
! 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
a slight lose is seen in dressed beef, but
ter and cheese, and heavy loss in hides,
but liberal gain In wool and lard, while
trade in dry goods, clothing and shoes is
much larger, with satisfactory collec-
tions.
No other western point shows disturb.
ance in trade, though money is generally
close. At Cleveland money is tight, col
lections satisfactory and trade good, ex-,
ccpt for clothing. Southern cities make
good reports. Baltimore reports all
business healthy, mills running full and
trade brisk, with satisfactory collections. +
- ~ i'oA output 4NOfcluDeT L Nhb j 4 :.
9oS tons weekly against 170, 1858 October
!, and considerable decrease in produc.
ton is expected il prices hold. The de-
mand for manufactured products is now
distinctly smaller, and In railway sup
plies decrease is foreshadowed by fnan-
cial troubles. The coal trade Is dull,
holders trying to realize October prices,
and the high price OF coke causes com.
plant. " u :.
BreadstufIs are lower, exports in Oc.
tober showinga heavy decrease. Wheat
ialls i've cents for the week, corn two
and one.half cents and oats nearly two
cents. Pork products are steady, cotton
and coffee unchanged and oil is five and
quarter cents lower. The Treasury has
put out 100000 more silver notes, but
taken in 81 ,400, ,0G0 more of other money.
Its otter to buy bonds being Ineffective
While exports of products were enor..,
NOUS in October, they have fallen
twelve per cent below last years for No.,
yember TINS far a. New York, but a;
larger excess over imports fails TO affect
the money market, since the movement:
OF securities this way is large. 1t is not
to be forgotten that tho demand for
money is largely due TO the unprece-
dented volume OF business thus far. -t3
Tho business failures occurring
throughout tha country during the past
seven days number 2GG as compared
with n total Of 215 last week, For the
corresponding week OF last year the
figures were 265, F5z''g,s n n