Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-07-07
TALK HARSH WORDS,
TRADE THERMOMETER.
Dun 4 Co.'S Review of business During
the Week.

Nsw York, July 5.-R. G.. Dun y Co $
weekly review of trade: With the begin
ming of new fiscal year we have heavy
disbursements and easier money, better
crop prospects, and a continuance OF larger
trade for the season than has been seen IN
any previous year. At the same time u Is
10 be admitted that there seems 10 be WITH
in the past week or two a little more than
the ordinary hesitation or slackening
of trade 40 the arrival Of midsummer ana
confidence In the future as affected bN leg
islation is rather less strong than u was
fortnight ago. Monetary apprehension
excited by exports of gold have been alidlcl
bythe heavy disbursements Ia dividends ANA
interest said 10 be the largest ever made al
this season and exclusively of government
PAYMENTS. estimated az ij.OOO,OOO against
81 10000 last year Foreign adviceS and
rates Of exchange do not al present lndi-
cate any danger Of serious drain from
abroad and the Interior markets are all
firmly supplied al usual rates. The volume
Of trade shown by the clearing house re
turns az all cities outside OF New YORK Is
! l41 per cent. better than last week. Fail
urcs have been fewer on the whole and la
bilitics OF firms failing. slightly smaller
than I'M the first half OF asst year. Railroad
earnings thus lar reported for June. show
gain of about 10 per cent. over last
wear. Nothing has occurred to make
the prospects regarding legislation more
definite The demand for raw wool
is scantv. prices tending downward IN spite
Of the smallncss Of stocks on hand. The
iron trade is more steady but rather dull.
The mileage of railroads built this year IS
estimated al ], 900, against ]. iSO Tor the hrst
half Of last year, and a total OF b,OOO miles
for the year is expected, but this does not
90 far toward providing use FOR the greatly
increased supply of pig iron. Leather IS
firm at all leading markets. and activity IN
building still renders lumber and other
materials i'm active demand, while Anthra-
cite coal is shade stronger.
Wheat has been sc higher, the visible
supply having been diminished, but those
who claim that much less than seventy
million bushels Of surplus has been brought
over to the new crop year, are compelled
TO dispute the correctness Of the official and
only information of last year yield. Corn
has been a shade stronger, but oats are I'M
changed. Pork products are steady, but
raw sugar IS a shade lower Oohec HAS
grown steadler.
In general speculative markets have been
rather inactive and the level of prices for
all commodities July lst, though shade
lower than week ago or January ST is
fully two per cent higher than at same date
last wear. The future of speculation and of
the money markets depends largely upon
the measure of activity developed in move
ment of crops and in the branches OF trade
which full crops stipulate.
In all the reports received there IS no
complaint of collections and the confidence
in large trade-the fall is almost universal,
though it is recognized that an increasing
volume of business has not of late brought
a corresponding increase in profits.
The business failures occurring during
the past seven days as reported number lyJ
as compared with 201 last week. For the
corresponding week Of last year the figures
were 20!.