The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-06-13
THE BUSINESS WORLD.
The Weeks Review Of the oondi-
ton of Trade.
CREAMY IMPROVED DEMAND.
and the Outlook for the Future
Brlshtening...The Wool Market and
the Dry Goods Trade.-Anti-optton
Bill. Railroad EARNINGS "a new
Tinplate Machine.

Bradstoera A.
Special kilograms to BradstreefS from
leading trade eenters show that, aside
from moderate improvement in the
demand, increase in volume Of business,
and Frightening of outlook reported
from st. Louis, Kansas City, St. oseph,
Omaha, Chicago, Duluth, St. Paul and
Minneapolis, the only similar return is
from New Orleans, where distributiye
trade.has improved despite high water
in the river, as all creyasses have been
closed except one, which does no great
damage. Tho anticipated gain in,
business at Cincinnati has not ap-
peared, whilefat Memphis, Galveston
and indianapolis trade hangs fire, mer-
chants showing little disposition to
stock up. Baltimore reports that
southern buyers are Withholding fall
orders and buying on the basis Of the
low price OF cotton. Cattle are more
active ut all western centers, and hogs
are in good demand and l0c higher.
Missouri and Kansas report the likeli-
hood OF average wheat crops. Sugar ts
firm, tending higher. Leather and
hides generally are no stronger, and
boots and shoes are dull.
Notwithstanding anticipations Of gold
shipments and d bank failure in Lon
don as disturbing influences, the dull
ness and depression in Wall street early
in the week changed to activity, with
advances during the past few days. The
most tangible cause for a change ts in
the indications that tho finances OF the
Northern Pacific company arc to'be put
upon better basis. Gold shipments
for the week aggregate $l,900,00Q. Sill
yer has had a sharp advance and reac-
ton on foreign buying for India ac-
count. kilograms from thirty cities to
Bradstreet's showing rates Tor call and
time loans with rates OF exchange on
New York bring into strong relief tho
dullness in domestic money markets.
Some national banks at New York are
reported anxious to reduce the rate OF
interest on country bank deposits, ow-
ing to inability to secure employment
for funds.
Gross earnings for May reported to
Bradstreet's by companies operating
$1,000 miles OF railway aggregate $780,
$4,000, gain over May, 1891, OF only
20 per cent. and triaemore than 3 per
cent. as compared with May, 1880. Total
earnings foriive months are sos, 526, 900,
or z per cent. more than in 1891. The
ratio OF grain monthly, this year over
last, has been steadily declining OF late.
Heaviest increases naturally are found
among the grangers and central western
lines.
Special cable advices to Bradstrset's
indicate thatstocks OF available wheat
in Europe, with total quantity atioat
therefor, aggregated OH June l 1896
0t0 bushels, or quite as much as on
January l last, while in the United
Sites and Canada total available stocks
have decreased sc, SOC, 900 bushels since
January /. European, ahoat and Ameri-
can available wheat stocks June !
amounted to 100, 40, 900 bushels, 10000
600 bushels more than one year ago,
100000 bushels more than two, anu
9S000,000 bushels more thSpthreeyears
ago. More European and American
wheat was available, as above, on June
j than at any date in the whole OF 1871
Exports OF wheat and -four from both
coasts OF the United statel this week!
as wired to BrudamtS equal 3,052, 797
bushels, against 1901, AGA bushels in the
week q Wear ago and 9, S9l $3.50 last week,
Shipments from Montreal aggregated
4OS.497 bushels, besides $500 barrels OF
-four Out OF the S,052, 797 bushels sent
abroad from the United States the
equivalent Of 100000 bushels went
from New York. There were no ex-
ports from Pacific ports.
A prominent representative Of the
Pittsburgh iron and steel industry
writes BrddstHefs that "wages are still
paid on basis OF l4c.," and, therefore
''are out OF all proportion With the t0c
base, and less at which bar iron has
been selling for a year" It is added
that wages, therefore, must bear ~
share OF the burden, or the iron trade
will suffer. The readiness with which
this view is accepted will determine
very largely how long the present de
preston will last" These words arc
significant, in view of western iron
makers demands for reductions O
wages of from II to 25 per cent, ant
Tie present outlook Is for contest be
tween them and the Amalgamated lror
and Steel Workers. Iron and steel gen
orally arc as low and dullas ever.