The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-02-29
THE STATE OF TRADE.
Bradstreot's Weekly Rovlew Of tho
Condition of Buslness,
IMPROVEMENTS NOTED 1T POINTS
In tho West and NEUTRALITY-SUSPICIOUS.
the Same In tho East-.B usinCss Fail.
urcs Since January 1 Less than for
tho Same Time In tho -Four Previous
Years. Wool Trade. Gold Ship.
mcnts..hgrlcultural Products.
Br1danerG.

There has been some improvement In
tho number OF orders received for spring
goods by western and north western
jobbers and in tho volume OF goods
shipped by them to interior merchants,
as indicated in special kilograms to
Bradareet'S from Kansas City, St. Louis,
Omaha, St. Paul, Minneapolis and Chi
cago, and elsewhere in the region tribn-
tary to those cities. This influence Is
felt Us far east as Cincinnati, where
manufacturers arc moro active, and
there is q better demand for iron and
wool, dry goods, clothing, notions and
boots and shoes. Bad roads are check.
ing shipments Of goods, tho receipt Of
orders and making OF collections in
western Iowa, eastern Nebraska and
northeastern Minnesota. Trade Is only
fair at Duluth ,...where speculation In
iron properties appears t absorb undue
attention. At western live stock CEN
tiers there is o better demand for cattle,
which are l0c higher, but hogs arc in
increased receipt and &c per cwt. lowor.
At tho cast general business remains
about as previously reported. Cotton
manufacturers report q better demand,
and Philadelphia woolen manufacturers
note some gain. Hardware and shoes
and clothing arc moving fairly satisfac-
torlly, but collections rs a rule do not
equal a%nticipations, although it is
doubtful whether tho west US Il whole
has over enjoyed a prolonged period OF
as low rates for money as have prevailed
there. Demand for raw or manuiac-
turcd iron has not gained any and pro-
duction OF the former, so far as learned,
continues at the full. Tho sale Of Mo-
K Allentown pig iron for S14.50 at
Perth Amboy actually took place, Phil
adelphia and other denials to tho con-
trary Notwithstanding. Demand for
anthracite coal is better, but no change
in prices has occurred. Tobacco and pc
troleum remain without feature as to
price or demand. Aslightg gain is noted
i'll demand for leather and lumber.
Business failures in the United States
this week, as wired to Bradstrcd's, aggre-
gate 227, against 2G0 last week and 2lS
in the week n year ago. Tho total Jan
uary l to date is less than in q like share
OF either of four preceding years. OF
tho weeks total SIS per cent employed
5000 capital or less, and 0 per cent,
capital each OF between $1,000 and
$4,000. There were only seven failures
where the capital employed was be-
tween $4,000 and $4,000. only Jour
where it was between $4,000 and
100000, and only one with capital
equal to or in excess Of 100000. Nearly.
100 banks at fifty-eight cities in tho
United States report total clearings thiu
week by wire, exclusively to BrGastree,'s,
amounting to Sl,079, 000, 900, adecreasc
of % per cent on the week, and OF so per
cent as compared with the like week q
year ago. .
Wool has sold moro freely ut the
east, but as n result OF lower prices.
Good orders for cotton goods have been
received at Boston from the west. There
is no accumulation OF print cloths.
Woolens and worsteds are in only fair
demand, but carpets arc firm at the adj
vance Raw cotton has dropped another
1-lGc on continued large movement
from plantations. General trade at the
south is being conducted on i very con-
sentative basis. Orders arenot received
freely, and jobbcrs arc cautious in the
matter OF pushing sales.
The fear OF gold shipments has check
ed activity in the share market. The
dullress OF speculation has, however,
not been accompanied by decided veal
ness, prices being supported to some ex-
tent by renewed foreign buying. and
later on by tho favorable sentiment
aroused by rumors OF an international
silver conference. Tho fact that local
sentiment in Pennsylvania shows n
tendency 10 favor the leases of other
roads to the Reading is accepted as IN
indication that the proposed inyestiga-
ton by the states law officers may not
result in actual interference with the
combination. Foreign exchange de-
clined slightly at first on decreased
inquiry, but was stronger at the
close OF the week, it being understood
that Germany was Offering q premium
Tor gold with n view 10 inducing ship,
mcnts. On Thursday end Friday the
engagement OF S ,250,000 OF gold for cx-
port was announced, the total outward
movement to date a~ggreeating $780,
600. Banking authorities are divided
in opinion as to the continuance OF the
drain, which seems to depend entirely
on the premium which continental
countries are willing to pay for it. Tho
money market has not as yet been al
1ected by tho movement, and, though
leaders exhibit q more conservative dis
position in regard to longtime engage
mcnts ut the current low rates, the ab-
sence Of any largo demand for funds
prevents the market from displaying q
stronger tone.
Exports OF wheat (including four
from 10 ports, both coasts OF tho United
States, this week equal $780,, 900 bush
els, a decrease from the total a week
ago. The average exports weekly since
January l have amounted 10 about
100000 bushels, rather less than had
been anticipated by those who took tho
moro bullish view OF tho breadstufis
situation. Exports OF Indian corn con-
tinue exceptionally heavy, 3,977,973
bushels this week against S,243,2 6O
bushels o week ago, Baltimore and
Philadelphia each shipping moro than
100000 bushels.
In the province OF Ontario general
trade has been fairly active, with pros
poets for demand at millinery openings
next week quite favorable. Hardware
Gales arc also moro active. In Quebec
dizziness continues to prevail. Demand
from the maritime provinces is as UNI
satisfactory as heretofore. Banl, clear
ings at four Canadian cities are about
II per cent less than a week ago. Bus
mess failures in Canada aggregate IS
this week, against ass week ago.
Hlncl. Tnnrnn In pennsrlrnnin