Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-11-23
BRADSTREET AND DUN
Tell What's the Condition OF Affairs and
Speculate as to the Cause.

New York. November 22.-Brad-
streets will say tomorrow:
The check to genertl trade, which was
conspicuous for the past few weeks,
still continues. Unseasonably milo
weather and rains have intensified this
feature. which is more conspicuous
south, where the decline in the price
of cotton and consequent check to snip
ments are held to be partly responsible.
But the demand for staples increases
on the appearance of seasOnably cold
weather, the result being larger orders
for woOlens, shoes, rubbers and holiday
specialties.
Exports of wheat from both coasts
of the United States and from Montreal
this week wheat -four included as
wheat. amount to 2,916,O00 bushels,
against 3.325.000 bushels last week, and
1872, 900 bushels in the week year ago
2,764, 600 bushels In the week two years
ago, 3,465,OOO bushels three years ago
and as compared with 4,0S2,0OO in the
like week of 1891.
Business failures show another mark
ed increase, number 323 throughout the
United States, against 279 last week,
295 in the week a year ago, and 3oS IN
the third week Of November, 1898. In
the corresponding week of 1892 the to-
tai was 1S5. The bulk Of the increase
is in the Middle and Western States.
New York. November pr G. Dun
& Co s weekly review of trade, which
issues tomorrow. will say:
Reaction in business there is none.
Efforts to explain it or to attribute 1t to
this or that temporary influence, are
all wasted. In every business, men
now perceive the fact that the pur-
chases in advance of current distribu-
ton, which were made when prices
were booming involved of necessity q
season Of halting when the rise stopped
! and until the actual demand for con-
sumption has been measured.
Products are lower, without dis
turbance or sign of panic. The more
sober estimates Of wheat month ago
rose $4,000 0G0 or more above the gov
ernment and speculative gUesses, and
now reputable estimate of 475,OOO0OU
bushels eXcites little remark. Western
receipts of 23,415 STA bushels in three
weeks. against 12,314.674 last year, are
so persistent that prices have again de-
clined about one cent, and Atlantic eX-
ports. -four included. are slightly less
that a year ago. for three Weehs, 4,163,-
745 bushels. against 4, ,S49. PA last year
Corn declines half a cent further. Pork
products also have reason for weaken
ing. lard 15c. per 100 pounds, and pork
25c. per barrel. The cotton market has
been assisted all the week by small
receipts and remarkably stiff state
ments Of scarcity, but has gained six
/ teenth. though some think short re-
I ceipts were deliberately organized by
planes. 1t begins to be a decisive fact
/ that exports are small, partly because
stocks abroad are heavy and partly be-
cause the manufacture abroad does moi
find market for the usual quantity OF
goods. the British being especially en-
4 barrassed.
In this country the cotton manufac-
ture has Jared better than in most 9th
ers, escaping an excessive rise and the
resulting decline. While some prices
were marked too high when cotton
was above nine cents and are lower
most goods are held at quoted prices
and the mills generally order for work
! in the next year. but it becoming
question whether retail distribution has
kept pace with its manufacturers or
ders or with sales to retailers. The
opening of Clay wOrsteds by two lead
ing mills at advanced prices has not
yet been followed by others. and it is
doubted whether foreign prices after
London wool sales next week Will be
helpful
Iron and steel products are lower
averaging one per cent. for the week
and seven per cent. from the highest.
Bessemer. anthracite No. l. and bar
are quoted lower. while sales below
quotations are frequent. There is COM
petition for orders, most works having
little ahead. and new business is re-
markably small. Structural work is
cut down by the strike Of hOuse-wOrk-
ers here. and quite a number Of mills
principally bar, have stopped within a
few days. The associations reafIirm
prices, but do not sell enough to keep
works busy. The demand for cheap
boots and shoes is a shade better, but
many shops are idle or working part
time, and buyers generally hold off al
though considerable reductions are now
offered by manufacturers. Shipments
for the month are 22.7 per cent less
than last year.
Leather is weaker, though only one
class is quoted lower, but hides at Chi
cago have again declined about two per
cent. the average relatively lower than
leather and shoes. Failures for the
week have been 320 in the United States,
against 322 last year, and AZ in Canada,