The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-15
TRADE IS FLAT.
The Demand for Products Docs
Not Equal the Supply.
TIE WEEKLY REVIEW OF TRADE.


NEW YORK, August 14.--R. G. Dun
& Co.'S weekly review OF trade. which
issues tomorrow. will say:
An extraordinary spell OF deadly hot
weather has affected trade throughout
tho country and In The east specula-
tive feeling was somewhat affected un-
I'll Thursday by apprehension OF the
poor influence Of the Bryan meeting.
With cooler weather there also came
on Thursday perception that tho meet
Ing would not affect business unfavor-
ably. But other conditions were not
stimulating. According to government
reports the crops have sustained SER
ious injuries. Labor difficulties cx-
tend the closing Of establishments for
want OF work and the refusal OF COM
mcrclal loans by banks. checked opcr-
atoms In many branches OF Industry
and trade.
The week, therefore. closes, az the
last week did, with domestic business
unusually dull for the season, mrasur-
ed by clearing house exchanges IT was
90 per cent smaller than last veal and
1876 per cent smaller than In the same
week OF 1892. The last year OF full busi-
ness at this season. The government
crop report for August was so gloomy
that II great rise In prices would have
followed IL II had been entirely credit
ed. In fact wheat rose about &c, but
again declined, closing only n fraction
higher for the week. Corn declined
throughout the week, closing over q
cent lower.
Cotton advanced a sixteenth because
OF continued reports Of injury.
II Is wise to remember that the gov
eminent accounts were based on re-
turns prior to the fearful spell OF heat
n since may be more nearly correct
than they were when prepared. But
official and unofficial estimates OF great
decrease in wheat yield are confronted
with n movement from the farms OF g.
56O,I bushels for the week, against a.
295, $40 last year, and 1t seems reasonable
to believe that 20. 700. 900 bushels would
have been marketed since July J., this
year. against II. G25, 2j2 last year, II the
Yield had been the smaller with the prIce
&c lower than Il year ugo. Atlantic ex-
ports CIour %included). 1909, $50 bushels,
against $50. 1901 last year. are not enough
TO account for the difference. No one
now questions the probability of a very
large yield Of corn. But the advance OF
cotton to Size caused large selling, and
n reaction. although 4 turn upwards, on
Friday took the price to S,l9c with mod
eratc selling.
Iron production was reduced 90, T6i
tons weekly In July, and has been fur
ther reduced since August !, while I'M
sold stocks increased &c. l02 tons In July.
The stoppage OF Il large share OF the Con-
ncllSrillc COX works and of many lake
iron mines Is n fair indication TINT the
two combinations do not believe my
thing could be gained by reducing the
prices of materials, and any difficulty
Is obviously the extreme 0r
demand for finished products, which IL
80 small that most transactions are ut
some concessions even from the current
low prices. With Alabama No. Q offered
at Sc so ut birmingham. equivalent to
$40 rs here, against $ll 60 for northern
No. 2. the market Is not large enough to
support prices.
Copper roceded 10 It's quotations before
Inst week. Tin sold below current quo
tlti0ns at $l3 IS, and with sales OF 500
tons, lead weakened to 81 Is.
The wooden manufacture makes little
change. with not more than n third OF
the machinery nov running. and the de-
mand for goods does not Improve, al
though prices Of come import goods have
been further reduced. Sales OF wool ut
the three chief. markets for the two
weeks have been 4.79l .06v pounds against
li.473, $50 In the sanic weeks az 1891, and
lB.4&6, 1902 IN the same weeks OF 1852.
No improvement Inns occurred in cot
ton goods. although the curtaIlment OF
production for some weeks has been
great.
Failures for the week have been 29S In
the United States aEnlnst 19G Inst year,
and 36 In Canada against IS last year..