The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-15
TRADE 5 FLAT.
The Demand for Products Docs
Not Equal the Supply.
THE WEEKLY REVIEW or TRADE.
Many branches of Business Practically ut
" s%tsndstiii Condition OF Affairs Gem
eraiiy-Tho nrynn Meeting IN New York
Not tho Success that was Expected, and
Therefore Did Not Have the Had Effect
OH business that " Expected.

NEW YORK, August 1i.--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 spccula-
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 the 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 dinlcultIcs ex-
tend the closing of establishments for
want OF work and the refusal OF CON-
mercial loans by banks. checked oper-
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, mcasur-
ed by clearing house exchanges 1t was
80 per cent smaller than last year and
l5.5 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 80 gloomy
that n great rise In prices would have
followed IL 1t had been entirely credit
ell. 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 r-
turns prior to the fearful spell OF heat
and 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 a movement from the farms Of g.
$50. I4l bushels for the week, against e.
295.2i0 last year, and it seems reasonable
10 believe that 20, zoo, 900 bushels would
year. against 11,625, 252 last year, II the
yield had been the smaller with the prlce
&c lower than Il year ago. Atlantic ex-
ports tilour %included). 1,409,7 $50 bushels,
against SS9,20l 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
Il reaction, although n turn upwards, or
Friday took the price 10 S,l9c with mod
crate selling.
Iron production was reduced 20, 76t
tons weekly In July. and has been fur
thcr reduced since August /. while UNI
sold stocks increased 26. 1902 tons In July.
The stoppage OF Il large share OF the Con-
ncllsville coke works and Of many lake
iron mines Is a fair indication that the
two combinations do not believe any
thing could be gained by reducing the
prices OF materials, and any difficulty
Is obviously the extreme narrownes Or
demand for finished products. which IL
so small that most transactions are ut
some concessions even from the current
low prices. With Alabama No. . offered
ut Sc 80 at Birmingham. equivalent to
$40 rs here, against $ll 80 for northern
No. 9, the market Is not large enough to
support prices.
Copper rcceded to It's quotations before
last week. Tin sold below current quo
tat!0ns at $l3 IS. and with sales OF 500
tons, lead weakened to 81 75.
The wooden manufacture makes little
change, with not more than n third OF
the machinery now running, n the de-
mand for goods docs not improve, al
though prices Of somc import goods have
been further reduced. Sales OF wool ut
the three chief markets for the two
works have been 4.79l .00u pounds against
li.473, 1850 In the snnie weeks Of 1875. and
1896, 302 IN the same weeks Of 1882.
No improvement has occurred in cot
ton goods. although the curtaIlmcnt OF
production for some weeks has been
great.
Failures FOR the week have been POS in
the United States against 1876 last year,
and S6 In Canada against IS last year.