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.
THE WEEKLY REVIEW or TRADE.
Many branches Of business Practically nj
n standstiii Condition OF Affairs Gen-
eraiiy-The Bryan Meeting IN New York
Not tho Success thNt wns Expected, and
Thcrefoac DID Not Have tho Had Effect
on business TINT wns Expected.

NEW YORK, August H.-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 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 difficulties ex-
tend the closing OF establishments for
want OF work and the refusal OF COM
mercial loans by banks. checked Oper-
ations 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 st was
90 per cent smaller than last year and
1876 per cent smaller than In the same
week Of 1892. The last year OF full bust
ness at this season. The government
crop report for August was 80 gloomy
that great rise In prices would have
followed IL It had been entirely credit
cd. In fact wheat rose about &c, but
again declined. closing only fraction
higher for the Week. Corn declined
throughout the week. closing over n
cent lower.
Cotton advanced sixteenth because
or continued reports of injury.
1t Is wise to remember that the gov
crnment accounts were based on re-
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 movement from the farms OF B.
560.7N bushels for the week, against g.
5.240 last year. and It seems reasonable
to believe that 20.T00,00O bushels would
have been marketed since July /. this
year. against 1l,625252 last year. II the
yield had been the smaller with the prIca
&c lower than q year ago. Atlantic ex-
ports (ilour includedD. 1.iO9,7SO bushels,
against SS9,30l 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 turn upwards, on
Friday took the price to S.l9c with mod
| crate selling.
Iron production was reduced g0,76t
tons weekly In July, and has been fur
ther reduced since August ], while -un-
sold stocks increased &c. 102 tons in July.
The stoppaCe OF Il large share or the Con-
ncllsvillc coke works and of many lake
iron mines Is fair indication thnt the
two combinations do not believe any
thing could be gained by reducing the
prices OF materials. and any difficulty
Is obviously the extreme nnrrowncSs OF
demand for finished products. which IL
80 small that most transactions an. ut
| some concessions even from the current
low prices. With Alabama No. 2 offered
at Sc 90 at birmingham, equivalent to
$40 rs here, against sll 10 for northern
No. 2. the market Is not large enough to
support prices.
Copper rccaded to It's quotations before
Inst week. Tin sold below current quo
tati0ns at $l3 25. and with sales OF 500
tons, lead weakened to 81 7J,
The woOlen manufacture makes little
change, with not more than n third OF
the machinery now running, and the de-
mnnd for goods does not improve, al
though prices OF some import goods have
been further reduced. Sales OF wool ut
the three chief, markets for the two
weeks have been 4.79l .O6v pounds against
li.413, lJ0 In the same weeks OF 1921. and
| lG.4&G.302 In the samc weeks OF 1882.
No improvement has occurred in cot
| ton goods. although the curtaIlment Of
| production for some weeks has been
| great.
Failures for the week have been POS In
| the United States against l9G Inst year,
and 36 In Canada against IS last year.