The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-25
STATE OF TRADE.
Il. G. Dan 4 Co.'S Weekly HUVlcw-West'
crn Hank Failures Effective, but Have
No Serious Effect on DuIIness-Ofhsr
FEATURES,

crn Hank Failures Effective, but Have
No Serious Effect on BuSIness-Ofhsr
features.
NEW YORK, Dec ar. q. Dun 6
Co.'S weewly review OF trade TO morrow
will say:
The failure OF TWO important banks.
the scs5rl IN Size oi business Il: Chica-
"a, and the oldest u St. Paul, with some
others dependent Oh them, closes not
favorsbly u month which promised TO
end with only moderate commercial dis
ls.erS. II does not lessen the effect "
these failures that one was caused by
enormous loans In aid OF an electric
railway and other concerns, and tElt
the Other appears 10 have resulted from
heavy ventures In unstable real estate.
Since several thousand business men and
depOsitors are for the time embarrassed
as much as the spectators that caused
the trouble, the break down Is the re-
verse os hopeful ut present, though
Il comes when money markets are well
supplied and when no serious erect IN
business IL 10 be spprehcnded- Other
important events OF the week are the
faIlurr. OF the billet and rail pools 10
lind basis for agreement and the some
what large discharges OF hands or re-
duction In the shoe manufacture. The
holiday trade he's been fair, but general
ly In articles OF medium grade.
The fall IN steel bIllets from over so
to about SIC ut Pittsburgh and in steel
rails from SIS net for mills to SO, less
brokers commissions, produces so great
n change In other prices and conditions
OF business that the meeting held here
this week for the purpose OF rGvlyinG
pools and fixing prices, influenced quo
fV.ts -
agreement was coached and meanwhile
contracts have been made covering the
want5 OF most producers tcr three
months and some for the whole year
1S7. and It - suid that such large Con-
tracts have heen made n: Sl5 Al Pitts
burEh and 81 80 at the east. BeSscmCr
pig has declined to Sll IL and g-Gy forge
to 50 Is al Pittsburgh. while bar and
other finished products remain unchlnE-
ed. though 1900 bundles OF cotton ties
have been contracted FOR At sixty cents
per bundle. The production OF coke in
CrelSsS n1ldly, $500 ovens being in
blast, With an output OF 97,lJ5 tors for
the week. Scarcely any business has
been done IN the minor mctElS md $il 81
Is Quoted for lake copper, Sl2 S. for tin,
and 50 0J for lead.
In the cotton manufacture thCrc Ia
further decline in staple goods, and TAX
inSS by northern spinner5 Rre dlslp-
poiH,!ngly light. Print cloths accumu-
late and 10 not advance. klw cotton
comes forward Just as it did In other
years when Official and other stories Of
Injury ended In great crops.
Sales OF WOO! are restricted 10y Tho gen.
cral conviction that prices asked by in
ter!"r holders cannot be realized, and
there Is considerable disposition 20 un-
load speculative purchases at seaboard
markets. Most OF the manufacturers
have more wool than ;hcy have orders,
and others meet is yet no satisfactory
demand for goods. Sales OF wool were
only 2.3f2 goo. pounds at the three chief
markets, against J,92i,3G0 for the same
week last year.
Wheat has grown n litltc stronger In
spite OF the disturbance OF the Chicago
market Exports have been l.iTl.4l3.
flour included, for five days, and S.392.i
for four weeks, against S.J2T959 for the
same week last year. while from Pacific
ports the Increase has been large. West
crn receipts are still small. amounting
to S,iSJ,G3l bushels. In thrss weeks OF the
north. against 1i,3ii,S0o last year. The
volume OF business. ;Lll branches con-
Sllered. Is not large. Payments through
clearing houses have been for the week
25 per cent lesj than last year and FOR
the month thus far the daily average Is
9.S per cent lees than last year and EOS
per cent lcSSt han In 1892.
Failures for the week have been "91
In the United States. against 322 last
year, and a In Canada, against 20 last
year.
The aggregate Of gross earnings Of all
railroads in the United States report
Ing for the first half Of December, or Il
part thereof. is $l2,0l7.12G n decrease
Of A. per cent. compared with last year
| and or ll.i per cent compared with the
corresponding time VI 1872, the lnicst
period OF ordinary business prosperity
with which comparisons can be mndc.
| or gHu,iNnS Of the country IN which
representative roads have reported,
wcatcrH rOads. Including the RrOnScrI,
make the most flvOrablr showing.
| Southern and southwestern roads w.
| port small lOss. In the other gr0upa
reports urc ~ yet incomplete. All
| classes OF roads report a decrease Cum-
pared with both years with which COM
| parIIon IL made. Traffic on all roads
| has been far from satisfactory for Srv-
rral months, and uB Yet there IL 1T
| tie Indication Of Improvement but ihc
| heavy Losses in gross curuiHEs' reported
! 10y many Of the roads l. nat entirely due
| to irR9 Or traffic. The falling of IN
| traffic has been greatest IN the high Clagg
I rrrIEhtI and tho loss In ErGas earnings Il
consequently relatively larger than the
| loss In traffic.