The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-09-08

-NA tANA
Tho Pittsburgh manufacturers advanc-
cd the card for Nails on Saturday from
50 60 to So. The Nail men here have a
meeting to-day, but not with any partiCu-
lar reference to this action at Pittsburgh.
We know not what they may decide to do
with reference 10 that action, but we judge
from what little we heArdou thestreets on
Saturday that they arc not inclined to fol-
low Pittsburgh in this step. They seem
inclined 10 look on it as injudicious and
unCalled for. The late advance TO s. co a
week ago was considered a full advance
by our manufacturers here, and was con
cured in (amung other reasons) because
most Of them had considerable orders on
hand-(seyeral weeks work)-at former
prices, and not because they expected fol
the present TO book many orders at the adj
vance. It was rather expected &c. shut of
the demand for a while. The gene
raj effect OF All advance 10 So is tc
put the mills in a false position before the
public. The expression Of people that fol
lows such MI advance is,in substance, thai
the mills must be making a great deal o.
money, whereas the fact is that the millt
are running AMI will run for a good while
on low priced orders. A good many low
priced nails are nov being made here out
OF high priced pig metal. The mills have
yet to ascertain whether they will be able
to make a good average for this six months
They hope to dosomething for themselves
at the present card when they reach it,
but most Of them will not reach it for sew.
eral weeks. Therefore 10 put up the price
simply puts them, as we said, in n falsepo.
sition before the public.
Pittsburgh may be differently situated,
and we presume is. Her nail mills have
only recently been running full, and they
have probably only u comparatively small
amount Of orders booked. New orders do
not therefore carry them as far into future
obligations as they do here. They proba-
bly, also anticipate All advance Of pig
iron 10 SCI, as is limited in one Of the pa
pers up there. II such an advance occurs,
three dollars for nails is not too much.
Up to This time Pittsburgh has had the
decided advantage OF Wheeling in the
matter OF prices. Her card was s. IS
when it was only s. 10 here, aud hence
she was able to throw the cheap orders on
this market. She has thrown them here ever
since. With Pittsburgh nails are an Incl.
dent to other manufactures and not a spe-
Cialty, and the iron men up there do not
hesitate to say that they do not care to
waste iron in nail making when they have
other lines that pay better. Hence
they seek to make a good aver
age as between nails and other articles,
and hence their comparative indifference
about orders. The life OF Wheeling is the
nail trade, and manufacturers here are
naturally more anxious TO secure orders
ahead, and they generally succeed in get
ting in q good deal deeper either in an adj
vancing or declining market than Pitts
burgh. The new cardatP ittsburgh will have
the continued effect other former cards it
will throw the bulk of the orders
on the mills here and create an ap-
parent urgency OF demand which
does not really exist. 1t will enable
II mills that arc nearest out OF the
woods to gradually strengthen the price
and probable to advance it as necessity
may require. Meanwhile we presume
our manufacturers will do nothing in re-
gard to it for tho present, but simply
0waitits effect on the demands Of the trade.