The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-09-24
STATE OF TRADE.
The GENERAL BUSINESS SITUATION
or the Country steadily ImprorInE-A Large Vol.
ums OF Autumn TAde-Aa Improrsnsnt
In Iron-Aors Isqairies COnIas In.
Wool Harkst Active.

ums OF Autumn TrAde-Aa ImproTensnt
In Irou-Aors Isqairlss ConIas In.
Wool HafkSt Active.
NRw YoRx, September 22.-The i'm.
provement In the general business situa.
tion Of the country reported to Bradareef'
during the past two or three weeks has
been contixued. The shipments Of general
merchandise from the North Atlantic ports
to the West have been very large. Those
Of dry goods have been, especially heavy,
not only from New York, but from Boston
and Philadelphia as well. Low water in
the New England streams has resulted in
many Of the mills having to cut down their
production one-half, and 1t Is not impossi.
bic, in the event Of o continuance of this
disturbance, that an advance In prices
may result. AT the West at leading dis
tributiye points the movement Of mer.
chandise to the interior continues to be
heavy. Louisville Is enjoying large,trade
OF this description. The orders received
at the larger cities at the Northwest and
in the West are coming in quite asFapidly
as at any time during the past fortnight and
at most OF those points the aggregate OF the
autumn's trade Is in excess OF that of 1882
from 10 to l5 per cent Farmers in the
Northwest appear tn be inclined 10 hold
back their wheat. Money Is going into the
interior, but has not begun to show any
symptoms OF return movement, not hav-
ing gotten fully into farmers hands,
owing 10 the lateness Of the. season. Qul-
ing the earlier portion ,of the week
wheat fell Oft over 3 cents per bushel.
On Thursday an upward turn was taken,
owing to decreed receipts and heavy
buying by those favoring higher prices.
Friday witnessed continuance OF this,
and at the close within one cent oi the en-
tire loss since the l4th had been recovered.
Indian corn also fell of during the earlier
portion OF the week, though less, proper
tionately, than wheat. Wednesday wit
messed a revival OF quotations, and Thurs
day and Friday continued the same,
Thursdays closing price equaled that Of
the preceding Friday, and last evenings
advanced tc and over per bushel, accord.
ing to option. Provisions have been in
sympathy with corn. They declined
steadily until Wednesday, when a moderate
advance took place. October lard leaves
off at about s SOC per pound, against 8 &c.
on Friday evening Of last week. There
were III failures in the United States re-
ported to Bradareet's during the past week,
IL more than the preceding week, SO more
than the corresponding week Of 1899, and
al more than the same week OF 1881.
[- IRON.
While the iron and steel trade Of the
United States has presented no feature Of
genuine novelty during the past week,
there has been promised improvement in
the feeling among western manufacturers
aud buyers. More inquiries have been re-
ceived In New York during the past week
from western cities, new orders for pig iron
and other varieties Of the products under
discussion have come to hand, and while
all requests have been strictly Of the char
acter known as flor immediate require
ments only" still the very steady buying
insmall lots is found by dealers here to
aggregate sum quite equal to and in cases
In excess Of the total sales at correspond
ing period last year. The pig iron dealers
in this city look for no. boom In the current
year. It 10 probable that abetter demand
may be experienced somewhere between
October and November, consequent npon
orders by interior mill owners who will de-
sire to receive their stock before the close
OF navigation. In the meantime prices are
firm and unchanged. Steel rail mills are
full OF orders, some OF them being engaged
as fat ahead as the middle OF November.
Dealers in finished iron find the market
fairly satisfactory, and dealers in bar, while
not fully satisfied with the demand and
current prices towing to comnetition) are
willing to admit that the position of this
branch Of the iron industry is better than
| Il has been before during they Scotch
pig iron is firm and unchanged. Prices
recently weakened on the other side 10 the
extent Of 1s per ton, conaeqnent upon the
unfayorable returns OF the Board OF Trade
on the British iron trade during August.
Sales on this side, however, have gained
little. Arrivals have amounted to about
| 800 tons, and sales have been in excess oi
those for any week for aome time. No
Scotch iron has been reported as stored here
on arrival for number OF weeks.
WOOL.
BosroN, September 22.-The Adpertiser in
It's weekly review Of the wool market says:
The market, as the immense sales indicate,
haa been most active, and while there has
been no general advance In proportion to
the large business, the 10 very strong,
No concession would be made to-day from
the prices quoted, which would have been
done q few weeks ago, and prices Of comb.
ing woods are distinctly higher. The de-
mand for fine heeces has been extraordin.
ary, and the sales OF wool would hsye been
much larger had holders been as ready TO
cell ag they were even week ago. That
the total sales oil fwool have also been larger
than we are able to report wa have reason
to believe, and probably IL SOC, 900 lbawere
added to the total 1t would more correctly
represent the business done. One house
alone reported sales Of over 100000 lbs.
and another Of 100000 lbs.. 80 that
the two gave over 100000 lbs. tol
the grand total The business done
has been largely Legitimate, wool hav-
ing been bought by mauuiacturera to
make up into goods, tor WHICH they haye
liberal orders at tAs present lime and light
utoGks whefewith to make, hut there has
been some active speculation particularly
where desirable lots could be secured as
prices previously ruling. More worsted,
aos To be made this season than q year ago
and indeed for some time, and worsted
wools have been much sought Tor. There
have been some sales Of Michigan wool at
SIC, 1t is true, but lots Of desirable condi.
tion will now command $50, such aSwould
only have brought SIC short time ago.
Combing wool at 43i44c is still compare
lively quite cheap. A year ago It was 4Sc,
and later advanced to Soc. There ID q fair
demand for territory wools, but the supply
Is ample, hence manufacturers do not atoek
up shsad OF theIr wants. Some lots OF Nh
Ohio are held out Of the market, and many
i L l. l. L L