The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-11-12
STATE OFRIRADE.
GENERAL CONDITION OF BUSINESS. |.
olly Moderately Ralr-aoy.nl.nts o, M,reha
Not ysry BrIsk-untavcrabis Wslthsr-Tlsll
Iron Trade vsrI Dali-rhs Cat Ia Prie.Ifor Il.
Steel RAils-in Improvement In Nool. =

: 2 a.H
NRw YoRK, November 10.-The general
merchandise movement east and west, as
reported in special dispatches to Brad!
streefs is Of moderate proportions only,
In such lines as dry goods, millinery, mo-
tions, groceries and boots and shoes the
country merchants appear to be well
stocked, and such orders as reach the job
bing merchants are for reassortment. The
marked exception tothe above is inIbootH
and shoes at Boston, where many buyers
are congregated TO make selections for the
spring season. One cause Of the special
dullness at the west Is found in bad roads
and uniavorable weather. In some sec.
tions, where farmers arc holding back their
grain for batter prices, the demand on the
country storekeeper has also fallen away,
From most leading distributing centers
word comes that the aggregate OF the busi-
ness done during the autumn 10 date will
compare favorably with the corresponding
time last year, and that the existing dull
ness In many instances is no more conspic-
uous than was 10 be expected at this season.
The industrial situation has not changed
much during the week. The Rhode Island
woolen and cotton mills, while claimingto
be working at the minimum OF profit, are,
nevertheless, at work. ~
Wheat has been manipulated for rise,
which from November I'd until the 7th
inst. amounted to an average Of &c per
bushel. The loss since amounted to nearly
one.half the gain. Indian corn acted in
sympathy with wheat, gaining in the ag.
gregate between the dates named about3s
per bushel and losing about 1c since. Pro-
visions also experienced some gain. Pork
advanced sos per barrel, and lard gained
about 20 points. The market closed quite
firm. There were 2l9 failures in the United
States reported to BrddartstiS during the
week, and 70 more than the corresponding
weeks Of 1882 and 1881. ~! .i5il
| IRON. '4ls1
The American pig iron market issery
dull indeed. Prices are unchanged and
sales are quite light. No. x continues at
so 80 and No. 9 \ 81 cheaper. Some
weakness has been caused in the Eastern
market owing to the growing inroads by
smaller Ohio furnaces, some Of which have
shipped their product as far as Albany and
Troy. Stocks are light, and 1t is seriously
to be doubted If makers would sell 10, 900, {.
tons Of No. at the current quotation;
Scotch pig iron continues at prices last
quoted, but Is very dull aud but little is
selling. The weeks arrivals will aggregate
about 1000 or loo tons, all but 200 tons
Of which went directly into consumption.
Sales were small. Manufactured iron OF
the East continues very dull, structural
irons being In best request. Bar iron Is as
dull as ever, aud margins OF profit, where
admitted to exist, are very small. Buyers
continue apathetic. Sheets and plates are
in light demand only. II appears that the
Bsssemer mills long since recognized
that too many rails were being produced
in connection with the reduced demand
therefor, and efforts have been making to
curtail production. For two Friday after
moons in succession, well into the night
representatives Of the steel rail mills, with-
In month, held sessions In Philadelphia
having satisfactory agreement on this
point In view. Butthe outcome Of neither
gathering was satialaetory. Meanwhile,
within ten days, 1t became known herethat
some Of the smaller mills bad cut under the
nominal price OF $337 per ton, to SS5,. TAX,
ing the bull by the horns the Leckawanna
company on last week Friday disposed Oh
SO, 600 tons at $50. Sales at that figure In
all to date are esttmated to amout 70 b0Q0O
tons, distributed among several compsnies.
Well-informed members. Of the trade say
they would not be surprised TO see sprices
Of steel rails lower before they are higher.
But, for that matter, they.are inclined also
to think that SO per ton for, No. \ will
be touched prior 70 any higher figure. NO
disaaters are expected IN the iron and steel
trade. Ills possible that come western
steel.rail mills may haye TO shut down IN
the face OF the existing prices, but not the
larger eastern works. I'LL
! ~. .wooIs.C SI.,,s. FL
Rosroy Novan,,hsr ,i,i--.Tbe lg.,,,};..,s
'N' ,''' ".'.ts., ~ !, ". 49,,
IN isA weekly review OF lhe WOOL mafkes marker
says: The weeks business, considering the
election excitement. has been very fair Ia.
1ool ~. nav, ho,soa 10 Al ~ ,ono,.i ~
ueeu' pu' many nousse s .s IL ~
sales at all, their trapsactiers having been
SO limited. It is noticeable that many re.
port stronger inquiry since the election,
and the prevailing impression seems to be,
; that the market ,is likely t6ilnpfoye In tone
and amoln. Of business, Still, II Ia I'D.
mitted that for many descriptions OF wool
the quiet character Of. the, market causes
pricss 10 ba in favor ot the, buyer, except
Ing for Xx, and coInbing and delatne
woods, which are scarce. It Is also claimed
that the steady run upon the better grades
OF unwashed wool has greatly reduced
stocks. Very littlet Western carpet wool
has come 70 this market this season.
The supply OF medinm territory woods
demand ali through lie seasorl. - 81
There Is no news Of any, consequence
from the interior As rule woods cannot
be replaced at the present selling prices,
hence holders are NOT saerlhcing their