The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-12-17
STATE OF TRADE,
GENERAL CONDITION OF BUSINESS.
No Special Features to Not. Ia Financial Natter.
ATisht Money Market In the Wsat-AOrs
Activity In Weol-roae OF the Trade
Stroas-rhs Situation In Iron Clreles.

Strons-The Situation In lron Cirelef.
NKw YoRx, December 15.-The Enancia
Chronicle in It's weekly review Of the bust
ness situation says: There have been nc
special developments in financial affairs in
the last week. The rates Of interest in the
New York market still indicate stagnation
and lack Of confidence. Money on call has
ruled at 9 to 2! per cent, and at times has
even been offered at u per cent Time
loans on stocks have been A to 5 per cent,
and borrowers with good collaterals find no
difficulty In getting 1t for even as long q
time as six months at such rates, thus car
rying them over the usually stringent sea.
son Of the spring months. Mercantile
discounts continue at and 81 for the
first.class double-name paper for 60 days
and four months, and 81 and q for single
name paper.
Advices from the West continue to show
an accumulation Of grain and provisions at
the principal western markets and q con-
tinuance Of tight money, though in the
latter respect there has been some change
to an easy condition in the last week.
With the last movement Of products from
the producers to the cities, meney is circu-
lating more freely in the interior districts,
and country merchants and country banks
are paying up their debts and loans to the
city merchants and the city banks.
The approach Of the holiday season has
its usual effect upon business, and, added
to other influences, causes great dulness in
mercantile circles. The tendency OF prices
Is, in nearly all cases, towards lower fig.
ures, and very unsettled feeling prevails.
WOOL.
BoSroN, December 15s-The AdteHi@r in
its weekly review Of the wool market says:
There has been decidedly more inquiry
even thana week ago, more generally die
tributed, hastened no doubt by the last
movement In fine fsecet; and the call for
sample bags has been extensive, indicating
that after January manufacturers will be
buying more wool. Always at the close OF
the year there Is q marked disposition to
postpone buying until the new year has
opened, hence it 10 noticeable that January
and February are good months In the trade.
This year sales are at this time larger than
a year ago, and since July up to the
present time there has been only one week
when the sales fell below 1000, 900 pounds,
while year ago there were five Of such
weeks. The sales for 80 weeks OF this year
show increase OF 0,500,000 pounds over
those in the same time last year. The tone
OF the market 10 fully as strong as q week
ago and desirable lots are particularly firm,
as selections are broken. The stock OF
Ohio, Pennsylvania and Michigan flseces
is small, and but for the unsatisfactory con.
dition Of the goods market, and the absence
OF profits these wools would range higher.
We hear Of purchases Of super pulled in
Philadelphia on account OF Eastern manu-
facturers.
The claim that great frauds have been
made upon the Government in importing
carpet woole, which has received consider
able attention in the papers, Is exaggera.
ted, and. the idea that such woods. com.
pete with Ohio woods, as set forth by
some, Is simply preposterous. The recon-.
mendation Of the Secretary OF the Treasury,
that the present dug be changed to ad va.
valorem, Is one that importers Of these
woods fully approve Of. The present duty
is 2acper bound on wool costing gunder 12c,
and &c per Pound~oi wool costing above
l2c, The price; as can easily be under
stood, under such duty, is likely to be al.
ranged to the advantage OF tho shipper
and importer; and again, the price might
be to close upon 12c as TO make apparent
an intention to defraud the Government
when none might exist.
IRON.
I:-PIrIsBuRaH, December 15.-The Ctron.
Icse this Sanirg hrs the following -Atfp
among the iron men, while e develops
nothing new, shoas that a feeling Of hope
and confidence in he future Is taking the
place Of the despondent tone Of week
ago. All manufactures spoken 10 said
they were in excellent shape, with no sur
plus stock on hand, and themoment orders
came in active work would be resumed;
which Is equivalent to saying tSat the mills
are simply waiting for the natural demand
that must come, and slackntss d work
cannot long continue. At the office dthe
Edgar Thomson works II was stated that
while. nothing definite would be known
until after the men met this afternoon,
there was reason to believe that the reduc-
ton would be accepted by the workmen,
and the mills continue in active operation.