The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-11-26
BUSINESS MATTERS.
REVIEW OF THE PAST wEEKsTRApE.
scasral Dulla." prsrail.-1As Causes Operating
toPrOducs that Etftst-rhe Depression In the
Iron Aatkst-BuIers OF Wool Numerous
and Fair Ea'Iasss Being Done. ~

New YoRK, November 24.-The Findn.
cial Chronicle in its review says: The week
has been dull ono in general trade. Next
week there will be two closs holidays and
in the few days preceding such occasions
mercantile affairs drag. Besides, the
weather from being severely cold has be-
come unseasonably mild, and this is an ad.
verse circumstance. The late storm did
great damage 10 the shipping on the North.
eastern coast. Excessive rains have also
caused foods in the lateral streams In mid.
die latitades Of the Mississippi Valley,
somewhat impeding railroad traffic.
There has been larger speculation in
lard, an the range Of prices It's been sd.
vanCed. The export inquiries have not
been materially improved. Pork has
shown more iirmness, and the general mar:
ket may be said to exhibit more strength.
Commercial affairs continue ss last re-
ported, large distribution Of merchandise
being in progress, but at prices leaving in
many denartmeuts very little margin for
profit. The disposition among manuiac-
turers is not TO accumulate stock, 80 thas
the tendency remains, wherever consump:
! ton Is Glow, 10 force sales even at sacri-
flee. Still, this OF late has become less OF
feature, and the feeling in mercantile
circlts encourages The belief that as the sur
pluses Of the crops are marketed, more
active demand for goods will set 10, and
our full production be readily absorbed.
This country develops rapidly, and requires
but short time oil rest to Overtake an ex-
cess OF msnufacturingpower or commercial
facilities which are developed during any
period Of good trade.
IRON.
PITTSBURGH, November 24.-since the
depression in the iron trade became so
marked the manufacturers have thrown
out hints Of q reduction and the Iron Age,
regarded es the organ Of the employers, in
an editorial advanced the argument that
the men should volunteer reduction Of
wages. 1t now turns out that one mill in
this district has already ordered q cut.
On last Tuesday morning the men en-
ployed at the Superior rail mill on Preble
avenue, Woods-run, were notified that II
they wanted to work il must be at q reduc-
ton oil 20 per cent The men asked one
day to consider the matter. nTuesday
evening a meeting was held and the men
unanimously decided that they would not
work at the reduction.
A prominent puddler stated that he knew
very well they would not go to work for
some time, as the last time they quit they
were told by one OF the clerks there would
hardly be any mere work for them until
about the first Of next year unless they
would suddenly be overrun with orders,
which was not likely.
A leading member Of the Amalgamated
Association in speaking OF the reduction OF
wages as means oi getting over the pres
ent depression, said: "The men have no
idea Of voluntarily reducing their wages.
Were We to accept reduction OF 30 per
cent. it would not increase the demand for
iron. II overpreduction is the cause let us
suspend work until tho demand catches up,
but it would be poor policy TO reduce
wages"
wool.
BosroN, November 24.-The Adratisas
in its weekly review Of the wool market,
Gays: The feature Of the market. has been.
the numerous buyers who have been in,
the market, many Of whom were looking
for combing woods, many buyers from
Philadelphia and elsewhere having been
after supplies, 50 that the sales OF this de-
scrip;ion foot up 20l 900 lbs, and are 117,-
200 lbs. more than the week before. Some,
few weeks ago the demand for / to comb,
ing became less active on account OF the
decline. in Jersey yarns, but since then
English combing woods have advanced ind
London &c per ID. The sales OF Michigan, Z
as will'be seen, have been much less than.
a weekago, by 2SS,700 lbs, and holders
report that manufacturers are unwil-
ing to pay more than SIC, which they
decline. But, on the whole, there
has been fair business. The demand for
y fleece has been more active, and the .
tone stronger. The demard for XS and
and above Ia not quite 80 active. In view
OF the fact that We have not reached the
importing point, the value OF these woola
is likely to hold, II not to increase. Pulled
woods are quiet; q good many low Western
supers are Offering, and prices are easier.
There have been liberal and numerous
transactions In unwasbed and unmerchant.
able woods, and desirable selections have
been sought for. A telegram from San
FranciFco reports that quite line OF be:
tween 100000 and 4O0, 900 lbs Of wool were
sold there last week. -
There Ia important news from MonteYi.
dec, and that market is higher, and re-t
mains too high for operations. No change
in the prices has occurred in Australia. A
sailing vessel has been put on the berth at
Melbourne for Boston, tho Navesink, and
she will bring about $500 bales. The
steamer Gulf OF Suez Is expected TO sail for.
Boston this week. Between 1000 and
'I2, 600 bales have been now bought for tho
United States, and there have been large
I 20 I, % iinnn On Enrnn.an accnnnt