The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-10-29
STATE OF TRADE.
LESS AcrlvlrYuN BUSINESS
R.portsd-1h. uat4,orabls w..,Aorln the Central
and Western States Said to bs the causs-So
AAtsrIal Change In the Iron rarkst,
Fair Bu,ln.ss Doas in Wool. Z

New YORK, October 27.-The general
merchandise movement during the week,
as reported by special telegrams from lead.
ing cities to Bradareet's, has been less &C.
tive. Uniavorable weather in the Central
Western and Western States has interfered
with the enquiry from the retail dealer, and
this in turn has affected the interior jobber.
The country roads are also reported in bad
condition in many localities, which serves
to increase the difficulty in making col
lections and hardens the money market
with country bankers The distribution Of
dry goods has been OF moro restricted pro.
portions from agents hands, and millinery,
notions and collateral lines have experi- :
enced slackening in demand.
The excess production Of coal this year
as compared with 1882 now exceeds $500.
600 tons, at which rate the total product
for the year will approximate 3lG00,O90
tons, against 90, l20, 900 tons in 1881. The
curtailing work at the mines early in No
vember has been decided adversely, as the
Pennsylvania and the Reading companies
are full o! orders at present capacity. Petro.
leum has fluctuated considerably al a
slightly higher range, with no desire to go
far from Sl.l0. Provisions have declined,
owing to the prospect Of increased stocks,
Wheat by Thursday night, alter having lost Z
and gained lc, found itself at $l07 for
October, just where 1t was last week
Friday at the close. Last evening It had
declined saic., which represents about the
nI1 mt ba lna kan ,l..1
as has wheat It was 552c, &c. higher FOR
October) on Thursday than on the pre-.
ceding Friday. Yesterday prices we're
irmer and iractionally higher on the late
options.
There were 200 failureAin The United States
reported to Brddstreet'S during the past
week, 20 more than the preceding week. 72
more than the corresponding week OF 1882,
and 92 more than the same week oi 1881.
IRON.
There is no material change in the pig
iron trade. Plump offers Of $40 for No. L
American, for speculative purposes, have
been refused. No GALES at less than $50 50
are reported. No public following OF the
cut in price to that figure has been heard
Of, and no mention is made Of the blowing
out Of other furnaces than those already
announced. The market Ia firm at current
quotations, and the quantity OF business
done may be called fair, more particularly
in grey forge and No. 2, although in no
sense 90 II compared 10 what is customary
at this season Of the year. Bar iron has
not improved. Profits are very email even;
on large lots, and sons mills in Pennsyl.
vania are running On part time only. Man
ufactured iron generally is moving but
moderately. Thers are no now features in
the steel-rail market. Scotch pig ia firm,
with Light stocks and moderate receipts.
WOOL.
BosToN, October 27.-The Adrcrtis1 in
its weekly review. Of ,thetwool marketays:
The sales show a very lair business, and
quite an increase over last week, when
they were smaller than for any week since
July 5th.. 1nspite Of this, and the fact that
it only shows alargerbusiness than for the
two previous weeks, dealers generally have
had quiet week, and prices are more IN
clined to be in buyers rather than dealers'
favor. Sales OF one rive large lots Of wool
helped out the total, as, for instance, 3.000,-
600 pounds Of fall Tennefsee, which was
sold at 24a27c; $4,000 pounds spring Cali
fornia at 22c, and 1l5.000 pounds super at
23a43c. The sale OF fall Texas was especially
effective. Not much fall Texas has yet
been received, and prices, tits claimed, are
still too high there to,admitof profitable
purchases. The prices paid there range
from l4a20c, some fancy higher. II Is mo-
ticeable that the transactions in Ohio and
Pennsylvania feeces have been less than
week ago. and while Nl is scarce, prices
now obtained are not fully equal to
those oi few weeks ago. Holders Of
combiEg and delainc are holding very
firmly, and We hear OF offers being refused
OF within cent Of the highest price
touched, but dealers are not anxious 10 sell
and seem to be confident that the scarcity,
OF the stock must put up prices still higher.
Manufacturers on their side are very bear
ish, and claim that wool should go lower to
enable them TO make goods ut a profit.
They are now largely on light weights, and
most OF them express the intention OF fill
ing what orders they have and stopping, so
that the season promises TO be q short one.
Auction sales Of woolens have demon
strated o surplus OF some goods, and next
Tuesday there Is another of 1900 pieces,
most Of which are light and heavy CASH
meres. Foreign goods are also being
offered at auction, and tie manufacturers
make the most Of these facis to seek lower
wool. There Is nothing new from Cali.
fornia. Medium fleeces are dull and easy.
- s4HssF1f