The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-08-06
TIE BUSINESS WORLD.
THE GENERAL CONDITION OF TRADE
Disturbed By sb. R,esu. Fallurs. Ia the East Ol
Leather and shoe Firms-So narksd Change
is The Iron narkst-WOoI sslH Large
bat No improvement In Prices

Il NEW loRkI august f.-MelChntlle vi
cles at the east have been considerably ex
ercised during the past week by failure
> which have occurred in the tanning, hides
r leather, and boot and shoe manufacturing
/, and jebbirg trades. The disturbance cul
minated at Boston with the suspension Q
one OF the oldes! and largest tanning AM
hide houses in the United States. Thei
r failure precipitated like disaster upon
very prominent boot and shoe manuiactur
ing and Wholesale house at the same city
. and the circling eddy Of commercial dis
aster in widening out swept down severa
boot and shoe and hide and leather con
Germs. Most OF them are located In Bos
ton and its immediate vicinity, kut New
/ York, Baltimore, Chicago and Norfoll
have representatives involved. The prox
innate cause OF the failures was an over
reaching desire 10 monopolize particular
branch Of the industry coupled with an
ill.advised expansion OF operations both in
leather and other lines. The firms which
have suffered most are all mutually
interested through partnerships, sdecial
or general, mutual Endorsements or other
wise-one with the other. 1t Is believed
that the crash will end there, and that
the too keen competition and the excessive
production from which the leather market
has suffered will be done away with in
part. The disasters will bring an opportu-
nifty for a healthful revival 10 the branch
OF trade affected, and it is believed that in
less than thirty days hence it will be all
the better for having withstood the shock.
Iron and dry goods have suffered like fail
ures. The wheat market has tended down
ward during the greater part OF the week.
Corn has done likewise. In both cases
good growing weather, renewed favorable
crop reports, and heavy receipts at the
west, together with low prices abroad, have
conspired TO this end. Provisions have
huctuated within narrow limits, but receipts
Of hogs have been very great at the west
There is little trading in this line exceptby
operators. There were 1855 failures
in the United Safes reported TO Brddtreefs
during the past week, l3 less than in the
preceding week, AZ more than In the cor
responding week OF 1882, and so more
than iu the like week Of 1881.
t" IRON.
There is little change to note in the con.
dition Of the iron market at eastern centers
during the past week. Pig continues firm
at unchanged prices. The demand is not
noticeably larger, hut many inquiries are
making and dealers are confident that the
early fall will witness marked activity.
The arrivals Of Scotch pig iron are main.
tanning about the level previously reported
from week to week, and will aggregate
about 1000 tons at New York, mostly sold
to arrive. The sales made during the week
have not been large, and in all probably do
not exceed the quantity which has arrived.
Stocks here are very light, and the receipts
about keep pace with the hand,to.mouth
demand with which they are met. Freights
from Glasgow TO New York on pigriron
have experienced no change during the
week. Steel rails have been subject to
moderate transactions only. The mills are
fairly well filled up with orders, and there
is no pressure 10 sell. Quotations are made
at $3S 90. Bar iron is more quiet than was
expected, and mill-owners are rather more
anxious to sell. Prices, however, are un-
changed at 81 00A2 70 for refned. Scrap
liron present no new features worth chron.
icling. At. western iron ceuters some OF
the renewed firmness and better realiza.
tions on higher figures are reported. These
markets apparently have just begun to ieel
the renewed life and indisposition TO sell
under the market price which has been
present at EASTERN centers Tor nearly q
month past
BosroS, August 4,-The Adrertiser in its
weekly review Of the wool market says:
In spite OF the depressing influence OF the
Shaw and other failures, Of SO many mills
being also shut down or running on re:
duced time, the GALES Of wool this week
have been nearly three million pounds,
and are larger than for the corresponding
week last year, when they were 950s,60
pounds. Still, although the sales have
been quite large during the past three
weeks, prices are no higher here than
prior to The increase OF business, although
in the country.there has been an advance
since the opening OF the clips. There
seems 10 be a natural inclination on the
part OF most Western traders to speculate
in wool, and because the Clips opened
lower than a year ago, many bought to
hold for an advance later in the season.
Some dealers are receiving letters from
some OF these second holders, indicating
more desire to sell. Considerable wool Is
coming forward, although the receipts are
less than last week, but selections can now
be made to advantage. The harvest season
continues in the country, and farmers are
so busy that weol receives littl or no atten.
tion. Brices In the country are generally
too high to give any profit to the dealers,
and in many instances wool can be bought
cheaper here. There is some improvement
in woolens, and the mills are preparing
their samples Of light weights.
The totalreceipts Of domestic wool this
week have been 1892 against 1859 q
year ago, or an increase OF 2, ,2S3 bales. OF
foreign, the receipts OF the week have been
3,074 bales, against COL year ago, or an In
crease OF 2,403 bales. Since January the
receipts OF domestic wool have been 2G4,3a2
bales, against Y2S, ,99+ year ago, oran in.
crease oi 81. .99S bales. OF foreign the re-
ceipis since January have been 50, ,205 bales,
against q, ,5i4 year ag', or an increase OF
0,66l bales. Il
The total sales OF wool, foreign and
domestic, since January ioots up 81, ,245, 500
pounds, against S. S20. $40 pounds, for the
corresponding time last year, WHICH shows
an inpIease Of |, ,42A. 200 pounds.
|
AssapIting Jews In Russia,
LoSpoS, August 6,-The Jewish resi-
dents Of Rkaterinslav, Russia, were at.
tackled by a mob. The soldieEy were called
ont to disperse the rioters, ten OF whom
were killed and wounded. The trouble
was caused by Jew insulting peasant
woman. The town council Of Ekaterin-
slay resolved to give the Jews FIVE thous.
and roubles to compensate them for their |
I..... III "a ra.n,,idn nhnliar for thnan .rhn |