The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-11-19
TIE BUSINESS WORLD.
NO IMPORTANT CHANGES IN TRADE.
A Better FselIas Prevailing In Mercantile Circles
A Fair Busiasss Done In Wool-Ths TOns OF
the naskst-A Gloomy Outlook In Iron.
NiiIs StepplnE-nAaufaeturers Views.

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Nkw YoRE, November 1.-THE FnGn.
cial Chronicle says: Respecting business
prospects there is very little change to note
during the week. We see no reason to al
ter our remarks OF two weeks since, that in
spite OF the early meeting Of Congress there
is better feeling prevailing in mercantile
circles and in some departments an In
creasing consumption Of goods-althouGh
there is great competition among sellers
aud therefore very small profits. Failures
continue numerous, frequently involving
large amounts, but they by no means show
condition OF general business unsound.
ness; they are either due to special causes
long ante:dating the present depression OF
are simply the injudicious traders who are
always dropping out during every slack pc
riod. In some circles mucn is being made
Of the newspaper reports Of stoppage Of
cotton mills and other factories
of different kinds. We fad
nothing peculiar In those state.
ments. 1t was just the same or worse last
year, and yet our cotton mills consumed
05, 900 bales OF cotton more in the twelve
months ending with September l, 1888,
than In the previous twelve months, and
200 coo more bales than in the year ending
with September l, 1881. The actual truth
is, that with the one exception of railroad
material we are probably producing more
to-day than we have ever before in the
history OF the country, and the whole OF 1t
is going into consumption. A good illus
tration OF this activity In production and
distribution is found In the railroad earn
ings published last week, which showed a
gain Of II per cent in October this year,
and that was on top Of gain OF 10 per cent
for the same month last year
Our foreign trade also appears to be grad
ually improving. The Bureau OF Statistics
yesterday issued the preliminary statement
OF the breadstufs exports during October,
according to which the shipments for the
month reached an aggregate value OF Sl4,-
6jl $50, against $l5,SG2, ,GS2 in October,
1882, falling of OF less than three guar.
tiers Of a million dollars.
WOOL.
BosroN, November 1.-THE AdpertiSer,
in its weekly review Of the wool market,
gays: Since January the sales show an In.
crease OF 7,5l7.0l0 ever the corresponding
time last year.
The sales indicate very fair business,
and yet any one passing from store to
store and hearing the different reports
would expect them to be less than other
wise. There lave been maBy manufactur.
ers in the market, and the tone in desirable
woods is stronger, ii anything, than before,
while /. can also be said that undesirable
woods are easier, and any pressure TO sell
mus. be at concession. all through the
season the demCGd has been for the higher
grades OF wool, and not until manufactur.
era get upon fall goods again will there be
any good demand for Territory and such
woods. Fine Western unwashed woods
have continued in quick demand, and se-
lections are now considerably broken.
Credits are being critically examined, and
it Is not so easy for manufacturers in poor
credit to buy as some weeks ago. Manu-
facturers who have been making the best
goods have been doing well, but Others
have not.
A cablegram from Australia reports that
the total purchases on American account
now foot up 10000 bales against 5000 q
week ago. From this out 1t Is thought the
sales in Australia will diminish, as selec-
tions will be poorer, the best grades COM
ing in early. In one snstance, l4fd has
been paid there, which would be equiva-
lent TO cost laid down here Of 43c, but the
nf ha trnal knupht ID a hnnt lnN
laid down here, and Is also about the same
as year ago.
Among the more noticeable sales are the
following: $4,000 Ohio M and above 40
a4l!c; 800 Ohio xxx 42!c; 10000 No. l
fleece, S0s40r; 1000 Penn. NX and above,
30a40r; l25,0O0 Mich y, S5lS5c, 100000
Mich, IS; $1,000 TER, 24a25c; $500 Ore,
25s24c; 200, 900 Ga, &c; IA. .000 Tex, 24a25c;
10000 Y delaine, 40r; 5000 medium un.
washed conbing, 27c; 10000 unwashed
and understandable 27a30c; 10000 do. at
at 26a30c; 5000 do. at 25a20r; $4,000 me-
dun unwashed at 25l2Sc; 10000 fine un.
washed, pit, 75,C00 pulled, 30A4Sc; 10000
A super 4l!a42c; II 900 A super $50, 10000
pulled, 3Sr; 25000 secured at G4c; $500
do. at 35a42C; 22,500 do. at 55A65c; 10000
spring Cal at 274c; l3l 500 do. at 20A27c;
l00, ,000lall Gal at 124l5c; 62,0O0 do. at l5a
lSc; 10000 Aus at 40c.
GLOOMY OUTLOOK IN IRON.
PITTSBURGH, November 1.-THE work.
men in our iron mills are filled with the
gloomiest forebodings and apprehensions
for the future by the announcement to-
night that a number Of mills had closed
down owing to lack Of orders and the gen.
eral unsatisfactory condition OF the iron
trade. The mills referred to were the three
owned by Oliver Bros. & Phillips; the su.
perior Rail Mills, operated by the Kloman
heirs, and Moorehead & McLain's pudding
department, while Shenberger & Co. have
notified their employees that after Monday
their mill would run single instead Of dou.
BILE turn. By these suspensions over 5000
men are thrown out Of employment just at
the beginning OF winter, and Tears are en-.
tertained that II trade does not improve
very soon others will be obliged 10 close
down also. The only reasons assigned for
the suspensions are lack OF orders and the
prevailing low prices. Oliver Brothers &
Phillips say they may resume in q few
days, but can not tell. The otherssay they
will not start up until the trade shows a
considerable improvement.
A dispatch from Johnstown, Pa, says
the Cambria Iron Company have notified
their Eve thousand employees that on De-
cember 1st wages in all departments will
be reduced 10 per cent, owing to the de-
preston OF the trade.
Mr.. J. D. Wrecks, Secretary Of the West
ern Iron Association, expressed the opin-
ion that the iron trade Is far from being in
good condition. 0ne fact Is lost sight
Off said he, Figures will show that there
is less money In the iron business now
than there was during the worst days Of
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