The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-09-10
STATE OF TRADE.
AN IMPROVEMENT IN BUSINESS

J. narks the Opening Of Psll-Gsnuipe Revival
+ the JObblng Tradt-Ths IrOa Trade Picking
> up-purchlssrs Carsfal-rhs Wool Market
! Holding Its 0us-PrIees Aors Firm.
8 NEw YoRE, September Especial tele
!, grams to Bradstreets from the principa
trade centes Of the United States repor
} that the first week in, September has wit
messed very general improvement Ii
business. Special mail reports to Brad
, directs bear striking testimony to the opin
} ion that the general jopbing trade Of tn,
, country Is experiencing genuine revival
, Stocks OF staples in iobben' hands, witt
the exception Of dry goods, have beer
kept low, and sales have been kept well il
hand and at shorter terms OF credit. Al
the present time the fall demand has mo-
only plainly showed itgeli, but is visibly
increasing. Even from Eastern cities
which have been slower to feel the renew.
ed movement than those closer to the
great grain and cattle growing regions, word
nov comes by telegraph that the past week
has shown an unexpected gain in orders
and shipments. Kansas City, st. Louis,
Minneapolis, 81. Paul and Chicago are ex-
sperienCing the full tide OF the early fall
trade, and late dispatches indicate that
Philadelphia, Boston, Cincinnati and Balti:
more are in close pursuit. The industrial
situation in general remains without
special change. The building trades at
New York are still at war with the
workers in that line who are not trades
unionists, and leading glass manufacturers
have not settled the dispute with their en-
p!oyes. On the other hand the striking
iron mill hands at Troy, n. y, some 1000
in number, have returned to work, and the
leading metal industries elsewhere are
fairly we'll employed. At Philadelphia and
vicinity the stoppage OF portion Of the
cotton and woolen mills still continues.
Wheat has declined over &c per bushel on
the New York market during the week,
but has sustained partial recovery since,
owing to covering oil shorts, renewed in
quiry and reports OF rlfavoEAhle weather
ut the west. At Chicago the decline was
greater, the maximtm being &c per bushel.
Indian corn, in sympathy with wheat, fell
away about like amount. Excellent ma.
turing weather and reports OF very full
prospective crop aided this. Reports yes
tsrday Of cooler weather at the west and
northwest advanced prices Of that cereal,
and the movement WAS aided by heavy
shipments from western cities to tidewater.
Provisions declined sharply in the frst
half Of the week, but on Thursday and Fri
day recovered good portion thereof,
closing firm.
1t is conceded that the general condition
OF the market at New York for American
pig iron is somewhat Of an improvement
on that previously reported. Consumers do
not anticipate their wants and persist in
purchasing in ten and twenty-five ton lots
as required, but the sales are much more
frequent. One prominent dealer reports
that, while he finds sales small and petsist,
emily SO, he has bsen gratifisd in summing
up the business for August as well as for
July to find that the aggregates exceeded
those OF the corresponding months In 1882.
In this way then is the revival OF trade in
the raw product making itself felt, for rthere
can be no question Whatever that the de-
mand for pig iron is in excess OF that which
existed thirty, sixty or ninety days ago.
prices are firmly held and nopinally
without change. For small lots Of best
grades OF No. ! American S22 50a23 90 Is
demanded but TO regular customers S22 90
will secure such iron as may be ordered.
Remaining grades are without failures
worth speciiyiug. At various points In the
west noticeable Improvement In pig as
well as in certain lines OF manufactured
iron has taken place. Importstiops Of
Scotch pig iron ut New York have been
rather below the general weekly average,
amounting to but about 1000 tons, against
about 1900 ions per week for some months
past. Sales are not large. Some lots OF
inc quantity which reached this port hav.
ing been landed on distant piers, and be-
ing without bidders at the moment, were
nut into store to avoid sacrifice. There
have been no concessions in Scotch pig
;.on. however, which continues fully at
prices last quoted. Old 7 rails are very
scarce indeed. The nominal quotations are
So 56a2S 90, but none can be obtained at
that figure. Apyrsquirements which are met
are securing from Soc to 81 in excess Of the
figures given Perhaps the most striking
feature Of the doneatie iron and steel mar
ket Is 10 be found in the very heavy pro-
duction Of steelrails whichis taking place at
present at what was once considered the
exceedingly low price Of S3750ASS.00 per
ION, One millslone Ia turning out rails at
the rate OF 10000 tons per annum. I'll
was not very long sgo that the steel rail
mills found much fault with the reduction
OF the tariff on their warea, and the i'm.
preston went forth th0t this great domestic
industry was 10 be seriously hampered
thereby. They have, however, gene busily
to work and are well filed with orders at
current rates. 1t may be added, in refer.
encs 10 pig iron, that stocks are not accu.
mulating, In fact have been somewhat de-
creased. The above features OF the iron
and steel markets do not constitute causes
OF complaint. There is no "boom"-but
the trade may be all the better of, not
withstanding.
- WOOL.
BosroS, September s.-The AdVerti'T in
;ts weekly review Of the woel market says
The sales as reported show that the larGes:
volume Of business was one in territory
woods, and from the fact that about 10000
lbs. wero reported on private terms, it
would look as II the buyer had obtained
the best OF the bargain. The general re-
mort seems to be that Texas, Kansas and
Territory vools' are, i anything, easier
than a week ago, and sellers are more dis
nosed to coneede their point to effect sales.
Erom tLe faot that numbsr Of round lots
were placed during the week, It appears
that manufacturers consider those woods
good buy, and from the present
lone Of the woollens trade 1t ap.
pears that the principal cause tiI
he large movement in the LEGS desirable
grades 81 waol must be their present cheaI
Ress. oa theother hand, while the cheaper
grades OF wool ara weak, the more d.sir.
sbIe lines OF combings, delalnes and y y
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