The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-10-08
STATE OF TRADE.
T4E SITUATION LFss ANIMATE o,
Bls satisfactory Volume ofrrade Being rsrs.I
The isrtstnsut In Real Edass-sliss OF Iren
SOt Stimulated By the Recent Rtdreiion.
The psma.d scr r.sl STEADY.

sOtstinulatsd By the Recent Reduction.
The psma'd '"r s"sl stssdI.
j Nh
NEw York, October 6.-The general
trade situation is less animated. AT some
western centers, as reported by specialttl.
hs. a,;o.ad oad : 49, ~ ,s.,,era.a hnt ~
uss quieseu' suu . i.Vie ,uVssia'e NV So,
isiactory volume oi trade has taken its
place. At eastern cities, particularly New
York. Boston and ph;ladelphia. the some.
,,,Sa. ,nesnao,a,, l ,;,,ar "a +.ha tslI ,nos,s.
wnat uheApecteu s'sof VI tpe iA.i iioye- p''
ment hiss given place to Transactions In
yolving less activity on the part OF jobbeis
and commission apents In dry goods. boota
- - - - 80 ~. IT, 's,,s.,s1
anu SHOES anu o'i'ei ies.eias iilies' speeiai
adyices from over htty cities as TO the pro-
gress Of building operations leaves no doubt
that the investment in real estate and new
buildings during the pest eight months, as
| whole, has seldom, II ever, been excelled.
The price Of wheat has gone of about gc
per bushel as compared with Friday nights
closing price Of last week, the result Of an
increasing visible supply, excessive stocks
abroad and lack Of export demand. Indi-
an corn Is about 90 per bushel lower on lie
week, largely due to the efforts OF the siicft
interest Some considerable shipments
abroad have been made, and a relatively
greater export demand exists for 1t than
for wheat. Provisions have been dull and
lower, but sudden advance at the West
Yesterday ran prices OF lard In this market
;,p about 20 points as compared with Ffi-
DAVIS closing figure OF last week. y
ocean freighls are dull. Scarcity of de-
sirable tonnage keeps charters firm. Petro-
leum tends lower as the new production,
Shown by the monthly report OF operations
as well as by the new wells which have
come in this week, rather offset the bullish
character Of the pipeline companies, re-
port for September. There was 1e0fail-
trcs in the United atce7sported to Brad
streets during the past yess; four less than
Ihe pfeceealng WEE, .n.tsysalns ISss Mets
@ seTenty.ionr more than The same week of
1882.
IRON.
The reduction in the price OF No. q foun-
dry iron from S22 to 81 per ton, made BY
the Thomas Iron Company, In this city on
Monday last, receives adequate treatment
in our regular editorial columns in this Is
sue. Thus far during the week no word
has been received OF like reductions by
other leading makers Of first-quality brands
Of iron. Aud sales have not been stifnu-
lated by the reduction. The situation in
the American pig iron market therefore re-
mains about as last week. II must be
added, however, that the market is, plainly
ly speskinp, very dull for September and
October, for whereas they should witness
an active trade, they have recorded want
4 orders which resulted In the cut in
prices noted above. No. 2 American con-
inues at $40, aud grey forge at $40. Com
sumers appear 10 have been lead to be-
iieye that another reduction Is not
impossible, for they seem quite
determined not TO take any more
han they need at once-in any
went. Sill these small orders aggregate q
very respectable total when the months are
considered. Bar iron is no better, quota
bly,, than previously. Mills are still solic-
ting orders, and the demand Is light
enough TO leave no room to increase the
margin Of profit. The steel rail mills are
III nnA ,Artnau ara aa Iaof tt,at,.