Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-01-01
THE NEWS.
Business

Nn"Na1'
Thrgraiu trade of Philadelphia shows
| q very marked falling of during the
wear. The receipts of all kinds of grain
IN l>.9 were S,655,025 bushels: in 1851.
| 4,&63.H67 bushels, and i'll lSS2, ,9l2, S5I
bushels.
The Wall street Bears look for
a declining market, giving u, rea-
sons that keene'S privilege on Jer-
Scy'> and Sage'S privilege on Wabash
and Western Union will expire January
l>t. They also assert that Gould AMI
Vanderbilt brokers were selling stocks
Saturday, aud the i'll effects of these
dealings would br experienced between
now and January 9th.
There is now starting a rumor that
The Nickel Plate i To he united with
the Lake Shore Road. The Nickel
Plate Was sold about two months ago to
unknown parties, and the sale has
never been fully explained, although
Vanderbilt has the credit, and it is as
we'll he should. Vanderbilt owns the
AXE Shore, and it is his pet hobby.
| lie kuuwS there is u law in the State Of
ohio against the consolidation of two
paTallel lines. In view Of the law he
will have to retain a separate corporate
existence, even should he place both
lines under one management.
There i 3 general complaint in the
trade tuat business is dull, and it is at
tribu,ed TO the uncertainty of the action
Of Congress upon the bill for the repeal
of the internal revenue tax and the
measure looking to = revision Of the
tariff. Ii is hrld that if the uncertainty
is removed by the repeal of 'he tax A.
soon a. possible it would be even better
for business. Up % within two months
the trade Is represented - having been
good, and a. comparing favorable with
that Ofthe year 1851. The Havana pro-
duCtiOn was better than Il has been for
years and good prices We're realized. NJ
present the yield is too dark, and Segars
dO not command a. good prices. Lighter
UOlOTed leaf finds rradiyr market. At
| present business l. fiat and the outlook
Is not regarded - encouraging.
The trade i'm wool for the past year
has been marked by q decline in price
of 10 Per cent, although the business
| for the first ten months in the year was
satisfactory. From the first Of the year
until March the decline WAS about ,
Per pound, after which for four months
business took an upward turn. and the
falling ulr was comparatively slight.
From July until the OatOber elections
there was a very satisfactory condition
If the market. and prices were well
maintained. A. soon a. il became evil
lent. however, that there would prObI-
hly be a change made i'm the tariff, BUS
ines- again fell OF rapidly, and at the
close. OF the year manufacturers are eau
,iOu>, and are generally buying only for
immediate wants. The decline in price
| for the past two months has been equal
10 about nne.half of that for the year,
and d, is believed that a basis has been
| reached upon which business can be
conducted if the proposed changes in
the tariff shall be contained in the new
Jaw. y few of the manufacturers have
heen willing To take the chances OfpUr-
| chasing at present rates on the cOuvic-
ZION that the proposed measures will be
| adopted, AMI merchants have been will
ng to make sales nj the deCliAe, chOOS-
| NJ rather TO suffer what losses may
ave been incurred than To take the
skS. The prospect for the new years
| usiness hinges entirely at pres
| Mt on the action Of Congress.
i prompt measures are taken 10
-tabli~h d, permanent tariff on the basis
| low proposed, the prospects are that
business will revive on the basis ON
| which t stands at prv~eut.SuCh changes
as vii. occur 10y the mobilization Of the
/ present law having been fully discount
| ia during thr past Two months. Until
/ the law Is passed, however, and full
/ confidence lu tae future established,
the wool trade promises TO remain in
| its prr-,ut unsettled condition, both
producers and cOn>UmrrS being content
" waIJ for something tangible on which
10 base ,lejr calculations before cNten'
Sivr operations shall be resumed.
Receipts Of wool at this port for the
. I4~i seven wears: