The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-12-15
TIDE OF BUSINESS
STILL REMAINS AT a Low Err
Although Some Points. Report Slight I'm.
rro'cn'ent-l'rcn'lstuIs nnd Provisions
Lower-lron Continues to neciino.
Wool olnrkct-Coic Trade Fiat,

NEW oRk, Dec. li.-Spccinf' dispatches
10 Bradsirtets from lca,ling trade ccntc,s
report thNthoiday purchases are exhibit.
ing n contrast with the inactivity previ-
J onsly noted, yet tho volume OF such sales
IS almost uniformly below tho total for
1888. Aside from the continued llrmncss
In tho New England cotton goods markets,
uue to the recent firmness in the price OF
raw cotton, and with the exception Of n
slightly improved distribution Of goods at
boston, Memphis, Wilmington anl sa.
yannah' general trade ut MI points il at rs
low ah ebb us ever. A more conspicuous
feature Is found IN the long.continucd and
pronounced dullness Of mercantile colIcc.
tions Rates Of exchange on New York
ut interior points have declined in most
instances. There Is no change In the In.
dustrial situation. III --0-
Wheat has been influenced by the UNI.
eSpectedly. heavy receipts OF wheat mt
western points. II is evident that farmers
arc being forced 10 take what they can
get, Cash wheat ut New York was weak
or Friday, closing Mt S3c, loss OF llc on
INC week. Corn, too, was lower, ON tho
falling off OF demand after special dcliv-
eries earlier in the week. Cash closed Mt
o3c, q loss OF 3c. Oats arc sc higher, at
3ZSc. Hog products have been weaker
anu prices lower. Lard (rcfncdt closed
at I.3Oc, loss OF 15points, and snot mess
pork closed at ST. SOFA decline OF 25c Der
barrel. In the dry goods markets buyers
arc placing orders with increased conf.
dence and sellers are trmer, but specua-
tive activity is checked by reason of Tho
conservative outlook for retail tradc.
Ihere were 3lG failures in the United
States during the past week reporled to
6radarcets. as compared with o0G in the
preceding week, and with 2i0, 80 and
lC5 respectively in tho corresponding
weeks OF 1883, 1852 and 1881. About ST
percent were those OF small traders whose
capital was less than 5000. Canada had
-, 4 decrease OF Is.
IRON.
All conditions arc of now, and No. IN
pig iron is quoted for future delivery at
SIS per ton against $40 per ton on Dcccm-,
Der IL, 1855, decline Of 81 per ton-a de-
cline Of is per cent. during the year. No.
. \ is held at SIT and forge pic iron at
Sl6. Since tho cut by the Thomas Com
pany tLehigh iron) following sharply upon
tho publication Of tho extent 10 which
southern pig iron had been sold in the
east during 1851, the Glendon furnace
(LehiSh iron) and the Andover New Jcr-
sey, have announced $40 rs their 1885
delivery price for forgeirons. This action,
in addition to that taken by the Thomas
Company, puts No. anthracite pig iron
unmistakably rs low as SIS per ion, and
reveals the unexpectedly heavy southern
pig shipments to the east lin 1851 us tho
impulse. There is no gain in bar iron
prices, which are very. low. Many mills
are idle and more arc running on half
time. Steel rails are still down 10 s97rnd
SIS, ut which prices some i0,o0Otons have
been ordered within fortnight. RE-
wool.
BosTo%, Dec. l3.-The Alrcrtiser in its
weekly, review OF the wool market saws:
The business this week has been very
similar to that for the corresponding week
last year, or 5000, 900 pounds this week
against 8, 10000 last year. The demand .
has been more general, and sales would
have been much lurger had the offers of i,
manufacturers been accepted. This i'm
proved demand, with the large sales for
the past few weeks, has given a better
tone to the market, without any ouotnblo
advance i'll prices. 1t is no longer n mar
ket favorable to buyers by prices being
easy. Woods, for which few weeks aro
there was little or no demand, can now
be more readily sold at prices then asked.
This is the main feature OF the impr0vc.
ment in wool. e.. -