The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-10-27
BUSINESS EAST.
rEnczrrrrLE REVIVAL OF TRADE.
The Advance in Steel Rail. and Pig Iron.
Tho Baz SlilIs- Condition OF Industries
Better and Tone of Confidence
NHniIsstsd-Gs snsrnI Trade Notes.


SPECIAL Correspondence Of he IHleIEUAer.
PHILADELPHIA, Oct. 25.-0rders for be-
tween thirty and sixty thousand tons oi
steel rails will be placed this week, Of
which nearly half is for the Union Pacific
and other railroads West. The balance
will BE- distributed between Southern and
Eastern companies, who are taking alarm
at the strengthening tendency in rails,
which are firm at mills at $3l to 81 80 for
small lots for early delivery. Nearly all
kinds OF iron aud steel have hardened in
price during the week, aud the bar mills,
which have as much business as they can
handle for thirty or sixty days, are in
creasins. Buyers hold to the belief that a
reSction will set in as soon as the bulk Of
early winter requirements RrO filed and
say,that lata winter and spring require
mGnts can be supplied at more reasonable
prices than manufacturers are willing to
accep! at present. The merchant bar,
sheet, plate and pipe mills Of the State
have more orders on hand than for twelve
months and certainly better prospeCts.
Pig iron has advanced in Eastern maY-
kets under activeiuquiries from large con.
sumers. Stocks are increasing and several
furnace managers propose going into blast
during November,
The authrarite coal trade is stronger
than it has been for months, under q
heavy demand from New England and
lake ports, besides heavy local demand
for manufacturing ard domestic purposes.
Bituminous quotations have advanced
slightly in lake ports, but in other places
prices chow no fluctuations.
The lumber trade along the Atlantic
coas. has weakened during the past few
days owing 10 the very heavy receipt
from Northwestern and Eastern poYts, but
a SCARCITY OF supplies from the South haA
enabled holders Of yellow pine to advance
prices On yellow pine boards.
GENERAL BUSINESS. -s,.,--
Orders for boots, shoes, clothing, ho-
siery, knit goods and cotton cloth have
fallen off hecauee OF thA heavy dis'ribu.
ton that has been made TO b6ers and re-
tailera, bat no reduction OF labor force has
been made, or will be, because Of the con.
uueuCc elloL oLLdIuCI Wy HhuulACtuIcId Ol
textile goods generally; that the demand
for reassortments during tho next sixty
days will absorb the present production.
Wool has advanced in price from TO
8 cents per pound, especially for medium
and low grades, and manufacturers
throughout the East ara making heavy
purchases in view OF the possibility OF a
still further advance. Agents from the
East are purchasing considerable lots in
primary markets, and holders there are
to refuse all business involving
the slightest concessions.
The condition Of the industries Is ger
orally better and tone OF confidence is
manifested throughout ali Eastern indus-
trisl centres. The demands for winter
have. been delayed and are now present.
ing themselves, and the expected distri-
button will keep all capacity buaily en-
gagged though not crowded. Manufacture
era will deal cautiously with the improv-
ing tendency, in the hope OF booking up
sufficiently with winter ordsrs to guAran-
tee steady work.