Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1885-09-06
PIG IRON IN DEMAND.

And a Better Outlook for Nearly All
i Glasses of Produce and Investors.
| NEw YORK, September THE general
husiness situation, as were reported BY wire,
to Brsdstreet's, continues quite as favorable
as reported last week. The activityis main
u confined, as heretofore noted, to print
cloths, bleached cottons, wool and boots and
shoes but the features OF the week is found
in the improvement noted in Eastern iron
markets. Notwithstanding the reported
gain in this lire at the South and West,
manufacturers and dealers east Of the ALE
shenies had failed to report a like gain.
Within the past week the improvement has
become more general.
The inquiry for pig iron has increased,
and one sale at New York is noted Of 1000
tons Of forge at $l5, for which $l4 so had
been offered. While no one in the trade
admits the likelihood Of a boom, all appear
satisfied that there is better business in
sight. Dealers in Scotch pig have advanced
prices SOC per ton, and orders have been
cabled iu some instances for shipment to
this port
Steel rails, for moderate sized lots, may
be had at $28@2S so, while smaller guam
titles command S29. No large order, ex-
tending in delivery beyond January l, will
be taken at these figures One small lot
for prompt delivery has been sold,duriug the
we, k 81 $32, furnace delivery Scotch pig
at Glasgow is 9d@ls higher, with some
speculative buying.
The movement of wool at all sesbosrd
markets has been liberal. Prices are firm
and gradually advancing. The six weeks
gain is sustained, and production is In ex-
cess af that at the like period last year.
rhe movement OF dry goods from agents
and jobbers' hands at the East hes oeen
tree, and previous advances are fully sus-
tanned. August sales of dry goods at Bos'
ton were heavier than those in that month
ofls84 The movement of general mer-
cbandise, affected as it is in the lines noted,
is regarded as seasonsbly active. The lack
of speculative activity in the cotton market,
lower Liverpool quotations and an unex-
peetedly favorable report on the condition
of the growing cotton crop by the National
Exchange, are all responsible for the decline
in apots and futures.
Wheat growers Weat and Northwest are
holSipe back their grain, and the result in
some regions will be TO unfavorably affect
general trade. The price Of wheat contin
ues 10 disregard the short crop and the
probabilities of heavy demands for surplus
grain by foreign buyers. A special to Brad
streets reports serious damage TO the crops
in Minnesota and Dakota from frosts. Gro
Gerry staples are quiet, with the exception o.
sugar, which shows an improved consump
tive demand. Dairy products are higher
with an Indifferent demand.
Petroleum presents no new features. be
yond some slight speculative activity. Pro
visions have been lower and in only Domi
nal request.
There were l69 failures in the United
States during the past week, as compare,
with l46 the preceding week, aud with l78
l42 and III respectively in the correspond
ing weeks of 1854, 1883 and 1882. Abou
81 per cent were those of small traders
whose capital was less than $4,000. Canad'
| had I, an increase of9