The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-11-17
TRADE AND LABOR.
GENERAL BUSINESS sI1uATloS.
Growing ABSORPTION of Idle Capital a. Eu.
eOurAElnE sIrn-IrOp rpdustrJ-Mlnsrs
strike in Ohio ard the NIouOuGNh.ia
RiYor District Grain In Sight.


Special CorTGIpoRden6 OF the Enialioeotr.
PHILADELPHIA, Nov. l4.-Losses in Ger
tain lines Of industrial activity are Offset
by gains in certain other lines. leaving the
net results Of no less dismensions than Of
previous week.. The most encouraging
feature in The industries and trade ia the
steadily growing absorption of idle capital
which for year pas: has been the subject
Of uniayorsble comment in financial and
commercial circles. The absorption Ia
going on at the rate Of 100000 per
week, and so far as financial opinions go,
which ordinarily are otvory little account,
the unemployment Of capital will continue
until the surplus is reduced to healthy
and reason able limits. DisempIoyment OF
capital is the most favorable indication
OF industrial activity throughout the coun.
try. Most oft is going into avenues Of
production rather than HpeC ulalion, and Is
driving It's way into the South aud West
where 1t is finding the highest returns. =
THE IRON TRADE.
Tho Iron trade Is holding its own in
most branches, particularly in. Eseel rails,
which have advanced to S39> for 10000 to
5000 ton lots. Bridge iron Is commanding
81 To $Sperone hundred pounds. There are
no Indications OF any material falling of
in demand for iron or steel Of any kind,
unless In msrcha pt irou, which Ia being
crowded more and more gradually by mer.
chant steel. Work on the new mills Is
being pushed along rapidly, and next
years outpus will still further add TO the
competition with bar iron. Investigations
are being made with reference 10 the ap.
plicabiliiy of the English steel making
process In pudding furnaces with view
Of introducing it in this country nexs
year. The demand for all kinds Of build
ing material has not fallen of any more
thsn 10 TO be expected this season. Prices
are firm and production will be continued
To a moderate way for orders that are ex-
pscted throughout the wintsr. The out
put OF agricultural iron and steel has been
large, and most establishments are still
fairly engaged on orders that call for CON.
pletlon by The end OF November.
EASTERN NAIL MAKERS PLEASED.
The Eastern nail makers ere pleased at
the resolution Of the Western nail makers
to aght the strike out TO the end, and 1t is
now probable that a great many orders
for naila, which have been held back for
weeks on scc Junt Of the expected termi.
nation OF the strike, will now come and be
placed at from 10 to 10 cents per keg
higher. Natural gas companies are In the
market for botwcen fiteen and twenty
miles Of pipe, which will be wanted as
fast as It can be put down. Important
natural gas line proi -ctS are before the at
tention OF Eastern capitalists, and experts
are now investigating several questions
connected, not only with the feasibility OF
the projected lines, but the broader ques.
tions connected with the use OF natural
gas at remote points from wells. The
crude iron industry is in an improving
condition, owing to the TACT that quite
number Of furnaces have sold their pro-
duct ahead for from one to three months.
companits will have an oppor-
tunity Of slightly advancing prices, owing
10 the imroving tendency in Eastern
markets. Old rails are in very active
demand and supplies are far be.
low requirements. Quotations are SIS
at tide water.