The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-11-03
STATE OF BUSINESS.
IRON AND srEEL MARKET eEvIvED
And Prices Advnncsd-wo Said to bS Less
Active - The Movement Of General
Situation In CONNER.
cISl Circles of the Country.


Special Correspondence OF he IiGtelliScner.
PHILADELPHIA, Nov la somewhat
general movement on the part ol users OF
iron and steel developed itself this week
in New York, Pennsylvania and lake
markets. Sales OF over 100. 600 tons OF rails
were made at $50 to SIS. Bridge, plate,
bar and wrought pipe iron were ordered
literally. Nails continue scarce, and un-
less the West resume further advance is
likely to result. Merchant steel, for
machine shop, tool shop, railroad shop
and implement use will not advance no
matter how active the demand.
The week has been very active in the
lumber trade, because Of the stocking up
by wholesalers and retailers for winter, in
white and yellow pine, hemlock and most
OF the hardwoods. Prices are firm all
through the list and II moderate logging is
done this winter, lumber will open firm in
the spring, but heavy log crop will prob
ably weaken prices.
Wool OF medium and low grade varie-
ties Is less active, because manufacturers
have purchased nearly all they desire.
Prices Of products forbid higher wool.
Carpet manufacturers will curtail produc.
ton this winter and advance prices FIVE
cents per yard on the spring trade. Tho
print cloth manufacturers propose TO pool
all their cloth, and committee ia now
perfecting plans TO pool, and II possible
advance prices. Exports OF cotton goods
have increased from 75. .o62 packsges 0Cto-
Der l, 1875, to 155,0G packages October |,
this year. A large clearing out, OF dry
goods will be male by New England cor
poratlons this month at low prices to
make favorable reports December /. In
hosiery, jerseys are well sold up and
scarce, aud knit underwear is sold ahead
Of supply. Clothing manufacturers arc
quietiug down after the heaviest season
for years and bargains in stock remnants
are TO be had.
GENERAL LINES OF TRADE.
Movements in general merchandis, are
restricted. Wholesalers and manufacture
ers are preparing for spring stocks.
The boot and shoe m manufacturers are
still full Of season orders. Massachusetts
shipments SO far this year are 2,2OJ,370
cases, against 2.223.0Sl cases same time
last year, an increase Of G2.2OS cascs. AT
New York and Philadelphia orders are
coming iu freely but in smaller lots, and
prices show no weakness. Manufacturers
have instructed obbers that prices aae 40
and 50 percent off on rubber boots.
Anthracite coal has advanced from 10
to 25 cents per ton. The full production
Is absorbed. Bituminous Is stiEsning in
price in lake and river markets, uader q
generally healthier manufacturing Condl.
ton. Buyers, large and snail are finding
it advisable to place reasonable orders, but
there is no possibility OF any serious ad-
vance.
The volume OF surplus reserve in Bos.
ton, New York and Philadelphia banks
has declined $40, 900, ,00O in 90 days, due 10
the increased demand for that amount OF
capital. Labor is paid to 10 percent bet
ter than during the summer and less COM
plaintis made in mechanical employments
Of unemployment.
Trade combinations will be attempted
this winter on an extensive scale in order
TO reduce the output and enter the spring
trade under more favorable conditions,
but while some success may be met with
the prob Ibilities point to a long era OF
moderate, and in most branches declining
prices, because OF the increased manulac-
turing capacity going on in all manuiac-
turing States and 10 the increased agriCul-
tural production,