The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-09-10
qaR NAILlRApR
Priess shHsnlpg Up-Lask OF Cooperation
ontheP Part efthsJebbeEE RsaFed.

Prieol StiHsnlng Up-Laek Of Cooperation
onthsP Part pfthsJphbeFE Feared,
Last Friday morning q gentleman
prominently identified with the nail In
dpstry, speaking through the IHERllI'
sEScER, gave = littlehponthe nail trade
to the effect that there was a good de,
mand for nails and that, prices were
stlfBening perceptibly, He predicted
that by Monday, yesterday,p ails would
be quoted much higher than they had
been for quite awhile,
Yesterday inquiry was made into the
condition Of the trade, One gentleman
said; 1.-THE price Of cut nails 10 gEadu:
ally stillening, "A few days ago three o.
the mills here advanced the rate toS2 10
for assorted sizes. and to-day one or two
Of them advanced It still furtherto y 20,
deeming It pnWise, Rs II certainly II, 70
sell nails for less than this price, when
steel slabs have actually been sold IN
this marketior $50 per ton,
"a good many orders have been book
ed all the way along from II VOtoSs ~,
and these nails will be check on the
market in the competitive hands Of Job
bers. This isthe old story OF an adYApe'
ing market, and 1t Is no new thing 70 see
The mills hampeEed In this way by their
want OF cooperation, The dissolution
Of the recent association has already cost
the cut nail mills a good deal Of money
They will probably lose considerable
more beiorethe year Is out, The pres
emit six months was an opportunity
wherein TO retrieve some OF the losses o.
the past, and the old fable oil the bundle
Of sticks is once more worthy OF re-read'
ing"
Another gentleman Interested In the
nail business said last evening, in speak
ing Of tue situation; "1n accordance
with the recent advance In pig meta
and steel, the price Of nails has been ad
yanoed to So rates, iree-on,board at tht
Wheeling mills, While 1t has been sup
posed that the dissolution OF the West
ern Gut Nail Association would proven
a uniform advance la prices, yet the con
trary appears to be the fact. There haI
been q singular upunimity Of opinion II
regard to this matter, and the evidence
that II is permanent are many, notabl!
The high price OF steel slabs which hayI
been sold IN this market at $50 per ton
"There Is a strong upward tendency
Further indications are that all mqnp
! aclurers Of iron and steel are pushed !
their utmost capacity, Not only IL thi
the case In this market, but tits general.
"There has been q tendency Of late,
this gentleman continued, ITO quot
nails so that the average should be sue
that 1t would net the manufacturer
!. certain price, but as they have. bee
, compelled 10 advance them rapidly, u
necessity for making ap average OF th
specifications has been lost sight Of o.!
, the card price to-day is accepted by tn
/ mills in Wheeling as 81 for twelyes Il
car lots. This figure Is the net, or CT
| load price" :,
. In conclusion this gentleman said
at would mot be surprising II malls 6
higher, as the the indications are for a
. advance in coke and the other ingr'
, dents usedin making steel"
!. Apropos OF the nail business, there
, noted the election Of {, 4. Wallace, Esq
Of this city, to the presidency OF u
Jefferson Mill OF stepbenvllle. 1t
predicted that Mr.. Wallace will makea
\ efficient officer,