The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-11-03
TREND OF TRADE.
Markets Tending Downward and Produce
ton Below Two Years Ago.

Markets Tending DOWNWARD ana FFouuo.
ton Below Two Years Ago.
NEW YoRK. Nov. 2.-R. G. Dun & Co.
weekly review OF trade. which issues to-
morrow, will say:
The last week OF October, with an OK
citing election near, cannot indicate
much OF the true condition OF business ;
in some trades the season is too tar adj
yanced for great activity, and in others
the supposed effects Of the voting hin.
der operations. But It Is satisfactory
that the volume Of production is well
maintained, and in one or two branches
increased, that no momeniary difficult
ties disturb, that breaistuHs are little
higher and that no material decline ap.
pears during the week IN manufactured
products. At present the volume oil
business transacted is on the whole
smaller than last year, and much
smaller than ia 1902. though presi-
dental year was then close at hand.
Corn has advanced to 4 cents, with
western receipts about third aud ex.
ports about an eighth OF last week. Yet
pork and hogs are a shade lower with
lard about tho same. Wheat is three
fourths OF cent higher for spot and
one cent for December and looks as il
strength in corn had prevented q fur
ther decline, although when receipts
were only 4,587,670 bushels Tor the
week against 6,50S,l7l, last year and
Atlantic exports increased to 696,566
bushels against 740, sos last year, tue lr-
reslstible force is Of course the enor-
nous accumulation, which continues
although producers may naturally DO
inclined not TO sell at current prices.
Cotton is again lower, spot being 81
cents, with receipts 80 heavy that the
large crop estimates are favored, though
it makes little difference in the real
prospect whether the yield is half a
million or million bales greater than
the worlds requirement, with great
stocks OF old cotton in sight. The de-
preston of cotton and wheat and the
partial loss OF tue corn crop must be
reckoned important causes OF hesitancy
in the retail distribution OF produce.
In the iron industry the chief activity
is in structural work, bridge and other
plates, while the demand for sheets is
somewhat diminished; bar and wire
show no improvement and nails are
weaker.
The average OF quotations for various
kinds OF iron and steel is 8 pcr cent
lower than in July, 6.5 per cent higher
than OF the lowest point in April, and
20 per cont lower than in July last year.
A conference of steel rail makers re.
suited in no change Of policy, though
purchases OF English rails by Mr.. Hunt
ington, for Pacific delivery, and by
Canadian roads indicate that American
makers are losing part OF their natural
market.
In woods the fall and winter demand
is disappointing, though still fairly
large for the season, but the expected
supplemental orders do not appear,
and great uncertainty prevails rs TO
spring goods. No changes OF price are
noted. Manufacturers are not disposed
to produce IN advance OF the change
January l, and 60 are buying only for
current needs. and at the west it is
complained that wool goes begging
at prices below the parity OF similar
wool abroad on the secured basic. At
the three eastern markets sales for the
week were 4,004.9OO pounds. against
4,45S.50O pounds last year, and 7.056,953
in 1899.
During the past week failures have
been 249 ia the United States against
35S last year, and so in Canada against
2S last wear.