The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-01-19
TREND OF TRADE.
II. q. Dun y Co.'s i,oview of business and
Industrial Outlook.


Industrial Outlook.
New YoRE, Jan. 16.-R. G. Dun &
Goa weekly reyiow OF trade. which
issues tomorrow, will say:
There arc some good signs, but thcy
do not no yet extend to business
generally, which hesitate, a, much
as It has dono for months. Gold con.
tinucs to go abroad. $3.50, 900 having
Como this ,wook, and tho deficit Is al.
ready ovor S5,5O0,000 for tho month.
This state OF fncts, with tho failure Of
Congross 10 mako provision oil borrow
Ing or. for increasing tho revenue, still
operates to rctard u wholesome recovery,
and tho volume OF domestic trade repre-
sentod by exchanges through clearing
houses 10 again about seyon per cent
larger than last year, rs 1t was In the
frat weok OF that month, but 10 1915
per cont smaller than two yoars ago,
higher ratio OF decrease than for some
timo past.
Tho industries arc making larger
demand for some products aincc tho
new year began, but rather loss for
others, and definite improvement APP
pears In prices OF manufactured pro-
ducts or In wages. In the main, II Is n
waiting condition, with much hope that
tho positive Improvement 10 not far oil,
but not very satisfactory evidence OF /:
as yot.
Speculation has not boon exception
ally active nor generally encouraging
Wheat has snggod oil ono cont and corn
has declined lsc, in spite Of tho worry
low govornmont estimate OF yield, re.
ceipts being now larger than OF wheat
Petroleum has touched 81 again in
nominal price. but without activity.
There il somewhat more doing in tho
iron aud stool business, enough to cause
n shade Of lifting in prices for bcsscmor
iron and billnts ut Philadelphia, where
thero Is also improved demand for fin.
ishcd products, but ut Pittsburgh, all
changes reported uro downward. Yet
tho rail movement docs not gain, tho to-
tai shipment in 1894 having boon 1885,
900 tons and in spite OF larger demand
nails arc as low as ever. Orders for bar
arc not larger, though better arc expect
cd, and barbcd wlrc is in light demand
at 81 50. A combination OF lake ore
producers outside the Messaba mine Is
expected to advance the price twenty
five cents pcr ton and it makes some
difference at the west that the freight
on Connollsville coke has been reduced
ton cents at Chicago. Speculation has
depressed tin fraction and lead has
been strengthened TO So Is. The reduc-
ton Of -! to 10 per cont in wages is cx-
pected to start the tin plate works.
In wool there nre fairly large deal
ings, l0,67S,Sl5 pounds in January thus
far against ll,SS7, 500 in 1898. much OF
the increase being in foreign wool. Con.
siderable sales OF carpet wool arc re-
ported and better demand for terri
tory, while Ohio M is quoted at lie.
Tho important London sales OF Aus
tralian has caused como hesitation. The
opening OF heavy weight woolcns is be-
lievcd to indicate decline OF so to i0c
in goods costing $ or over aud l.! to
20c in goods costing from - to So per
yard, but many makes have not yet
been shown. While there ia much
waiting in this industry, there is evil
IDENTIFY hopeful determination to meet
foreign competition.
Failures for the week have been 373
in tho United States against i07 las.
year, and 80 in Canada against &c last
year.