The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-19
NEW YORK. Dec. 1S.-R. G. Dun
; Co.'S review OF trade tomorrow will

NEW YORK. Dec. JS.-R. G. Dun
&: Co.'S review OF trade tomorrow will
say:
Cuban reports. unusual cloScncss Of
| money In Germany and the decision that
there Will be no action on the tariff at
this session have not really changed tho
| GituatIOH, but have been talked about
as II they might change 81. A sudden
demand for gold from Germany just be-
fore the close OF the year. IL not unusual,
nor docs It count for much. No facts.
but only desires or fears, have led some
10 look FOR change OF tariff before
March, and considerable speculation
based on that idea has been srrested.
but other business waits for the gradual
Improvement in the consuming demand.
The holiday trade Is generally large.
though at some points more confined 10
cheap goods than usual, and the lniiu-
cncc Of an increased working force Is
felt in other ways. But until the new
year the only material changes expect
ed are such as prepare for large business
next year. In the Iron and steel indus
try these appear OF tho utmost lmpor-
tancC
Exports OF cotton are naturally slim.
ulItcd by lower prices, and with forced
liquidation OF important speculative op-
crat! Ions In cotton II has declined 10 7,
recovering TO 7.l9c. July 15 the price,
was I.OGc, short crons stories raised 1t to-
S.S1C September 10, and 1t has now gone
back abCu: 10 the startling point. Re-
CeIpts from plantations continue heavy,
while commercial stocks here and
abroad are only about as large as year
ago, when the movement had been L.
lVJ.000 bales less. The demand for goods
In Ihis country falls below the Increased
production, and the market Is weak with
the prices OF some jObbcrs' bleached
goods sharply reduced.
Speculation In wool has halted, sales
for this week being 3,72l.200 pounds
against J,iS0,000 last year and 5,65l, 400 in
49,, and concessions Hr" more frequent,
Ohio M selling at 19c, against 20c re-
Gently. The demand for goods seems to
have been postponed until after the hol-
days.
The control of the Mountain Iron Mesa
bic mine has been leased for fifty years
OK purchased by the Carnegie Interest
from Mr.. J. D. Rockefeller, the ore to be
shipped by his new steamship line on
the lakes, and by the new railway which
the Carnegie company Is building TO
Lake Erie. This. with the erection OF
IL new open hearth furnaces. making Sc.
ensures enormous increase OF product ct
tstlt Wv NlE5- EtI1u W Ia SlItEl
b!aatons IN steel products or in ore. The
billet pool has practically dissolved, and
sales are reported NJ SIG 70 SI7, with
contracts 10 supply consumers through
most or the whole OF next year. The
beam pool has revived and restored the
price 10 sis, but nails and steel bars are
a shade lower. The rail- association has
been In session and our Philadelphia dis
patch states that rails are sold 1t $25.
against SIS, long maintained. Bessemerl
p:G and grey forge are shade lower at
Pittsburgh. Virginia and Alabama iron
are offered 25c lower a. the east, and
with so much uncertainty regarding
great changes in progress. very little Is
done in finished products. and generally
n concessions.
4 sale OF 100000 pounds OF lake cop
per IS reported II 1lisc. Coke produc-
zion is Increasing. with contracts re-
ported at 81 So The boot and shoe in
dustry IS near the end OF the orders, re-
cclvlnE scarcely any OF the advances
asked, but eastern shipments are still
large
Wheat rose about 20 Monday, but de-
clincd still further ard closed &c lower
for the week. The receipts in TWO weeks
have been 6,G2j,SS2 bushels. against H.
600,5S7 last year. and Atlantic exports
for three weeks have been, -four irclud-
cd, G,92l,IH bushels. against 5.907. .S2i last
year. NovcmSST exports, flour included
We're 1885. 1876 bushels. against 41,S32,l40
last year, OF which Pacific were 5.SlS,1i9
against i,405.30l last wear. For three
months the exports of cotton anu bread
Stufls only have about equa!ed the total
value OF all Imports
Failures for the week have been 3s7 In
the United States against 317 last year,
and Il IN Canada against 50 last year.