The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-12

NEW YORK, Sept. l1.-R. C. Dun 4
Co.'S weekly review OF trade tomorrow
will say:
Better prospects and relief from none
,tary enXicty do not bring larger de.
mands for finished products, though
large buying OF pig iron, wool, leather,
hides, cotton and other materials con-
unue TO show growing belief that a
general upward movement IN prices will
come with the rcplenishmCnt Of dealers
stocks this fall. Most prices arr cX-
tremely low, 80 that nothing more than
ordinary demand would advance. But
bank failures at New Orleans cause
temporary hesitation, crop returns in
dicate disappointment in some cotton
and some spring wheat etatce, prices Of
corn and oats make Il Improbable 10
sell at present, the number of manufac-
tuTing works and mines In operation
does not gain, but rather dccrpases, re-
ductinns OF wnECs are somewhat numer-
Gus, occasionally resisted by strikes, and
all these conditions diminish for time
the buying power OF the people, While
many think general Improvement can
not come until the election has removed
political uncertainties, others expect
soon TO see the result anticipated in
trade.
The weekly output Of Nig icon de-
creased G6.51S tons In August to l30, 500
tons, Agalnst 2l7.SOO in November, a
shrinkage OF 40 per cent Other works
still have stopped since September be-
gan. Unsold stocks increased 62,O67 tons
In August, exclusive OF those accumulat-
Ing In the hands Of the great steel COM
panics Strictly not one-hAlf tho iron
making or iron working capacity is now
employed, and the demand for finished
products does not grow, but heavy
speculative purchases Of pig, especially
from southern works, have SUSTAINED
prices. II the extent OF private couces-
Eions could I've known, perhaps they ara
less TO secure orders than they were two
weeks ago.
The output Of ConnclIsvillc coke was
6h, eeI tons weekly, against $4,000 Oc-
tober last year. and 6,4o0 ovens are at
work against 1851 then, with 10000
workers now Idle.
Sales OF wool for the week have
about equalled the normal consumption
for the first time in several months, not
because manufacturers have more or
derS, or are doing more work, for no
gain Is seen In the demand or output.
The buying Is mainly speculative, based
on the belief that prices must advance.
No considerable decrease appears In the
enormous stock OF print cloths, al
though the output has been reduced
about half FOR two months and a fifth Of
the years production remains In the
hands Of makers. but they have advanc-
ed the price thrce-siXtecnths during the
week. For other goods there is a better
demand, and manufacturers have ad-
Tanced prices because OF the rising cnst
OF material. the average for nil CottOns
having risen 5.5 per cent elnce August 6,
but stocks OF many kinds nre Large.
Wheat declined a cent, but then I'D
vanced. closing cent up for the week.
Western receipts still exceed last years.
Accounts Of disappointing returns In
spring wheat states are numerous, but
It Is difficult 10 reconcile short estimates
with heavy marketing at low prices.
Corn Is almost wholly out Of danger anil
the yield Is generally expected to he the
largest. as the price here is tho lowest,
| ever known.
Failures for the week have been 2lh
In the United States against iS1 last
year In the United States, and Il In Cam
ada REnlnst q last year.