The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-12
TREND OF TRADE.
IL. &. Dun & Co.'s Weekly Rrvltw-Tht
General business Outlook.

NEW YORK, Dec 1l.-R. G. Dun &
Co.'S weekly review of trade Tomorrow
Will say;
The approach OF holidays and doubt
about the action OF Congress put off fur
ther Improvement until the new year.
While Industries have gained In work
ing force, they are waiting for commen-
surate cain In demand, and meanwhile
ufe trying TO clear away cmbarrass-
mcntB which restrict them.
The wheat market has weakened with
less gloomy news from other countries
and lIrSer western receipts though only
3,Ggl,3H bushels against G,O05. .404 last
year. Disappointment about the break
IN prices may help to Increase receipts.
Atlantic exports were but 2,f55,65l
bushels, -four included. and for two
weeks have been but 4,7IS,l1S bushels
against +.l72,4+S last year. Pacific dis
patches show that exports continue very
heavy and about 100000 inns more are
available from California. The market
has declined ~ and the decrease in de-
mard for -four with high rail- rates has
closed nearly all the Superior. Duluth
and Minnesota and many OF the other
northwestern mills, Cotton has de-
clined 3-l6c In spite OF all the stories that
the cup has been nearly marketed, con-
tinues to come In steadily. With over
100000 bales In sight already. there are
estimates based on government reports
that the Yield is $500. 600 bales or less.
which would leave but 3.SO0.O00 to come
forward in eight months and three
weeks. When the official report first
came there was a rush OF buyers; a few
minutes turned the current and n rapid
decline followed.
The iron output for December was
li2,21S tons weekly. against 1907 No
vcmbcr and 2l6,I9i year ago and un-
sold stocks reported were 81 900 tons
smaller than last year, but these do not
include stocks OF the great steel COM
pancs. The Industry Is for the time de-
moraliZed by uncertainty regarding the
great combinations. The formal with
F'Jtrawal the Bellaire Company, broke
tfe billet POOL. but meeting IS In session
TO reconstruct It II possible. The beam
makers also meet this week TO revive, II
they can. their compact, and the steel
rail works will meet shortly with the
prospect that one Important concern will
20 out. and that II others are kept to-
gether prices Will have to be materially
reduced. The bar association scarcely
prctendS to control prices, which are
slightly lower this week for steel. and
the rupture OF the nail association for
the time left the bar price for wire nails
about 81 80 at Pittsburgh. with extra
charges on ordinary aSsortmentS aver
aging l" cents against s. 50 paid last
month with extras averaging 20 cents.
Until the future influence OF these COM
blnatlons Is better defined. narrow trad
Ing must be expected. and Bessemer pig
and gray forge are slightly lower. Minor
metals are generally weaker; tin at
1890: copper at Tx for lake, and lead ut
2.S5 cents. aluminium has been reduced
from 30 to IS cents for inGots. ten lots
and Go to 80 cents for rods, production
having increased four fold.
The textile industries are working
larger force than In October. but there is
not much evidence OF larger demand,
and some kinds Of goods are accumulat-
ing. As raw cotton is lower. some yield
Ing In prices of staples Is expected.
Print cloths are weak in tone with
enormous stocks. Woolen goods are not
In better demand. and there Is general
Indisposlt!on TO make commitments
ahead. Sales OF wool in two weeks H.
SiS,g00 pounds, against I,999.200 last
year and lO.S52.I00 IN 1892. are this year
largely between traders, as the mills find
present little announcement TO buy una
London sales are n shade weaker.
Quotations are not changed. though
more frequent concessions are reported.
Failures for the week have been $50 In
the United States against S33 last year,
and 10 In Canada, against 5i last year.