The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-31
raEsp OF TRADE,
II. q. Nun y CO.., weekly Review of
llusinesS Conditions.

lIu,ine., Conditions.
NEW YORK, Oct Cor g. Dun &
Co.'S weekly review " trade to-mor.
row VIII say: a market without any
politics to rule II IL not often seen
lthsinccs Is almost abolished until ar
| ter tho election by the extraordinary
pressure for money, By the indisposl.
ilOn Of anybody u sell who thinks Il
| aren't change for the better " near, by
the feeling that II Ia not OF use to con.
| tract or buy when NO little time remains
before Il decision and by the'gsnrrnl
! absorption OF business men In pOlN-
lell activities. II.
Tiis feature OF the week has been the
! pressure IN the New York money mar
| ket In spite uf the heavy arrivals VI
gold. Quotations OF call l0unR at 100 per
| cent or more have no real meaning eX-
eept that,wlth practically four holidays
To come IN succession, there IL really no
| market.
Wheat has declined sharply, but IL
| rising again, closing about iac lower
for the week. Heavy realizing OF tbs
spot sales. extreme monetary pressure
to carry supplies and belief Of foreign
rrs that they can get what they want
at lower prices by present abstsntu-
ton, have materially helped the pow
erful Chicago influence which has la
bored to depreSS prices. But tho cvi-
dencc OF great demand abroad growS
clearer and while western receipts are
heavy, I,i6",9sI bushels for the week
ana ss,'1d,6tt for the past four weeks
against Jl,lOO,HGt last year, the cnOr-
NOUS milling returns are OF especial
9hnNinfp IN
preparing great quantity OF flour for
export These returns, not heretofore
given elsewhere, will be especially In
structive whenever the market turns
on tho foreign demand. Atlantic en-
ports FOR the four weeks, flour Included,
have been S026,jjS bushels, against
b,255,4l" last year. Higher prices and
actual famine IN parts OF India have II
speculative bearing, but are really less
important 10 the American market
than the news OF the decreasing sup
plies from Russia.
Cotton has held up remarkably well.
The mills are selling staple goods
somewhat freely and print ClotT are IL
shade higher, but there Is neither much
selling nor much effort to buy goods OF
other descriptions
The speculation In wool continues and
mas taken during the past four weeks
S,a2l. 100 pounds against 29,7SS. $50 last
year and 26.j3s.OJ3 IN 1892, although
less than half tho capacity of mills Is
employed. 1t Is n gratifying feature,
however, that about twelve establish
I ments have started during the wccl;
In confidence that business viii be
larger hereafter. There is as yet only n
slight Improvement N the demand for
| light weight woOlcns.
Iron has been bought largely by
spectators. 25.oo0 tons Of Bcsscmar Mt
Pittsburgh raising the price to sll 20
large quantities OF grey forge raising
the price to $40 40 and 10000 tons. nearly
all OF northern iron at Chicago.
Finished products do not change in
quoted prices, although quotations are
less shaded than OF late 10 secure bust
ness and there Is strong belief that ar-
ter q week there Will be marked
change. The known orders deferred un-
III after election would by themselves
suffice TO employ the works for a con-
| siderable time
Failures for the week have been go In
the United States. against 27S last year.
and forty in Canada, aGains; driy-three
last year.