The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-05
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sAhInereais OF conldenee serves % Give.
Prless All upsard Turn.
NEW YORK, Sept. 4,-R.S a. DUN d
GO, In their weekly review Of trade, viii
say Thetei Ii q distinct Increase Of con.
ldefee, due largely 10 the continuing
and heavy importRio of gold. which have
putian cndt to money anxiety, and also
70 Political events, which are closely
While tdosss mot yet stnrt more mills
and factnrles than are closing for want
ot work, u crops out In heavy specula.
y purcha4es OF pig Iron, wool and
other materials BY experienced men who
pelieyhi that Q revival OF business is not
Tar OF, and for the fret time Ia nearly
W. months q sllghti upward turn ap-
pears ~. prices Of manufactured prod
ucts. The gain In confidence and In
WILLINGNESS 70 lend and, invest givosi rea-
son 20 hope that the necessary replenish-
OF stocks which cannot be long de-
ferred may be liberal enough to stlmu-
late fairly active industry.
Wheat had sudednlylrlsen d week ugo,
but rcacted with better, crop news until
Thursday, when another advance came
OF one cent making the net decline for
the week 1x cents. Western receipts
continuedilarge, GILL. 7o6 bushels for The
week, against 4 $50, i9f; last year, making
tho Increase since July i about H. 0o, 900
bushels, or 50 per cent. Atlantic {ex-
ports arc also large, -four included o.
0a2,oG3 bushels, against l,34T,s5 bushels
last year, and since July 1, 10, Q73, 551
bushels, against 1l,s15,s45 bushels last
year, q gain OF 60 per cent. Gloomy sto-
ries IND little support In. such returns.
Corn has reached ct Chicago the low
eet point ever touched---20 cents In 1881,
and has again broken all records here,
Declining to. 25Hc. a (which Il closed.
Cotton fell to 7.67 cents, but with re-
SlVali of confidence rose to $50, although
tho prospect Is clearly more favorable
than some weeks ngo.
After many weeks OF decline, 80 that
The average of prices for Iron and Its
products was the lowest since early last
year. prices have started up q shade.
Heavy speculative purchases Of Besse-
Iner at the west and OF southern Iron
here, the latter mainly by New Workers.,
at SO 40 for No. 2 and 80 so for grey forge,
lhaveSso strengthened the market that
Be8semer at Pittsburgh commands Sill %
and grey forge 80 50. The various asso-
Citations have not reduced prices, bellev-
Ing that II would not stimulate demand
at present, which Is extremely narrow
and as yet shows no sigma OF improve
ment. But the first long step In that d.
rectlon is taken when men believe that
the bottom has been. touched. Coke ov-
ems Operating are only 7,425, against TO-
522 Idle. with q smaller output than for
years, but 10 change Is made In price.
Tin Is weaker at $13 Is for September.
Bids at 80 81 are solicited for lake cop.
per. while lead Is a shade flrmer.
The starting of some wooden mills
which have been idle and accommodating
orders for, a short run Is still balanced
by the stopping Of others and the volume
of orders does not increase.
No. gain as yet appears in demand or
prices, but a marked speculative buying
of wool shows belief that prices will i'm
prove. and sales fol-. the weekiw were ~
$4,000 pounds, OF which only 555,700 were
foreign, much over half ofsthe> domestic
sales being Of Texas and far western
states. being at prices ranging from Ito
Sh cents. Cotton goods are growing
stronger, more grades having advanced,
and though. sales are moderate, there are
more buyers, indicating exhaustion OF
dealers stocks.
Failures for the week have been 1874 in
the United States against 1856 last year,
and 81 in Canada against 50 last year.