The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-01-23
MORE BUSINESS
But Prices Continue to DrOP-Thsre is'
However, larger Production ana In
crease OF Consumption.

But Prices Continue TO DrOP-Thsre is'
However, larger Production and In
cFesss or Consumption.
NEW YORK. Jan. PR. C. Dun &
Co.'S weekly review OF trade to-mosrow
Will say: There IS more business, though
not at better prices. 1t Is interesting
that almost all prices which change at
all are lower than a week ago. and yet
business is unquestlonably larger.
The market for securities is slightly
stronger and yet there is very little do
ing. The number of hands employed, all
Industries considered, is slightly larger
than a week ago. without adverse
change in the rate OF wages. All appre-
hension OF foreign disturbance OF money
markets has passed away, but there is
still great caution in making loans. II
Il a mistake 10 reckon these as symp-
toms OF depression. on the contrary, IN
spite of the lower range OF prices IN I'M
portant industries, the conditions all IN
dicate larger production and a consump-
tlon increasing, not IS yet as largely
but steadily.
the key of the financial Situation and
during the past week has declined sc
and corn &c, while cotton is unchanged.
The western receipts Of wheat are still
small, jSl, 900 bushels less than a year
ago. and for three weeks NJ January
4,blg,7l9 bushels. against 1,656,lO9 last
year. but the Atlantic exports, flour In
-cIldad. were 1.53f,7S bushels for the
week, sgalnst 2,s65. .4s1 last year ana In
three weeks OF January have been s.
Ol9 ,gg2 bushels against 6,Si9.64S last yenr.
The price has declined FOR com also.
although everybody knows that the
heavy exports mean relatively more
than the exports Of wheat.
The wooden industry is as slow as
ever and no real improvement appears
in the demand for goods. although owing
10 the lateness Of the season there IS 1T
tie more doing, both IN spring and In
winter goods, without quOtSble change
in prices.
The Icon industry Is engaged in set-
tl!ng relative prices and the slow opera
tlJn retards business IN many branches
since the future Of prices IS uncertain.
Hessemer pig Is a trifle lower at $40 30 at
Pittsburgh and Grey Forge 81 40,
though no further decline has occurred
in eastern markets or at Chicago. But
the competition OF new concerns tempt
ed 10 manufacture nails by the hlgh
prices recently maintained caused
slightly lower sales Of wire nails al 81 80
and OF cut nails at 81 %. The bar ass1-
clatlon has been In session 10 consider
the reduction OF steel bars to one cent
and In large contracts even lower. and
the blllet etaes1ciation has again been calls
ed t5gether 10 meet on the 18th, al
though theEe Is no prospect OF its reor-
ganlzati0n, and billets are selling at
Sl5 % at Pittsburgh. The increase in
manufacturing Is perhaps more definlte-
ly shown than in any way by the pro-
ductlon Of coke, which steadily increas-
es. g,SI7 ovens being in blast against
S, ,i73 idle. and the week output lO0,SsJ
tons, IS over double the output OF octo-
bec IL
Failures for the week have beeen 4Oe
IN the United States, against 3I3 last
year, and 65 in Canada against 81 last
year.
The aggregate OF gross earnings OF all
railroads In the United States report
ing for the first half OF January IS So
7S7, IA, u decrease OF ~ per cent COM
pared with last year. aud of 10t per cent
compared with the corresponding period
in 1895.