The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-23


Co.'s weekly review of trade will say
In its Issue OF Tomorrow
After the heaviest buying ever known
In many branches duriug September
and the first half OF October It was
both natural and desirable that more
quiet period should give time for test
ing the size and temper OF retail trade,
and for distributing part OF the enor-
nous quantities bought, Ia textile goods
the rush of orders went far beyond all
dlstributlve demand In August and
represented great replenisamen: Of
stocks. and the similar rush for goods
has been correspondingly good in 9TH
er lines during the past two months.
In Iron and steel and In boots and
shoes there was actual danger OF q
speculative infection o. prices such as
was seen In 1895, but II has beer avoid
ed apparently for this season by the SOL
ID sense OF leading men who regard q
time of comparative quiet as essential
TO the coming and permanence of pros
perity in their lines. AS the buying for
replenishment is partly satisfied and
diminished, there Is some decrease in
the volume OF transactions. though at
the same time the working force has
further increased, the wages Of labor
have been in numerous cases advanced
and the foundation laid more broadly
every week for larger buying and busi-
ness hereafter.
The iron industry waits, because pos
sible production for the year has been
practically ordered, while neither buy
ers nor sellers regard contracts at cur
rent prices for next years business as
quite safe. Bessemer pig is q shade
weaker at $40 i0. and gray forge at
50 80. at Pittsburgh, while blllets are
hard to get at any price, owing to the
stoppage Of only two works Of moder-
ate size that has the current demand
come to exceed production. Sale of war
rant pig iron at Philadelphia, Csc below.
is not In fact n decline. New business
in finished products Is almost of neces-
sity smaller, since manufacturing
works are nearly all full for months
ahead, the plate mills at the west So
fuIl tliat they could not compete at all
for three Rockefeller vessels requiring
$500 tons each. The demand for bars
IS the best for long time and con-
tracts for the East river bridge, for
numerous new buildings and railway
bridges are still pending,
The coke output has risen to 145,033
tons weekly, and Is the largest known
for years. Anthracite coal is sold at
A Is in New York harbor, or twenty
cents below the circular, and conserva-
tive estimates make the years output
4O,5OO 900 tons. The only noteworthy
feature In minor metals is n sensational
collapse in lead Of thirty points with
sales OF 5000 tons.
Tho severe decline In cotton to 612
cents from S25c, August 30, is due to
widespread confidence in large estl-
mates In yield, A natural consequence
In the fall in print cloths TO the lowest
point In the history Of the market. 237
cents and cotton goods generally are
easy with limited sales OF staples All
wooden goods are firm, but there Is no
new business Of note for spring outside
OF dress goods.
Sales OF wool have sharply decreased
again at Boston, amounting to only
s,0iaG0O pounds, against over $1,000 900
pounds the last week In September and
the week there was the dullest since
January 7.
Some large offerings were made 10 re-
alIze profits before prices fell, hut QUO
tatlons remained unchanged because
even ut half cent decline buyers were
not disposed to take hold.
The produce market acted with as 1T
tie apparent reason as usual Al
thounh Atlantic exports Of wheat were
s.576,607 bushels, -four Included, and for
three weeks OF October l0.0S9,9 ,9OS BUSH
els, against 77i2,2i4 last year, with
western receipts not half n million
bushels larger, the price advanced two
and onc-half cents.
Corn, with smaller receipts and cx-
ports barely a quarter Of last year, de-
cllned small fraction.
Failures for the week were 22i IN the
United States. against ga last year and
thirty-slx In Canada, against sixty last
year