The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-26
Wln Have stlmulatlng Excl
ON THE DECLINE.

VIZ Aub 0AOAuNSS
Prices Of Nearly All Products Talk
ing a Healthy Transition-cOtton
the Sensational Feature Of the
Week.
NEW YORK, May 25.-R. C. Dun s:
Co.'s Weekly Review of Trade to-mor-
row viii says:
Transition to more natural range oil
prices after time Of extraordinary
buying, speculation and rise, is not
wholly delightsome, however needful 1t
may be to business health. But the
gradual change this year, though
wearylng has given opportunity to vari-
Gus branches to avoid losses. 1t is
nearly six months since the highest
prices OF pig iron were reached Novem-
Der 20 and of wool December 1, while
hides reached their maximum December
10, leather and iron products January
10, boots and shoes January "a, woolens
February 2l, and cotton and cotton
goods March 81. The tables given by
this paper have shown that the highest
point for all prices was March l6, and
after two months of slow declining, the
range for all prices was bu: AS per cent
lower May ls. But the past week has
added Its full share. fall Of AZ per
cent in cotton, per cent in pig iron.
l.5 per cent in iron products. per cent
in hides, 21s in boots and shoes and 3ls
in leather 3h in petroleum, ANA j little
in other products.
Cotton Risky to Handle.
The decline in cotton was rendered
sensational by the failure of the hrm
which had most strongly resisted 1t and
for some months had led the campaign
for high prices in the belief that stocks
for the rest of this year would scarcely
meet demands with the next crop in
doubt. The course Of the market for
some months to come cannot well be
predicted, as provision for the future
has been made by sDinners on both sides
Of the ocean.
Weakness in wool, as yet not enough
to prompt heavy buying, has hindered
free purchases Of goods without doubt,
and there is of late somewhat mora
complaint of cancellations and of slow
collections. But the market is waiting
rather unhealthy; with quick adjust
ment to a lower range OF prices for ma
terlal It might soon become as active
as at any other time for years. The
silk manufacture is helped by reduction
in prices of raw, and the decline in Ma
Mia hemp nlso aids manufacture
which is beginning to accomplish more
than many realize.
Iron and Steel Declines.
The nominal price of Bessemer pig is
help without change at Pittsburgh and
without transactions. Bcssemor is Of
fered much below the S2I 90 asked by
the association, while prices of finished
products Of iron ana steal have declined
more than 10 per cent within twu
months. without any reduction in rails,
structural shapes or In sheets. Number
l Lehlgh pig is quoted here at S2l and
the rest of anthracite SEE at Phlladel-
phla. But doubt about sufficient sup
plies of steel making iron for coming
months seems THE one ImpedlInent to
removal Of activity. Tin is also n shade
lower, with copper and lead unchanged
this week. Sales of Connellsvl1Ie come
below prices recently quoted exhibit in
strong light the change in the iron man
ufacture,
Three Per Cent Decline in Leather.
Sudden and extensive changes are
now reported In leather and boots and
shoes, apparently resulting from the 'un-
Welding refusal OF many dealers to
place anything like their usual orders
for the season at prices recently asked.
Concessions are now reported OF 2h to
So per pair In leading grades for which
such reduction was not reported week
ago SO that the general decline averages
about 8 per cent 1t was doubtless
based In part upon considerable con-
cesslons in leather, as 1t now appears
that substantially all staple grades have
been sold at prices 1sc to 1hc below
those recnntly4quoted, the fall average
about SM per cent
Movements of Breadstuffs Stationary.
The movement of brendsturts has not
materially changed, Atlantic exports of
wheat, flour included, having in four
weeks lO,aO5,3s7 bushels against Se57,lsj
last year, Pacific exports c,79l,79l
against 1882, 1903 last year and exports
OF corn l8,9lTG2l against lO,2S76s2 last
year. Prices have changed vsly little,
the excitement being concentrated upon
corn, which declined 7-l6.
Payments through clearing houses
south OF the Potomac and west OF the
Alleghenies have at almost every point
baen greater than a year ago and the
shrinkage at New York and eastern
cities is largely because heavy financial
operations connected with the creation
Of new corporations are now being re-
p2atod,
Failures for the week have been 1856
In the United States against 1i2 last
year and 20 tn Canada against is last
year.