The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-07-21
MIDSUMMER VACATION

In. Business May be Prolonged by
the Disposition Of Employer and
Employe Not to Settle Wages-1ron
Industry Affected-Wheat and
Corn Drop.
NEW YORK. July OR. G. Dun G.
company's Weekly Review Of Trade to-
morrow will say:
The midsummer vacation has al
ready disposed of the prophets who
gave 1t week or two," but there are
few signs to indicate Its probable du-
ration. The compact Of lake ore pro-
ducers not to sell standard Bessemer
ore below $50 at. lower lake ports this
yea-. with coke held at $50, much less
the probability that the market will
walt for Bessemer pig to go far below
SIG and some increased buying already
appears by makers of Implements not
as yet in season contracts, but enough
to give hope.
Not much beyond waiting Is probable
until wages for the coming year can be
settled The halt in the great Iron in
dustry necessarily affects both business
and prospects In some others. The same
extensive building stocks which have
cut off the use OF much structural steel
have also prevented vast use OF lum-
Der. The eastern association tried
without avail to hold prices and the
North Carolina association caused ex-
tenslve curtailment Of output while the
lake association two weeks ago resulted
to maintain prices. but needed market
does not yet appear.
Easily Induced to Accept Prices.
When cotton had been easily above
ten cents and dropped sharply, Liv-
erpool Spectator again showed how
easily Americans are Induced to accept
prices for the quantity they have left
for sale. The goods market quite en-
barrassed at the best. Is not helped by
such raGaries and the closing Of i'm
portant mills was the more merItorlous
because 1t gave occasion at the end of
a session with an ovcr-supply here
both OF goods and materials to rest un-
til Europeans have settled their ar-
fairs. Without formal agreement, the
woolen industry adopted In part the
sane course. many mills having stop
ped or reduced the force so that exports
believe that less than half the capacity
is now at work because the nature of
the next seasons demand does not yet
appear. There has resulted more WILL
ingness to sell wool, especially where
the warehouses are not plenty and
prices average fully two cents lower
than in February, bat manufacturers
are ir1uirlng more earnestly just now
to find out what goods they can sell
than where they can get materials.
Decline of Packer Hides.
Further important changes, the exact
nature of which may not be fully re-
ported. are appearing In the heavy de-
cline OF packer hides at Chicago. rang
= - o.
Ing from one-fourth to one-half cents,
with sales said to be from 10000 to So
600, and also. in heavy sales of leather
to manufacturers.
The sharp fall OF &c in wheat and &c
in corn, appears 10 reflect public con-
illusions after hearing much evidence
official and unofficial regarding the ex-
tent of the Injury to both grains. The.
shipments go on at quiet and moder-
ate pace in three weeks from Atlantic
ports being $751; sol bushels. wheat and
flour included, against 6.5O5,39S last
year: from Pacific ports 1851. 597 BUSH
els, against 1,21S.6lS last year, and corn
9.62O.5GS bushels, against 9,2S9,999 last
year.
Failures for the week have been 23l
in the United States, against l45 last
year, and 81 in Canada. against 2S last
year.