The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-11-24
BUSINESS RECOVERING

Doth in Activity and iTone-araaufac
tured Goods ass:ng-Eild Weather
Hurts Wool sales-nides Going Up
General Advance in All Lines.
NEW YORK, Nov. Err G. Dun 8
Sompany's Weekly Review of Trade
sta-morrowwi!, say;
With reasonable pronataess business
Ia recovering in both acuv.ty and tone,
and fortunately without tho sharp rise
In general prices Which was seen In the
spring, and which was followed by 4
sudden and serious transition to q nat
ural range. Manufactured goods are
rising in response TO a better demand
from distributing sources. helped at
the end of the week by the more seas
enable weather. Business Is not yet
what 1t vas on the top OF the wave OF
industrial prosperity, but the working
forge is fast Increasing. The ordinary
measures of business rcHec; increasIng
operations at all points. but the tex.
tile markets are at the point of least
response to the improved undortone OF.
trade. Recital of conditions in the iron
ard steel market has become mon
otonous repetition. Each week there is
the same record Of activity 80 generally
distributed tkat everything from the
raw material to the finished product
enjoys share. There Is also the same
freedom from speculative accumulation
in anticipation of fancy prices~that has
been for weehs the most encouraging
feature. Railroad companies compete
for rolling stock. Export orders In
some lines are filled with difficulty, ow-
Ing 10 the unusual domestic demand for
all forms of iron and steel porduc,s,
but in no quarter Is there any unreas-
enable imitation OF prices such as was
seen during the meteoric ascent last
year. In n few descriptions prices on
export orders are shaded to hold husl-
ness.
Two factors initiate strongly against
activity and strength in wool and WOOL
ems. Mild weather has been the chief
adverse influence. reducing sales far
below n normal volume In this vicinity,
while liquidation of embarrassed con-
Germs threatens to throw considerable
quantity on the market at forced sales.
Tn tba It,,h} nf t',nra flt,o,,o.,,r f,,+
ures, It is not surprising that sales OF
wool at the three chief eastern markets
declined TO 5,35i331 pounds, against s.
$4,000 pounds in the week preceding
and 19.s7o.S9o pounds year ago.
Hides Continually Rising.
Hides continue to rise, regardless Of
the largest arrivals of cattle at Chicago
In many years. Leather has ceased to
follow the advancing hide market, and
most grades OF boots and shoes are
at the prices prevailing two months
ago. except for gain Of 2is in mems
satin shoes and split and kip boots.
Considering the advance of over 10 per
cent. in hides In these two months. the
gain in the finished product Is insig-
nifcant. but every attempt to secure
higher prices ends negotiations for sales
and 1t is necessary to take orders at
old rates or close the shops.
Undaunted by recent reyerses. spec
ulatocs In cotton advanced the price
about $3.50 I bale In ten days. Receipts
have been Of moderate volume, but the
size Of the current crop cannot be ap-
proxlmated by any ordinary system Of
averages this year. owing to the ample
funds in the hands OF planters enabling
them to hold back much OF their crop.
Estimates have fallen below ten mill
ion bales because of the slow move
ment, and this fact, together with last
months record breaking vllun Of ex-
ports. forms the present basis of prices.
High Price Affects Consumption.
October shipments are unlikely to be
equalled again. while sales Of next Sep
tcmber's options at nine cents do not
take into account plans for I large in
crease In acreage next year. Consump-
ton decreases on account of the high
price. Northern spinncrs have taken
10000 bales less than Inst year to date.
while British exports Of cotton cloths
in October were Is per cent. less than
In 1899, and OF cotton goods IS per cent.
smaller. ~ 1870
Failures for the week were 2SS In
the United States. against l91 last year,
and % In Canada, against % last year.