The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-16
Geer and his bride left in special can
for Puget Sound and British Colombias
where they viii spend q week.
REIMBURSEMENT OF PRICES

Necessary for Highest Prosperity IN
Business-Average of Prices Now
Stand the Same as In 1ss2-Iron
Depends Upon the Action Of IahOH
Unions, and the Summer Demand
NEW YORK. June 15,--R, G. Dun q
Co. Is weekly review OF trade;
A season of declining prices is noveE
wholly agreeable to business men whose
stocks on hand ARE losing part Of thelu
value. Yet there are times when return
to the highest prosperity In business ID
not possible except through readjust-
ment OF prices. The highest prosperity
the country had ever reached, prior Ia
the panic was in 1892. with prices ayer-
aging not quite IS per cent Of their aVer-
age in 1860. After great depression foG
several years the highest point reached
with last years recovery was so per
cent, March 16, but the gradual yields
ing has afrendy returned the general
average OF prices to a shade less than
IS per cent practically where It was
with the'hlghest prosperity in 1892
Increase in Output in Iron.
Tho output of iron furnaces June lsE
was 296,o75 tons weekly, an increase oe
2,526 tons, making the yield only 1889
tons less than at the highest point ever
reached, February 1st. But the increase
of unsold stocks to SSO.4sO tons, about
1000 tons in Nay, discloses larger deA
cline than was expected In the new bust
iness upon which nearly all the works
and furnaces now have to rely, and re-
ports that furnaces OF considerable
capacity have already been closed and
more seem likely to be correct. Within
week or two the labor organizations
and the employers will be discussing
new demands for higher wages and
shorter hours and the closing OF many
works for lack of orders Will have much
influence about that time. Prices ara
gradually changing, anthracite No. to
$50 and Pittsburgh grey forge to S17 6Os
and sales of bars are reported there at
15O. After the closing OF furnaces ana
works has more nearly adjusted present
supply to the demand, the fact that
many large operations are held back
untIl prlees have been readjusted VIII
have Its proper influence.
Boot and Shoe Branch Behind.
The boot and shoe branch has been
hindered more than any other manufaO-
tnre this wear. perhnps by difference as
n nrIces Hides at Chicago and to
vome extent in eastern markets have
yI.,ded for months mast. giving to deal4
ors T., boots and shoes n. belief that the
blpb nrlces demanded early this year
would not he held The leather come
nonies however. have mt times made
ioryo cnncessIons hut in general have
resisted a decline, with the reasoning
that the real difficulty is in the scantl-
ness of buying demand, and 1t is urged
that wholesale and retail dealers have
ON hand too large stocks taken when the
great advance was in progress.
Reconstruction moves slowly in cots
ton goods, though few quotations arS
slightly reduced, the uncertain shifting
in the market for raw cotton having
some influence and the best hating oE
exports to China on account Of the in-
terror strife there. AS European Offer
ing is likely to be affected in the sama
way the present conditions help those
who look for lower prices in the goods
market. No further change appearR
this week in the wool markets, although
their stagnatlon. with irregular prices
| -, "a, t,o,,o,,1 tho v,,nst 6aynrnd stn