The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-05-28
MArrEns AT raE MErRopoLIg.

from 10 I0sU 30 bheep STEADY az S3 QUA
8 70. Receipts 1900, an increase Of 5000
head,
MATTERS AT TaE METROPOLIS.
New YORK, May 27,-The trade Of the
week has been characterized by filfullnees
and irregullrlty, with heavy transactions
In dry goods there seems to be a more
hopeful feeling, and leading houses cay
business IL somewhat improved, and that
none but croakers apprehend any trouble.
Good dry goods paper Is selling alta low
figure,
In the money market there has been
but little change 10 note. Money 10 plenty.
Stocks are still ruling very high, and many
think that quite o number Of the list are
above their actual intrinsic value. No
doubt great deal oi the support vouch.
sRfed the stock market Is due to the fact
that money being 80 plentiful, and Gov.
ernment securities bringing so low Q rate
OF interest, there appears to be no better
way OF investing surplus funds than In
what are considered promising stocks.
The week has been an unfortunate one
In the produce trade. The large receipts
OF cheese, over 6,0O0 boxes, caused o drop
Of 2 cents, and as what ia arriving now has
to be sold at once 10 shippers, II is thonght
the trade has netted loss Of $1,000. In
the weeks transactions butter has done
better, the demand being about equal to
the supply, but the continued cool, wet
weather Indicates large dairy products.
The drug trade is particularly dull, goods
being sold every day at leBs than II cost
to lay them down here. In opium the
Is very peculiar. The syn.
dictate who have CoTnered this
drug for the past eigat OF nine months are
now believed to own from 1000 to 200
cases out Of less than 1000 cases 10 the
country. This is thought TO have cost
them 50 per pound, but the price to-day is
a, and II the syndicate were to cell what
they have at this figure they would lose
at least; but this condition oil
things may change any day.
The large number Of buildings In pro.
gress and In contemplation keeps up the
demand for lumber, and results
In fully maintaining the prices early
In the season, The general market
has firm tone. Hard woods are
particularly strong, and the general
impression Is that this will be one OF the
most successful years the trade has ever
witnessed.
In the iron trade deliveries on contracts
are still quite heavy, but the volume Of
new business is reported light and prices
tirmer. However, the stock Of foreign
iron held here has been considerably 10.
duCed. There is more inquiry and q
more hopeful feeling exists.
In leather the demand for sole for ex.
port has not been heavy, although a fair
business has been done and the advanced
prices v ell sustained. The outlook is en-.
couragiDg, and ills believed there will be an
early and good demand for the fall trade.
The cotton market, as o rule, has been
quiet, with slight fluctuations.
The grain market has been largely con.
troIlsd by speculative Influences 10 oil
leading descriptions. The Chicago mar.
ket shapes the course oil values now. The
market has been much excited throughout
the week.
Hog products nnctusted considerably,
with q downward tendency. The heavy
operators, however, hold control OF the
market and can still influence IL about as
they pleiBe. The speCulators are rather
timld.
T'hte Is nu improved feeling 10 the pc.
trOeutn market, yet bnt little speculative
feeling has been developed. There has
been fair demand for export. Freighte
are moderately active at lower rates.
There Is an ample amount OF room, and
thus far tho yielding In prices does not
snntv IN irJNna httrtnnnIu Thnvn Ia mn
special feature 10 the tea market. In raw
sugar the market 10 firm on improved
priCes, with decline In The demand. In
COfFees there is 4 slight animation, ore.
ated by the auction Hales last week, when
full prices were obtained, which gave
courage 10 operAtots, and considerable
coffee charged hAIds. The stock, in Rio,
on the 2Blh OF May, was 200 600 bags. The
market wAs sCsive The purchases the
last ak days for the United States we're
IS 900 bags, to cost, when landed In New
York, 1lac. The latest sales Ia New York
were at l0ic.
The failures during the week have been
more numerous, especially Ia the Middle
and Southern States, except In Philadel.
phia. However no very important firm
BuCcumbed, the casualties being confined
to weak conCefnP, In whom only q limited
number OF persons are interested. UOl.
leClions have been good as rule, and the
weeks losses by bad debia, except In the
case above referred to, have been light.
BUSINESS BRISK AT BALTIMORE,
BALTIMORE, May 27.-The movements oil
trade the past week have. been unusually
active in many departments. The late
shrink ~ ot vAlues hps stimulated tho
demand, which ls encouraged by the
great case Of the money martet.
The general tone Of the market
10 more cheerful, partly ou 40
coun. Of the belief that the present low
range Of prices will likely invite specuIa