Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-05-10
FINANCE AND TRADE.
Condition OF the Markets at Lead
ing Points.
Money 3 to 4 Per Cent-Governments
Strong-Stocks Irregular-flOur Quiet
and Unchaaged-wheat Lower
Provisions Firm.
REVIEW or THE IRON MARKET.

BOSTON, May S.-Pig iron is virtually
unchanged in price and demand. some
of the larger companies have future out
nut sold, which fact helps to hold prices
steady. No. foundry varies from $3.50
y. with S26 as fair average at furnace.
Sales are for small amounts. Inquiries
for round lots have been made, but
nothing as yet has come OF them, be-
cause buyers insist on terms which sell
lers of good grades are as yet unwilling
to accept, especially as the offers call for
deliveries extending overa longer period
than they care to engage for. No. :
iron was very dull all last week. Some
gray forge iron was sold at 5000, which
represents about the average price.
Some makes are firmly held at fifty
cents higher, and even more. Bessemer
is firm at S24CG25. One large sale is re-
ported at S24, to be delivered here. Muck
lars are moderately active at S4lG IS;
charcoal blooms at SIS The bar mills
are doing only a moderate business al
&c to 2.75c. The chances are that the
declining influences will reduce the
prices of iron. Very little bar sells above
2.7c. Pittsburg iron has been Offered at
2.5c in the east.
PITTsBURG, May 9.-The dizziness
noted here fer some time past contin-
ues, and there is not likely to be any
improvement Until the labor question
has been settled. So far as we can
learn, none of the mills are buying for
beyond this month; those ordinarily
buying 500 to 1000 tons are now refus-
ing to buy more than 80 to 100 tons at
time, and business is just about as dull
as it can be without stopping entirely.
Prices, although without quotable
change, continue weak, and slight con-
cessiOns would no doubt be made in Or
der to effect sales. The only sales re-
ported were: Grey forge at 81 %, No. |
foundry S26 50 and white coke iron at
$23.
Boston, May Sat Boston the de-
mand for pig iron has not improved
during this week, as buyers are still
buying only for immediate requirements.
The market, however, maintains a
steady position, and there is no DISPOSE
ton to make concessions in prices. The
furnaces are said to be disposing of .heir
product and are not accommodating much
stock. Some of the furnaces will soon
be in the market for new contracts, and
some of the consumers think that in or
der to obtain them, lower prices will
have to be made. This view, however,
does not seem to be shared by the pro-
ducers, and they point to the la Dor
question, and say that strikes or higher
wages are possible, and in either case
iron must be higher.
NEW YORK, May Sat New York
foundrymen claim thatsthe bulk of
their output of iron is being absorbed,
and that, therefore, there has been no
accumulation at furnace banks They
likewise quote no change in prices, and
intimate that these figures represent the
basis upon which they are selling their
production. Against these statements,
however, the volume of business in pro-
7 gress in open market continues light,
consumers show no disposition to buy
except for present wants, are unwilling
| to enter into fresh contracts thatinvolve
the future, and generally pursue a poll
cy that indicates their belief in lower
| prices.