The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-09-17
THE BUSINESS WORLD.
GENERAL CONDITION OF TRADE.
The Improvement of the Previous Week Fully
ARIntAlned-Fan Trade Movement BrI,k.
The Pig Iron Market Extremely Dali.
An Active Week ia Wool.


An Active week Ia Wool.
NEW IoRK, September l5.-The general
commercial situation as reported to Brad
streets by telegraph show continusnceof
the steady Improvement mentioned week
ago. The full autumn trade movement has
set in, and leading distributivs centers arc
getting the benefit Of 1t. Naturally enough
the northwest and west report the greatest
activity, though in dry goods and other
general lines Boston, New York, Philadel.
phia and Baltimore all feel the influence.
The general industrial situation OF tha
country is healthful, and orders are being
received quite in excess OF what has been
generally anticipated. This is clearly
shown by special reports from IS cities
published in Brdidred'S to-day. The price
OF wheat has declined about 2lC., while
that Of Indian corn exhibits an advance OF
about lc. as compared with Friday Of
last week. The advance in corn,
due to the frost scare, has been
lost in part, due 10 the fact the loss OF all
the corn in the four northwestern States
and In the northern belt OF Ohio, Indiana
and Illinois would not aggregate over %
per cent of the total corn crop. Wheat has
gone abroad more slowly and has been ac-
Cumulatiug. This, with the indifference
with which 1t has been treated, has per.
mitted lower range Of quotations. Pro-
visions sympathized with corn to the ex-
tent OF advancing with II; but when the
reaction came, hog products went below
quotations held just prior to the advance.
Receipts oil hogs continue heavy and legiti.
mate trading slow. There were 1875 failures
in the United States reported to Bradstred'S
during the past week, o less than the pre-
ceding week, 8 less than the corresponding
week Of 1882, and IS more than the same
week Of 1881.
IRON.
The pig iron market at New York is dull.
The small orders, as dictated by require
ments, continue, but this should be the
busy season with dealers, and the absence
OF marked improvement in the demand
is not inspiring. Notwithstanding this,
lower prices are not looked for, 80 that the
outlook cannot be regarded with disfavor.
Prices are unchanged. Arrivals OF Scotch
pig were smaller than usual, about 500 or
800 tons, none OF which were stored.
Prices OF Scotch are unchanged, but have
shown slight tendency to decline. From
reliable sources It is learned that stocks OF
manutacted iron west Rie light, which must
insure revival in the demand within a
short time. Mills at Pittsburgh are fully
employed, and any delay in deliveries "a
followed by complaints. This indicates a
healthful demand. Good judges would
not be surprised at a sudden advance in
prices in the event of Il continuance OF but
the existing rate Of production and con.
sumption.
WOOL.
BosToN, September 15.-!The Advertiser
in its weekly review OF the wool market
says: The business has been rather un-
equally divided this week, three or four
houses having sold about 100000 pounds
each, while others have not done 80 much as
usual, but the week has been an active one,
and manufacturers have been more largely
represented in the market than for three
weeks previously. Not only that, but we
know where offers for large lots OF wool
have been rejected by holders for only a
small fraction Of the price asked. The in
crease in the sales IL not then caused by an
increased pressure on the part OF holders
to realize. Neither is 1t caused by any
speculation, as manufacturers are only TAX
ing just VIII al woods they require. There
is q very good demand for
the better grades OF Territory, but
inferior lots OF Territory aud Texas
move at low figures. Indeed, the low
prices on these woods have something to do
with making the prices OF state aeeces
quiet. Pices are, in short, remarkably
steady, and are about.what they have been
for the past six weeks. The demand for
worsted woods is very sharp, and houses are
sold ahead. 1t Is three years since dealers
have been able to accumulate these wools.
Buyers are few, and can control prices, but
the most important factor in keeping the
prices Of these woods low, in spite Of the
active demand, is that the proportion OF
combing wool secured in any consignment
is small, and houses want to dispose OF It
quickly in order 10 clean up their floors.
The price Of combing woods is low, and it
Is angular that, in view OF the condition OF
wersted goods, 1t does not advance. The
worsted mills are doing the best business
they have done for years.
It is noticeable that the country markets
still remain higher than the city, and 1t isa
matter Of conjecture whether there Is still
much desirable wool left in the interior.
Fall Texas is beginning 10 come.in at the
different centres OF the State, and the con-
dition isimpaired by reason OF the drought.
Fall California is being received at San
Francisco, but there is no market for it,
and buyers do not apparently know what
they are willing to pay for It.
-~S~-
One Magistrate Pines Another