The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-01-22
STATE OF TRADE.
General Condition OF the variou,
RrnneIea Of Rnaineas.

the west, while dull in the south and east
A better feeling is reported among wester1
dry goods jobbes. Wheat has advanced
more or less in all the principal market
Of the world during the last week or tel
days, the cause being the growing belle
that the last years crops were everywher'
overestimated, and that the next summer
crops, though likely to be good in the Uni
ted States, will inevitably be deficient ii
Europe. Corn has advanced during tht
past two weeks on account Of the contin
ued low state Of the stocks In store, tht
diminished movement at the west, and
the continued large demand at the wes
for feeding purposes.
Petroleum speculative prices are a little
lower. This appears to be due to falling
off in the buying interest, caused, In part
by the prolonged delay in the coming in
OF the Patterson and Shannon No. 2 wells
who are believed to be ready TO spring on
the market. II has been thought that their
probable effect has been discounted, but
lower prices anda dull market reveal more
strength on the bear side than was thought
to exist There were 2l7 failures reported
last week, 81 lees than preceding week,
l07 more than the corresponding week last
year, and l47 more than the same week oi
1881. ...
d IRON. .,..
Throughout the West, expressions are
heard Of slightly improved outlook in
the iron market. This, at various points,
is due to a somewhat improved demand
from the furnaces and mills, aud at other
places to renewed inquiry and a manifesto
ton on the part OF buyers OF an intent to
make purchases at an early date. The
The same or like conditions are reported
from southern iron centres. At eastern
cities, however, there Is no visible improve
ment. There has been slightly increased
demand fof bar iron, but no special indi-
cation Of gaining strength has been mani
tested in other lines. Stocks Of bar iron at
Philadelphia, and to lesser extent at
Pittsburgh, are lower than they have been
for some time past, and several orders for
considerable lots have been received.
American pig iron is quiet and dull,
with almost nothing doing. For the sec
ond time producers announce that they are
convinced that prices have touched bottom,
sat least for the present" Prices at New
York for No. l are S24 00a25 80, and at
Philadelphia 81 GOAL so lower per ton, No.
9 bringing So 00a2S 90 at New York.
Scotch pig iron arrivals ut New York during
the week have amounted to about 1900 or
1 aalno FnnokItt fn
have been 400 to GOO tons. Most Of that
which arrived went into store. Prices Of
Scotch are offabout s. 50 per ton from those
quoted month ago, in the main due to low
freights, as the market abroad is well sus.
tanned. Coltness is now quoted at
abont S95 5Oa26 90, against $27 00a
2S 90 in the early part OF Decem-
Der. The market for foreign pig iron is
dull and very quiet. A few small orders
for steel rails have been placed at Sila42,
but large orders would be accepted at $40.
The intimation made in these columns last
week, that the meeting OF eastern pig iron
manufacturers, held in New York, Janu-
ary 5, took action on subjects Of far more
public import than was permitted the re.
porters Of the daily papers to learn, now
appeAei to be fact. Instead Of taking
steps TO organize, and resolving 10 in gen.
eral protect the interest OF members, as
several present distinctly stated, 1t now
transpires that committee was appointed
TO 60 10 Washington to urge higher rate
OF duty on pig iron-$s per ton.
WOOL.
BosroN, January 20.-The Adrertiser has
the following about the wool market for
the week: The total receipts Of wool at
this port during the past week comprise
4,S0S bales domestic and 265 foreign, against
6,051 bales domestic and Ill foreign for the
same time last year. The total receipts
since January ], 1883, comprise 1926
bales domestic and 1856 bales foreign,
against 1865 bales domestic and 2,l44
bales foreign for the corresponding period
OF 1882. =.
The sales for the week comprise 2,090, 900
pounds Of domestic fleece and. pulled and
10000 pounds OF foreign, making the
weeks transactions foot up 100000
pounds against 2,995, 800 and 2,742, ,0OO
pounds for the two previous weeks trans.
actions. ...-.......- .
The market shows but slight change
from a week ago in the total OF wool sold,
and owing to the large scales OF foreign that
change is for the better. Prices on fine XX
and No. heeces are firmly sustained with
amore hardening tendency apparent, while
the call for this line OF goods is good. The
reason why the sales OF choice tleeces foot
up no more this week Is partly accounted
for by the fact that holders oil desirable
lines are very firm in their. views, and in
some cases are asking an advance from the
selling prices OF two weeks ago, and buyers
to get the goods have to meet the seller full
way. There is no weakness now shown,
as was the case several weeks ago,
and buyers who are looking around for
lots OF fine wools, or even the lower grades,
thinking that they can find dealers who
arc willing 10 slaughter to effect sales, are
more disappointed than would have been
the case about the last OF the year, as hold.
ers are mostly strong in their views, and
have come 10 look upon wool as good
property. In Ohio and Pennsylvania
fleeces the most noticeable sales we're l5,-
900 lbs. XX and above at 43c; 10000 lbs al
4ia45c, 10000 lbs Ohio y ut 40c, 10000 Lbs
( and XX at 40a4Sc, aud 5000 t lbs i; (
Ohio on private terms.
We should quote the selling prices ol
the market OF leading descriptions as fol.
lows: Ohio and Pennsylt ania, No.
fleece, 44a45c; y and XX, 30a43c; Michi.
gan y and above, 37a3sc; territory fine, 90
a23c; choice medidm do, 25a27c; Texas fall,
2Oai5c; Texas spring, 25a2Sc; medium un.
washed fleece, 25a3lc; understandable
washed combing, 2Sa90c; fine Ohio delaine,
42a44c; fne Michigan do, 40a42c, and Cali.
iornia spring, 22aS0c; southern defective,
l4alsc; do fall, l3a20c.
Affecting Of the "worthIes."
Cu,cIno Jannarv 0I-uorry LI;I w