The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-02-12
THE BUSINESS WORLD.
The GENERAL CONDITION OF TRADE
Reports from til. Commercial Csnt.n of the cOun'
uy-SubstAutIAl Improvement Notsd-A
Boom ia the Wool rrade-IrOa later
eats Not 70 Dark AS Pictured.

Boom ia the Wool rrade-IrOa later
eats Not 80 Dark as Pictured.
NEW YoRK, January 1.-THE CONNER
cial situation Of the United States, as re-
ported by telegraph to Bradarea's, gives
evidence Of Improvement during the week.
At business centres rates Of interest have
been tending downward, which suggests
increased activity. Wheat has advanced
between &C and Sc per bushel as the result
OF variety Of causes, viz: the continued
strength Of the foreign markets, the reports
OF damage to the winter wheat in Indiana,
Illinois and Missouri, and the decrease in
the arrivals at the principal western points.
Corn has advanced about 1c per bushel in
response to the higher prices in foreign
markets Provisions are slightly higher on
account OF the decrease last week in arri-
walls Of hogs at the west, but, on the whole,
prices are not generally changed. Petro'
ieum Is higher and tlrmer. This is directly
due to reports that the gushing wells on
Cooper tract in Forest county are not now
doing over 400 barrels daily, against 800
barrels daily when at the maximum. There
were 25G failures in the United States re-
ported during the past week-2O less than
the preceding week, 9S more than the cor
responding week OF 1882, and 1O6 more than
the same week Of 1881. rn.I
IRON. f.tF
No improvement has been recorded in
the general iron market during the past
week. Various leading members OF the
trade in different lines do not talk en-
couragingly. While the two houses Of
Congress continue so wide apart in their
views as to the metal schedule OF tariff
duties the outlook for conclusion OF tariff
agitation is, OF course, untavorable. The
continuance OF uncertainty as to the out
come is the principal cause Of the existing
depression. A special session oil Congress
during the summer means prolongatlon
OF the situation. No final action on the
tariff until after the opening OF the next
session in December next might permit q
revival Of business in the meantime-but
will bring with it the certainty OF a recur-
renee OF the evils complained OF. The
prospect for the iron trade during the
wear, therefore, according to the views
put forth by members Of the trade
themselves, Is anything bat encouraging.
This version OF the situation, however, on
consideration appears too onesided. Iron
will be required during the year and in
large quantities. It will therefore be sold
and must be manufactured. The conclu.
sion is therefore forced that the situation
is colored little too darkly by those i'm.
mediately interested. The market for
American pig continues quiet and com.
paratiyely dull. The season for making
the wears contracts is close at hand, but it
is possible that it may be delayed to await
the adjournment Of Congress. The nom
inal price for No / pig at New York is
S25a255O, but it is probable that contracts
could be made at S2450a25. A few sales
have been made at Philadelphia during
the week at concessions TO buyers, and the
market may therefore be declared slightly
weaker, with but little business doing.
Scotch, remains about US last week.
81, WOOL. H.I|
BosroN, February 10.-The Adrerttser's
report OF the wool market says: There has
been boom in wool, and prices OF desira.
BILE descriptions have advanced from TO 8
cents, while in some instances 8 cents ad-
vance was asked ut the close. The great.
eat excitement has broken out, and other
markets have been visited and telegraphed
to for stocks. There has been perfect
rush OF Eastern buyers to the West, and at
the game time buyers from Philadelphia,
| New York and elsewhere have been here.
Hartford has been almost cleaned OF desir-
able wool, and it is thought only about
500, 900 lbs remain. A Philadelphia buyer
estimates the total stock In his city at about
three million pounds and manufacturers
there are very short Of medium woods. AS
yet the "boom" is the result OF sales to
dealers rather than manufacturers, some
think, but yet many dealers thus buying
may, be doing so on account OF man,
nfacturers and also TO replenish
their depleted stocks. Prices are
being marked up much as they were at
the time OF the old "boom," and experience
should teach the trade that 1t is salways wise
TO accept profit. As a shrewd dealer re-
marked in regard to this matter very aptly,
"I'ye been In the market now eighteen
years, and in that time have regretted
selling eighteen times, but have regretted
eighteen hundred times that hadn't"
We should quote the selling prices OF tho
market Of leading descriptions as follows:
Ohio and Pennsylvania, No. ] fleece, Ala
4Sc, \ and q 4 XXX, 42a46cj Michigan y and
medium do, 2Sa3Oc; Texas fall, 20a2Sc,
Texas spring, 25aS0c; medium unwashed
fleece, 2Sa35C; understandable fine, 2Sa34c;
No. combing, 4Sa50c; unwashed comb.
ing, 25a35c; fine Ohio delaine, 43a45c, tlue
Michigan do, l3a45c, and California spring,
22a9Oc; southern detective, l4slSc; do fall,
lSa2Oc. l--..sI. ZLAN fsat