The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-05-21
'THE BUSINESS WORLD.
THE GENERAL STATE OF TRADE.
No Particular lmpro,.m.Dt Noted la I'll. B..l....
sitaAsiOa-TAe Pig Iron Market Growing
SUI WsAkSr-v col somswhAt Itr,su.
Iar-PronInsat Features OF Trade.

Nrw YoRx, May ls.-The dispatches 10
Bradstreas from the business centers Of
the country do not make the condition Of
general trade any more encouraging. No
Improvement can be reported. Wheat has
declined nearly &c per bushel during the
week, owing to an increased belief that the
damage done to the winter wheat has been
overestimated. Favorable weather has
helped, and the prevalence Of bearish news
on the breadstuffs' situation abroad also
accounts in part for lower prices. Corn
also declined about 1!c, partly in sympathy
with wheat, though largely because OF
favorable reports respecting planting and
the weather. Yesterday It reacted aud of.
set the loss. The provision markets
weakened considerably toward the close Of
the week. Free receipts OF hogs at Western
points and the good quality thereof pre-
cipitated the decline, and sales by Bpecula-
ton helped 1t on.
1EoN.
Tho American pig iron market is weaker
than it was when last reported. As q
matter OF fact, another reduction in the
price is pending. Cuts have been made Of
about Soc per ton for two weeks past, 30
that the nominal quotations OF $50 for No.
and 500 for No. 2 have in reality meant
less. Just how much the reduction will be
when made cannot OF course be told at the
present writing. This movement OF prices
Of American pig, however, quite corrobor-
ates the tenor OF recent advices which have
been published in these columns. Sales
during the week have been OF retail lots, for
immediate wants only, and producers and
consumers alike are now awaiting the
lower figures. One lot OF 600 tons OF Besse-
mer pig (foreign) has been sold during the
week for S2l 50. Scotch pig iron in this mar.
ket is relatively higher than American iron.
The arrivals this week have been moderate.
about 800 tons, and sales have been quite
AS small. The arrivals have gone into con-
sumption in small lots. The Scotch pig
IRON market here is dull, and, as may be
inferred from the above, very little is do
ing. Nothing, in fact, in the way OF i'm.
provement in pig iron Of any description Is
looked for until after july Scrap is fea-
tureless, and old rails likewise. Bar iron
Is dull, and few sales are made. Prices
continue at 2a2}c at the mill for refined,
where they are stiiliy held, owing to the
impending strike in the western aasocia-
ton on June l. No Improvement in the
outlook in that direction has been report
ed. Steel rail mills are well employed.
Prices continue to be reported nominally
$3Sa39, at which sales OF nearly 70, 900 tons
are reported. In some OF the western man.
uiactured iron centers more animation is
reported than in the east.
BosroN, May 19.-The Adrertiser, in its
weekly review OF the wool Market says:
The tone Of the market is irregular. Some
dealers report decidedly wide inquiry, and
their sales corroborate such statements,
while others report the market very dull,
and their sales sustain them. We are in
clned to consider the tone rather better.
Dealers have very light stocks, and as the
clips are all backward from two to three
weeks, this will cause the wool on hand to
be more wanted than 1t otherwise would
be. Dealers are not allowing customers to
60 by, and are making concessions in some
descriptions to make Gales, but on the other
hand offers are not all accepted. Medium
wools are firm. More manufacturers have
been in the market than last week, but all
are looking out for bargains, and are meet
ing only such wants as cannot well be post.
poned. There is every reason for dealers
to tone up their ideas, forit Is q fact worthy
OF recollection that nowhere can wool be
bought and resold here at profit.
The country markets are in much the
same condition as week ago. There have
been sales OF 750, 900 pounds OF California
wool in San Francisco last week, and this
makes the first transactions reported for
some time. There have been large Rccu-
mutations OF wool in San Francisco, amount
ing to 60O0,000 pounds. The range in
price Is l6a24c. 1t is expected there will
be good opportunity to later buy some Of
the wool.
The bulk Of the wool now selling in
Texas is at 2Oa22sc, but the wool is not 80
high as at first. 1t Is irregular, however,
and Is one day advancing and the next de-
clining. Therc have been bought by dii-
ierent firms about $50 900 pounds, and the
best woods are, It is claimed, not in yet.
Boston dealers that are in the State are
seeking consignments, but the LEGAL buy.
ers are taking some wool. For six months
growth the price is 20s24c, and for twelve
months wool 1t is 23la25c. Light shrink
ing woods woods will bring full prices. At
Waco, Tex, dealers are paying 24a25c for
fine, and fine medium shrinking 45a52 per
panf
Growers in Ohio are beginning to wash
in some section, but only fat sheep wool
has yet come forward. It Is claimed by q
gentleman Just returned from there that
the condition Of the new clip will be bet
ter than in 1882 from to 3 per cent It's
not expected that tho regular washing will
begin much before June |,