The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-07-16
STATE OF TRADE.
MIDSUMMER DvLLNgss PREVAILING
Ia Hos. LIun Of Bu,l.',.- Dlseoar.slns E.por,'
Of the wheat Crop Ia the NOrthwsst-rhs
Markets DIsturbsd-IrOn CoDtiauss Firm.
No New Features In Wool.

| Markets Disturbsd-IrOn Continues Firm.
No New Features In Wool.
New YoRK, July H.-Special telegramt
to BrGdstreet's from leading trade centert
show that while the customary mid-sum'
mer dullness prevails in various depart
ments OF business, the gains heretofore
noted have been well maintained. While
there have been several notable disturb
ances in industrial lines, none OF them
have been sufficiently widespread to affect
the situation as whole. The distribution
Of dry goods, hats and caps, boots and
shoes, clothing and notions has sustained
noticeable falling away, customary at this
season OF the year. Yet at the extreme
east there are signs OF the beginning OF the
autumn buying. In the wheat market an
unusual amount of manipulation has taken
place. D!scouraging and In part unfound-
ed rumors have been made public as COM
ing from the Red river regions OF Mime.
sofa and Dakota. The locusts in Persia
and the cholera along the line OF the Sutz
canal further co-operated to induce a
bull view OF the wheat situation during 8
portion OF the week. Indian corn has been
tirmer and the demand steadier.. News
from the corn belt points u relatively
better crop Of Indian corn than, of wheat
and estimates Of the prospective crop vary
from sixteen to eighteen hundred million
bushels. The latest telegraphic news TO
Bradareet's IRON the northwest encourages
the belief in the prospect Of good crop,
inasmuch as copious rains have set in and
relieved the effect Of 3 prolonged drouth.
This is corroborated by other and indepen-
dent adyices since received. Provisions
have declined during the week. The talk
Of yellow fever at the south, combined
with the agitation in Germany relative 10
the export OF lard from the United States
10 that country, has gone far to
depress prices, but free selling and fail
ure at Chicago and rumors OF others went
further, and the week witnessed material
decline. This was Of course assisted by
free arrivals OF hogs at the west. Petro-
leum has finally declined, owing to the
withdrawal OF the big bull clique from the
exchanges, at the head OF winch was Mr..
Keene. There were 140 failures in the
Oulteu OtAteo ItpOlted duluk tuu pa5t
week, 1 more than the proceeding week, 10
more than the corresponding week OF 1882,
and 80 more than the same week OF 1881.
IRON.
The iron markets Of the country fully
maintained the tirmness reported last week,
but beyond this there is little to report.
The pig iron market continues to favor
holders, and the advanced rates for best
grades OF foundry are well held. The busi-
ness transacted, however, has not been
noticeably large. The jobbing orders usual
ly received at this time Of the year have
been received punctually, but there has
been no new spurt, excessive or unseason-
ably good demand. The latter hall OF the
year in this department OF trade is, how
ever, very generally far in excess OF that
occurring in the first six months, and deal
ers confidently look ahead to fall revival
in transactions in pig. The turn has been
made, the decline overcome, aud with the
making known of the autumn's naturally
increased requirements Il Is believed that a
fairly profitable business will result. Scotch
pig irons have held the firm position noted
last week. II anything prices on the whole
have received slight advance, more par.
ticularly noticed in inferior brands. The
arrivals OF Scotch iron at this port during
the week have aggregated about l 200 tons,
and sales to arrive have amounted 10 about
the same. There is no gain in bar iron,
and nothing new "a recgrd CONCERNING steel
rails. Fn.
/. Wooh t.
+ The Commercial bulletin, in It's review OF
the wool market, says: Trading in domestic
woods has been in much the usual careful
form, not many buyers feeling in any way
inclined to assume the burden OF carrying
stocks, except through force Of actual ne
cessity. Even on this basis, however, the
wants are gradually iuereeging, and strain
Of hope pervades the situation, which is at
least promising. The outlet Is easily sup.
piled from tho offering OF holders, who are
willing to negotiate, but there Is an absence
Of anything in the way Of direct effort to
force business, as the accumulation at this
point is scarcely heavy enough as yet 10 be
uncomfortable, especially, the finer grades.
There has been quite a number Of manufact-
prers on hand looking oyerthe Texas Wools
and buying TO some extent, but the princi:
pal object appeared to be the locating Of
desirable parcels against such time az they
might deem It more judicious to purchase.
The cable brings generally dull and tame
accounts from England. The July sales Of
East India woods will commence on the 18th
instant With an ofiering.of about $4,000
bales. The saies reported hete duyipg the
week embrace: $4,000 lbs unwashed
fleeces at 25s35c; $500 lbs spring California
at c0c; 1900 lbs secured do at G0c; $4,000
lbs spring Texas Rt 12a2Rc; $4,000 lbsdn at
l7a29c; los, 900 lbs do at l0A26cj 10000 lbs
do at 20a27c; {, 900 lbs fall Texas at 2la22c;
6,0O0 lbs secured Texas at 47lc; 1000 lbs
do do, 5000 lbs do do, 5000 lbs Y Ohio,
5000 JOS Michigan, $500 lbs medium
Western heeces, S,S09 lps soMhias DO,
20G0 lbs medium States tleeces, 5,0M lbe
Hne do, 1000 lbs low HnwRshed do, 5000
lbs Southern, $4,000 lbs spring California,
10 bales fine East India, 1900 lbs shear.
lings, 5000 lbs No. pulled, 1000 lbs super
do, 1900 lbs Canada lambs and $1,000
lbs lambs supeE, on private terms.
M'GEOen's FAILURE