The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-04-02
THE BUSINESS WORLD.
THE GENERAL coNolrloNoFrRAoE.
Reports from the Commercial Center. of the
Country-Coatlnusd improvement Noted.
Wool Market LsIs Aetirs-Iroa
stlll Dali and LIfslsSs.

NEW YoRE, March 3l.-The dispatches
to Bradstreet's this week from the leading
trade centers OF the country reveal a con.
tinued improvement in the general trade
situation. The improvement is not alto.
gether evenly distributed, the uncertainty
Of the weather and other causes operating
to retard trade in particular lines. The
cotton market has been very dull. Wheat
has remained almost unchanged in price
during the past week, but expectation has
been encouraged by lower ocean freights,
Corn has been advanced slightly in the
past week by speculation, but the legiti.
mate influences on the market favor lower
prices. Provisions have been frmer, in
consequence OF the manipulation Of prom.
inent speculators at Chicago, who are be-
lieved to have control Of the markets for
pork and lard.
There is considerable cutting under the
new schedule. Ocean ireights rule in
shippers' favor, but exports are not large.
There were ITO failures in the United
States reported during the past week, 90
less than the preceding week, 4i mora than
the corresponding week OF 1882, and 5S
more than the same week Of 1881. ..
IRON.
There is no improvement 10 mention as
yet in the general condition Of the iron
market. Pig continues liieless. 1t is re-
ported that number Of furnaces are piling
their output. The mills are bare Of stock
and buy only for immediate wants. Few,
II any, members OF the trade will venture
TO suggest an explanation oi the unexpected
continuance OF stagnation. Prices for No.
and No. foundry remain as last quoted,
S24 and 500 respectively. Scotch pig here
Is very dull. Prices are practically un-
changed. Where concessions are made 1t
Of storing. The arrivals during the
week will aggregate about 1000 tons
OF various brands, part oil which will be
stored. The sales will probably not ex'
ceed 900 tons. There 10 some small i'm
provement In the demand for refined bar
iron In small lots. Inquiries for the same
are also reported more numerous. Prices
are as last mentioned. There is no special
change to note in other lines. The reported
starting up OF the large steeirail mill at
Scranton, which is to employ 1000 hands,
does not bespeak serious depression in
rails. From current advices it appears
that the Pittsburgh furnacemen are enjoy
ing more trade than those elsewhere. OIL
the outlook In iron no one cares TO predict
and nothing appears to suggest itself.
~ WOOL.
Bosros, March 9l.-The .ddertissr in its
weekly review Of the wool market says:
The market has not only been less active,
but prices have eased off under the almost
neglected condition Of the merchandise,
and any pressure to sell on the part OF
dealers would cause further decline.
Michigan Y that has recently been sold at
43c, can now be bought at 40c, and SOC was,
later, all that could be secured for a desir-
able lot. Manufacturers are, as might be
expected ffom the large sales since the first
OF the year, well supplied, the sales on
their side showing an increase OF I,OS3, ,0l3
pounds. The last boom, though oil short
duration, caused considerable wool 10 20 TO
manufacturers, and they are now supplied
forshort time. There is no encouragement
for them either 10 lay in stocks, It certain
ly does not look like higher prices for
wool Just yet. and the goods market Is
not particularly rushing, so that manuiac.
turers, assisted by.a tight money market,
do not buy wool. There Is nothing to be
regretted in the present turn OF the market
from one standpoint, for 1t will serve to
tone down the country, which started up
with all sorts OF extreme prices when the
last boom was on, and It has not yet sub
sided. The only trouble Is that Just when
the new clips are later coming forward the
demand from manufacturers may be such
that prices may open badly In the country,
and the whole market be demoralized.
Every year it becomes more marked that
whenever prices In the city advance say
l cent per pound the farmers in
the country respond by asking 2
cents per pound more. The most
serious losses upon wool are incurred,
generally speaking, by those who limit the
price that commission houses shall sell at,
Tor the market frequently declines before
the limit is reached; the condition Of the
wool Is not such that will command the
top market price, and so finally the amount
Is settled Enthusiastically. The full prices
are always for the best wools, and farmers
have frequently but poor idea Of the diff.
erent grades Of wool this market exacts.
The demand for pulled wool has again been
extensive, the sales footing up over SOO, 600
pounds. The coarser grades Of pulled are
slow. - sf 80 .s''''
A LACERArED HEART.