The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-05-07
STATE OF TRADE.
QUILL BUSINESS Foa A WEEK.
What Has Been Don. a.d the pro,p.e.-Ord.r,
Coming Ia for stsslEAil,-rhs Iron D.prts
.loi-ysry Little Doing In Hooi-A
waiting Market In General.


Coming Ia for Steel EAils-rhs Iron D.prts
.loS-ysry Little Doing In NoOl-A
NaltIns Market In General.
NEw YoRE, May 5.-The dispatches to
Braddrert's from the principal business cen.
ters of the country indicate but little change
in thefbusiness situation. The condition
Of general trade is fairly satisfactory, with
tendency to Improvement Wheat has
advanced during the week on sales for the
most distant deliveries in September and
October on the belief in damages to the
crops in this country and the certainty Of
short crops in Europe. Corn has been
rather weak, and decline has been pre-.
vented by the strength Of the wheat market
and the frmness OF the provisions market.
The American pig-iron market is practi-
cally unchanged. No news has been re-
ceived OF the blowing out OF any OF the
smaller furnaces, but the opinion prevails
that some must retire in the event OF con.
Scotch pig Is dull and unchanged. Arrivals
went directly into consumption. Sales
TO arrive are not OF sufficient amount
to quote. Steel rails are frmer.
Purchases Tor immediate delivery cannot
be made, even the Philadelphia mills,
which have not been reported as heavily
filled with orders as those in the vicinity
OF Pittsburgh, are now said 10 have orders
fully six months ahead. The representative
Of one large Philadelphia steelrail mill
said yesterday that his mills are filed up
until the last OF October, and another until
November. Bar iron is weaker, in sym.
pathy with pig iron. Petroleum Is higher,
as the mystery wells have proved OF no
especial value. The anthracite coal sit
uation is practically unchanged; prices are
no better, and trade is only lair. Ocean
freights are at nominal rates. Petroleum
charters have been secured during the
week to some extent, but on the whole
business in this line is dull. There were
1872 failures in the United States reported
during the past week, 81 less than the
preceding week, 81 more than the cores
ponding week Of 1882, and % more than
the same week Of 1881.
IRON.
There has been no material change in
the pig iron market during the past week.
Prices are unchanged, and sales have been
moderate, in spite OF the reduction. The
tone OF the market is described as dull. No
furnaces have blown out since the cut in
prices, but the opinion prevails that sooner
or later, number OF stocks OF the smaller
and older furnaces must suspend produc-
ton. The arrivals Of Scotch pigs this
week will aggregate about 2, 600 tons, but
there are no sales 10 arrive worth mention
ing. The receipts have mostly gone into
consumption Immediately upon arrival.
The Scotch pig market is quiet and dull.
Bar iron is quiet, owing to tue effect Of the
cut in American pig iron, though no reduc-
ton In quotations are recorded. Steel rails
are trmer. The mills are well filed up
with orders, and there are scarcely any Of
them which are notsupplied with work for
six months ahead. Other varieties OF iron
dealtin extensively at New York arc feat
ureless.
WOOL.
Bosrog, May 5.-The Adratiser in It's
wool article says: The market has been
in much the samecondition as for the two
previous weeks, and any dealer who wants
TO sell has to make concessions. There Is
considerable scrutiny Of tho financial stand
ing OF manufacturers, owing to the pro.
longed period Of depression in the goods
market. Il will be seen that the total sales
this week have been 408, 700 lbs. less than
a week ago, hut that the sales OF domestic
have been 1875, 500 lbs. more than lastweek.
There is really no special feature to note.
Some fat sheep wool is coming forward, hut
as yet very little new wool has been re-
ceived, and the season is everywhere re.
ported backward. This market, the general
condition OF business, and the prices asked
afford as yet no inducement TO buyers 10
operate in the interior.
In Ohio the sales amounted 10 10l 400
lbs, against 106,S00 week ago, or a de-
crease OF 1900 lbs. In Michigan the sales
amounted ts,l7, 300 lbs, against % 200 last
week, or a decrease Of 5000 lbs. In Texss
the sales were about the same, or about IL.
500 lbs. In combipg and delaine thssales
foot up Al, 200 lbs, against 73,900 last week,
or decrease Of &c, 700 lbs. In secured the
sales were 10000 lbs., against 1872 900 last
week, or a decrease OF 2S.900 lbs. In Cali
fornia fall the sales amounted to GG,000 lbs,
against 81 600 last week, or adecreass Of
1900 lbs. In foreign the largest increase
was in Cape, the gales. OF which amounted
to $4,000 lbs, against $4,000 last week, or
an increase Of 65,000 lbs. The sales OF
Monteyideo were small this week, amount.
ing to only 5000 lbs, against 625,0O0 last
week, or a decrease Of 900 lbs. There
was sale Of $4,000 lbs. English combing,
against none last week.
Weshould quote the selling prices Of the
market Of leading descriptions as follows
Ohio and Pennsylvania No. fleece 4Sa45c;
Y and XX, 40i42c; fancy XX, 4Sa44c;
Michigan y, 37a3sc, an M, SOC; territory
fine, 19A23c; good Montana, 25a25c; choice
medium do, 26aS0c; Texas medium, 2sl30c,
Texas spring, 26aS0; medium unwashed
fleece, 27a32c; understandable fine, 2SaS0c;
No. l combing, 4Sa50c; unwashed comb.
log, 2Sa35c; tine Ohio delaine, 4Sa45c; fine
Michigan do, 423a4Sic, aud CaliioSnia
spring, 22a30c; Southern detective, l6alSc,
do fall, lpal5c.
The Arkansas Travellers. .
ST. LOUIS, Mo-, May 5.-Advices from
Van Ruren county, Arkansas, says that
that section OF the country Is being held
In terror nv two aecaued conviCtg named