The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-03-12
THE BUSINESS WORLD.
rAE GENERAL CONDITION oF TRACE.
Reports from the Commercial cea,.r Of the eOua
try Substantial improvement Noted.
Wool Trade Fairly Acti,s-So sps.
.elal Change 10 the Iron Market.

u WOOL Trade falrly ActtIe-So Spo-
.elal Change in the irOa Market
New YoRH, March 1O.-The telegraphic
reports TO BradStreet3 this week from all
the leading trade centers OF the county are
con6rmatory Of the anticipated improve.
ment Of business consequent upon the
adjournment ot Congress and the enact
ment OF tariff bill. The dispatches are
uniformly favorable IS regards the pros
poets OF the spring trade. Wheat has
shown declining tendency during the
week, owing to the fact that the accumula-
ton Of foreign wheat in the United King
domis large, and that consequently there
seems to be less urgency there to provide
against the shortage in the next crop. Tho
rumors OF damage to the winter wheat in
Indiana and Illinois have, however, sus-
tanned the market and prevented an inn
portant decline. Corn has remained COM
paratively unchanged.
Tho speculative petroleum market con-
tinues TO tluCtuate as the reports OF new
wells are made good or arc proved to be
false. Stocks Of refined oil abroad arc
heavy and the outlook here for an increas-
ed production and the large stocks have
prevented exports in spite OF the decline in
prices during the week. % 4u,
There were 20S failures in the United
States reported during the past week, 52
less than the preceding week, 81 more
than the corresponding week Of 1882, and
Is more than the same week OF 1881.
IRON. lp tJu
Reports from various iron centers mem
ton an improved tone to the market, but
as yet no special improvement in prices
has been developed. The adjournment Of
Congress afforded some relief, but the
Tariff bill itself will hardly be regarded
as any stimulation. The reduction Of 2S
cents in duty on pig iron is met by an in
crease OF % cents on iron ore. While the
latter was unnecessary, the former amounts
to nothing, except that it will be tritle
more difficult to reckon the duty on lot
Of pig iron at 81 72 than at the old rate OF
s.. These samples fairly characterize the
Importance Of many OF the changes in the
metal schedule, and, as whole, have no
elect in protecting the interests referred 10,
and, on the contrary, do not constitute an
appreCiable reduction 80 far as the con-
sumer will be able to realize. The most
that can be said is that these changes
constitute beginning. Pig.iron makers
have opened their books, and con-
tracts are offered for $24a22 respectively
for No. and No. 2 anthracite iron. No
rush oil consumers to place their orders has
been observed. Usually at this time there
is u slight furry In the market and cons;d-
erable discussion takes place in the trade
in connection with thGppening contracts.
Consumers this season do not appear to be
in hurry, and no large orders fer season
delivery are yet reported. Scotch iron
continues quiet at unchanged prices. MAN.
ufaCtured iron has been inquired for more
freely, but continues 10 be quoted as here
tofore noted. Several lots OF spiegelesien
have been sold at current rates, and Bes-
semer pig is rather more in demand.
The aggregate sale OF steel rails will prob
ably loot up about 10000 tons. Prices
therefor continue at S39s$i0 at the mill.
The outlook in the iron trade at present is
for fair seasons business. Buyers are
feeling very conservative in their views,
and are in no hurry to close contracts.
WOOL.
BosToE, March 10.-The AdrertiSer, in its
weekly review Of the wool market, says:
There has been fairly active business
doing during the past week, with prices
well sustained at the recent advance. Tho
sales reported by the different houses foot
up well, considering the lighter stocks to
seleCt from, the total for the week being
2y0lS,0OO pounds, against 9, 2,557, 800 pounds
last, or decrease Of $4,000 pounds in the
business ofthis week. This decrease was
not unlocked for, from the fact that there
has been large amount OF wool moving
lately, the greater part OF which, as near
as we can ascertain, has gone into con-
sumption. Manufacturers have been buy
ing freely, so that an easing up in the de-
mand Is expected, and the total OF sales
this week is largely in excess OF the vari-
Gus estimates made by dealers to-day. The
fact thata tariff bill has been passed does not
seem 10 affect the trade in the least, except
30 far as it causes more settled tone TO
prevail. ...,...,..,t .t4.4
A review OF the sales reported shows that
the largest business done has been again
in pulled woods, the total amounting to
335, 400 lbs, which is nearly 100000 less
than the business done in this description
week ago. The fact that pulled woods are
being taken 80 extensively Of late is ac-
counted for by the fact that choice heeces
are 80 scarce that fine pulled wools are be-
| Ing largely used as substitute. The sales
reported show few round lots moved, the
volume Of business being mostly made up
by numbers OF small transactions. One lot
oi 10000, lbs. pulled at 23G4Sc. was report
ed, with 1900 lbs. super and extra at S9a
pc, $4,000 lbs. super pulled at 37a3Sc.,
1000 ibs, do. do.jat 44a47 !c., 700 lbs. A
super ut 44c., besides several large transac-
tionso private terms. Theamounto Of choica
fine Ohio tleeces reported sold this week
was small, while the offerings OF this grade
are light. About 25 900 lbs. XN and above
Pennsylvania sold at 45!c., and 10000 Y
Ohio was reported at 4Sc,, although fair
quotation for the latter grade is given ut
43a4ic. In Michigan, Wisconsin, ETC.,
tleeCes there was mesgre business, owing
to lack Of goods offering, and prices. on
fine grades are firm. Some 1000 lbs. y
New York sold at 3Sa30c., and the sama
amount oi y Wisconsin sold at lc more.
In Territory woods the trade was light and
prices steady Rs to quality, while The trade
in Texas wools was meagre. The demand
Tor fine combing and dClaine Is large, and
the sales at fair values are only limited by
the amount offering. Choice No. Ohio
combing common al 6Oc, while fine Ohio
delaines are firm at 47c.