The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-06-11
THE BUSINESS WORLD.
A SLIGHT IMPROVEMENT IN TRADE.
tn. rAvorAbl. coa4l.lons-RoeE,bo bottom Prices
RsaehtdIa PIs lroa-rhs Amount Of Over.
prOduetiOn-WOOl IuaetI's and uasst.
tlsd-Lowsr Prices Prevailing.

EEw YoRE, June Especial kilograms
from leading business centers throughout
the United States to BrGdstrert's show tina;
there has been distinct, though not not a
a great improvement in general trade. A
prominent iavoring influence has
been better weather. The distribution Of
summer fabrics and light weight clothing
were first to feel the change for the better.
The movement OF staples has also been
more active at the larger centers, par.icu-
larly west and northwest. The industrial
situation still exhibits the evidences Of
oyerproduction in several lines, and to that
extent no improvement has been made.
Wheat has been lower. The prospects for
spring wheat have continued to
grow steadily brighter, and al
though bear crop advices have rather lost
their potency through having been dis
counted by the spectators, still the gener-
ally better crop outlook since the warm
weather, has served together with the large
amount OF wheat in sight and favorable
adyices from abroad, to keep prices down.
Corn has been rather frmer and fraction.
ally higher. This has been on account Of
better demand therefor at home and
from theother side, as well as numerous
statements from the West OF damage and
the necessity for replanting. Provisions
have been lower. Pork and lard have
been in no demand here or from foreign
shippers London advices consider prices
here altogether 100 high, and buyers there
are not in the market for American pro.
ducts. -....
The fight between the bull syndicate and
the Standard Oil Company still continues.
The fluctuations in prices OF certificates
have been marked and 40 enormous
quantity Of oil-on paper-has changed
hands. The statistical position Of petro.
leum iavors an advance; but some opera.
tors object and seem TO be powerful enough
to prevent one. Ocean treights continue
dull. Petroleum charters have been the
feature OF the week. There l4S failures in
the United States reported during the past
week, ~ less than the preceding week, IS
more than the correspo lding week OF 1882,
and " more than the same week OF 1881.
IRON.
1t is believed by many in the trade that
the drop in the prices OF American pig iron
made on Monday places them at the lowest
point at which they are likely to go as the
result OF the existing causes Of depression.
The cut IRON s22 TO SO for No. and from
$50 to $l9 for No. 2 American, made by the
Thomas company. is but the formal admis.
sion and recognition Of prices TO which
other sellers have been cutting in the shape
OF rebates on purchases made OF them.
During the past week sales OF pig iron have
been noticeably greater in this market
than in the same space Of time for several
months. II cannot now be said that prices
are any stronger than was to be expected
after the decline, but the feeling in the
trade has certainly improved, and buyers
who have been out OF the market for a long
time have begun sending orders for larger
lots than customary sales here have
been averaging Of late. The depressing
effect OF 100000 tons of pig iron at the
furnaces tributary to New York aud Phil.
adelphia markets still hangs over the situa-
ton, and it is believed that few more
furnaces will have to 20 to the wall before
consumption can meet production and eat
into stocks at all. The opinion has been
expressed, however, inasmuch as heavy
buyers are sending out siz .ble orders, and
from the fact that the wants OF the trade
are always largest in the latter half OF the
year, that the outlook is fairly bright for
moderate revival in demand after July.
Scotch iron here, despite somewhat llwer
prices abroad, is unchanged in quotations,
and it has enjoyed nl,her better inquiry.
Arrivals have aggregated abOnt 100 tons,
part going In yard. The salts have been
nominal. Stocks are unlmportant, and to
this fact the slightly better feeling Ia the
Scotch trade is attributed. There are no
new features TO report in other lines. Bar
is dull. Steel rails are firm at S3sA40 %.
WOOL.
BosroS, June 9-The 1drtriiser in its
weekly review Of the wool market says:
There have been some concessions in
fleets, which can now be bought about &c.
less than week or two ago, and choice
lot OF XX Ohio has been this week sold at
iOc., which would. have been nominally
quoted at 4Sc. some weeks ago. The mar.
ket Is in that peculiar condition due to an
absence Of any active inq.iry that prices
are very difficult 10 quote, since to sell any
wool or anything else upon such market
concessions would have to be made. TIE
mills arc facing the over production Of
goods in sensible manner, and several are
either Abont To shut down or have done 80. |
The markets in the interior remain |
much as before reported. S9me little new
Ohio wool has reached the market, and is |
looking well for early wool, but no better
than q year ago. In southeastern Ohio |
wool can be bought at S0s3Sc, and shear.
ing is about half over. De'lers here are
asking SOC but would take 3Sc, and some
new has been sold at SIC. There is very
little good wool remaining in some sections
Of Texas, and those who have been oper-
atiug in the wool have not made money,
as this market slipped OF too fast. Good
Texas wool has sold here rather readily on
a basis OF Csc secured, or at "a 1856, accord
ing to condition. All reports seem to agree
that wool in the Territories will be above
the average condition, owing to so much
rain and snow. Farmers are not consign-
ing their woods as freely as year ago,
but are holding back desiring 10
sell at home. In Nebraska and Montana
the sheep are not yet sheartd. Some new
wool has been sold in Wyoming at l74c,
which ia considered high price. Choice
new Kansas can be quoted here at 24I26c,
and ordinary at 2lS9i"; choice new Mis-.
souri, q, 20 ,97c, and ordinary ut 24:. About
all the wo0l in Kentucky is now out Of the
growers hands, and has gone into secotd
hands at 25c per lb. It is claimed that the
clip is about !st less than about year ago.
New Georgia woods are being marketed at
Sal: less than year ago, or at 2G:. Since
the buyers have left San Francisco there is
nothing doing there, but prices are steady.
The condition otNsw Oregon wool will be
very good this year.
AFsrmer RiddIed with BucLshoL
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