The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-04-16
THE BUSINESS WORLD
THE GENERAL CONDITION oFTRADE.
Report. From til. cena.rtill Cen res of til.
COuntry-Lltils CAasss SOtsd-WOOi Market
Coatisuss DuIl-So Material Improve.
nsat in tn. Iroa Market.

NV YoRK, April 1.-THE dispatches to
BradAreet's this week from the principal
business centers OF the country Disclose
but little change in the general trade sit
uation. The signs are Of continued though
not very vigorous Improvement. Wheat
has fiuctua,ed widely during the past week,
declining about 81 to 4c per bushel in the
early part OF the week in consequence OF
the decline in London, caused by heavy
imports, but afterwards reacting in Amer
ican markets, so that prices are less than
lc below those Of week ago. Corn also
has reacted more strongly, declining 2cper
advancing Sc in the latter part.
Ocean freights for petroleum have i'm
proved slightly. Grain is still nominal and
dull. Trade in wool has been OF hand.
to.mouth character in all markets, and
prices, as 4 rule, have favored buyers.
There were ISL failures in the United States
reported during the past week, 81 less than
The preceding week, 52 more than the cor
responding week Of 1882, and IS more than
the same week Of 1881.
IRON.
The iron market continues the monot-
ony heretofore recorded. There is no
material improvement to record in any
line. American pig is quite as dull as
when last reported. Quotations remain 1t
S24as22 for Nos. Land . respectively. Scotch
pig Is in light arrival, the total for the
week being about 100 tons, with Gales Of
all brands to abou. the same amount. The
demand for Scotch is abous equal
to the receipts. The market is bare OF
stocks Of first quality, and il and special
demand were TO set in prices would re-
spond sharply. First grades OF Scotch iron
are selling NJ abourS2 per ton less than No.
American. The manufactured iron market
is unimproyed. Bessemer pig has been bid
for at SlaSl so below current quotations, but
no concessions are known to have been
made. steel rails are dull at $50 for ordi-
nary sections. Lighter qualities are quoted
at $40 ISL. Some sales have been made
at those figures. The impending wages
difficulty between the the mill owners rep
resented at the recent Pittsburgh convention
and the Amalgamated Association OF Iron
Workers was discussed in joint meeting at
Pittsburgh to-day. The present rate Of
wages will terminate June l. The rate for
the year succeeding that date is the subject
under dispute. The mill owners declare
that the employees must be contented with
10 per cent less wages.
." WOOL.
BosroS, April 1.-THE Adrtnier in its
weekly review Of the wool market says:
The dullness OF the market has been fully
maintained, and prices continue to fIvor
the buyer, so that any pressure to sell must
be accompanied by concessions. Some
shrewd buyers are beginning to take an
interest in the situation, and are quietly
picking up odd lots OF wool which are
bargains. Their views oil the market are Of
course very bearish, and we head OF some
dealers declining some Of the floating
offers. Among these was an offer OF 42.c
for &N Ohio, which dealer claims to
have refused. The transactions in fleeces
have been larger, but there is really not
much tone to any particular description OF
wool. Dealers, however, talk with more
confidence toward the close, and the opin-
ion is more often encountered that wool Is
not going much, II any, lower, and that
between now aud the receipts Of the new
clip prices will appreciate. 1t is very
noticeable that all reports agree that the
country is entertaining the opinion that
wool is going to be higher, is spite OF the
present weakness, aud they will hold rather
than sell at low prices, all OF which sounds
rather familiar.
We should quote the selling prices OF the
market OF leading descriptions as follows:
Ohio and Pennsylvania No. / fleece, 45c; Y
and XX, 40A43c; fancy XX, 44a45c; Mich.
igan y and above, SSAi0c; territory fine,
l9a2lc; good Montana, 2Sa25c, choice me-
dium do 28a30c; Texas fine 2!a25c; medi.
um do. 2SA30c; Texas spring 2Sl32c; medi.
um unwashed fleece, 2Sa35c; unmerchanta-
BILE fine, 20A33c; NJ. combing, 4sA50c;
unwashed combing, 2SaS5e; fine Ohio de.
laine, 45ai6e; fine Michigan do. 42la43!c;
and California spring, 25aS3c; Southern de-
fectiye, l6a20C; do. fall, lSa20.