The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-05-14
STATE OF TRADE.
UNCHANGED CONDITION OF AFFAIRS,
Bat Bl,Ia.,s R,port.d Fairly s..Isfsetory-fAs
Pir Iron HArkst Weak in Spite Of the R.due-
uOl-SO EsW Features In Nool. EI-
sspt that the Stocks are Light

NRw YoRx, May le.-The dispatches te
Bradartst's from the principal business
centers Of the country disclose no marked
change in the trade situation, which con
tinues in the main fairly satisfactory. Dis
patches from the cotton growing regions
are TO the effect that while the season il
late the weather is at present good and The
prospects Of the growing crop are iayora.
Bile. Wheat has been pretty firm during
the week, being maintained by speculative
holding in this country which has made
prices relatively higher than in the foreign
markets, and has checked the export
movement. Corn has also been main
tanned by speculation, the buyers believing
that July will show 80 small an amount in
first hands that 1t will command higher
prices in that month.
The ocean treights market Is stronger
and higher. Considerable petroleum has
been exported OF late, and it Is highly
probable that the aggregate to date will
equal II not exceed the heavy total shipped
at the corresponding time in 1882. Full
grain charters have not been frequent, but
the ocean freights market has experienced
q decided improvement
There were l49 failures in the United
States reported during the past week, II
more than the preceding week, 81 more
than the corresponding week OF 1882 and
Us more than the same week OF 1881.
IRON.
The American pig iron market Is weak,
and consumers are looking forlower prices,
Notwithstanding the reduction OF s. per
ton recently made. Sales during the week
have been small. Some cutting Of prices
is reported, and there are those who talk
about $50 for No. |. Scotch iron in this
market is no better of. The arrivals dur
ing the week will not aggregate over one
Thousand tons, and part OF this was stored.
The sales to arrive were very meagre. The
market for mill iron In the east
is somewhat firmer, owing 10 the
prospect for strike among the
puddiers and other workers in the western
mill district on June /. The efforts OF a
compromise are reported to have fallen
through, and strike on the lsG ultino is
considered almost certain. There is also
more irmness in the prices OF manufact-
ured iron, dependent upon the same causes,
but no Improvement In prices has been re-
corded. The steel.rail mills are reasona.
bly, well employed, and the products thereof
are firmly held at S3S 00a39 90. Old rails
are quiet, and scrap iron is not marked by
features worthy OF note. :
n WOOL. Xxx
Bosrox, May 12.-The Airrisr, in it's
weekly review Of the wool market, says:
"The mafkeeisspractical unchanged, but
each week brings into~great prominence
the fact that the stocks Of wool with dealers
are very light, and manufacturers find it
extremely difficult to make any sort Of
selections. As shearing time approaches
more confidence in the future ia entertain
ed by dealers, though not expressed.
Probably all hopes OF any permanent ad.
vance over the present prices have been
abandoned, owing TO the nearness OF stiear.
ing time and the unsatisfactory condition
Of the goods market Another point which
has, as we have before stated, considerable
influence on the present and future state
OF the market Is the uncertainty OF the in
auence the changes In the tariff on the
raw material will have over the relative
value Of the goods in the manufactured
state.
Dealers continue to be cautious in re-
gard to the financial condition OF manuiac.
turers, and will sell only the most respon-
sible The market here is almost devoid
Of say new feature, and the country Is ab.
sorbing attention. In Texas there has
come q lull, and the market there is easing
of. Wool is beginning to accumulate in
San Antonio, and the excitement has
greatly subsidized all through the State.
Good medium woods range from 2la2Sc..
and q small lot OF long staple wool has
been sold as high as 253c. some OF the
best woods have not ye. been offered.
Most Of the buyers, thus hr have been
scourers.