The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-06-04
THE STATE0F TRADE.
NO IMPROVEMENT IN BUSINESS.
Tho rr.e. ofths Bad weather ..d the Expected
Strike Of the Iron wOrktrs-sO Change Ia the
Iron Harkst-faraAcIs Blows 0ut-ao
p New PsatursS In the Wool Trade.

NKw YoRK, June Especial telegrami
from the principal business centers OF the
United States to Brddared'S reveal no ma.
terial Improvement in the business situa-
ton since last week. The distributive
movement has been retarded by wet and
cold weather in the lower lake regions and
in States west and northwest. The expec-
tation OF an iron mill strike also exerted an
uniavorable effect on trade, and, to judge
from special kilograms received from west.
ern iron centres, the news Of the abandon
ment Of their position by the Pittsburgh
mill owners, is not looked upon further
west as favorably as might be expected.
The May cotton report to Brddareet's
shows that up to May 18th the wealth
er for the season had been only fair.
Dispatches TO date do not show gen.
erai improvement. The acreage for 1883,
as indicated by the reports, Is IL, 2G0O0
acres The stand OF cotton is reported fair
10 good. Cotton at New York has declined
to I0i cents. Wheat has been higher, has
declined and lat.erly has risen again. The
last move was caused by the Chicago bull
clique and their New York and St. Louis
hackers, who were assisted by the doubts
existing as TO the extent Of damage done
by the cold and wet weather at the West.
Corn has been higher, and is firmly held.
Reports are current OF some that has been
planted having rotted, owing to the pro.
ioneed wet weather. Provisions have been
in no special demand for legitimate uses.
The market has huctuated daily during
the week, with a net decline 10 date. A
few large speculators have control OF
stocks, and transactions are therefore re-
stricted.
......r IRON.
There is no special change in the pig
iron market About IS furnaces have
blown out along the line Of the Reading
railroad, and within the next ten days
some 10 or Is in the Lehigh valley will do
likewise. These comprise all that are now
known to have had an intention 10 close
out within the immediate future. There
are no signs OF an improvement In Ameri-
can pig at an early day, and the trade now
looks ahead to hoped.ior revival In gen.
eral trade in the late summer or early fall
which shall make its influence felt on the
iron trade as well asother lines oiindustry.
Prices remain unchanged. Arrivals oi
Scotch pig during the week have been very
light, la part on account OF steamer from
Glasgow being past due. The total will
not be over 600 or 700 tons, and the sales
to arrive have been rather under than over
those figures. Prices for Scotch are also
unchanged, on the basis Of Egiinton at
$50 50a2l. This shows that prices Of the
better grades Of Scotch iron still continue
relatively higher than those Of correspond
ing American brands. Bar iron has been
,frmer II 9 20a2 SOC. This has been in part
on account Of the expected strike OF West
ern iron mills, which it is now learned is
not to take place. Steel rails continue firm
al S38440 at tine mill for standard weight
rails. Nails are firm and in fair demand
a, unchanged rates. Most Of the varieties
or Manufactured iron are dull and not in
special request. ssiir.g i.
80 WOOL H
BosroN, June 2.-The Adratiser in It's
weekly review Of the wool market says:
There is an absence q any new and i'm.
portant feature to the situation, woolen
goods evidently going very slowly and
holding the key tothe same. In the inte-
or, as rule, wools are arriving more freely,
accumulations are larger than week ago.
and farmers and others are holding above
The views OF buyers. Il has happened very
generally thus far this season that the
opening prices have been the highest;
hepce, some OF the holders are holding for
the high prices. q
In Texas, at Waco, the farmers ara hold
ing ior 25c., and few small lots could be
bought for ltss, but there is very little
doing in any section. Most OF those out
there are after consiguments, and some
Philadelphia houses have been advancing
freely. In Montana the business is very
light, and most of'the wool will have to be
consigned unless the farmers are willing to
drop prices. In Michigan the season is so
backward that shear!ng has not yet begun.
The California market remains very dull,
but prices are firmly held. In Los Angeles
the country Is gradually going from sheep
raising into vineyards, and many Of the
sheep there have been sold TO go 10 Texas.
Shearing in the North has hardly com
menced, and only a few new Northern
wools have yet arrived in San Francisco.
Iu Ohio some OF the early-sheared wool
has been sold in small lots ut 30c,, but not
enough to make a market There stalk
that some Of thegrowers will stand out for
40 cents for their wool, but Others report
that farmers aretalking not over 80 cents,
and there will be Competition 70 sell at
thar. Washing has commenced. In Vir'
pinia some OF tue coaiser wool sheep have
been shearcd, but the finer woods have not
been. Buyers out there have been pay
ing 26a27c. for sool;clips, and 25c. for some
OF The. low clips. In Kansas there has
been nothing doing. In Colorado growers
are offering their wools at lsc., but that is
- II. II