The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-10-01
THE BUSINESS WORLD.
GENERAL CONDITION OF TRADE.
Dl.,rlsa.lea or ssresasdl,. K.spl.s W With
Former Reports Situation OF the Iroa Market.
Decline In Southern PIs lroa-woOl
f, Actlrs and Prices Well Maintained. '

NBw YORK, September S.-The general
distribution OF merchandise during the
week has, on the whole, kept pace with
record Of the two or three preceding weeks.
There is ne resson, to judge from the spe-
cial kilograms to BrddSttst's to be-
leye that there has been any marked,
gain. The heavy failures in New York,
low water in the industrial regions OF New
England, and perceptible hesitation TO
buy in excess OF immediate wants in many
localities, have conspired to keep the tide
Of trade at recent levels. The movement
OF dry goods generally has been well main
tanned. New York, Boston, Philadelphia,
Baltimore, Chicago, and the two chief
cities in Minnesota report conspicuous
movement in this line. The industries OF
the country are fairly well employed.
The speculative wheat market has de-
clined from the closing rates on Friday one
week sgo, owing to an Unexpectedly large
increase In the visible supply and prac-
tically no foreign demand. Indian corn has
been similarly affected; visible supplies
have increased heavily, and both home and
foreign buyers have neglected it Millers
are not taking supplies inexcess Of present
wants, and the grain exchanges find trade
rather dull. Provisions have tilctuated.
The decline has gone below expectations
aud formed the basis for reaction which
does not promise to last long, owing to
continued heavy receipts OF hogs and
apathy from the home and foreign trade.
There are lG4 failures in the United States
reported to BrddStrfet'$ during the past
week, IS less than the proceeding week, .
less than the corresponding week Of 1882,
and 81 more than the same week Of 1881.
IRON.
The transactions in American pig iron
during the past week have been about tic
same as reported during the week preced-
ing-in small lots at full prices, and taking
place oftener than had been suspected by
many in the trade themselves. Prices con.
tinue practically at s22 for best grades Of
American, like Thomas No. l, although
s. $50 has been reported as the asking
price for best grades oil Crane and Allen
town iron. There Is, on investigation,
however, little reason TO call the price
above SO. The market is called quiet and
the tskings. steady. Stocks are not in
creasipg. Where several Of the smaller
furnaces have been blown out, newer,
larger, or more efficient furnace has taken
It's place. 80 that the production at the pres.
ent time quite equals that atthe correspond
ing time in 1882. During the past year
southern makers OF pig iron have attempt-
ed to persuade New York dealers that their
product could be haEdled to advan.
tage in this city for the New England
aud middle States trade. Thus far we
have been able to learn OF no New York
houses who have agreed to this view. Asa
consequence, as reported here, the mar
ket for southern irons continues to
be restricted to the west, outside OF
their own particular field. The growth
OF the southern pig iron induE-
try Is attracting considerable attention, but
thus far tits not knownto to have supplanted
the Pittsburgh iron Except at some west
ern centre) outside OF its own field. Are
cent decline in the price oil southern pig at
Cincinnati has called for comment. Spec
ial dispatches to Brudstretfs, intimate
thatitmay be dueF to o tendency
to overproduction In Virginia. This Is not
admitted however, in Tennessee, as in that
region furnaces are well sold ahead, are re-
fusing orders, and prices, are firmly held.
The importations OF Scotch pig iron here
during the week will aggregate about 200
tons, sales being entirely nominal. Prices
OF Scotch abroad are firm aud slightly high
er, owing to an advance In freights. Prices
here are steady and unchanged on basis
u Ia 10 Nd
A fair business only is passing Prices con-
tinue at $2a2 20 for common, and 230a
240 for refined. Steel is cheap and in
moderately good request. S'eel rails are
fairly active, although but few new orders
were received during the week. Prices re.
main as before.
WOOL. N-
BosroN, September 2o.-The Airertisr in
It's weekly review Of the wool market
says: The week has again been very busy
one, as the sales demonstrate. The feature
of the week has been the call for the bet-
ter grades Of unwashed woods, which have
been much sought for, SO that the sales OF
this description are the largest made this
season, exceeding those OF last week by
4l55O0 pounds. Prices Of the more de-
sirable grades OF unwsshed wool are con-
seouentIy about one cent higher, and fine
delaine and fine fleeCes are also higher.
Ohio M wool is in light supply, and an
extra choice lot would command 40 and
42c The stock OF desirable heeces has
been much cut into by recent sales, and
selections are not 80 complete. Much
fleece wool Is now held out OF the market.
The recent furry caused dealers and man
ufacturers to send into the country for
what desirable woel could be found, and
such markets as Chicago, Milwaukee and
St. Louis have been pretty well cleaned OF
such. Many buyers have been through
Ohio, and sales have been made there al
high as SIC for y fleece. The sales this
week have been more evenly distributed
than q week ago, and while few houses
have done LEES, the majority have done
msre. Combing and delaine have been
much more sought for, and with the sales
OF the week stocks are quite broken.
As prices OF fleeces have been advancing
80 OF late, II is well 10 remember that high
prices OF such may cause Australian and
Montevideo woods to be freely imported.
The Melbourne sales open on the 18th OF
next month. The new clip oil Australian
Is T reported to be Isrger than ever before,
and the condition is splendid" Fleeces
are just now In demand for the manuiac-
tnre Of Jersey cloths, the sale Of which con-
tinues great, but 1t Is thought the height OF
the fashion has been reached. The London
sales continue without any change worthy
Of being cabled. A large amount Of defect
i've wool Is being sold in London, and
while prices arc low for such they are prob
ably dear enough. Choice woods there
maintain prices.
Mys'erioas Disappearance.
A recent issue Of the Parkersburg Journal
had the followinGi The police OF Parker.burg
"