The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-07-23
THE BUSINESS WORLD.
REPORTS FROM FIN -NcIAL CENT AS
laaeAt. Obtlne. lnpto,sa.at Ia rr.ts-ESut
Of the 0psrstOn' ssrIGs-ihs Iron IArktt
strsnEthsainF-Eurusess to BlONia
Next noath- Wool Active.

) Next n0ath-WOol Active.
NEw YoRx, July el.-Speeial teIegrams
to BrGdanafs this week contain evidence
of distinct improvement in general trade.
This is the more particularly noticeable at
the east. While prices have not as yet ex-
perienced improvement, the demand fer
leading commercial staples has exhibited a
noticeable increase, commercial travellers
having started out from a1d fall buyers al :
pearing in mercantile circles at Bostor,
New York and Philadelphia. No such
gain has been made as to warrant compari-
son with preceding years On the contra y
the improvement is observed rather ly
contract with the expected prolonged mic
sumraer dullness. The excess OF purcha.es
has been chiefly noticeable in dry goods,
wool, leather and non. The industrial
disturbance has eliminated this week in
the strike oil about threP-tourths OF the lei.
egraph operators. The COMPANIES have
succeeded In replacing only small portion
ot those who struck At New York the
volume OF business has been restricted,
. owing 10 the inability Of the telegraph
companies to forward the bulk OF private
ltommerciai dispatches. Commercial aud
financial quotations have, however, bean
forwarded With moderate degree Of
dispatch. Local telegrAphing and other
dispatches of lesser importance have
been more or less Obstructed. 1t must be
noted, however, that no such distnrbapce
in business circles has resulted from The
telegraphers' STRIFE as was anticipated. The
cigar makers lock-su, In New YORK ar
pears to be the outcome OF al interference,
on the part Of rival trades unions with shop
regulations. Wheat has advanced about
Sc on the week under the inf fence Of bal
weather, b titmer market abroad and active
bull manipulation at home. Corn has
been tirmer but has experienced les,5
change in price. The weather has been
reported as uniavorable to the growing corn
crop, and several lois OF tue cereal in East
ern elevators have been posted as damgaed
by the heat. Provisions have advanced
somewhat owing for the most part TO
manipulation, though several sales at CHI
cago and q few export orders influenced
figures somewhat Lard saw a gain OF .45c
per pound, aud spot mess pork an advance
Of .25c per barrel.
."' IRON.
The record Of improvement reported in
the iron market last week continues. Pig
iron is frmer and No. grades Of Crane,
Allentown aud Thomas iron are held at
S9S, one dollar above nominal quotations.
Sales of American iron have increased in
the aggregate, but the orders continue
small. The condition OF the trade is re-
ported very healthful and the prospects
are believed 10 be good for satisfactory
fall trade. Word comes from the west
that several furnaces along tha line nf the
Pennsylvania and Reading Railroad will
blow IN on or about August l. These Will
not effect the New York market TO any OK
tent, but il fthey do begin production again,
1t is uuquestionable that 1t will be in re-
sponse toan increased demand for raw iron.
Prices Of Scotch iron abroad are a fraction
higher and stocks are firmly held. Freishts
to this side are. also up Ito l0s.,) which
makes dealers hers tirm in their views that
prices should go up point or two before
making sales Receipts for the week have
not been in excess OF the average weekly
arrivals OF Sc tch for some time past, saw
about 1900 tons, and sales to arrive will
not exceed that amount. Steel rails con-
tinue Rominaliy at SIS per ton, and but
few new orders are reported OF any maoni-
tude. Bar iron mills in Pennsylvania are
running on from one-hali TO three quarter
time, and in this way about keep apace
with the demand Manufacturers expecta a
fair fall trade, but at prescut bar iron il
very dull. Concessions are reported on the
| halt1 nf v1l Dc fnK raRnaI
.4-r , q, uI I.as- . WOOL. ti -. -
BosroS, July 1.-THE Adrertiser in its
weekly review of the wool market SAYS:
The wool market has been more active than
even q week ago, when the sales were
267SY7OO, having been 4, 754 900, or an in.
crease Of 1910. 800 pounds. As compared
with the sales for the corresponding week
last year they are 1871 ,45O pounds less.
Some OF the houses did very large bust.
nese, two OF them selling more than half
million, one OF the two about a million
pounds. The week has been still less &C.
tive than that ol the 18th OF February.
when the sales were 4,244, 400 pounds, or
400, 400 pounds more than thts week. The
changes in the prices are almost nothing,
but in the country, in Michigan and Ohio.
dealers have been Obliged 70 Withdraw rs
buyers, owing to high prices paid by manu-
iacturers. Most OF the choice wool remain
ing is now in second hands, and q profit
on the original purchase Is OF course asked.
In some OF the sectionsof Ohio, where the
fine woods are, many OF tho clips are held
out CT the market The cause Of the in
crease in the sales has been Iarpe ,rnps.
actions in Georgis, Texas, Elstern Oregon,
spring California and pulled woods. They
would necessarily indicate that manulact.
urers have confidence in present values.
while many purchases are no doubt
prompted by the fact that now Ia the best
time to make selections. Wool has come
torV ard more freely thisweek. The mills
will largely be started up again by the first
Of August. There has been more doing in
woolen goods.
A gentleman in the trade lust retured
from California, reports that good wools are
about as low now as they will be forced.
He considers that Eastern Oregon is in the
best condition since 1879, and the best is
selling there at ISi22c. There Is a larpg
accumulation Of defective wools In Calitor-
mia, which will yet have TO be sold lower.
Very little Of the wool purchased on East.
eTn account Ia coming by rail, but is being
forwarded by water ''rouud the horn,H
Northern and Humboldt wools are in aa
good condition aA ever before, and range
from 20a24c, with some fancy clips higher.
-%SS-- ~
. Dou't I.ook 10 Rosy.
WASHINGTON, July 22-To-night it was