The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-07-30
STATE OF TRADE.
EFFECT OF THE OPERATORS STRIKE
Not so DIsAstrousto Business as wAa PrOphssIsd,
Not Much Change Reported In :he Iron Market
Prices FIRMLY Hsld-furnacss In
BlMt-WOOl Sales IuersAaIns.

NEW YORK, July 2S.-Special telegrams
to Bradstrect's from leading business cen
ters throughout the United States yester-
day do not record such marked derange-
ment OF general trade as had been duly
prophesied as the inevitable outcome Of a
general strike among the Telegraph oper-
ators. Speculative business at the various
exchanges Of the country, stock, grain, pro-
duce, cotton, oil and others, was greatly
cut into by the inability Of operators, large
and small, to communicate promptly with
their customers. But even in these depart.
ments OF trade prices were not demoralized.
In fact, In a number OF them an advance
was made while the effects OF the strike
were at their worst, The legitimate con-
sumptive demand OF the country, however,
in all lines had not been materially inter
fered with except in the south,
and even there the check was moi
serious, being due to the fact that at
number Of towns outside communication
by wire was entirely cut of. The July
cotton report 10 BfudStreetS shows the con-
dition oi the crop TO be not above fair. In
Georgia severe drouth is doing injury.
Wheat, after declining, hardened, drop
ped away again, and closed yesterday at a
fractional advance, due largely to the
heavy storm at the west and the exertions
OF large short interest to cover. Corn
has been higher, but bad weather and the
posting OF nine and a'half carloads in New
York yesterday weakened 1t at the close,
Provisions have tluctuated moderately
within the week. Nothing conclusive can
be learned Of the alleged attempt TO corner
lard again ut Chicago, and little credence
is given 1t. There were l6S failures in the
United States reported during the past
week, 40 more than the corresponding
week Of 1882, and 20 more than the same
week OF 1881.
IRON.
There is not much change to record in
iron during the past week. Pig remains
about Gs last quoted, viz special American
brands at S23 O0A23 80; No. | American
foundries extra, $2S 90, and No. !, S22 90.
In similar manner do No. . and forge
therefor, so 90 and $40 90. Prices are
still firmly held, but as yet there Ia no rush
TO buy. The fact that prices have sustained
no advance is evidence OF no marked gain
in request for, at the existing frmness in
rates, any noticeable improvement in de-
mand, followed by new orders, would be
reflected in higher prices. Various western
pig iron centers have felt the late improve
ment in American pig iron as recorded
in special telegramsto BradSreftS given be.
low. Furnaces arc not pxious to contract for
future delivery at present rates, and the fair
order business now doing is mainly for im.
proved wants. Atthe west the southern iron
trade report charcoal irons rather slow,
soitening irons in fair demand, and forge
irons firm but not active owing to the suE-
pension of work at the nail mills. The ad.
vance in rates at the west, in some locali.
ties, evidently does not mean as much as
at New York, for leading Cincinnati au.
thority reports that while the features are
about the same as week ago, with liberal
amount Of business, buyers get the iron
they need at prices which represent no ad.
vance. The number OF pig iron furnaces in
the United States in blast July |, 3i3, is
less than the total since July |, 1874 when
the total was but 277. July |, 1880, the
total number in operation was 4l3, July !,
1881, 1t was 437; July |, 1852, it was AL,
and on the lst lust, 81 less than the total
at the corresponding date 1882. The num-
Der Of furnaces in and out OF blast at the
dates named below were as follows: