The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-08-04

Ft. HI.. AnONs t..= .I
The New York iron and steel makers
reveal no improvement whatever, Tvle.
graphic advices to Bradstretts from Detroit,
st. Louis, Pittsburgh and other poin..
mention some gain in the feeling amor 9
the trade, and in certain lines some better
demand. The instances named, however.
do not sfford q basis for generalization to
the efecs that iron is any better off than IL
has been. Dealers in pig iron find that
commodity in no better I, q7es!. A whit
10 the more i'm portant founur.ea within six
hours Of New York city fods them with.
out stocks, and in no disposition to buy
except from hand 10 mouth, which certain.
ly indicates no demand on the ioundries,
Prices are unchssoad, nominally at $50 .
$40 90 for No. \, and No. 9 and ytay
forge, in order, each 81 cheaper than the
other. The dealings Ia pig iron In New
York since January will average 25 per.
cent, than in like portion Of las. year,
and at present continue in about that pro.
portion, being called for in ten and twenty
and twenty-five ton lots. H. -
At Pittsburgh and elsewhere west there
is reported gain in the demand for
plate', and to less extent for other yarie.
ties Of uumanutactured iron. Prices for
bar and other forms are unchanged, the re-.
ported increased demand not having shown
itself here sufficiently to aft f-ct them. Im.
portstions at Scotch pig a. Nav York are
80 or IS percent less than one year ago.
Prices here are nominaliy unchanged, but
concessions Of 25s per ton a. the dock are
occasionally made to avoid the necessity
oi storing. The arrivals this week we1s
about 700 tons, none thus far reported as
yarded. Seel rails are badly demoraliz I'D,
There appears to be some diffiience On the
part Of, csrtain publications to making
known the actual depths to which this
commodity has gone in price. A late sale
was for $27 Is; again, ''the lowest price on
record" IN the UHited Stste3. Oae weak
ago the official organ o! the iron and steel
trades g*ve $2a es a probable bottom price,
and looked lor an advance. The latter
must come, OF course. The question now
is whether the upward movement will
cnme before further depression is noted.
Steel rails at present are relatively cheaper
than pig iron.
-I.... HOOAs
BosroS, August 2-The Ader!iser In it's
weekly review Of the wool market says
The feature Ct the market has been the
change il the position Of Michigan wool.
Foc, two weeks the bears we're. loud 10
claiming they could buy all they wanted at
%; money wes hard, aud strong pressure
to sell that and all wool was anticipated
They were too previous, 90 to speak. A
large speculative inquiry Was created at
2ac, at which some pales were mad.; but
last week general stand was taken against
that, and at the Gloss 291 ,30c was the price,
mors the latter than the former. Some
letters were even received from Michigan
from dealsrs there wanting to buy at 20c,
but they came too late. Mills that N.re
urged by commission dealers to buy ut 90 !:
are to-day surprised that the same purchases
could not readily be nade at SOC. The
wool he, been sold too cheap, bu. so have
all wools, 10 that tinanutacturero q, We have
repeatedly stated, have each time they en-
tered the market expected to. buy lower
than the previous, time. They have over.
reached themselves, and this week some
large mills have been stocking 10 eix,
months ahead, believing that good wool is
cheap and Gan 60 no lower. It will be no.
ticed that sale Of 80. 600 Michigan has
been m .de at Sic, bat considerable can
still be bought at 9O,, although much is
held at Sic. The market ia ID no condi.
tion, to stand any preiaure to sell, but ths
gene{aitone - better. As yet there has
been very little II any speculation, and
sales have bean made almost entirely to
manufacturers. Money 10 easier, but IL no.
freely circulating, and the spirit Of caution
still prHvails. There has been better de-:
msnd for fine delain,; wools are yielding
m unusually small percentage, and there
Ia likely to he scarcity later. The con.
sum ption will be larger, for some mills
have stopped uBing daa medium combing
woods and gone on to fine dslaine. Com.
mission houses have been pressing Terri.
tory and Texas woods, and manufacturers
have taken large quantities. Pulled woola
have been very quiet. We have reason to
believe that sales Of spring California have
BEEN made in this market which have moi
been reported. y5.a, .,ls (.
|G,ys, The Cotton Crop. .,- +.
Z New ORpEASa. August S-H. 4 B. Beers
cotton. crop report, Just published SHOW