The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-07-21
\ STATE OF TRADE
BUSINESS CONTINUES At Low its.
1'sa' Aoasy NNks, Tor Connereia, Di.eot aa,
lhn "AM Crop IL the sorthuts.-1he
wool Asssst Reesterias Shxkiy
from The Imu.sss R,c.ip,,, F,1

: Hh~ YORK; July le.-specisl kilograms
70 bradaresfs from leading cities through.
out the United States report business at a
low GOD. At Chicago, Cincinnati and s..
raul 1t Is noticeable that the outlook, based
on travelers' advices aud on the preseuco
|o' buyers and other indications, fis more
favorable than elsewhere. Boston also
notice, the beginning Of Autumn orders.
and IN New York there has been an IL ilux
OF southern and Western merchants which
strengthens the position OF The marEe,n.
commercial discounts continues. rates rsnr. r.
w rom percent here to 10Y In Kansas
Wy. single name paper Is being generally
refused, aud, except for specified legitimate
'sade wants by regular customers tho com.
mefc'al community Is finding itself cut oil
rom opportunities to. extend operations.
At the interior this, coulse Is neceesitated
N order 10 obtain funds sufficient 10 10.
move the crope, In the Northwest ZONE
anxiety Is ielt on the latter account.
CROP REPORTS. u
Our telegraph advice, IRON these regions
enrfoborate previous reports Of an excsp.
!lonally large crop OF wheat OF excellent
q1aitty and tend to raise the conservative
estimate Of 48s 900 bushels as the total
yield. t.5- ',.,'I" n. 2f.'
The trade outlook West appears to hinge
largely on the prospective demand fornsw
wheat; Iii is sufficient to bring It rapid.
" 10 the market tho farmers will eoon bs
tna position 10 meet payments due and
the liquidation OF accounta which would
then enaue would have a most favorable
'tiect. A rather better foreign demand ior
wheat, stronger cables at times, light stocks
and large decline in the supplies have
consp,ired to siffen prices during tho week.
Indian corn supplies are limited, and
the demand has increased, which has
greatly stiFened views OF holders. There
has been fair movement in wool at low
pflce1, but the general condition OF the
market hes not improved. Bnyers lack
confidence, and the market ia weak and
unsettled. ,g. ..., '-'S,7
Dry goods at first bands show some i'm
provement, but with jobbsrs continue
quiet. a large number OF buyers are here.
BosroN, July l9.-The Advertiser in Its
weekly review Of tie wool make! Eays:
There has been large business in wool,
aud no stores have been more busy than
those In the wool district the past two
weeks, receiving and opening woods. The
market is slightly recovering from the i'm
nenae receipts that were deiuged upon il
in the tghtest Of money markets, and
while no aales have been made at better
prices, some having ipstend been made at
lower prices, the feeling is more hopeful.
Considerable wool has been pressed for
sale, and much OF that has now been sold,
leaving the strongest holders in better con-
trol. The money market is easier, and if
It continues to erse of manufacturers will
feel more like buying. Indeed, at times Of
late it has been next to impossible 10 obtain
loans, hence cash buyers have had the sd-
vantage. Dealers were never more csu-
tious in selling, and this lea prominent ies-
ture Of the market. Among tho rumo,s in ?
circulation to-day was that purchase OF
200OCO pounds choice Michigan hes been
made at 29c. After an investigation we
find that such an ofsr has been made, but
the holders decline, asking trihe Tor lc)
more. which hes not been bid. Accord.
ilngy 80: is now an!extreme price for Mich.
igan. While msnpiActureIs are carving
light stocks Of wool, their necessities are
not pressing, as they Toald be II goods
were at all strong. Many mills are not
working full, and commission houses 8re
not advancing 80 rasdily upon goods. Still
come OF the shrewdest buye,s, represent.
Ing mills whose goods are generally market.
able have been in the market, aud tbs
general inquiry for wool has been larger
than q week ago. 1,.tI,'. i. L.