The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-07-14

| lau M opportunity 10 ueClln6 III lhVOr
Mcdonald, as the lstter did in his favor Il
1880, but nothing OF that exists in Hsz
drick's bosom aud both went by tho bosre
| ~ ..ralIUwe @lM@ he 1cs.H.
Trade MATTERS. -tA.4sg
Dullncas Prevailing In Commercial Gil
~ cIes-she Wool Market. ll.l r
NEw YoRx,, July 1l.-Bradslreets Journa
furnisha the following summary OF th
weeks buainesa: The extra holiday Of las
week and the general interest taken in tn
political convention at Chicago this weel
have intensified the dullness prevailing ii
commercial circles. Special teleRrams Il
Brodsheefs from leading trade csnter
throughout the country do not reveal an,
improvement in general buainefs whatever
The customary midsummer stsgnation il
in lul iorcs, and no revival appears pos
sible, at the earliest, until after harvesting
is completed. e"
The financial situation is practically IN
charged, in that commercial discounts ar,
restricted both at the large money center
as well rs throughout the interior. Dis
count rates are higher, and domestic ex
change at the South and West continue Il
sell at premium of from 75c to ST ne,
$1,000 and upwafd. In the East exchange
il at par to asmall discount.
THE DISTRIBUTION OF MERcuANDIsH .
continues at low ebb, the movement o
exports from New York alone showing an,
gain oIlate. ,2gg 80
The reduction Of fiily centB per ton il
the price ei pig iron wes for No. 9 Y to l0l
for competitives purposes only. A small
scale Of No. Y at 20d is not regarded a.
marking reduction in that grade, as figure
are still held at $50 to $50 so.
There is trias better feeling in the raw
iron market, but it is no. based on new
business OF any moment. ~ rfp- 5r2's- e. Is
Whether to restrict work q! the anthra,
oito rninaa or not ia exciting good deal O
comment. The trade has not Improved
and Reading admits an earnest desire Il
mine and sell coal to raise funds. Penn.
sylvanis, always the least concerned mem.
Der OF the combination, prefers to minis
uninterruptedlv also. The bituminoni
river trade in Pennsylvania and the Hock.
ing Valley trade 10 Ohio are disturbed by
strikers, The industrial situation il mari.
I'd by widespread efforts at organization "a
resist reduction Of wages and uon.unior
competition. SsEi 6 \
Dry goods at 6rst hands have improved
some, but with jobbers there is no gain
Prices have been fairly sustained. There
has been very little demand for wool In
excess Of the inme diate requirements oI
the mills, and further concessions have
been made in Home cases to effect salee
There were 1876 failures reported tc
Bradstreets during the past week as com.
pared with l46 in the preceding week, and
with l40. l2l and 90 reanectively in the cor.
responding weeks Of 1883, 1882 and 1881
About So percent were those of smal]
traders whose capital was leea than SIS 900
Canada had l6, decrease Of 4. .lS );
"a WOOL. X a., r
BosroN, July l2.-The f4Adeertiser in i'd
weekly review Of the wool market SAYS E
F; Although the asles aggregate more than
week ago, and cover broken week, little
business having been done excepting eince
Monday, the tone Of the market is weak.
The demand ,hsa been principally for un.
washed woods, and washed aseces aud de-.
laines have been dull, although GALES have
still been larger than . week ego. I It is no.
tioeable that come Pales of : Ohio delaine
haveibeen made at Sac, which is very, low.
Unwashed Ohio bas also been sold at Goa.
And yet come growers in Ohio are holding
for Sls98.. To-day, however, we saw an
offer Of wool in Ohio at 2sc, which ia about
all 1t .is worth at to-day's market. The
money market ie, il anything, tighter than
a week ago, 80 tba. not only do commission
merchants experience difficulty in making
advances, but manufacturers psnnot
obtain money upon their h; notes
wherewith to buy wool. 1t Is a market for
the cash buyer to operate in to adyautape,
4tcertainly q Aords no encouragement what.
ever Tor buyers 10 operate In the country,
since wool can be bought cheaper here,
deducting freight, commission, etc. Michi,
can wool will not bring over 800, snd vet
considerable wss bought ut $50 there It
is true wool Is cheap, taking other years
into account; but any. article ia dear at
whatever price it is held, II it is not wanted,
and wool 10 dear even at 81 lbs choice
tisecc for 7c, it those who make wosien
goods no not want It. Goods must i'm.
prove for wool to be more active. h, A
wooden mill cannot afford to speculate in
WOO, aad II cannot buy juat becauas wool
Is cheap. sisaG s,ess5l}zzss ~ z,,,.g,i{