The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-05-05
STATE OF TRADE.
GENERAL CONDITION OF Hus,Ns.s.

" SStNSt WV VI 0SStNkSS
Il No Important Changes Orsr ths Rsports o'psevou,
M'els-Hhsat In the Hands Of a Bali Clique.
" Ths ssasa' OF the lion Aarls,-wooi Qslst
II aad No Prs"urs to Ssll-cots Trade.
s New YoRE, May Especial telegrams 10
J, Bfad'lreefs from leading trading centers
Q report about the same condition OF general
trade recorded from week to week for two
4 month"; past. The movement Of mcrchan.
1 disc Is no larger, and there appears to be
no reason for expecting any improvement
in this direction in tho near future. At a
few western centers and in some portions
oil the South there Is some animation iu
the movement OF merchandise, but only
by comparison with tho almos. sluggish
action elsewhere Tho dry goods trade
here is fairly characteristic OF TINT else.
where. From jobbers there has been a
slight gain, but the movement from first
hands is as dull ns ever. Speculation in
cotton futures has been active, and prices
have declined l3 points on nearby and IL
points in the later months. M!ddling ur-
lands close at 1lSc, a lofs Of TO on the week.
| Nm BREADsrUrrs AND PROVISIONS.
Wheat is in tho hands OF a bull clique,
who have been bolsterirg prices apparently
on the heavy decline in the visible supply.
apparently forgetful oithe large increase OF
the quantity reported on passage to the
United Kingdom. There are no featuuB
warranting sustaining the advance. Ex:
porters have retired, and arc inclined to
think the June wheat cornerers will have
to keep the wheat unlees they cease the
pressure. Nobody clss appears to want it
at their figures. Corn hes followed wheat.
Ocean ireights ere, Of coulss, very
dull. Provision dealers here succeeded in
securing quito an advance in pork. The
net gain in prices OF wheat at New York
for tho week is, f,r spot, &c.; June lost 24r.
Indian corn gained l4v; July lost ltc.
Spot lard gained 81 so.
There were 15l failures in the United
States reported to Bradsreel's during the
past week, al compared with 16 in tho
preceding week, and with 1872, 90 and lO4
respectively in the corresponding weeks OF
1883, 1882 and 1881. About 50 percent
were those Of small traders whose capital
was less than $1,000. Canada had 81, M
increase Of 4. 5# VI
The market for American pig iron OF first
grade is steady and unchanged in price.
There has been slight weakening in quo
tations for some outside brands from fur
naces which do not ordinarily send their
product 10 this market, and which, under.
more favorable circumstances, would be
taken up at home and never be heard OF
here But good No. ! iron OF standard
makes is not only firm at $50 so, but there
is very little to be obtained. On the SUBJ
ject Of pig iron socks we find holders 10th
to express themselves freely, as they APP
on the small quantities OF iron available
for spot delivery. 1t is evident from what
has been admitted, however, that stocks
Of No. l pig iron arc very low indeed. Fouu.
dry iron is not in much better supply, and
No. iron in only moderate quantities.
Saould there be even moderate increase IN
the demand for No. pis-beyond the
hand.to.mouth..method purchasing. of late
and at present pursued-the ensct on the
market would be to instantaneously ad-
vance quotations.. An order lor but ten tons
Of No. iron few days ago could not be.
placed for spot delivery. Makers Of best
brands and dealers in the came are still
confident of higher prices four months
ahead. Bar iron continues very dull, owing
to competition among makers and Ca
pacity in excess OF the volume OF present
requirements. Prices naturally range low.
Steel rails are likewise quite dull, and S33
at the mill is quoted. Sales reported arc
very light. Scotch pig iron receipts, 1900
tons (the week., Of. which portion WAS
stored, Prices unchanged. Sales nominal.
WOOL.
BosroN, May 3.-Tho Ildrztiser in lis
weekly review of the wool market says:
The condition Of the market as to the VOL
ume Of business is clearly indicated in the
sales-it is quiet, and any pressure to sell
by holders must be accompanied by con-
Cessions.i 1t is not altogether n mater OF
price. 1t is necessary to find manufactu-
rer who wants to buy. The event OF the
week has been the opening OF the second
series OF Of the quarterly sales Of colonial
wool III London on the Goth instant. The
amount Of wool offered is $4,000 bales,
and the attendance was fair. Prices OF
choice woods, according to private advices,
were sustained, being about on par with
the previous sale, but inferior grades de.
clined I'd per pound, or about ST percent.
Port Philip, uuwashed, shrinking SO per.
cent, is cablod at 13!al4d, which is equiv.
alent here to 39a40c, and shrinking 81 per-
cent ia at l2!d,, which would be sac here.
The market there is also cabled firm, with
an upward tendency. On the opening day
S.G57 bales were sold, and ll,32S the next.
The market here is about as it has been
for six months. tis more generally be.
lieyed that suspension Of production by
tho mills is necessary to restore the goods
market; hence the outlook is for q reduced
consumption Of wool. The opening prces
Of the country are again, therefore, like
ly to be the highest and the best for the
growers to accept. There is not likely to
be any great speculation in the country by
manufacturers or dealers here, but some
Of the western operators may bo rash