The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-05-26
y STATE OF.TRADE., Z,
axNxRAL CONDITION OF suslNtss
IhrouEhout tho Country-No ChanSs Or.r Last
HssAi Rsports-SlIsht Advance In Wheat. 4
it Iron Dull and Unehaissd-Sn,ali Sales #.
Z Of wool-fhs New CLIP pricts,

, New YonH, May o4.-special teleyrsms
to Bradaretts from leading cities through.
out the country point TO a continuance of
the more marked moderation in purchasing
noted one week ago. There has been no
improvement in /, the dlstributlye move.
ment whatever. At various interior points
the banks have experienced demand Tor
money sufficient 10 Cause a marked ad.
vance in rates for loans when coupled with
the relative striugency at eastern centere.
Dry goods have been slow In agents hands,
and with jobbers has been only moderately
lair. Prices have been firmly held. 'f1I,'
There has been no snap to the markets..
| Next August" is now mentioned as tho
date Of probable revival. M
BRRADsTuFFs AND PROVISIONS. 4.
Wheat has met with bearish influences
only. A decreased loss in the visible sup.
ply and an increase in tho quantity on
passage has placed the total wheat in sight
on land and sea In excess OF last week.
The crop weather both at home and In
Europe continues excellent and the prom.
ise for the next harvest has. not been ex-
celled at like day In. advance. In the
face OF this, however, the bulls succeeded
in talking up the light stocks OF good wheat
and the probability Of Europe's want.
ing share prior to 4 the next har- Z
vest and prices were advanced. The
gain in cash wheat amounts 4 10
lc & per bushel. on the week. Corn has
bean in lair, demand and quite light To-.
ceipt,, which have held It firm. Its loss
has been, for cash, lac.,,, Provisions, which
are nominally dull, have been pubjected TO
q equeeZe by western packers, and prices
have BEEN arti6cially advanced. y, %, !.
f There were 1888 failures and suspensions
In the United States reported to BrddslrStt's -
during the past week, as compared with
1877 in the preceding week, and with l55,
l24 and 07 respectively in the correspond.
ing weeks. Of 1883, 1882 and 1881. About
73 sper cent were those Of small trad.
ers whose capital was less than S. 600. 4
Canada had 20, a decrease Of 15. tI't
7 - IRON. ~ 81 (
There has been no change in the price Of
iron during the week. Pig is quite dull,
with standard grades Of No. l held at
$40 80, and the others at 81 per ton each,
in succession. 1t is authoritatively stated
that GO percent Of the anthracite furnaces
supporting eastern markets are out Of
blast, which will account Tor the scarcity
recently made known ofstandsrd No. l and
OF gray forge irons. An extended inquiry
Of mill owners and foundry men purchasing
in this market reveals the fact that large
majority Of them will not buy at all until
July. They hsve heretofore bought but
sparingly, and stocks With them are ad-
mitted to be equal to two months con-
sumption only. With the scarcitylnoted
for No. l and for gray forge irons for spot
delivery, and production on the down
grade, this situation is significant. In case
the demand two months hence shows any
vigor prices will have to appreciate. ~
Scotch pig is very dull. Arrivals this
week will amount to about 1000 tons, a
good share Of which has been stored, For
several weeks past this has been the record
as to imports. Prices are on better, and
are nominally. SCI so for Coltness. Mill
irons are dull and unchanged in price,
There has been some inquiry for tank,
plate and angle iron, but prices are no bet.
ter. Steel rails are dull at $34 at the
mill.' For the summer work the mills are !
fairly well provided, but new orders are
small, and the outlook for businese for the
fall months is not 30 good. 4
%g5. WOOL. ,=,s,5t...
BosroN, May 24.-The Adperliser in it's
weekly review ofihe wool market says:
This has been the dullcst week Of the /.
year. Indeed, seldom have the sales re-
ported been 30 small during full week AZ
not to- foot up 1000, 900 lbs. or course. VI
prices under tho circumstances are easy, s
and under more pressure TO sell buyers
havo a good advantage. Tho newsclips
have now more interest than the local mar
ket, and yet here wo are upon June and no +
new wool in any quanty is yet here, It
looks as though all would come upon the
market at about the same time, and this is
sure. 10 cause dealers to be still more cau-i
tious in operating. /. The contrast between 4:
this year and lest can be realized when We
state that, at this time last year. over ,0OO,.
600 lts Of California wool had been pur-
chased by one firm, who have not as vet
bought any this season. sf .sas .s..l5
J Growers are reported to be inclined to
hold on account Of the low prices. In Wiz.
ginia we hear Of buyers paying 23s2Gc,
which is as much as the wool is worth here. (.
In Kentucky. growers are still asking 25c.
Lettera from Ohio report that growers will
take SOC, but in Jefferson and Harrison
countips thew are still tplkinv ar, 40. :. I