The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1885-06-29
srArE or. IL, TRADE. i.
Business coutiuuss Qules-Ths Wool and
...l Iron nnrl,ets. q.

Business Cohuuues uh'et-Ghe WOOL nud
Iron Markets.
NEW YoRx, June 2f.-From the leading
business eenters, reported to BradHreets,
word comes that trade continues quiet
and sinsula1Iy free from speculative move,
ments. Surplus funds at the banks at New
York, Boston and Chicago shows no signs
Of growing smaller, and the demand tot
money at the interior has not yet equaled
the expectations. The volume of general
merchandise moving is made up Of hand
to.month purchases. Since the labor
trouble at Pittsburgh has teen settled the
local trade situation has assumed better
aspect. At Philadelphia merchants are
Iinclinedto q moro confident and hopeful
view Of the nearby future, while at New
York the reverse Is true. There Is an
evident disposition on the part of q mum.
ber in the wheat trade to hammer the
market, and prices have been depressed
in consequence. Crop reports continue to
come in telling OF from 150, COO, 600 TO $780,
100000 bushels shortsge in wheat; yet,
with quite moderate exports, a visible
supply which refuses 70 decline materially,
and 8 potent bear crowd wheat prices are
held down. No. 2 red closed yesterday ct
sl02l. against 81 OF q week ago. Flour is
very dull, and when sold Is lower. Hog
products are moving OF quietly in large
quantities, but the market is without fea-
ture. Z
77 WOOL.
The tone Of the market Is without ma.
teriai change. Prices rule low, and there
is no prospect Of any advance while man
utactured goods continue cheap as they
are now. Sales in the country have never
made above the parity Of current rates,
owing TO speculative operations, but this
has no bearing on legitimate transactions.
Sales OF Ohio and Pennsylvania fleeces
have been at S0a3lc for \, 32a35c for NX,
and 3Sa34c for &X and above. Michigan
rules quiet at 26a2Sc for old and new.
Combing and deleipe fceces sold at 2Ss
33c. About 800, 600 pounds Texas sold at
11a21c, as.to quality. California spring
ranged from lSa29c. Some parties aIe
hopeful of an early Improvement in prices,
and it is conceded on all sides that there
is little probability Of any further decline.
IRON.
There Is no material change to reportin
theleading lines Of irop and steel manu-
featuring industries. In addition to the
gradual starting up Of the Pittsburgh and
other western iron mills, consequent on
the dissolution Of the labor troubles in
that branch Of the industry at tho west, q
number OF blast furnacesin Eastern Penn
sylyania will go into blast during the COM
ing week. Half a dozen OF them are mem
toned by name. This may certainly be
regarded as Indicative OF some gain in
trade conditions affecting Eastern Penn
syiyania production. The price OF pig
iron has not changed, and there is no re-
ported Improvement in the demand. At
the West the general situation is outlined
thus: "The rule in the market IS to delay
purchases until after stock-taking, July /.
Very many buyers have purposely run
their stocks down so close in anticipation
Of this event that they must do more or
less replenishing early in July, whatever
may be the tone ofthe market.