The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-01-23
pRApsrREEr,s REYIEw.
Iron still Dull-Ths Wool Market Quiet IN
Prices Only Steady.

BRAD9TREET'S REVIEW
Iron stn Dull-ThS Wool Market quiet and
Prices Only Steady.
NEW YoRE, Jan. 2l.--BrGdSsrEet'S says:
Notwithstanding the continuation Of the
coal strike in the schuylkill, and the pro-
longed Eve month"; strike still in force on
the Lshigh, and the consequent embar-
raasment Of the iron furnaces, the prices
OF pig iron do not move. There is just as
much If not greater difficulty in selling
than buying. Demand 10 not apparent
from either consumer or gpeCulatof.
Quotations remain the same, but are
tquite nominal. A Pittsburgh telegram Of
January Is, quoting q reduction Of 81 q
ton eince last January !, 10 not true; 90
Centsto 81 ton is nearer the truth. About
%, 900 tons Nos. 2 and 8 hard iroR has
been sold by the Thomas Company ct $l7,
at the works, to pipe ioundries who have
fair share OF work. Scotch pig 10 quiet,
and prices are unchanged. There have
been no arrivals OF steamers from Glasgow
this week with iron. OF old rails neither
buying nor selling is attempted; the trade
seema at standstill, Quotations are
nominal at So 00a22 90.
Copper has still further declined, both
here aud In London. Opinion Is divided
as to whether the drop lisa manipulated
depression by the syndicate or the natural
consequence OF the falling of in con-
gumptive demand. London financial Ru-
thorlties are advising the public to let
both the metal and the copper stocks Be-
VeEeiy alone. It Gomez out that the Tam
RracE Company has sold its product for
the next three years to the ring at 10
cents pound. The cost OF production is
about 81 cents. Interest now centres iI
the question whether the Calumet Il HeCla
will enter in similar arrangement. The
product OF the Boston & Montana Comps
ny is reported sold 10 the syndicAte for
one year. The copper stocks in Boston
are naturally stronger. Calumet q HeCls
has advanced to 2l5. TamArack sold at
l22 January 8, and has advanced to l40.
The official report Of the Iron and Steel
Association makes the production OF pig |
iron in the United States in 1887, 7,l72..
2O6 tons Of 1900 pounds each Cincluding
spiegelelssny), against 6,365,32S tons in |
1885. The stocks Of pig'iIon unoold jan
uary aggregated 1857 ,6l7 tons against 1884,
704.
In Philadelphia nails continued quiet ct
81 90a2 90. In st. Louis some large orders |
for railway castings have been placed |
with toundries, and extensive negotiations |
for rails are in progress. This has given
pig iron q tendency to frmness. In
Chicago charcoal brands OF pig iron are
still active, scarce and firm. Copper, lead,
etc., are dull but unchanged. Steel rail |
manufacturers are more cheerful and con-
fdent, though orders have not materially
increased.
THE WOOL MARKETS.
Wool continues quiet IN all the Eastern
markets and prices are only steady. Man
ufRcturers are buying cautiously for near.
by requirements. As the season advances
1t grows more and more probable that the
majority of heavyweight goods will be
sold at the same prices as last year, or at
lower prices; there are no signs OF an ad.
vance. Freight rates from California to
Csnta pound on occurred and ! cents on
greasy wool.
The Boston Market is active. Clothiers
are not buying heavyweight goods with
much freedom, and the manufacturer do
not increase their purchases OF material,
not knowing Just what will be wanted.
Holders, however, are firm, and the range
Of quotations ia unchanged. Some JOB
lots nave lately been cleaned out. There
Is fair inquiry fer Ohio aeeces, except
the finest. Michigan Y stock sslIe
moderately at 2S cents a pound. No fen
lures appear in Territory, Texas or Cali
lornia supplies. Current quotations for
leading descriptions are as follows, with
comparisons:
Jan "a. Jan 81, Jan 90
1885, 1857. 1883
Ohio and Pennsylvania X .32AS3c Sla..c 5OA31o /
Ohio and Pennsylvania
AX.............. ........,...3IA35c SER,c SlAS2c
Ohio and Pennsylvania
Xxx and above ..."........, 35as7c 36a37c 32A33c
Michigan Nr....................8lha9c 3A.c SA2gc
FIue Ohio ,aeaa4c S7aro StAS5c
No ComUing. .....r..........3TA8gc 89A40c S7A89c
Texas spring, u moHthS....2!A2Sc 2SR1Gc l7a22c
The sales Of the week in Boaton are re-
ported at 100000 pounds, as compared
ILL, EOt lD0 laak aud o ROl nm IL,