The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-01-30
pRApsTREET,s REVIEW.
The Wool and Iron nduStTISS-A More II
VorabIo Outlook.

Il
NEW YoRE, Jan. 2S.-Bradarsst'S says
There was more activity in the wool mar
kets at the beginning Of the week thar
for somo time previous, but q relSpse fol-
flowed, and, 60 far as the amount Of bust
mess doing lsconcerned, no great improve.
ment Is apparent. Nor is any change to
be noted In quotations, though holders
are firm and values are fairly strong. The
mills ara taking contracts for goods Of
lower prices than year ago. This, With
the decline in the staple, leaves them ap-
parently about where they were. In the
country, especially in Ohio, the wool now
In second hands Is held too high for East
ern buyers. The foreign advlCes are firm,
and some weight is given to this fact: The
mex! series OF sales at London will begin
Tuesday.
The amount OF business being done in
Boston is larger than for q number Of
months. Prices are firm, but quotations
are unchanged. There was more done at
the beginning Of the week than OF the
close. A fair request for medium tieecea
Is apparent, and fine woods have received
more attention. Territory stock is weak.
The situation on the whole Is not changed.
Current quotations are as follows In com
parison with last year and the year before:
Jan. @, Jan. q, Jan. q,
Ohio and Pennsylvania K. $3.50 AS; siS..c Sasslo
o6lS% and PennsJlVAniA a,,s,c a.. slssao
0 TX and and n6STc .ssaso SsGac s2assc
Michigan 49,; - aIS2S
No comblng. ........;.... .sIGSeo SSaioo sIGSSo
Texas bpring, Y monthS-..2h2oc 2SR36c iaZ2c
The sales OF the week in Boston have
amounted TO 3,S00000 pounds, as com
pared with $4,000 pounds last week,
and 1884, 100 pounds in the corresponding
week in 1887.
In Philadelphia the demand has been
very moderate as q rule and the market Ia
weak to sell, but holders generally refuse
to make further concessions. The Gales
aggregate 6Sl, 900 pounds, against 739, 900
pounds last week and 100000 pounds for
the corresponding week last year. Com.
plant is made that the increasing use Of
shoddy and cotton by the wooden goods
mills Is checking the consumption Of wool.
IRON AND COPPER,
There Is no special change in pig iron
prices or demand at the East. There is
more irmness Weot. Rails are of col
cents ct $l3 so, with sales Of 10000 tons.
The bulletin OF the American Iron and
Steel Association, OF Philadelphia, JAN
usry %, says: "0ur production Of pig iron
In 1887 was 6,4l7.l4S gross tons, against
6, $3.50, S99 in 1856, and 4,044 526 tons in
1885. Our increased production in 1885
over 1885 was over 10 per cent; and il
1887 over 1886 1t was about 13 per cent
SUCH extraordinary and amazing progress
could not. Of course, be maintained, and
the year 1888 will witness decline in our
production to point somewhere near the
figures OF 1885,"
There has been rather more activity in
lake ingot copper this week, but, with this
exception, the situation is unchanged
One or two susll producers have closed
bargains with the French syndicate for
their production for the next two or three
years. The copper stocks are strong in
Boston, with one or two exceptions. Tam
srsck hiss ranged from l45 to 155.
In Philadelphia nails are unchanged,
but there has been better business for
spring delivery.
In st. Louis pig iron is frmer and more
active. Merchant iron is In fair sale for
the season, with values steady.