The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-03-05
IRON AND WOOL MARKETS.
BradStrsSts WesKly Report on the COndl
tIon OF tho Trade.


says: There Ii less activity in the wool
markets. than during January and the
greater part OF February, but prices arc
steady. More, relatively, seems to be done
here and in PhilsdelphiR than in Boston.
Selections are considerably broken, and
certain lines OF wool which are in compsr.
atIvely short supply are frmer. The list
in general is unchanged. Manufacturers
are buying to some extent, but In view Of
the not overencouragiDg outlook for their
goods continue 10 exercise precautlon.
Western Consigners sppear 10 be more
confident, aa Q rule, than the Eastern
holders. Tho London sales closed firm,
with spirited bidding. More than half
tho sales were for Continental consump.
ton; the purchases for the United States
were small.
Many OF the New England mills are
now well supplied with atock, and the
amount Of businesa uader way in Boston
is smaller. There is no change in values.
The dealers are beginning to turn their
thoughts toward the country and
the new clip. There is fair request for
medium feeCes. Spring Texas wool OF
twelve months' growth Is in demand and
in light supply. The request for choice
Michigan and Indiana combing wool is
sustained. Little is being done III foreign
stock. Current quotations are as follows,
with comparisons:
Ohio and Pennsylvania X..S2aSSc SlaSSc SOaSlc
Ohio, and Pennsylvania ~ o,.o, ,,.oo.
XX.............. ....:..;.:."SIRo6c SSasic slGs2c
WV wy S an9 ohSHa 4'NiiN sssaso alasGc RoaS2c
Fine Ohio delAine S6a37c S6R...o 3ia86c
No combing "SlGS9c SSat0c SSaS9e
Texas spring, Y months,....IIa2oc 2"a26c lfAzzo
The sales OF the week in BoOton have
amounted to 2,3l9, 900 pounds, as against
ISIS 600 pounds last week and 9, 2,100. 600
pounds in the corresponding week year
ago. Since January ! about 25 00O. 600
pounds have been sold, as compared with
little over 22.00O,0 900 pounds in the same
time last year.
In Philadelphia wool Is selling fairly,
though there is nothing like activity in the
market, manufacturers buying only for
near requirements. The weeks business
aggregated 92l 900 pounds, against 942. 900
pounds last week and 6SS, 900 pounds for
the corresponding week last year. Prices
rule steady. Combing wooiB, both washed
and unWaHhed, are scarCe and in good re.
guest.
IRON.
Throughout the East the Hitustion in
the iron markets Is somewhat irregula lar.
The long coal strike, backwardness in rail
orders, downward tendency in mill and
furnace wages, and doubt as to whether
bottom prices has been reached have led
to cautious purchases. On the other
nand, there Is no sound reason for expect
ing materiRl falling OF in the demand
outside OF railroad construction. The
prospective deficit Is that direction
promises to be all east In part, compen.
Bated for by greater demand in other di.
ections-merchAnt iron and steel and
plate. Despite unfavorable predictions,
there are heavy requirements for mill and
furnace products 10 be filled. Manutac.
turers are not making stock ahead and
hence the possibility arises Of stronger
prices when the future be opened sufi.
ciently to enable buyers to see clearly.
The iron trade 10 more active West and
South than East, where railroad, machine
shop, foundry and general shop require.
menus are DeluR pIebeuteu' XIX lIou VI
ders SouthRre inureaaing under heavier
local and Northern consumption. There
ls confidence at the West that the con-
sumption Of iron and steel will be heavy,
and q belief that prices are ct the bottom.
Less ore will be mined this year. Char
coal pig has weakened for cash offers.
Less Southern iron will come North un-
der preaent influences. The probabilities
are that consumers West will take advant-
age Of easy prices and order freely.
In Philadelphia nails are selling fairly
ct steady prices, though parties outside
Of the association lack confidence in the
talk OF permanent restriction or pro-
duction.
In St Louis both pig and merchant irons
are In fair sale on moderate sized ordeTB,
and show increases, with q strengthening
tone.