Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-07-13
DUN & CO.'S REVIEW OF TRADE.

New York. July 12.-R. G. Dun &
Company's weekly review of trade,
which issues tomorrow, will say:
A business food so strong and rapid
that the conservative fear that it may
do harm is out of season in July. But
the seasons this year lap over and
crowd each other May frosts and
frights, it is now evident, kept back
much business that would naturally
been finished before midsummer and
the delayed accumulation Of one season
gets in the way of efforts to begin an
other on time. But the volume of bus
mess, however it may be measured, IS
remarkably large for the month, even
in a good year. The exaggerated fears
about crops have passed, the syndicate
is believed both able and determined
to protect the treasury and the time
draws near when the marketing of new
crops will turn into a national balance
if speculation does not hinder.
Theweell has been notable for a SEM
sational fall in wheat of eight cents in
two days, followed by a recovery Of
five cents, though neither accords any
Interpretation of the quite disregarded
government crop report. The sudden
drop in prices was the result of specula-
tive rather than commercial influences,
though exports not half as large as last
year, 2.907,645 bushels flour included),
from Atlantic ports for two weeks OF
July against 4,227915 last year and had
their effect. as well as the western re-
CENTS of . 136q1S last wear.
The latest news indicates an enor-
nous crop Of corn, much largest grown
if weather favors, but the price is only
3-Sc lower than week ago.
The weekly output Of iron was 17l,l94
tons. having 1870 tons in June and
other furnaces have gone into operation
since July 4th. The rapid rise In
prices has brought into operation many
additional works and there is a rush TO
buy before prices advance further. In
fluencial manufacturers are sending out
warnings that the rise may easily do
mischief and prices in fact have
advanced nearly six per cent.
in two weeks, but are ten
per cent. lower than in October 1892.
The demand for structural forms is
enormous. including 5000 tons for No.
? Broadway and as much more here,
and as much in Chicago in smaller or
ders. Bessemer pig has advanced to
S14.40 in Pittsburg and wire nails to
S1.55. both higher than in October, 1892;
Grey Forge to s11.25. structural beams
to Is. and angles to 1.35. Copper is
sitter at 5000 and lead at $3.50, but
tin is slightly lower at lac.
Wool is still advancing with enorm-
Gus sales, 12,714,000 for the week, and
in two weeks Of July 26,497 GA pounds
were sold, against 1886, $50 in the
same weeks of 1892. AS the sales are
about four times the weekly consump-
ton. it is obvious that the market is
essentially speculative but the rise
abroad has set the country ablaze so
that Western holders are asking even
higher prices than heretofore. But
buying by most manufacturers is al
ready affected and at the prices now
asked for wool some manufacturers are
doubling whether a corresponding value
for goods can be realized.
Labor controversies in wooden mills
have generally resulted against the
workers. although some advances in
wages have been obtained, but strike
of carpet weavers at Philadelphia al
ready affects several thousand and
threatens to include many more, an adj
vance of 715c. being demanded, while
the market for goods is so dull and
weak that manufacturers unitedly re-
fuse.
Cotton goods continue active and
strong. with comparatively little diff
Guilty as to labor The Northern mills
have taken a little over 100000 bales is
the past three months, since cotton waa
below 7c.. but with cotton bought cheap
for five months ahead, they are able to
do good business.
Failures for this week have been 295
in the United States against 241 last
wear. and 50 in Canada against 49 last