The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-26
THE TREND OF TRADE.


uirt Mr. Bryhhs tlhlins-1he General
Outlook,
NEW YORK. Sept. 95.--R. G. Dun &
Co.'S weekly review OF trade will say
tomorrow:
very moderate and yet distinct In
provemcnt Is seen. no longer only In the
buying OF materials. which continues
and stiffens prices, but also In orders
for products OF some Industries In mo-
ney markets and In exports OF staples.
II Is az yet little more than n step to-
ward better things, but has already
started some important works and
prompted few considerable contracts.
Continuing arrivals of gold have rais-
ed the treasury reserve above $l2j, ,00O.-
O0O strengthened the banks and relax
I'D the StrtnsenCy In commercial loans,
50 that III about per cent lower rates
more business was done than in three
previous weeks IIolrdinE is 10 longer
reported. but some boards are being
unlocked. The movement OF crops con-
tInues large. and purchases FOR eX-
port have advanced prices or prevented
depression. While the gain IN work
ing force Is not great, II seems clear
that for the first time In many months
there is some net gain.
An important change Is the general
advance in produce markets, especially
In wheat, which rose sharply on
Thursday and Friday, closing Sic
higher for the week. with much buying,
apparently on foreign account. Reports
of crops abroad were supposed 10 be
tn, chief cause as visible supplies in
this country increased largely, but for
the first time since July |, western re-
Ceipts fell below those OF the same week
last year They are still large and for
the first quarter OF the crop year thus
far have been 52.12l,ljS bushels.
against 40,ili,3j1 last year, gain OF
about 30 per cent, and It IS conceivable.
but cannot be considered quite prob
able. that such receipts have come from
Il crop smaller than last years, al
though prices averaged l0Hc lower In
July and cas- lower In August than
last year and only fall below last years
In September because OF the sharp de-
cline then and as much advance now.
Atlanthc exports. flour included, were
i0r the week q little more than year
ago. for September 100000 bushels
more and 2l,S01.553 bushels since July
/. against li,l@S.SOS last year. II there
should come an unusual foreign de-
mand, Il would make a great difference
Win iuture business.
Cotton advanced an eighth week
ago, but lost three -siXteenths and with
full receipts might have gone farther,
but for the resumption OF work By sew
eral important mills.
Speculative buying OF wool does not
aba;e. sales for four weeks having
been 2t.S4i,i 400 pounds against 2S.75SS10
last year and 3l,O2l 600 In 1892. but no
gain In prices results. The sales are
largely for cash. and by holders Eho
have maturing notes to meet. though
some have been for export in spite OF 4
decline OF per cent In the London
opening. 4 few OF the woolcn mills
are rcsuminE, the belatcd demand for
heavy goods constituting most OF the
gain visible. but manufacturers show
confidence that more goods Will be
wanted when the future Is more clear.
Finished products Of iron meet mora
inquiry. and the placing OF contracts
for $4,000 tons OF steel for three new
battlcships, FOR one large building here
and for several bridges. explain the
starting of two or three works. but
with such months as have passed. n
little business Is a gain. A sharp fall OF
s. per ton In low PHOSPHORUS pig and
4 slight rise In grey forge at Pitts
burEh and In steel plates, are the only
changes noted in prices. but billcts are
slIll sold by outsiders at $40 80, bar
steel Mt 81 O5 and furnace coke below
s.. with an output of only 50.l77 tons
weekly Mt Conncllsvlllc. though all the
combinations maintain their prices.
Exports OF 10000 tons rails this year
at prices far below those current here
and $4,000 tons pig to England at IS 80
at Manchester. freight being at least
t,,tIl 20 ,,l. al
abroad 10 avoid weakening markets
here. The plates are slightly lowered
by home competition to So 50 against
81 20 for foreign. and tin Is n shade
weaker at II cents; copper at $40 IS
and lead at s. 50.
Failures FOR the week have been ala
In the United States. against PIC last
year and thlrty-ninc In Canada, against
nifty last year,