The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-09

NEW YORK, Dot. s.-R, G. Dun e.
Co.'S weekly review of trade Will say
in Its issue tomorrow:
While failures We're the smallest ever
known in any quarter since 1892. and
business payments through banks the
largest by S26S,OOO,OOO ever known in
September, the SPECTATORS who profess
anxiety about Cuba, or fever at the
south, or a municipal election, still have
some influence. Helping them Just now
Is the fact that after extraordinary pur-
chases for replenlshment Of stocks
from any section or town there must
necessarily be for a time less buying
from that quarter. Yet business is
still increasing, the productive force
teadily enlarges, the distribution Of
wage affords an increasing fund for
purchases, and the foundations are
laid for n larger business hereafter. The
weeks exchanges are S,S per cent larger
than in 1892.
Crop reporters, who have widely dlf-
fered, now agree in putting the yield OF
wheat at about ESQ, 100000 or $50, 900, 900
bushels, which Is nearly 2OO,0OO,OOO
more than will be required for home
use. keeping stocks as they were July l,
the lowest for seven years. A foreign
report indicate larger demand, and
exports since July have been nearly as
in the best past year, with 2,9S5,7S4
bushsels from Atlantic ports, flour in
cluded, for the last week, against 2,140,6l
bushels last year; the recovery Of 111c in
price for the week is not without reason.
Western receipts continue to exceed last
years S,O0f, ,221 bushels against 7,24S,969
bushels for the week. With these ia
vorable report of Yield, corn exports fall
short slightly, with small difference in
price. Cotton is unchanged in price,
with larger consuming demand, though
big crop estimates do not appear TO be
disputed.
A large increase in the production Of
pig iron, and heavy realizing sales OF
lots held on speculation have caused q
decline of l5c to $40 60 for Bessemer at
Pittsburgh, though grey forge there has
advanced 25c, and pig iron Is stronger ut
Chicago and eastern markets, But fin
ished products grow stronger, with a
demand outrunnlng the capacity Of
works in operation in many branches,
so that delays in delivery are in sheets
and tin plate bars embarrassing. and
in soma other branches orders cannot be
filed within one or two months. Build
ing OF more vessels on the lakes and
sea coust. heavy orders for sheets, bars,
rods and pipes have caused advances
averaging half Of one per cent for the
week on all classes. but the general
gain is not yet quite ten per cent from
the lowest point. Reports Of combina-
ton In steel rails are denied, and 1t is
said that only three large producers will
agree on prices, while the rod and wire
compact appears to be still In the
future.
Wool has now reached an average OF
20.3Tc per pound, for 100 quotations OF
domestic by Coates Bros, Of Philadel-
phIa, showing rise OF s cents since
year ago. with n much heavier rise on
some qualities, but following an average
decline OF lie from March, 1893. Specu-
latIve sales still account for most OF the
aggregate, which has been at the chief
markets l4,3440O0 pounds for the week,
OF which 1885, $50 pounds were domestic,
but manufacturers are purchasing some
wool for mixture with the cheaper wool
held for some months past. The rise has
so greatly exceeded the advance in
prices OF woolen goods that the mills
might have to pause but for the large
stocks purchased in advance. Goods
are strong, but with a further advance
in some grades. but In the aggregate
thus far not 20 per cent from the lowest
point, against 60 per cent advance In
the average price of wool.
Dealing in cotton goods are delayed
by weakness in cotton, but neither print
cloths nbr other goods have declined
since last week. and though the mills
are not quite fully employed. n contln-
ued increasein consumption is with rea-
son expected.
Failures for the week were 2i2 In the
United States, against 2s6 last year,
and 20 in Canada, against i6 last year.