The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-21

NEW YORK, Aug. COR, G, Dun 6
Company, in their weekly review OF
trade tomorrow, will say:
Not for several years have the tele-
graphic reports from various cities in
all parts of the country been as encour-
aging or shown as uniform Improve
ment as this week, The markets are
called crazy by some, but fairly repre-
sent the people whose confidence In the
future is strong and Increasing. Moth
Ing appears to check It. Rumors OF In
jury to crops are not sufficiently sup
ported to have much influence. The one
temporary hlndrance is the strike OF
bitumlnous coal miners, which inter-
feres as yet little with industries, and
seems likely to terminate within a week.
The demand for money improves. TAX
Ing from New York to the interior
about half million more than was re-
celved during the week. and offerings OF
commercial loans are much larger, In
cludlng some considerable iron and steel
paper, and the course of foreign ex-
change Is generally interpreted as an
indication that specie imports cannot be
long delayed.
The Greatest Gain.
The greatest gain has been for agri-
culture Corn has advanced little in
price. but is moving very largely, so
that the last years surplus may soon
be marked, unless the new crop turns
out better than many now expect. Cot
ton declined an eighth because Of an es-
Innate promising the largest crop ever
grown. but the goods market is decided
ly improving, and some of the large
mills, after q few weeks of suspension,
have resumed work. Other farm pro-
ducts are doing well also, but wheat
has advanced about eleven and three
eight cents for the week on actual trans
actions. with heavy purchases for ex-
port. The official estimate OF yield Is
entirely disregarded except as an i'd
mission that the crop will be larger
than that OF last year and II is COM
monty assumed that the yield will be
OoOtUUu.VVV DubItlb
cent reports Of injury Indicating the
possibility Of a somewhat smaller out
come have helped the advance In prices.
Western receipts for the week were
year, and for three weeks li,3i0,267
3.sIi.554 bushels against 397i.775 last
year, and for three weeks ll,340,267
bushels against f6,697,fS7 last year,
while Atlantic exports are about dou-
BILE last years 3.705,2s7 bushels, against
l,sOS, ,347 last year. and for three weeks
9.sl9.3l against 5,l02,66l last year, flour
included for both years 1t Is well to
notice that corn exports continue more
than double last years also In three
weeks S.5l6,54 bushels, against 4,1l9,2n
last year.
Industrial Lines.
The iron and steel industry in spite OF
the still unsettled strike Of bituminous
coal miners. and the enormous pur-
chases OF ore at Cleveland and also OF
billets at Pittsburgh. show the utmost
confidence In the future, Many addition
al establishments have begun work
during the past week and while no ma
terial change in prices has occurred, the
reports indicate fewer concessions 10 se-
cure business and a much steadier tone.
The demand for finished products had
decidedly improved. especially In plates,
sheets and bars. and In railway sup
piles, particularly In car axles. The
sales OF ore at Cleveland have amount
ed in two weeks TO four or five hundred
thousand tons and of blllets sales re-
ported at Pittsburgh have been In three
weeks about three hundred thousand
tons. Tin Is firmer with full consump-
tion, and there is larger business In
copper, several million pounds having
been taken for export, raising the price
OF lake to eleven and one-fourth cents.
The old difficulty remains In the boot
and shoe industry, dealers being unwill-
ing to buy largely at the prices which
manufacturers now ask, though dur
ing the past week the only change has
been slight advance on calf boots
The market for hides at Chicago Ia
again much stronger, prices having ad-
vanced with very narrow transactions
and buyers are holding OFT In the belief
that prices have reached the top.
In the wooden business constant In
crease appears In the number OF estab-
llshmCnts at work and the demand for
goods hos much increased.
Failures for the week have been two
hundred aud twcnty-three In the United
States. against two hundred and eighty
last year, and thirty In Canada, against
twenty-seven last year