The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-15
TREND OF TRADE.
II. @. Dan 4 Co.'s Weekly RsVisw-IrOn
and steel Markets.

Il. @. Dan 4 Co.'s Weekly RsVisW-IrOn
and steel Markets.
NEW YORK. May AR G. Dun &
Co.'S weekly review OF trade tomorrow
will say:
Spectators have enjoyed an advance
In wheat, corn. cotton and some other
products, though obliged 10 sell wool
and sugar at lower figures In order TO
realize. Stocks have advanced seven
cents per 500 and trust stocks lost 3s
cents without enough demand TO constl-
tute u market. Imports OF merchan-
disc is,3S2,Oig for tho week at New
York alone are % per cent larger than q
year ago, making the increase Al per
cent for the past six weeks, and have
affected the exchange markets and
helped further shipments OF gold which
amount for the week to S2.7G000O, but
ere practically balanced by receipts
from the Interior and cause no serious
apprehension OF financial disturbance.
Men feel that present conditions are
only temporary, although they tend to
prevent Immediate improvement IN
general trade and hinder immediate IN
Yestmenb.
The government crop report estimates
cotton acreage at six per cent less than
last year. and is considered encouraB-
ing because SO slight a decrease from
the floods may easily be made up.
Prices have advanced an eighth on
Liverpool speculation with nothing here
to warrant the rise. The winter wheat
report, which is supposed TO indicate n
yield Of 2s7. 900, 900 bushels, Is contrnsted
with state reports much better or much
worse, but It distrusted mainly because
all department estimates OF acreage for
years have been wildly erroneous
Western receipts continue larger than
last year, 2.iO9.i23 bushels. against L.
SIO,367 a year ago and Atlantic exports
also increasing. for two weeks OF Nay,
amounting TO S,00G. .s09 bushels, flour In
cluded, against 2.OS3.llI last year. EG-
ports OF corn ure still large. 5,bs6,S55
bushels for two weeks, against 3,OOi, lSl
last year. and in part account for the
smaller demand for wheat.
The Outpit OF pig Iron for the week
ending May !, was l70.52S tons, against
1929 April ] and the stocks unsold,
exclusive OF those held by the great
steel making companies, increased only
S. .s1s,0 900 tons. Several furnaces, espe-
cially those producing foundry iron'
have stopped production for this month,
but no important changes appear In
pig iTon, which Is quoted at 81 p for
grey forge ut Pittsburgh and 81 % for
Bessemer, and 3i2 for No. at New
York, though only $40 % IL asked for
southern. Reduced southern freight
rates here have not altered the market
materially and at Chicago also the local
prices have been reduced.
The demand for finished products Is
below the capacity OF works in opera
tion. which IS said 20 be at so cents for
beams against l55 demanded from con-
sumers in this country. has occaslonsd
trouble In the beam association and
there are reports that Il has dissolved.
Angles are quoted at 80 cents per 100
pounds, 4 shade lower, and steel plates
are quoted lower here than at Phllndel-
phla, Copper is active with large sales
OF lake at 1885 cents and tin plates are
quoted at 10 cents below prices fixed
BY the association, and 90 cents below
prices Of the same grades OF foreign
plates,
Nothing new can be said Of the cotton
manufacture, which still lacks demand
enough to lift print cloths above the
lowest point ever known. and prices OF
other grades Of cotton do not improve.
Woolen goods are doing better than for
weeks past, and yet there iB not enough
demand to create enthusiasm or TO
raise priceg. while there Is great uncer-
tainty regarding the future Of the mar
ket
Failures for the week were 264 in the
United States against c2i last year and
81 In Canada against Ss last year