Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-09-25
DUNNS REVIEW OF TRADE.


NEW YORK, September AR. G. Dun
& Co.'s weekly review Of trade will say
in it's issue tomorrow:
Gold imports have begun direct from
England and from France. besides the ar
rival of 100000 at San Francisco from
Australia for wheat exported. The gold
received there and started for Europe
amounts to s6.5OOOOO in two days, and the
advance of its rates by the Bank of Eng
land to 1aper cent. seems likely to check
the movement in view of heavy merchan-
disc balances due to this country and a
rise in the rate of interest here. The Au-
gust excess of merchandise and specie ex-
ports over imports was not far from s42.-
000,00O and the September excess will evil
IDENTIFY be larger, unless shipments of gold
are considerable. Merchandise exports
from New York in three weeks of Sep
TENDER have been 1873 per cent. over last
years. and imports 1871 per cent. less and
like changes of the whole trade for the
month would result in net exports of $751;
100000 merchandise, besides silver.
Produce markets have been uncertain.
closing a fraction higher for both wheat
and corn. while the decline in cotton con-
tinues. With SIC. paid for spot at the end
of August, cotton has dropped 11ac., or is
per cent, in less than four weeks. in spite
of a remarkable revival of manufactures
Fever in some southern cities has not
been largely influential and the main fac
tor has been a general impression that es-.
Inmates are as misleading as they were
when the yield was the greatest on rec
ord. The corn estimate most credited by
the trade is only 1.750. 0o0. 600 bushels, but
is coupled with figures tending to show
surplus from the last crop of 400,000,000
bushels over ordinary consumption. Were
this quite believed, the price would not be
rising. although exports continue heavy,
in three weeks 9,927,S49 bushels. against g.
15A1S7 last year. Wheat has gained a
fraction for the week. while Atlantic ex-
ports. flour included, for three weeks,
have been Il, 49S,1d bushels. against $751;
743 last year. Western receipts are eX-
ceeding last years. and foreign estimates
now agree in making the probable re-
quirement from this country over 10000
600 bushels greater than last year.
The official ending of the western coal
strike adds many thousand men to the
working force in the mines and others in
manufactures using bituminous. The an
thracite coal strike has substantially end
ed and no extensive labor strike is antic-
ipated The outcome of coke is now 49,
coo tons and the price is also advanced
Some branches of the iron and steel in
dustry are clearly no longer able to keep
up with their new orders. Others are very
fully employed for some months ahead,
and with all the demand is increasing.
Heavy buying has. raised Bessemer pig
at Pttsburg to $3.50, and grey forge to
$3.50. with actual sales or 10000 tons Of
southern pig iron in the Mahoning Valley
for Sc 70 a Birmingham. Billets are quot
ed at $16.25 and $23 has been refused for
wire rods. The structural work is behind
orders, tin plate mills are hndered by
failure to get sheet bars delivered fast
enough; plate and sheet mills find heavy
demand elsewhere, and bars are in great
demand for cars at the west, with vastly
improved demand and a shade better
prices at the east. The average advance
of iron and steel products from the low
est point is SO per cent.
Wool sales at Boston have decreased a
quarter, but manufacturers are still I'M
able to find profits in goods with wool at
present prices. Reported sales of woolar
more than double those of the most pros
porous years, but the rise in prices renders
the future more doubtful except for man
ufacturers having heavys supplies laid in.
The cotton mills are doing a large bust
ness, although recent buying of goods has
naturally decreased after the recent rush.
Failures for the week have been 209 in
the United States, against 915 last year;
and IS in Canada against SO last year.