The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-14

NEW YORK, Aug, 1s,-R. q, Dun a
Company's weekly review of trade TO-
morrow win say;
Every city reporting this week notes
increase IN trade. and nearly all bright
crop prospects. The great change in
business is emphasized by the pres
ence of a multitude of buyers from nll
parts of tho country, by their state
ments OF the situation at their homes.
and more forclbly yet by the heavy pur-
chnses they are making. But the GUS
tomary signs of prosperity are not lack
ing. The strong rise in stocks, tho
growth of bank clearlngs and railroad
earnlngs,the heavy speculation in many
products, but most OF all In wheat, have
made the week one OF SURPRISING inter-
est, even 90 those who best remember
the upward rush in 1879,
At the principal clearing houses
throughout the country payments In
July were for tho first time slightly lnr-
ger than In 1892, and lilo per cent lar
ger than last year; In the first week OF
August ~ per cent larger than In 1892,
and 2s.4 per cent larger than last year.
and In this second week OF August they
are 17.9 per cent larger than in 1893 and
ISL per cent larger than last year.
The Great Crops.
The great crops and the haste of for
elgners to buy and ship wheat IN view
of shortage elsewhere, have made the
week memorable. Taking of profits by
| a pool lowered the price three cents on
Saturday, but II has since risen nve
cents.
Western receipts slow in July, have
IN two weeks been 7.SN,713 bushels,
against 6,722, 1862 last year, and Atlantic
exports, flour included, have been In
the same two weeks 6.114.0u bushels,
against 3,3si,3l3 last year. Even the de-
mand for corn, by greatly exceeding
last year, shows that foreign anxieties
are serious, for 5,51O135 bushela have
been exported In two weeks from Allan
tic ports against 2,51I,42S last year. The
price has advanced 112 cents, notwith-
standing enormous stocks being
brought over. The urgency OF French
buying Of wheat, reports that Russia
will stop exports in order TO keep sup-
plies for itself and continued shipments
from the Pacific to countries usually
having n surplus make even the largest
estimates OF probable supply not TOO
great for the present demand.
Indus,rial Lines.
In all the great industries large de-
mand for products appears with strong
speculation In materials and intermedi-
ate products. In the iron and steel
branch, starting OF many works after
settlement OF wages keeps prices low
and even depresses some. but the fact
that the demand is growing, leads to
heavy purchases OF Iron ore, 200 200 tons
at Cleveland in a week, and OF billets
"a. 900 tons, while concessions recently
reported in pig iron have ceased. The
OUTPUT OF furnaces August 1.was 165,SIS.
nEaiust 164, ,O64 tons July /, and decrease
In known stocks unsold indicates con-
sumption for two months past nverag-
ing $4,000 tons weekly, which is moro
than in the same months OF 1692, though
below the greatly increased capacity OF
works now. Sales OF tin are moderate
OF copper to American consumers lar
ger, ii is said at eleven cents for lake
and OF lead at 50 72h, with speculative
realizing, but heavy sales OF tin plates
are bringing slightly better prices.
Textiles Encouraged.
An textile industries are encouraged
by a greatly improved and really largo
demand for goods. which causes many
to advance in price. With production
much curtailed, stocks of cotton goods
are rapidly decreasing, and in woolenS
advances have been made In clay worst
cd and mixtures, flannels and middleS
ex-sultings, Speculation in wool con-
tinues, with prices about one cent high
or but anles OF o, 400, 500 pounds in two
weeks show the willingness of some
holders 90 realize.
Failures for the week havc been s39 In
tho United States, against 29s last
year, and thirty in Canada, against
thirty-slx last year.