The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-16

NEW YORK. Dot. I5.-R IL Dun e
Co.'S weekly review of trade win say to-
morrow:
Foreign trade in September, the heavy
Increase in iron production and con-
sumption. and the largest payments
through clearings ever known In octo-
Der, are Indications which outweigh the
hesitation in some markets. The in
crease in employment of labor has con-
tlnued with further accounts daily Of
works opening. increasing the foros OF
hands or raising of wages, and Mt every
point. where actual production can be
tested, It appears greater than ever be-
fore
Efforts by the Bank OF England have
delayed further exports, but with cot
ton movement rising large shipments to
this side are deemed certain and not dis
tant. More gold, however. means less
Just now than more Iron.
The output OF pig iron October 1, was
200, 12S tons weekly, against 1l27S2 year
ago, the increase since July l having
been 22 per cent UnHold stocks have
been reduced at the rate OF 1921 tons
weekly IN September, indicating con-
sumption exceeding go, 1000 tons weekly,
which Is about 10000 greater than ever
before and 40 per cent greater than three
months ago. Prices Of pig held steady
though the production has been further
increased since October and prices OF
finished products gradually rise with es-
pecially heavy demand for plates, rods,
bars, while another contract has been
taken by the Illinois steel company 10 de-
liver 10000 tons OF steel rails for Japan
and the Pennsylvania company has
bought $1,000 tons. Ore shipments on the
lake surpass all records and the Rookie
feiler company has contracted for an
other steamer with two conBorts 10 car
ry 10000 tons, the largest ever built on
the lakes. Makers Of black sheets have
reduced the price for No 2S to 80 10, and
wire nails are so higher, the average OF
iron and steel products rising 16 per cent
for the week to the highest point since
April s. Tin plates are cheaper at 80 10,
with enormous production and copper ut
11.12 cents for lake, with lead at 40, but
tin Is fairly strong. The cotton mills
are producing as largely as cheap cotton
invites, and with moderate demand
print cloths are lower ct 2.44 cents end
some grades of other goods are Rlighly
reduced. Sales OF wool for speculation
have greatly decreased, but manufactur-
ers do not find that current prices ara
warranted by their market for goods,
though It is strong and advancing.
Sales of wool for two weeks have been
"a, 331, GOO pounds at the three chief mar
kets, of which 15.397.S90 were domestic
and while quotations are maintained,
large lots previously withdrawn by con-
signors are now offered.
The demand for spring goods is limit.
ed, hut the prices of some qualities have
advanced shade further. There is also
some quiet contracting already for
heavy weights.
Wheat has been fairly steady but NOV.
ing more largely than last year from the
farms and from the country. Western
receipts were 15.167O54 bushels in two
weeks of October against 14.2360l5 last
year and Atlantic exports 6,463, 4O1 BUSH
els. flour included, against 4,747,s45 last
year. while corn exports were S,262, 2,Ss7
against S,3O9,925 last year.
September exports OF wheat surpass all
a q QFa ~ IL.