The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-28

NEW YORK. Aug, T.-R. G. Dun &
Co., In their weekly review of trade to-
morrow, will say:
Speculative markets have their turns
OF reaction, but business has none this
season, gaining with q steadIness which
Is most gratifying. The starting of
works, increase in hands employed, ad-
vance in wages and IN prices OF pro-
ducts and the heavy movement OF crops
are facts before which all speculative
influences have to bow. Tho weeks dis
patches mention sixteen iron works
which have started. against one closing.
Fifteen woolen works have started, and
SO IN many other branches. whIle many
more works have increased force and
many are preparing to resume, and
some have increased wages. While these
things continue-with grain rising and
going abroad in enormous Quantities
money markets have reason for abound
ing confidence and speculative markets
for strength. Crop prospects are contra-
llctory, as usual at such time, but 10
noteworthy that none of them indicate
anything less than an ample supply or
the great staples.
Wheat rose over six cents Saturday,
with exaggerated reports of injury fell
nearly eight cents, advanced four cents
and then declined sharply, closing one
cent lower for the week. That some
harm was done to spring wheat in three
states appears, but no accounts entitled
to respect indicate damage reducing the
Weld below 5I0,0OO,OO0 bushels, which
would be $4,000. 900 larger than any 9TH
er crop except that of 1891.
Immense Exports.
In spite OF great lack OF cash, wheat
receipts were 4.3i9.5S4 bushels for the
week and for four weeks l5,5Ss,6s1 bush
els, against li,S9G,9l7 last year, and At
lantlc exports. flour. included, though
somewhat checked by higher prices.
were 3,56s,369 for the week. against O.
20T, ,5lG last year and for four weeks H.
3s7,6s7 bushels, against 73l0,177 last
year. Receipts OF corn bear strong tes-
Imony to the seriousness of foreign
needs, being 5.S4O,14i bushels for the
week. against 2,Sl3.9l9 last week. and
Atlantic exports in four weeks have
been 1O,i66,47s bushels. against 5,6lIilo
last year. The price rose one and one
eighth cents for the week,
Sympathy with other markets rather
than reports OF injury which capable
authorities deem not important. &C.
counts For the advance of three six
teenths in cotton. But the mills are re-
sumlng work with rush, and will re-
qulre heavy supplies Of material to
meet the large demand for goods. which
hns advanced the prices OF many. A
general replenIshment OF stocks by deal
ers will call for heavy additional sup
plies. The wool market also reflects in
ureater strength and further advance In
some grades the heavy buying OF WOOL
ems, which has set many mills at work
night and day and caused makers of
many grades to withdraw them entirely
from the order market. But, while, the
mills have been buying somewhat
more, most OF them held large stocks,
and the trading has been mainly specu-
lative between dealers.
Iron Products Higher.
At last demand has so far overtakeu
capacity of iron works that prices are
growing stronger. Bessemer and grey
forge twenty-five cents higher at Pitts
burgh, and pig in eastern markets as
much stronger because rebates and con-
cesslons are stopped. Billets are 81 per
ton higher, structural angles. bars and
plates about as much, rods 81 5Ods2 90,
and wire nails five cents per keg higher.
The demand Is also heavy for mer-
chant pipe and steel, and sheets are
very nctlve. The advance in iron and
steel prices average 81 per cent for the
week. Buying OF ore continues heavy,
100000 tons in two weeks az Cleveland,
and among the iron works starting are
four more furnaces. While tin Is weak
er ut 1875 cents with q large arrival,
copper IL held at eleven and one-fourth
cents for lake by larger orders and de-
llverles, and lead is scarcely obtainnble
below four cents. sales having been
heavy. Connellsville coke works in
creased output to l23,16i tons for The
week. Hides are again stronger at Chi
cugo, though packers no longer lead,
but country hides are called scarce nl-
though cattle receipts at the four chief
markets, 10, 400 head, are the largest for
the corresponding week since 1899.
Failures for the week have been 223 IN
the United states, against 2Ss last year,
and thlrty-four In Canada, against
hIrlv.IhrnN lngl r0or