The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-25


NEW YORK, Sept. AR. @. Dun g.
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
arrival OF 100000 at San Francisco
from Australia for wheat exported. The
gold received there and started for
Europe amounts to ;6,bOO,0O0 in two
days, and the advance of It's rates by
the Bank OF England to 2h per cent
seems little likely to check the move-
ment in view of heavy merchandise
balances due to this country, and a rise
in the rate of interest here. The August
excess OF merchandise and specie ex-
ports over imports was not far from
100000 and the September excess Will
evidently be larger unless shipments OF
gold are considerable. Merchandise ex-
ports from New York in three weeks OF
September have been lb.3 per cent over
last years and imports 1877 per cent
less, and like changes on the whole
trade for the month would result In net
exports Of S53,O00,000 merchandise. be-
sides silver.
Produce markets have been uncer-
tain, closing n fraction higher for both
wheat and corn, while tho decline In
cotton continues. With SIC paid for
spot at the end of August, cotton has
dropped ~ cents, or IS per cent In less
than four weeks, In spite OF a remarka-
BILE revival Of manufactures. Fever in
some southern cities has not been
largely influential and the main factor
has been the general impression that
estimates are as misleading az stheywere
when the yield was the greatest on re-
cord.
The corn estimate most credited by
the trade is only 1,750.00o,000 bushels
but Is coupled with figures tending to
show a surplus from the last crop OF
400, 100000 bushels over ordinary con-
sumption. Were this quite believed,
the price would not be rising. although
exports continue heavy In three weeks
9,927,s49 bushels against 6,lb0,1T last
year. Wheat has gained a fraction for
the week, while Atlantic exports, flour
included for three weeks have been H.
48s. 1871 bushels against 6.fSs,74a iastyear.
Western receipts are exceeding last
years and foreign estimates now agree
in makingthe probable requirement
from this country over 1oo,o0o,O0o BUSH
els greatertha n 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 bituminouB.
The anthracite coal strike has substan-
TALLY ended and no extensive labor
strike Is anticipated. The outcome OF
coke Is now 125,o00 tons and the price 10
also advanced. Some branches Of the
iron and steel industry 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 Pittsburgh
to SO 80 and grey forge TO 50 50 with ac-
tual sales of 10000 tons Southern pig In
the Mahonlng Valley for 80 75 at Bir-
mingham. Billets are quoted at SIG 25,
and S23 has been refused for wire rods,
The structural work is behind orders,
tin plate mills are hindered by failure
to get sheet bars delivered fast enough,
plates and sheet mills find heavy de-
mand everywhere, and bars are in great
demand for cars at the west; with
vastly improved ueulhnd anu u ShaNc
better prices at the east The average
advance OF iron and steel products from
the lowest point is SO per cent.
Wool sales at Boston have decreased
a quarter but manufacturers are still
unable to find profits in goods with wool
at present prices. Reported sales OF
wool are more than double those OF the
most prosperous year. but the rise IN
prices renders the future more doubtful
except for manufacturers having heavy
supplies laid in. The cotton mills are
doing large business, although recent
buying Of goods has naturally decreased
after the recent rush.
Failures for the week have been 2os
in the United States against 3l6 last
year and 2s in Canada against 80 last
year.