Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1897-12-18


Co.'S Weekly Review of Trade issued
today says: Close to It's annual holt
day halt the business of the year is
surprisingly large. Payments through
banks are 30 per cent larger than in
1897. heretofore the year of greatest
prosperity the production Of iron and
woolens and boots and shoes is larger
than ever before, exports eclipse all
past records, and failures for the two
weeks have been the smallest for the
corresponding weeks in five years.
Treasury receipts show steady in
crease tor the first half of December
over previous months, both in customs
and intenal revenue and heavy pay
ments to government on Union Pacific
account caused but slight stringency
in money markets with preparation for
large cancellation OF bonds.
The news of the week is the rise of
merchandise exports in November to
SIG. $50 ,2aU, the excess of exports in
four months being $229,212, 40l, while
in half OF december exports are nearly
as large and imports 81, 100000 smaller
than last year, when the excess of ex-
ports were $58.205, 366, Probably all
records are surpassed by exports for
this year, which have been 1914, 5000
in II months, and the excess over i'm
ports in five months has probably ex-
ceeded $685.. 100000.
The output of pigiron Dec. / was
the greatest ever known, 226,024 tons,
against 2l3, 1853 Nov. l and 217,306 in
November, 1896, the highest point
heretofore. Unsold stocks also de-
creased IN November 1862 tons, indi-
eating consumption of about 1000
weekly during the month. Bessemer
declined in the face Of such production
10 cents ana Gray forge 20 cents at
Pittsburg. The demand was on the
whole greater and unusual structural
contracts for the season were placed,
with sales of 10000 tons steel rails at
New York and the largest orders ever
booked by the Illinois Steel company.
it is said, and Unexpectedly heavy bust
ness in plates.
Much buying also resulted from ex-
pectation of the wire consolidation, in
Guiding $4,000 tons Bessemer and 50, 900
tons billets at Pittsburg. No reaction
comes in copper, and exports for the
month are estimated at 10000 tons. but
in plates slightly stronger. Coke pro-
duction was 100, 925 tons with contracts,
making for the coming year at $3.50,
and anthracite coal was weaker at So. 70
here.
Wheat is just now the backbone of
foreign relations, the Atlantic exports in
two weeks having been. flour included,
7,8S0,942 bushels. against Sab 77
last year, while receipts rose to IL, $780,
122 bushels, against & ,625,392 last year.
The price gained fraction in spite of
the speculative decline at Chicago.
Corn exports continue to exceed last
years. in two weeks 6,262, 949 bushels,
against 5,074,626 last year. which is a
particularly significant feature. The
price rose but fraction and the re-
ceipts in two weeks were S,023, OO1
bushels, against 5,449, ISL bushels last
year.
Demand fer wooden goods is increas-
ing. and some mills are in the market
providing for a greater production,
though most are still waiting, and the
wool market is remarkably duly, sales
at the three chief points being 1907
100 pounds, against Is, 10000 last year,
1a119, 10 in 800 and rs, 504, 100 in
1892. While prices are said to be held
without change, manufacturers are
hunting for bargains and foreign wool
IN considerable quantity is coming this
way
Failures for the week have been 329
in the United States, against last
year, and 2S in Canada, against Al last