The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-11

NEW YORK, Dec, lO--R. G. Dun &
Co.'s weekly review OF trade Will aay In
It's Issue Of tomorrow;
The opening of congress, with the an
nual message and reports, has not dis
couraged business as some predicted,
but all speculative markets nre stronger
than week ago.
The productive industries, even In the
season usually about the dullest OF the
year as TO orders, meet n definite I'M
provement in demand for important
products, presumably the fruit of pre-
yailing conviction that new business
win begin to crowd the works after the
new year starts. The outward move
ment of wheat and other products con-
tlnues so heavy that foreign exchange
has fallen thrce-quarters OF cent and
instead OF exports OF gold, which have
marked December In recent years, I'M
ports would come if gold were wanted.
Securities are advancing with reason In
the Increased earnings VI railways, AI.-
0S5SOl for November on reporting roads
In the United States, 1886 per cent.
larger than last year and 30 per cent.
larger than In 1892. A striking compar-
ison for five years shows that in each OF
the last three months earnings have
been greater than In any previous year,
with n larger increase In November
than In October or September.
The sudden rise In December wheat
at Chicago 10 si.O9 would do harm were
1t not based on nvowed contracts TO
ship some millions OF bushels 90 Europe.
ii q a..s nj
In spite OF such contracts, has helped II
rise OF lisc here. Western receipts for
the week were 5,79S,77l bushels, against
3,Ggl,374 last year, and Atlantic exports,
including flour, 4,3l2,l37. against 2,975,65l
last year, and so great Is the foreign
shortage that the outgo OF corn last
year, far greater than ever before, Is
again exceeded. 3,3i9,OSG for the week,
against 3,055,7s0 year ago, with the
price nearly 10 higher for the week.
The report that western supplies are
running low is discredited by receipts
from farms. Cotton is n sixteenth
stronger in spite of estimates ranging
from 10, 100000 to 100000 bales by we'll
known authorities, a strike In English
mills Is no longer threatened and the
possibility OF one at Fall River has little
weight.
The demand for wooden goods has
clearly improved and more wool has just
been purchased abroad and ia being Inn
ported the sales in domestic markets
having been for the past week only
2,6G0,000 pounds at Boston, and In two
weeks 1l,050, 400 pounds at the three
markets. While some grades have been
sold largely at prices lower than Il
month ago, quotations are generally
maintained.
There is more demand for iron and
steel products in preparation for rail-
way work, bridges and buildings next
year and on contracts for export, in
Guiding one for government bridge in
Holland and others for bridges In Japan,
with large shipments Of various prod
ucts TO England and other countries.
Foreign contracts for 10000 tons Of rails
are pending.
In and about New York bridge build
Ing and contracts call for $4,000 tons.
and Chicago works are figuring on nu-
merous contracts for 5000 railway cars,
The formation OF the American steel
and wire company IN expected 20
strengthen prices and causes some buy
lNBt Nnllc BeSStIleT Ut SlV ililu hTcy
forge at $g.1J are slightly lower at Pitts
burgh, prices are stronger az Chicago,
and in all quarters heavy business II
expected after the new year. a sale OF
lake copper, said TO be 100000 pounds.
at lie, SO strengthens the demand that
siO.s7 Is bid, but tin and lead nrc very
dun and spelter n shade lower, while
future contracts for tin plates have been
t,nda nj 90 On mar ION DOtinlg.
Connellsville coke production Ia l5l, 100
tons weekly. against 10000 In Noyem,
ber, and no advance Is now expected
above $3.50 for furnace coke carly next
year. Anthracite conl Ia weaker and
sells here ut SS.7j to $685. for stove.
Failures In the first week OF Decem-
Der were but S2,GlL2iO. manufacturing
S7S04gO, and trading $l,7Ol,570.
Failures for the week have been 5l2
IN the United States. against $50 last
year, and 20 In Canada, against 10 last
year,
Aia,ka Steamer Overdue.
SEATTLE, wash, Dec. 1O,-Tho
schooner Augusta, from Copper river
Alnglyn, Ia ten days over due and come