The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-12-24

NEW YORK, Dec. 23.--R. @. Dun 4
Co.'S weekly review Of trade will say
in to.morrow's issue:
It Is a year beyond parallel, and goes
to It's close with the biggest voiume OF
business ever seen. Enormous transac-
lions ut the stock exchange mako some
difference and heavy railroad earnings.
but when all the transporting ana spec
ulatlve industries is eliminated thorc Is
much larger business than In any
other month of any year. Last year
the exports were In volume greater than
ia any previous month In the history Of
the country. But this ycar the three
weeks reported shows an increase OF 20
per cent against per cent In Imports.
which would indicate much moro than
Si0.0G8,000 excees Of exports this month.
The payments through clearing houses
have been for the week Is per cent
greater than in 1892 and for the month
1M per cent larger than In 1893. Until
now no greater volume Of business has
ever been done in the history Of thig!
country than in the closing month ot
this year.
Grain Exports.
Shipments OF wheat have been 1885,
1OI bushels, -four included, at Atlantic
ports against 3,esss2l bushels last year.
although western receipts for three
weeks have been 25,OSs,5S1 bushels
against 10,S0a, ,929 bushels last year. .
fact which the believers In small crop
may we'll consider, From Pacific ports
the shipments have been for the week.
1,341,O46 bushels against $4,000 bushels
last year. Considering the enormous
exports from July to date, exceeding
last years. one can only wonder that
the outgo this year has been so large
and the price has risen during the week
a cent and u half. Corn exports also
have been 3.s24S3S bushels against
4,640.613 bushels last year, and for the
month thus far. lI,Ol2,lS against TO-
S6I ,i07 bushels last year. The price has
advanced about 2% cents but the COM
tlnued foreign demand is astonishing.
like a Dream.
The story OF the iron manufacture is
like dream. with $4,000 tons Besse-
mer pig sold at Pittsburgh for SO and
grey forge at $s.IO and Chicago salesF
limited only by the capacity Of the
works, and eastern sales so numerous
and so large as to raise the price 25
cents. there is demand for finished
products which includes at PhiladcI-
phia 1000 tons Of plates for export TO
South America, 5000 tons at Chicago,
where the works are crowded, 5000 tons
steel rails by the Maryland Steel COM
pany for AsiRtIc Russia, $4,000 tons for
Australia, against British bids Mt Pitts
burgh, and about 10000 tons domestic
at the east, $500 tons structural work at
Chicago and Pittsburgh, and 5000 tons
for car builders at Chicago. all the
works being crowded. heavy with buy
ing of sheets and rods and sharp COM
petition at the south in cotton ties, n
pending contract for 10000 tons case
pipe for Yokohama and sales Of smaller
quantities in each class too numerous
to mention. Prices OF iron and steel
products have not materially changed,
although the tone Is everywhere strong
er ana for wire nails, quotations have
been advanced to 81 I.sO at Pittsburgh.
But this country Is beating the world IN
this industry.
Next Years Prospects.
All this business is done with full be-
lief that the next years demand viii DO
greater than ever before. and IT is cred
liable, especially in the iron and steel
business that so little advance in prices
Of finished products have been made.
The range Of prices Is nearly 20 per cent
lower than in 1892, indicating an aston
ishing increase in the quantity OF prGe
ducts exchanged. How Europe will be
able to pay more than $76,O00,O 900 due on
merchandise account for the month OF
December, besides the enormous ball
ances due for November and previous
months, Ia n question which the couTi-
try can afford to consider at Its leisure
and with comfort.
Failures for the week have been 2bS,
against 292 In the United States last
year, and 81 in Canada against 50 last
year.