Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-12-24
DUN'S REVIEW OF TRADE.

NEW YORK, December 23.-R. G. Dun
& Co.'S weekly review of trade will say
in to-morrow's issue:
1t is a year beyond parallel and goes to
its close with the biggest volume of bus
mess ever seem Enormous transactions
at the stock exchange makes some differ
ence, and heavy railroad earnings, but
when all the transporting and speculative
Industries are eliminated there is a much
larger business than in any month of any
year. Last year the exports were in vol
ume greater than in any previous month
in the history of the country. But this
year the three weeks reported shows an
increase of % per cent against 9 per cent.
in imports, which would indicate much
more than $1,000 go of exports this month.
The payments through clearing houses
have been for the week 26 per cent great
er than last year and ia per cent greater
than in 1891 and for the month rs per
cent larger than in 1882 Until now no
greater volume of business has ever been
done in the history of this country than in
the closing month of this year.
Shipments of wheat have been 3,2S5 704
bushels, flour included. at Atlantic ports,
against 3G3S, 331, last year, although west
- OSS, ISL bushels, against 10. 800. 500 last
year, fact which the believers in a small
crop may we'll consider From Pacific
ports the shipments have been for the
week, 1,341 O46 bushels against $50, 900 bush
els last year. Considering the enormous
exports from July l to date, exceeding last
years. one can only wonder that the out
go this year has been so large and the
,,ri, H,,- .ie- md
half. Corn exports also nave been 3,S24
$50 bushels, against 4.5o0,63 last year, and
for the month thus far, IL C12, 1873 bushels,
The price has advanced about 2$sc, but the
continued foreign demand is astonishing.
If the cotton market takes leading
place this year, it is not merely because
cotton is an eighth lower than last year,
nor because prospects for buyers are so
good The manufacture has been much
expanded by increased demand, so that
prices of nearly all the goods quoted in
our report have advanced more or less,
and there is a feeling that with unreas-
enable accumulation of print cloths out
of the way, there is a bright prospect for
all goods Sales of wool have been large,
q, 366 100 pounds, aginst % 1920 pounds
in the same weeks of 1892, with small as
well as large manufacturers buying freely,
which indicates general Improvement
in the demand for goods, although not
enough as yet to lift prices.
The story of the iron manufacture is
like a dream. With $500 tons Bessemer
pig sold at Pittsburg for 80 and grey
forge at 80 40 and Chicago sales limited
only by the capacity of the works and
eastern sales so numerous and so large
as to raise the price p cents, there is
demand for finished products which in
cludes at Philadelphia GOO tons of plates
for export to South America, 1900 tons at
Chicago, where the works are crowded,
SEQ tons steel rails by the Maryland
Steel Co. for Asiatic Russia, q, 900 tons for
Australia. against British bids at Pitts
burg. and about 1000 tons domestic at
the east, $500 tons structural work at
Chicago and Pittsburg. and s goo tons for
car builders at Chicago all the works
being crowded, heavy buying of sheets
and rods and sharp competition at the
south in cotton ties. a pending contract
for %, 000 tons cast pipe for Yokohama and
sales of smaller quantities in each class
too numerous to mentions. Prices of iron
and steel products have not materially
changed. although the tone is everywhere
stronger and for wire nails quotations
have been advanced to 81 20 at Pittshurg
But this country is beating the world in
this industry.
All this business is done with full belief
that the next years demand will be great
er than ever before. and ii is creditabe
especially in the iron and steel business,
that so little advance in prices of finished
PRODUCTS has been made. The range of
prices is nearly 90 per cent. lower than in
1892. indicating an astonishing increase in
the quantity of products exchanged. How
Europe will be able to pay more than SO
C00.GG0 due on merchandise account for the
month of December, besides th%enormous
balances due for November and previous
months. is question which the country
| can afford TO consider at it's leisure and
! with comfort.
| Failures for the week have been 25s
| against 20 in the United States last year.
! and q in Canada against SO last year.
! - - - - Nice Mandolin nina ribs