Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-07-16
DUN'S REVIEW OF TRADE.

New York, July 15.-R. G.. Dun &
Co.'S weekly review of trade will say
tomorrow:
The destruction of Spanish fleet,
Europe's quick appreciation of the fact,
the waving flags of truce at Santiago
and at last the surrender, have all in
fluenced some markets day by day. But
Americans have grown and traders see
that not many outside matters greatly
influence the business which enables
them to market $1,210,274,O15 worth of
domestic products abroad in year,
against S610.052,S44 worth imported.
The new loan has proved a stupendous
success, over 81, 800, 900, 900 having been
subscribed and it is now the question
Of chief interest whether any banks
will get enough, after personal sub
scriptions have been accepted, to sup
port further circulation. Industries
and business are at the naturally lowest
point for the year, and therefore the
records are the more impressive.
The decrease in output of pig iron
from 225,37S tons weekly June LIST to
216,311 July LIST, mostly due to usual
stOppages for repairs a little before
July 1st, carries with it decrease of
4,216 tons weekly in unscId stocks If
the first and last of the month repre-
scented average production the quantity
consumed In manufacture would be 3S
per cent less than the highest ever at
tained in May, q small decrease for mid
summer, but in fact the average pro-
duction was larger and decrease In con-
sumption was smaller. Just when
stagnation is customary, very many
mills are crowded with orders for
months, the Illinois rail mills until De-
cember or later with sales this week
OF 5000 tons and structural works
with a few contracts for 10000 tons or
more, while larger demands appear for
cars, plates and sheets and better de-
mands for bars at the east. One heavy
sale of billets from Plttsburg to east
ern Pennsylvania at a concession Of
so cents is the only real decline in
quotations. though eastern steel bars
are shade lower.
1t is still between seasons for vol,
but a few large purchases indicate
some disposition for business and the
demand for wooden goods is better.
though prices for some have been re-
duced and the competition as to serges
seems likely to be excessive. Sales Of
wool were but 1854, 700 pounds, $751;
200 being domestic, for two weeks Of
July. against 24.572. 800 pounds last
year, of which II ,965 800 were domes-
tic One sale of 1,500000 pounds ter
| ritory at prices lower than are being
paid by Boston parties in Montana
looks like business in the future.
Cotton has been steady. The mills
| in this country are doing their share
| and the demand for goods is gradually
| growing better.
Wheat has been dropping in prices
under estimates Of $50, 0C0, GOO to 700.-
| 900, 000 bushels this year. which seem
| TO be at least we'll warranted as over
| conservative estimates by the same
parties last year Injury in crops is
heralded: abundance in old regions get
no notice Western receipts are mod
| crate as yet
/ Corn exports are decreasing as is
natural: the price Is 1c stronger.
| Failures for the week endinf July I
/ were 81 .854.394 In amount, $94s.s11
| manufacturing, and $ss9.7s trading
Failures for the week have been us In
| the United States against 2e3 last year,
!, and in Canada 20 against ~ last year.