The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-15

NEW YORK, Jan. 1i,-R. g. Dun 81 !
Co.'s weekly review OF trade viii say In !.
It's issue OF Tomorrow: n, til
The. year has opened with a very sat- \
isfactorS prospect. It Is all the better +
that there Is no wild excitement In tho
speculative markets, and while stocks i
advance q a3llttle. grain yields n little.
The payments through principal clear
ins. houses, Notwithstanding d decrease
at New York owing to less activity in
stocks, are &c per cent. larger than In (
1892, and 1o.1 per cent. larger outside OF \
New York. y L y ts
Earnings OF oil railroads In the United I
States reporting for December. 1885, "
279, Indicate substantially the same ratio
OF Increase. exceeding last years by 1o.5 7
per. cent. and the earnings for 1899 for.
the same roads by 1.S per cent. Since
1892 was, on tho whole. the most pros-t
Porous year. these comparisons indicate,
notwithstanding the lowest prices ever
known, that the volume OF business is
larger. In spite OF some cutting Of rates,
the earnings of railroads are larger than
In the best year or past history.
n The wheat market has been curiously
languid, yielding Y Of a cent. although
Atlantic exports amount to y 6,056, ,7SS )
bushels for the two weeks OF January,
against 3,9SG,3l7 last year, and Pacific
exports for tho week have been ], ,979,67G z
bushels. 6 "a; 81 % & :sll !;
! Western receipts continue SO heavy
that with the greatest accumulation OF
wheat at Chicago ever known there is Z
little encouragement for speculation.
Receipts were 5,727, $50 bushels for two
weeks. against 3,09S,6eS bushels last
year. ., u Z. ~ - ~ Y 5s2 Z
Corn exports continue large. though
not equal to last years. amounting to
S136,6SS bushels, against 4,143.652 BUSH
els for the week last year, and the price !
declined about Y ola cent. Spot cot
ton is q sixteenth lower for middling up
lands, mainly because OF the stoppage
Of some mills by difficulty about wages.
But nothing is definitely known about
the quantity Of cotton yet coming for,
ward, and one report OF creditable char
acter puts the years yield at 10, ,57o, ESQ \
bales, though results thus far do not
quite justify SO large an estimate.
The iron furnaces in blast January 1
1epOlS' al outpul. ul- LAV,oVo luis weekly
against 226, ,024 weekly December /, with
an increase of u ,4Sl tons In the 5unsold
stocks held by furnaces. While this
shows q consumption 52I per cent.
larger than O year ago, there would be
discouraging Indications of consump-
ton but for the fact that several fur-
naccs wero stopped for the holidays.
and these with several others have
started since January l, while the de- !
mand for; finished product does not d.
minish. The Pennsylvania railroad has
ordered 100,0 900 tons steel rails and q new
railroad In Maine 1000 tons. and other
orders for cars, railroad supplies, plates,
bars and structural material are un-
usually large for the season. q
The .woolen manufacturers have been
buying wool largely, and for reasons
not publicly explained. It Is evident
that large orders have been taken by the
leading mills at prices which they find /.
satisfactory, and the rush of small mills
to buy wool has made most of the mar
ket during the past week, although sales
have declined about 40 per Cent. COM
pared with the previous week. But
there Is decidedly better demand for
mems wear goods, and the makers look
forward to q good seuson. ii5ys
The cotton manufacturers, heavily.
overloaded by excessive production. find
no increase in demand. and no gain in
prices. 9
Failures for tho week have been $40 in
the United States, against; ASS last year, Z
and 45. in Canada, against II last yer.
1yhent Shipments to Philadelphia.
PHILADELPHIA, Pa, Jan. ian
evening paper says: Big shipments OF I
grain were reported to-day us being
scheduled to arrive here from Chicago
1t Is coming at a rate which Is equlva-
lent to six cents a bushel. though the
usual rate to Philadelphia from Chicago Y
h..t.la