Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-07-23

tiago to trade on terms elngularly favor
able to inhabitants there, ana the rush
to build up business In eastern Cuba are
| occupying the thoughts Of many enter
| prising firms. Reduction of one-haif in
the tax heretofore paid. with honest In
| stead of Spanish administration. brings
home to Cuban residents the meaning OF
the change. and they. also learn TO use
money of which a paper dollar is as good
as gold, which for them is a long step
forward
| In the stagnant midsummer season,
with business larger than ever before
the great manufacturers nearly all share
the gain. Once before in 1895 with extra
ordinarily small movement prior to July
| the shipments of boots and shoes was
larger than this year. but in no other
year have shipments in three weeks in
July been as big.
Print cloth works at Fall River have in
part combined to curtail production, half
the spindles of that city for a month,
but in other branches Of the cotton goods
trade no such heroic measures appear
! necessary. There is an increased demand
for wooden goods, although in some lines
low and disappointing. but the number of
establishments at work increases, though
the mills are not yet assured of satisfac-
tory prices Only 5.s33, 200 pounds of wool
were sold last week, and in three weeks
| only 12.S19,s00 at the three chief markets,
of which $500 7C0 were domestic. against
a. 124.70o last year and %, 34155o in the
same weeks of 1892, Isl, 5O9, 0GC being domes-
tie.
The iron manufacture seems to be at
the verge of another revolution since
Bessemer pig Is held by curtailment of
production in the Shenango and Mahoning
valleys at STOPS at Pittsburg, and yet
some steel works have made enormous
sales Of billets, 100000 tons TO the great
wire association at prices unknown, $1,000
tons to various parties at Chicago at s1575
and 10000 tons at Pittsburg at sl4T5 The
demand for structural forms keeps all
the works busy and includes for the week
$500 tons at Chicago in three contracts
| and $500 tons at Pittsburg IN four others,
while the plate mills are everywhere
crowded; sheets and bars are both in bet
ter demand than heretofore AMI the pro-
longed weakness in cast pipe which usu-
ally requires nearly 10000 tons of pig in
q year. may presently be cured.
Heavy sales of lake copper have fixed
the price at 111sc, and the output for the
last half year have been 120 iT tons
American against $50 tons foreign, al
though three years ago the foreign out
put considerably exceeded half the Amer
lean. Tin at 1916 cents and lead at s3.92]2
are both a shade weaker.
With abatement of foreign needs and
prospects of excellent crops in many for
eign countries wheat las declined dur ng
the week three cents in price notwith-
standing exports from Atlantic ports
amounting to 1887 092 bushels flour in
cluded. against 1861 last year, and
from Pacific ports OF, 755 against S.f23
last year Total exports for three weeks
have been 1899 80 bushels, -four included,
against 5194 ass last year. Corn still goes
abroad in astonishing quantities. all the
circumstances considered, exports having
been in three weeks son si7 bushels.
against 6. $50 395 last year. The price has
not changed in spite of the decline in
wheat.
The closing Of some New England mills
has doubtless affected the price of cot
ton to some extent, and vet the crop re-
rorts are sufficiently favorable to depress
prices an eighth during the week without
other influence. The collapse of strong
pool to advance prices and control the
market is also reported
Failures for the week have been 207 in
the United States against 221 last year,
and II in Canada against IS last year