The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-22

NEW YORK. Jan. 2ly--R. G. Dun a
Co.'S weekly review OF trade will say
Tomorrow: x. AZ "
With volume OF business ,remark-
able for the time OF year, 3s per cent.
larger than yenr ago, and 1914 per
cent. larger than in 1892 in payments
through clearing houses, It IS not dis
couraging that one or two industries
arc tagging. The demand for most
grains is more heavy for the season.
manufacturing works are better eili.
ployed and orders booked and In pros
pect for the future are more encourage
Ing than ut this season In any other year
OF which equally definite record exists.
Exports OF products continue surpris-
inSly heavy In spite OF some rise in
prices Treasury receipts from customs
were larger in twenty days of January
than In the entire month of October or
November, and apprehension regarding
the monetary future Is no longer felt.
outside OF speculative circles. =
Failures are considerably smaller
than were ever known Mt this season..
both manufacturing and trading, less
than half last years. Railroad earn:
ings In January thus far, reported have
been 1T.6 per cent. larger than lastiyear,
and 1o3 per cent. larger than in 1892.
The rise OF wheat above a dollar I'M
regular sales was not accompanied by
signs OF speculative excitement. In
fact, the continuance OF extraordinary
exports. o,945.705 bushels, flour included,
for the week from Atlantic ports,
against 1,5TS,2l5 last year, and for three
weeks 9,002.i93 bushels. against 5,559, ,532
last year, besides f,036, $40 from Pacific
ports for three weeks, would give ex-
cuse for high prices even ifl the corn
exports were not enough to suggest!
great foreign need, amounting to $780,
1S9 bushels, against 0,T74, ,2S3 for three
weeks. The fact that cargoes OF corn
were shipped during, the week to Egypt
and Russia, the very countries upon
which Europe most relies for bread
stuffs next to the United States, affect
ed trade not unreasonably.
Just when unprecedented production
OF pig iron was causing Weakness, ex-
traordinary demand for finished prod
ucts appears. For this season, at least,
the general demand IS beyond prece-
dent, including $1,000 tons steel rail for
the week, and Loo, 600 already this year,
orders for Plates so large that Pitts
burgh works send away some to other
concerns. unable to I'LL all they receive.
orders for bar such that many concerns
are obliged to refuse more, an excellent
demand for sheets and fair for struc-
tural, forms. Nor does this demand
spring from efforts to combine makers
OF wire and It's products. and makers OF
tin plates. Prices of all finished prod
taf~ II h,-t tI,r.. y
though Bessemer pigi Is five cents lower
at Pittsburgh, but pig at Chicago i5,
strong, with some production OF finished
forms delayed by Its scarcity. ~
The great strike OF operatives in cot
ton mills of New England seems as con-
ven!ent to mill owners with their heavy.
stocks unsold as II they had ordered 1t.
Probably it will last long enough to
work off stocks. and the print cloth
market Is already about one per cent.
stronger. while q slight advance IS no. s
ted in some other cotton goods. i,1 !.
With very stagrant markets for. wool.
sales amounting to only 5.395, 200 pounds
at the three chief cities. which reported
over Is, 500, 900 in one week Of September
and &C, 500, 900 in four weeks, the inquiry
for round lots Is mainly for: three
elghts and quarter blood suitable for
chevlots, but have resulted in little
dealing. The mills have taken satisfac-
tory orders for such goods, probably not
knowing where they could get the wool.
and the goods movement IS distinctly
encouraging, though quotations of the
higher priced heavy weights are still
deferred. But q very large business for
the coming season is already assured.
according to reliable accounts entitled
to confidence. .:.s,s ~ s.s ssya Y. 3
Failures for the week have been 3H in
the United States. against 400 last year.