The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-10-29
TREED0F TRADE.


Rumora Of Warn In Earono start the
Grain 10 Moving IN thlS Cjouhtry-IIOro
Gold comingin
NEW YORK, Oct. 2S.-R. C. Dun &
Co.'S weekly review Of trade will say to-
morrow:
Business has been more affected by
foreign AFFAIRS than many realize. Lon
dome apprehension Of war FIRST caused
advance in wheat and fears of monetary
pressure here. Then came confidence in
London with flight Of French money
across the channel. and. stock markets
advanced while wheat fell. Mobs In
Paris did not mean to influence Ameri-
can interests from New York to San
Francisco, but electric wires have made
the world small. So the wires moved a
cargo Of wheat from the Pacific coast,
started $2,500.000 more gold from Aus
traiIa to this country on London ac-
count, and the selling OF American Sc
curltles one day and buying the next.
There has been no domestic change OF
much Importance aud the rise In prices
OF western railroad stocks indicate that
the supreme court decision against the
Trunk Line Association. is considered
helpful to railroads.
Wheat rose &c from Friday to Monday
and then fell &c TO Friday. But such
changes do not represent actual coudl-
tions and with western receipts for the
week 9,55S.2O5 bushels against 6,996,4S7
last year. nobody can pretend that hold
Ing uF stocks by western farmers Is an
Important factor, The Atlantic exports,
flour included. amount to S.796.SSO bush-
els against S.S4s,S4e last year and Pacl-
fic exports S25, 1874 bushels against 1885,
sos last year. making 1862 bushels
In four weeks against 1S, III, ,slI last year
when the foreign demand was far be-
yond all precedent. In four weeks the
western receipts have been over 40.16O.-
COG bushels against % .723,2sS last year
and yet prices are Csc lower. This clear.
" indicates much larger supplies and
greater readiness to part with them
than was seen q year ago, when nobody
doubted the magnitpte Olsthe foreign
demand. Corn refused to follow wheat
but slightly advanced.
Wool dealers have reached the conclu-
sion that with the heavy stocks on hand
II Is no longer a question Of profit but OF
avoiding losses and concessions have
brought big increase In sales for the
week, though for four weeks the aggre-
gate has been only 14.sSS,sOO pounds
against 1920, ,Oss last week, 2S,32O.1 In
1896, and 26,53S, ,50S in 1892.
New Ohio holders are asking to 3
cents less than a month ago. having as
per cent OF fine and 40 per cent, Of nedi-
um wool yet In hand. while 10000 bales
Of wool are offered TO foreign bidders,
who may decide to export 1t. Colder
weather has made somewhat more de-
mand for goods and yet not enough to
change the situation materially.
The iron manufacture has stllI good
demand. late as It Is, but the makers are
depressing prices by bidders against
each other although in the average Of
all quotations the decline has been less
than half uf per cent from the highest
point. But the wire nall manufacturers
have reduced prices per cent and the
rail- manufacturers according to current
reports have decided not to advance
prices, and there is a prospect that
heavy demand for prOducts will be fur
ther encouraged by the later quotations.
Failures for the week have been 226 in
the United States, against 2l9 last year
and "a In Canada against rs last year,