The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-06
PROSPECTS OF PEACE

Are Stimulating AIany KInds OF BuIlneau.
Delay and Hesitation Have Rented In
LarErr Contrasts Coming Forward
Wheat Goes uP-IndustrIsS in Good
shape.
NEW YORK. Aug. CIR. G. Dun &
Co.'s weekly review OF trade viii say to-
morrow:
Prospects of peace s.lEnlcte many
kinds OF business. In spite of records
the impression prevails that delay and
hcslntion have legitimately resulted
from war and larger contracts are IN
fact coming forward for iron producto
with a better general demand in most
industries. The volume Of payments
through oil clearing houses was the
largest ever known in July being S per
cent larger than in 1892 for the month
ana for the week III per cent larger.
Most Industrial works have resumed
after shorter vacation with fewer par
tlcipating than usual. A few labor
troubles only call attention to the fact
that this season has been remarkably
free from such hindrances.
In spite OF a promise OF 100000, 900
bushels Of wheat this fall, the price Is
2ISc higher for the week. The dispose
ton Of farmers TO hold back thesF wheat
for prices more like those o'btainable re-
Gently accounts for receipts 36 per cent
smaller than last year. but exports, in
Guiding -four, were 3,6l1,6H bushels,
against $3.50, 725 for the same week last
year and for FIVE weeks Of the crop year
IL, AZ, $3.50 bushels against 9,S7S,192 last
year. The visible supply is extremely
low, but exports at the present rate
throughout the year would have little
lifting power II the crop is about SO0,-
100000 bushels more than home needs
for seed and food. Corn exports for tho
week have been only 1.734,S4I bushels
against 2,725,09o last year. though the
price mas scarcely declined. Cotton Is
unchanged. A rather better demand for
staple cotton goods does not relieve the
overproduction IN print cloths and goods
are practically unchanged in price.
Western stiffness In holding wool and
the New England wool paper drifting
this way and largely refused, indicate
another attempt 10 tire out the manu-
facurers who are actually Offering for
worsted wool four to five cents below
asking prices, and buying scarcely any.
Several mills have closed for the time
rather than pay prices asked for wool.
The iron manufacture has nearly, II
not quite, resumed It's full production,
except in the valley where Bessemer
producers are closing in turn unde=
agreement TO force prices upward. While
there has been largely buying, one Pitts
burgh steel concern with all its furnaces
at work taking $1,000 tons more, the
price there does not change as yet, nor
does local pig at Chicago, although with
much better buying, one Southern COZ
Germ advancing its price Csc. Low phos-
phorus pig has arisen 80 cents at Pnlla-
delphIa with better Demand. but un-
changed prices for other grades. The
demand for rails includes bids for next
winter and next year, Chicago sale OF
1000 tons for Japan and eastern sales OF
5000 tons for American roads 1900 tons
for Prince Edward Island next yea! and
q, 900 deliverable in three years Tor Mex
leo. Plates are in unprecedented de-
mand. both east and west and structural
works are full with large CONTRACTS
coming forward In all sections. Bars
are so much stronger that many mills
refuse less than 81 for iron, though steel
bars sell largely at soc.
Failures for the week have been l96 IN
the United States against 2Sl last year
and q in Canada against % last year.