Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-08-06
DUN'S REVIEW OF TRADE.

New York, August 5.-R. G. Dun &
Co.'s weekly review of trade will say
tomorrow:
Prospects CT peace stimulate many
kinds Of business. In spite Of records
tie impression prevails that delay and
hesitation have legitimately resulted
from war and larger contracts are in
fact coming forward for iron products
with a better general demand in most
industries. The volume Of payments
through all clearing houses was the
largest ever known in July, being s
per cent. larger than in 1892 for the
month and for the past week i'll per
cent. larger. Most industrial works
have resumed after a shorter vacation
with fewer participating 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 promise Of seven hun
dred million bushels Of wheat this fall,
the price is 21ac higher for the week.
The disposition Of farmers to hold back
their wheat for prices more like thoce
obtainable recently accounts for re-
ceipts IS per cent. smaller than last
year, but exports, including flour, were
3,641, 647 bushels against 2,530,T25 for
the same week last year and for five
weeks of the crop year l2,414,S59 bush
ell against 9,87S192 last year. The Wis
ible supply is extremely low, but ex
ports at the pre.ent rate Throughout
the year would have little lifting power
if the crop is about 900, 100000 bushels
more than home needs for seed and
food. Corn exports for the week have
been only 1,T34,347 bushels against
2,725.C90 last year, though the price has
scarcely declined Cotton is unchang-
ed. A rather better demand for staple
cotton goods does not relieve the over
production in print cloths and goods
are practically. unchanged in price.
Western stiffness in hldtns wool and
the New England wool paper drifting
this way and largely refused, indicate
another attempt to tire out the manu-
facturers 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 its full production,
except in the valleys, where Bessemer
producers are closing in turn under
agreement to force prices upward.
While there has been largely buying,
one Pittsburg> steel concern with all
its furnaces at work taking fifty thou
sand tors more, the price there does
not change as yet, nor does local pig
at Chicago, although with much better
buying, one Southern concern advanc-
ing its price Csc. Low phosphorus pig
has risen fifty cents at Philadelphia
with better demand, but unchanged
prices for other grades. The demand
fer rails includes bids for next winter
and next year a Chicago sale of 4.000
tens for Japan and eastern sales of 5000
tons for American roads, 5000 tons for
Prince Edward Island next year and
"a 600 deliverable in three years for
Mexico. Plates are in unprecedented
demand, both East end West, and
structural works are full with large
contracts coming forward in all sec
tions. Bars are so much stronger that
many mills refuse less than 81 fer
iron, though steel bars sell largely at
90c
Failures fer the week have been 1875
in the United States against 237 last
year and Il in Canada against 20 last
yer.