Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-29
DUN'S REVIEW OF TRADE.


NEW YORK, July 2S,-R. G. Dunn &
CO., in their weekly Review of Trade,
will say:
There is certainly room for some de-
crease when the volume OF payments
through the clearing house in July IS
47.2 per cent larger than last year, and
SO. 6per cent larger than in 1892, the
best of all previous years. SO great an
advance would warrant expectations
of some setback under ordinary cir
cumstances. This year the unusual
freedom from labor troubles about july
LIST is followed by some signs OF ten
dency to strike because great works are
committed far ahead and cannot halt
without loss. But interruption of busl-
ness by labor trouble of all sorts mas
been less than in any other July tor
years.
Nor is the movement of products
hampered. Western receipts In July
have been 1S,S63,S26 bushels, against
1905. 1873 last year to date, and OF corn,
20, 4S5.251 against 9,173,355 last year.
even the latest week showing large
gains over last year. Exports from
both coasts were 1888, $50 bushels, -four
included. against 1888, last year.
Corn exports also continue surprising;
I1.6S4,521 bushels for the month thus
far, against 6,767,963 last year. In
spite of large foreign buying, cotton de-
clined to 6.12 cents.
Official returns make the iron out
put for the first half of 1899 only
6,2S9.16 tons, with decline in known
stocks outside the great steel compan-
les of 2SS,14O tons, and net exports
were probably over 100000 tons. While
the increase of steel companies stock
would probably make actual consump-
ton less than has been estimated, it is
much larger than ever before and yet
appears less than production in June,
while production has much increased
this month. Meanwhile no advance in
prices is significant, and a slackening
of demand in some important branches.
The heavy rise in prices naturally cuts
off much buying for an advance, and
retards buying for consumption. All
records are broken in the Connellsville
output Of 190,792 tons coke for the week
with 1854 ovens yielding and only ga
idle. Copper is strong as 1872 cents for
lake, with spot scarce and lead weak at
s455, but tin is quoted at $91.55, London
leading as usual
Manufacturers have been buying
much wool, it is stated, but less the
past week, although many are taking
sample bales. Goods are in fair de-
mand, but no further change in prices
is mentioned Sales in four weeks
haev been 1928, 800 pounds, which
3S,954,800 were domestic in 1897, with
new tariff coming, speculation took
46, 200 pounds, normal consumption
being about half that quantity. Cotton
goods are stronger for bleached, and
the general tone is good in spite. of
cheap cotton. Shipments of boots and
shoes from the east in four weeks have
been 394,379 cases, against 360,539 last
year, and in 1895, the nearest previous
year, 351,359 cases. Leather continues
strong and scarce, with continuation of
packers lifting prices of hides at Chi
cago so that many of the tanners are
putting that market.
Railroad business for July shows the
largest increase in any month this year,
l61 per cent larger than last year, and
l0.4 per cent larger than in 1892.
Failures for the week have been 151
in the United States. against 225 last
year, and 20 in Canada against 26 last
year.