The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-28

NEW YORK. Jan. FIR. C. Dun &
Co.'s weekly review OF trade will say
Tomorrow:
The country rs In n stronger position
than week ago. Remarkable strength
In Its Industries Is nm important, but
not the chief element. Public confidence
In the business Of the country and in
Its securities has been tested to an un-
usual extent by the sudden fall in
stocks and the subsequent rise. Conf
dence in the value of wheat, corn and
cotton has been shown by the markets.
and at rising prices the world buys be-
cause 1t has to buy. The vast supply
or unemployed capital has been shown
impressively, and the new and start
ling independence OF foreign money
markets fixes attention. The lumber
movement Is unusually large for the
season. with prices OF low grade sharp
~ advancing. Railroad earnings and
tonnage have shown surprising gains.
treasury receipts are gaining, and u
vote on the peace treaty has been fixed
for February 6.
The weak points in the situation NAV
first be considered. Wool grows weak
er because forced by speculation a year
ago TO prices which the market for
Tor goods could not sustain, and has
been much embarrassed in trying to
sustain II ever since. Western bank
ers began to advise speculative holders
TO sell.
Goods are In much greater demand
because prices fairly proportioncd TO
the reduction of about 10 per cent In
wool since 4 year ago. have been made
In important openings. The sales of
wool are still small. manufacturers
buying at Philadelphia, where prices
are yielding. rather than at Boston.
where great efforts are made to sustain
them. but the goods movement for
heavy weights is still disappointing and
comparatively slow. Larger orders and
light weights keep many works en-
ployed. Sales for the week have been
6,403.400 pounds. and for four weeks
1889, 200 pounds against SO,42l,O70
pounds last year and 26,1iI.60O pounds
two years ago.
Cotton goods have risen on many
grades about 4 per cent on reported
qualities. against 80 per cent on raw
cotton. and the consuming demand Is
strong. .Ll
Iron and Steel.
Pig iron has risen In Chicago because
OF higher freights from the SOUTH, and
at Pittsburgh II shade for BesscmerI
and grey forge because OF growing de-
mand, but for the moment the rise OF
- per cent in pig is exceeded by the
rise Of 30 per cent in products. The
pressure for many products is such that
the works are able to make their own
quotations. and rails and bars at
Pittsburgh and wire nails have slight
ly advanced. The demand Is heavy In
all lines. covering 10000 tons of rails In
one contract for 4 southwestern road,
and many OF smaller quantity: 10000
bars and many for less quantity COW
ering 5000 steel cars for the Baltimore
G. Ohio, with other ship. Cur and mis-
cellaneous contracts: numerous bridge
contracts. with one pending from Can
ada and others from all parts of the
world; 10000 tons Of sheets at Pitts
burgh. with heavy business elsewhere
and Il general demand never surpassed.
Nails are advanced by the comblna-
ton. pipe works are crowded and nego-
tiations progress for their consolida-
tion. as also in bridge building.
Wheat has risen S cents, with much
buying, based on extraordinary cX-
ports from Atlantic ports for the week.
-four included. 3.Sl3,30l bushels. against
o.971 S33 bushels last year: from Pacific.
32l, ,255 bushels, against l,1S0,212 BUSH
els last week and from other ports
462,454 bushels
Reports OF injury to winter wheat
always come at this season. but count
for little when the farmers are selling
heavily.
Corn has advanced &c. although ex-
ports have been 11.5l3.S65 bushels.
against 130G1,47I bushels last year. and
the surprising continuance Of demand.
eauallins last years, seems TO be for
gotten But official trade returns show
that this one feature counts for mil
lions in the years excess of merchan-
disc exports.
Failures for the week have been 22i
in the United States. against 342 last
year. and SO in Canada, against 81 last
year. -.
Another Tin Plato Deal.
rYrrTSpJVprT po To oT-ho tn.