Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-15
DUN'S REVIEW OF TRADE.


NEW YORK, July AR. G. Dun &
Co. S weekly review Of trade will say
tomorrow:
Because every prospect pleases, it is
the right time to watch most closely
for signs of trouble But it is not easy
to find them when the volume Of bust
ness is 63.7 per cent larger than last
year and 1916 larger than in 1892, the
best of all years except the last, or
when failures continue the smallest
ever known, or when the exports of
staples begin to improve materially, or
when railroad business is by far the
best ever known, or when New York
benkers appear in international oper-
atoms listening to a Russian inquiry
and undertaking a Iexican loan. Even
the Industrial disputes incident TO the
season, cause less trouble than usual,
the largest of them having been set
tied Thursday by the tinplate company.
The Bank Of England finds it difficult
to borrow money from this side, and
frankly raises its rate while this coun-
try begins to ship fresh crops for
which Europe will run into debt
Iron production in the first week
of July was 263,363 tons for the past
two weeks less because a strike July
l closed seven Shenango furnaces pro-
ducing 1890 tons daily. though it is ex-
pected to end to-day and several other
furnaces have begun production this
month The increase of 1901 tons
weekly in June, with a decrease of So
400 tons in the unsold stocks not of the
great steel companies, implies a pro-
duction of about 1,12S,690 tons in
June. Consumption would be 100000
tons, and in the half year 6,S44,2l5, but
for the fact that steel makers have
stocked heavily against orders running
through most of the year, drawing
from outside supplies, so that con-
sumption may prove only 100000 tons
or even less. Prices are climbing, but
only for the trifiing surplus not COW
cred by contract, so that quotations
represent but an insignificant part OF
the actual business. 1t is of more i'm
portance that new orders. though very
many, seem no longer equal to the
weekly output, except few branches,
while furnaces and other work practi-
caly abandoned for many years are
being started again.
Copper is a shade weaker at 1SAc
for lake, government reporting the out
put in 1898 as 526, 375, 391 pounds. Tin
is strong, with London speculation at
S2S25, and lead is advanced by the
smelling company TO S455. The largest
shipments of boots and shoes in any
year for the season, ESQ cases, in
two weeks, greater by ia per cent
than last year, Sc per cent than in
1897, and 294 per cent than in 1892, re-
suit from very extensive pressure 10
anticipate orders for August or Sep
TENDER, distribution far exceeding ex-
pectations, but there are reported with
such appeals not nearly as large
though numerous duplicate orders.
Hemlock sole leather sells largely,
but some kinds slowly. with slight
yielding in prices.
Though cotton is steady in spite Of
Texas floods at 6.19 cents and the gen.
eral demand for cotton goods is full
and sllstains prices reduction of Y a
cent in some fancy prints is reported.
Larger distribution is expected this
month and export demand increases.
In wool a great speculation is in pro-
gress, sales in two weeks reaching
22,261, 100 pounds against 24,572, 800 in
1897, when the buying was to anticipate
new duties. 1t is worth noticing that
no purchases by manufacturers are
mentioned, save one for 400, 900 pounds,
though there is much calculation that
"the manufacturers must buy" at any
price asked. Western frenzies some
times make eastern markets. but as a
rule consumers make prices in the end.
In striking contrast with official and