Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-05
DUN'S REVIEW or TRADE.

NEW YORK, August 4.R. G. Dun
& Co, in their Weekly Review OF
Trade, will say:
July failures have been smaller than
in any month of which there is record
excepting May, and trading failures
smaller than in any other month.
Surprising contrasts are shown by
comparison of small with large fail
ures in different years, and in no class
of business, without some large fall
ures not attributable to present in
fluences, does the aggregate equal the
average of the past six years. London
again recognizes the financial power OF
this country. The Bank of England
virtually admits that it can not draw
from New York the gold it needs; ex-
change moves to the importing point;
over 81 600 900 starts from Sydney to
San Francisco; London's net buying
of stocks has been 10000 shares, and
bills against produce to be shipped are
very heavy.
This describes revolution in finances
not unlike that in industries, Europe
searching fer wool here at so cents.
secured, and for pig iron at $50 per
ton. A vast demand for both materials
has fallen upon the commercial world,
which this country alone appears able
to meet for its own needs Wool ship
ments from Australia have been sur
prisingly little below those of last
year, but Europe talks of a wool fam
inc, while this country has on hand a
years consumption Of more beside this
years clip, and prices are not yet as
high as they were in February of last
year when stocks were many million
pounds larger. Cheviots and some other
goods are higher. But the average has
advanced slightly less than the price
of wool. Cotton goods are unchanged
in price, with cotton still at 6.12 cents
heavy surplus stocks rendering crop
uncertainties powerless to effect an ad-
vance.
Scarcity of Bessemer pig has caused
two steel works at Pittsburg to stop a
day or two, and $21.25 to $21.27 has
been paid for 10000 tons, with SITE
for grey forge, and rise Of so cents
in local coke at Chicago. 1t is no lon
ger a question whether enough can be
had after while, the amount is nearly
supplied. Orders for plates and struc-
tural work are refused at most points,
mills having work far ahead and for
sheets also at Philadelphia, though
new and large mills make things easier
in plates at Pittsburg.
Bar iron is in great demand instead
of steel, being SO and 81 cheaper and
new eastern mills get all the business
they want. The magnitude of the de-
mand in spite of the high prices, is
everywhere a surprise.
Once more Connellsyillee eclipses it
self with only $50 ovens idle, and 49,,
Sal tons coke produced for the week.
Tin was raised by London to breaking
point, SO cents here being followed by
31%c, but copper was firm, at 1812c for
lake, though the London visible sup
ply reached $1,000 tons, the largest
since 1887. Lead was quoted AGO cents.
Orders for boots and shoes are not So
large as they have been and yet are
numerous enough to make a good ag-
gregate.
Wheat weakens, yielding one cent
with the astonishing receipts at the
west, 41343e3 bushels for the week,
against 3,199,543 last year, and $685.
1S9 bushels since June against 10,50S,-
S76 last year. Atlantic exports for the
week, 3,765,787 bushels, -four included,
against 3,026,731 last year, and 12,121,-
$40 since June, against 10,354951 last
year, continue to support hopes os
great foreign demand, with Pacific ex-
ports for the week, $4,000 bushels
against 614,916 last year. Not less
potent in that regard is the shipment
of 1908, 497 bushels corn for the week,
against 1,754,347 last year, and 1885,
01S bushels since June, against $780,
80 last year.
Failures for the week. have been 1872
in the United States, against 1876 last
year, And % in Canada against Il last
year.