The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-09

SKY CLOUDLESS
AND FAVORABLE
For a Brighter Future..west and
South Have no Favors to
Ask OF New York
AS TO LENDING OF MONEY
To Move crops..wheat Takes a
jump : The Boom =
Iron and Steel.

NEW YORK, Sept. s.-R, G, Dun q
Co.'s weekly review Of trade tomorrow
win say:
The sky Is still oloudless and no dis
quletIng change has come during tho
week, In spite of more warllke news
about South Africa, the Bank Of Eng
land behaves as if tho worst possible
had been fully provided for and this
country has no reason to fear trouble
fro mthat source unless English mars
kets have been so overloaded as to
need help. The marketing OF domestic
products, both farm and manufactured,
continues surprisingly large for the
season. The new possessions taken to-
gcther are returning in revenue already
moro than It costs to clean and govern
them. The west and south still behave
as IL 1t would be impertinent for New
York to offer money for crop moving,
and are still bidding for commercial
loans here. Failures are few, strikes
scarce and readily settled and the pass!
age of September / without pressure
means reasonable safety for months
ahead.
Grain Market.
After sharp decline wheat has risen
a quarter of a cent this week. with
Atlantic exports 2,OOO,e6s bushels, flour
included, against 2,s25,1OO last year, and
Pacific exports a2l,25s, against 16s,1s2
last year. Corn has also taken start
upward, rising three-quarters of a cent,
with exports of S,O51,5e1 bushels against
2,4Sl,OS5 last year So great demand
for both grains deserves notice, but so
do western receipts, 5,545,ss7 bushels OF
wheat, against 6,774,6l1 last year, and
OF corn 5,923,4s7 bushels, against 4,20s,-
s52 last year. There is no hesitancy In
selling or in shipping; with extraordIn-
ary foreign demands for the season the
farmers are sending forward at re-
markably low prices extraordinary
quantities of grain.
Iron and Steel.
Neither philosophical explanations OF
the rise in Iron and steel, nor constant
addition to the number OF furnaces pro-
ducIng checks the advance, which has
made Bessemer pig sell for ;2a at Pitts
burgh, grey forge for $40 70 there, an
thraclte No. l for $2s 50 at Philadelphia
and local coke for s2l 50 at Chicago.
with the whole output OF Its furnaces
sold ahead for the year the Valley as
ISOLATION demands S2S 65 at Pittsburgh
on future contracts, and Chicago is
selling mainly for delivery next year.
Finished products are advanced in
some cases IS per ton at u time with
out checking the demand as for sheets
at Pittsburgh, with plates advanced Sc
and wire nails 50 per ton. Large con-
tracts even at these prices are reported,
many running into next year, at Chi-
cago and Pittsburgh, in bars and in
plates at all points, with 5000 tons Of
western and large eastern bridge con-
tracts taken by works four to i've
months behind already, and inquiry for
% miles Of pipe for South Africa pend
ing.
Tin is strong at S2H cents for spot,
with 1885 tons decrease in all visible
supply. Lake copper is steady at 1s1S
cents, with heavy buying for electrical
use, and lead is quiet at 500
Wool and Woolens.
Preparations for other woolen COM
blnatlons AFFECT the market for goods
somewhat, which Is nevertheless strong
although some Irregularities have de-
veloped In worsteds. The wool market
is much less active than of late, with
sales Of only 9,225,2OO pounds at the
three chief markets, mostly territory.
and while prices are stiff manufacture
ers are buying for immediate needs,
Quotations for the week are unchanged.
but holders are confidently looking for
a large advance to result from the Lon
don sales.
Failures for the week have been 132
in the United States, against 1sl last
year, and 80 in Canada, against ls last