The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-06-10
RISE in PRICES
NOT EQUALLED
In any Other Week of Many
Ycars...Thc Big Advance In
the Iron Products.
SOME QUOTATIONS FICTITIOUS
AS Deliveries OF Goods arc on
Prices Fixed by Orders Ac.
ccptcd Months ago.


NEW YORK, June 9.-R. G. Dun &
Co.'S weekly review of trade tomorrow
will say:
The past week has brought rise in
prices not cQuulled In any other week
Of many years. Iron products have I'D
vanced $50 per cent In week and pig
iron AS per cent following advances OF
per cent In pig and per cent In pro-
ducts during May. Cotton has ad-
vanccd per cent and cotton goods is
per cent during the week, with wooden
goods s. per cent and boots and shoes
per cent.
A little reaction OF per cent appears
In leather and per cent in hides, but
the characteristic Of the time Is that
expectation Of higher prices induce
buying for In advance of requirements
for consumption. 1t IS needless to say
that this Is q symptom Of danger and
the most conservative manufacturers,
especially In iron and steel have striven
to avoid 1t, but actual inability to de-
liver products demanded leaves them
little power, while speculation In wool
and other lines Is running away from
consumption. 1t Is Il saving feature
that quotations are quite largely ficti-
tious.
Fictitious Quotations,
Almost all the goods now being deliv-
cred or produced in some Industries are
on prices fixed by orders accepted sew
eral months ago. and nearly all tho iron
works being thus tied up. far ahead, the
prices quoted indicate not at all what
they are getting. but what they see fit
to usk as way of refusing orders
which they cannot accept, or else the
bids OF impatient buyers who can find
nobody ready to deliver large Quanti-
ties. During the past week quotations
have risen for anthracite No. l to SIT 80
for Bessemer. to SIS so ut Pittsburgh
for grey forge, to SIC 25 for billets with
practically no sales. to S31 for bars, 81
per ton, for plates and sheets US much,
for rails to sec. for structural beams
and angles, IS per ton, md for wire
nails 20 cents per keg. But there are no
accounts Of large transactions at these
or any other prices though small sales
OF pig last week for Italy and this week
for Bremen at market prices with Ger
man offers for 10000 tons southern pig,
Indicate that needs abroad are quite as
great as they are here.
Textile Industries.
While there is q better demand for
woolen goods SO that prices OF some
have advanced 1t Is not yet possible to
distinguish heavy speculative opera
tions In wool at Boston from efforts OF
mills to buy. The prices current In all
wool growing sections are so high as to
prevent sales In eastern markets to con-
sumers and traders who believe that
mills will presently be forced to pay
higher prices are taking the Same risk
they did In the winter OF 1897, not real
izlng the size OF stocks held. The cot
ton market has advanced q sixteenth
without other reason than the great de-
mand for goods. but stocks OF cotton
here and abroad are heavy and the
Financial Chronicle estimates de-
crease of only 32 per cent In acreage.
Goods are selling largely and prices of
glnghams and prints have advanced.
Grain Market.
After some advance wheat suddenly
declined cents, closing lower for the
week. Against all account, of injury
IS the solid fact that western receipts
We're 5.049.19+ bushels for the week
against l.47Tei5 from the great crop Of
last year and ut current low prices such
receipts would be inexplicable II grow
ers really expected n short yield. EN-
ports huve declined. being only 1.s49.373
bushels. flour included from Atlantic
ports against 4,20a.2 last year. and 623.-
400 from Pacific ports against 2532l3
last year. but even us to future foreign
demands this is not strong evidence.
The estimates OF reduction in yield nre
weakened in marked judgment by GER
tainty that spring wheat acreage Is un-
known and may exceed expectations
and that the prospect In spring wheat
states Is excellent. Corn hns shown
unusual independence, scarcely chang.
Ing In price with exports 2,S04, 900 BUSH
els against 4.l34.6i1 last year.
For the current week failures have
been 159 In the United States against
2O3 last year and 10 In Canada against
II last year.
Forty-flvc Injured.
KANSAS CITY. Mo-. Jrne n-Ro.