Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-05-27
DUE'S RblIEW lR 1RlDR.

New York, May 26.--R G.. Dun q
Co.'S Weekly Review OF Trade will say
tomorrow:
There is some fear that has no other
source but the habit of fear. Men
have found for so many years disaster
treading on the heels Of apprehension
that they lack faith in good things
present and to come Every year
there is worry about short crops and
yet the crops grow larger. The
spectre of monetary trouble haunts
men who know that the country is
strong beyond any need. Promoting
methods alarm men who are really
quite aware that it is only needful to
put promoted stocks in class by them
selves. But all the time the volume of
business is rising and the weeks pay
ment through the chief clearing houses
are GIL per cent. larger than last
year and $50 per cent larger than in
1892. For the month thus far the
daily average is 57.9 per cent larger
than last year and 664 per cent. larger
than in 1892. Moreover, this week and
many other brings larger wages to
many, and increased purchasing
power and the demand for products is
consequently expanding in all branches
OF consumption.
The rise in Bessemer pig iron to
$3.50 at Pittsburg, So in two weeks
In grey forge to S15.25 in anthracite
NO. here to S16.75 and in local and
southern iron at Chicago results direct
ly from the fact that supplies are for
the time less than the demand. Many
more furnaces are in haste to begin
work, some succeeding but Others him
dered by difficulty Of getting prompt
deliveries of needed parts of machines
or prompt supplies of ore and fuel.
The natural remedy that new orders
now call for less work than was done
in April or March is for the time mid
den by engagement of nearly all con-
Germs for months ahead. the largest
and best works are catching up with
their orders, though much behind and
obliged to refuse many, while others
are entering the field. 1t is proof of
an astonishing demand that after near
ly five months this congestion con-
tinues and the rise in prices, including
advances of So per ton in plates ana
bars are not forced or unnatural.
Minor metals have followed London
so long that tin sticks at 1856 cents
though stocks are large and the de-
Eand is remarkably poor, and lead at
4.45 cents though the demand is SOW,
while copper weakens to 1S1ac cents
for lake, British statistics indicating
fall of nearly a quarter in consump>
ton for four months this year compar-
ed with last.
The heavy sales of wool, 30.954,000
pounds, at the three chief markets ip
three weeks against 20,T80,500 for the
same weeks in 1897. when the disas-
trous speculation Of that year had be-
gun to turn, and 1922, $50 in 1892, are
mostly to spectators as manufacture
ers are doing scarcely anything. Weeks
ago they held that prices were too
high even after some decline for the
prices at which goods closed could be
sold. But western and eastern specu
lators have settled it that the manu-
facturer will be forced to buy at such
prices as they may fix and are taking
large quantities.
The cotton mills have a fairly good
demand after a considerable advance
in prices and are producing largely.
The material has been steady at Ga
cents, with no ground to expect much
change, and the best reports indicate
a decrease in acreage of per cent.
Wheat advanced two cents, but lost
nearly all the gain on Friday. West
ern receipts have fallen to about half
of last years, and exports in four
weeks from Atlantic and Pacific ports
have been 1880. 16S bushels, -four
included against 13,691,882 last year,
while from northern lake ports 1926
037 bushels have gone out this year.
But men forget that the foreign de-
mand, if not as large as it was last
year. with famine impending, is much
larger than in the same weeks of 1897
when wheat exports were only 5.704 ,334
bushels, and also forget that the Letter
speculation caused a wholly unnatural
May movement last year for the west
ern receipts in the past four weeks,
9,280,565 bushels, compared with 49,
1862 last year. but 1851, $50 in the
same weeks Of 1897, and reserves in
that year were not especially reduced,
but closed quite large enough. Corn
exports though only 10,267, 662 bush
els, against 20.2S5.097 last year, were
also but 9,360,091 in 1897.
Failures for the week have been 142
in the United States against 245 last
year and 16 in Canada against q last
year.
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