Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-23
DUN'S REVIEW or TRADE.


Dun & Co.'S Weekly Review Of Trade
will say tomorrow;
The reaction in the stock market is
not a sign of anything outside of the
signs OF reaction elsewhere. Such
signs have been hard to find. 1t has
been for months wonder that the de-
mand for products was sustained at
rates exceeding past consumption in
any year, Notwithstanding the general
rise in prices, but the demand does not
appear to abate, and the rise in prices
continues. A partial explanation is
scarcely any class Of products directly
consumed by individuals has advanced
as much as the wages and employment
of labor. With more hands at work,
more hours and at 10 to 10 per cent
higher wages, the gain in purchasing
power has been quite beyond the rise
of four per cent in boots and shoes this
year, or per cent in leather, 81 per
cent in wooden goods or 1913 per cent
in wool, and even beyond the rise of II
per cent in cotton goods, mainly due
to the rise of IS per cent in cotton.
But products used in manufacturing
and transporting have advanced much
more, because of the enormous increase
in volume of business done, and in an
= 1,n f.tf,
prices cause shrinking demand, other
things being equal but this year other
things are not equal.
Wheat exports fall little below last
years, but in three weeks, flour includ-
ed, have been S,656,S77 bushels from At
lantic ports, against 9,293,2S1 last year,
and 1927, 29S bushels from Pacific ports,
against 957,967 last year. But western
receipts have been 21,T59,S52 bushels,
against 23,O29,379 last year, and even
more impressive are the receipts of 49,
515932 bushels of corn, against 11,177,-
4S3 last year, and the exports Of 9,201,-
427 bushels, against 5,943,966 lastlyear.
Prices moved little either way until
Friday, when sharp advance made the
weeks gain INC. Further government
reports have been SO far credited abroad
that cotton has risen to 6.62 cents, but
it comes forward more freely than in
years of maximum crops.
When men pay So to S. per ton more
than the latest quoted price for iron
products in order to get early deliver
les, it is because delay is threatened on
works, or railroads, or bridges, vessels
or machinery, promising net profit
many times the cost of a small fraction
of the material In such circumstances
as in much of the reconstruction and
expansion now going on, present cost
counts for little compared with the
earning power of the finished product
in time like this. Bessemer and an
thracte pig are unchanged, grey forge
at Pittsburg, and Chicago and Southern
iron are higher, bars So per ton higher,
and plates SO per ton, and rails 81 per
ton. Most of the business is for next
year with premiums paid for more
speedy delivery.
Negotiations for consolidation of Fall
River cotton mills have developed
contest between those favoring local
or non-local management, with a new
selling angementannounced for other
plain goods as we'll as for print cloths
Prices Of prints have been cut 14c for
indigo blues, but otherwise the demand
is strong. The American Wooden Com
pany has announced that the whole pro-
duction of all its worsted mills has been
sold, which may give unexpected oppor-
tunities for other mills. Its contracts
for great quantity of new machinery
indicate a belief that within its field the
demand for goods will much exceed the
capacity of its works. Prices have been
firm, with wool somewhat stronger
since the general advance at London
sales. Sales at the three chief markets
were 13,443,S0O pounds.
Failures for the week have been 154
in the United States, against 173 last
year, and Is in Canada, against 16 last
year.