Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-01
DUN'S REVIEW or TRADE.

NEW YORK, June 30.-R. u. Dun
& Co.'S Weekly Review of Trade will
say tomorrow:
Failures for the second quarter of
1899 have been 1850 in number, against
3,055 last year, with liabilities Of $780,
259, 900, against $3.50, SOP, 252 last year,
and for the first half of 1899 failures
were 4,S52, against 6,766 last year, with
liabilities of $48, I'll, 900, against ST.
246,7S3 last year. Nearly half of the
June liabilities are due to M failure,
not strictly commercial, covering some
banking concerns, a promoter and a
railway equipment company for S.
1876, 900, in essential features a loan and
trust concern. With it banking fall
ures amount to $6,436, 600 for the half
year, leaving for commercial failures
$42,2 75,0 53, against S67,444,639 last
year. Manufacturing were SIC, 900, 900
for the half year, against $50, 76S, 144
last year, and trading were $23, coo, 900,
against $32, $50, 626 last year.
The demand for iron and steel
seems to have no limit. Scarcity Of
pig has raised the price q dollar a ton
for local coke at Chicago, s1.10 to
$19.75 for Bessemer at Pittsburg, and
$1.75 to SITS for grey forge, and 10
cents to S19.25 for anthracite No. 1 at
Philadelphia, with some iron selling
above these quotations at all points for
early delivery. Efforts to get foreign
fresh orders from Europe at last
weeks prices. Some furnaces have
started with contracts for their whole
years product, but others are yet de-
layed. Prices of pig average higher
than at any other time since March,
1891. BiElets are hardly ~obtainable,
bar and plate orders are refused quite
largely because works are overcrowd-
ed, sheet mills have much stronger
demand at the west but less at the
east, and structural works report 26,-
600 tons required in two new eastern
contracts. The continuing demand in
spite of rising prices astonishes every
body. Coke ovens, 1853 at work, put
out for the week ISL, S52 tons, the
heaviest weeks work ever known at
Connellsville. Tin is stronger at rs
cents and copper at Is cents for lake,
but lead is dull with hope of an end
to the Colorado strike.
Another industry passes all records,
boot and shoes shipments from the
east, o. ,S13 cases, exceeding those in
any other month of any year for four
weeks, and the demands for speedy de-
livery show enormous distribution in
all directions. New orders are large,
and several months ahead. Wool,
sales, $40, 900 pounds, Of which 30
S65, 900 were domestic. reveal a specu-
lation scarcely less obtrusive than in
1897, when II, 197, 900 pounds were sold
in the same weeks. against 23, 768, 200
in 1892, when the mills were well en-
ployed. Cotton mills are doing well.
Wheat receipts at the west in four
weeks have been 1851, $50 bushels,
against 4,111,625 last year. and western
receipts in June have ranged between
5,794,52S bushels in 1894 and 9,551,278
in 1896. Beyond question the farmers
and the spectators and elevator own
ers in farming regions believe that
about so tents here is as much as the
old wheat will fetch, although exports
have been for four weeks S,949, 1898 bush
els from Atlantic ports, against 15.012;-
6S7 last year, and 2,445, 749 from Pacific
ports, against 1929, 709 last year. 1t is
not surprising that with such receipts
the price has dropped 11ac, and corn
also fell &c with exports in four weeks
11,4S5,596 bushels, against I2,076. 7o3'
last year.
Failures for the week have been fsl
in the United States, against 254 last
year, and p in Canada against Is last
year.