The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-11-25
MONEY DEARER
ABROAD, But
EASIER HERE.
what Has Been Doiag In commsrulsl
and Tinancial Channels Dur
ing the week.
ENORMOUS SALES OF WOOL
Bsssamer Pig Advances as FlttI-
burgh, With Large Inquiries
for Next Yoa4

NEW YORK. Nov. sl.-R. q. Dun .
Co.'s weekly review Of trade tomorrow
will say;
Monetary anxisties have faded with
sales Of bonds to the treasury under the
recent ofrer, the fail In sterling e1-
change in spite OF deSrer money abroad
and easier here. and the receipt Of
about S7SO.OOO net from the interior dur
ing the week. There 10 no trouble In
the commercial money market, as there
has been none, and loans on securities
have ruled at easier rates. While the
extraordinary volume Of business
throughout the country requires great
or activity Of currency than In ordinary
times, there Is no indication that the
volume has not been ample all the year
and the course OF money markets
throughout tho interior shows that em-
barrassment here has been due to oper-
atIons outside industries and general
trade,
The Iron industry shows no yielding
in material, but a little advance in
Bessemer pig at Pittsburgh. with large
inquiries for next year. Prices Of rails
are maintained with one contract ro-
ported Of 10000 tons for Japan, and an
other pending for South Africa. A sim
gle order for car axles covers 5000 or
$500 tons. Structural prices do not
yield, and angles are quoted higher. But
works which have nearly or quite hlled
their orders are seeking others, with
concessions Of 50 per ton in eastern
plates, 81 in steel hoops and sheets and
in bars at Pittsburgh, while cut nails
are quoted 81 lower. The general ratio
Of prices for all finished products is
now 2.S4 per cent lower than November
1st, though the average for pig iron iS
per cent higher. Copper Is un-
changed. Tin has been depressed to
27ts by London speculation: lead Is un-
changed; spelter is lower, with sales at
81 40, and aluminium IL higher at Ss
cents for ton lots. :. =
Heavy orders in the past are reflect
ed by shipments Of boots and shoes
amounting to 2sl, ,212 cases in three
weeks, 1876 per cent more than in 1881
and 90 more than in 1894. with other
years still smaller. New business 10
checked by continuing rise in prices.
which have reached in some grades %
cents per pair advance.
wool and Cotton Goods,
Sales of wool passes all records, hav.
ing been at the three chief markets g.
ssl,2OS pounds in three weeks Of Nov
ember. whereas October sales in hve
weeks wer but ss,s14,sSO pounds, and in
only one other full month have sales
ever reached 6O,OOO0OO pounds. The
trading is largely between dealers and
gives no Indication Of consumption. The
demand for goods continues 80 large as
to encourage much buying by mills in
spite Of the advancing prices. Cotton
goods are rising also. and print cloths
have been advanced an eighth, u pro-
posed sliding scale at Fan River having
probably averted a strike, though at
other cities, higher wages are demand
ed. Cotton advanced three-slxteenths,
the decrease OF nearly $4,000 bales in
exports this month being more than
balanced by light receipts from plRuta.
tlons.
Wheat wearied spectators. with
scarcely any change in prices fos the
week, Though western receipts are 90
per cent below last years for the week,
and have been in three weeks but 1S,-
5s5,97S bushels, against 2s.Bl4.1Se last
year, the decrease in exports IL heavy.
From Atlantic ports the Outgo for three
weeks, -four included, has been only
7,7s1, ,1S1 bushels, against ll,265,1ES last
years. PacIGc exports for the three
weeks have been 2,::2 457 bushels,
against S,S7ssOS last year. SO slender
foreign demand in Atlantic markets,
with prices as low as they have been,
tends strongly to prevent a rise in
prices, and the exports OF corn also
have some influence, amounting for the
three weeks to 11,7ss,s4S bushels against
7,572,oS2 last year.
In spite of the great decrease In cot.
ton and wheat exports of merchandise
from New oYrk have been nearly tG-
100000 larger for the week than last
year, and for three weeks only about
$1,000 or 3 per cent smaller than last
year, when from all ports the value for
the month wns Sl29. 1871 ,9e5. the largest
ever known except in December and
the excess of exports was &777ol,lS7.
Apparently manufactured exports must
now be very heavy, although prices
have been rising, and the increase In
imports though about Il per cent for
the month. cannot reduce the favorable
balance greatly.
Failures for the week have been isi
in the United States against 1888 last
year. and % in Canada against 81 last
venr.