Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-08-19
DUN'S REVIEW or TRADE


NEW YORK, August 1S.-R. G..
Dunn & Co.'S weekly review Of trade
will say tomorrow:
The Cramps have discharged many
hundred hands and ask Russia to ex-
tend time for completion of two war
ships because they cannot get steel.
Completion of twenty-one out OF thirty
seven vessels building in the Delaware
is also affected. It is a curious exper-
fence for this country. but shows the
gigantic expansion of home demand.
No one can question the fact that pay
ments through the principal clearing
houses have been in August 55.9 per
cent. larger than in 1892 for the month
thus far, and outside New York. $50
per cent. No better test of the volume
of business is known. but there is
growing handicap in advance OF prices.
How long and how far this advance
can go without reaction is the prob
lem which level headed business men
are studying. Evidences of checked
consumption are rare but it would be
childish to hope that at some points
higher prices would not hinder buying.
In iron the question is of steel bill
let's, which the great consuming COM
panies have bought far in advance, so
that all new orders have a narrow
market. For six months billets have
sold at 81 to Sc higher than the rails
made from them. Other demands, not
covered by contracts, are mainly for
various shapes and sizes only pre-
scribed in contracts.
While prices have risen % cents for
southern pig iron, so cents for Chicago
local coke, and rs cents for grey forge
at Pittsnurg, rails have advanced 81
per ton, with work covered for all this
beyond what can be delivered until
next year. Other finished products do
not change, although the demand at all
points exceeds present capacity. Cop
per is steady at 1870 for lake, with
production for July 1883 tons domes-
tic and 1890 tons foreign. Tin is low
er at 30%c and lead weakens on the
stoppage of the smelters' strike. Cot
ton rose week ago to 6.50c, but has
fallen to 6.19c, Mr.. Neill having esti
mated the coming yield at II ,205,000 to
100000 bales. Official and other esi-
mates are all much smaller, but the
men who judged rightly year ago
have the floor. Consumption here and
abroad has been very large, and prices
of goods are rising while cotton falls,
and stocks carried over must also be
large, but will be less than present re-
turns indicate. For wool, Coates cir
cular for August LIST still holds good,
although inside quotations are often
made.
Sales for three weeks have been 28,-
$4,000 pounds against 13,996,500 last
year, 3S,kS0,305 in 1897, and 23,365,400
in the A0e weeks of 1892. Goods
have advanced farther, especially in
casimeres, cheviots and cotton warp
cashmeres, and the tendency is upward
in nearly all grades. Wheat has adj
vanced about a cent during the week,
with Atlantic exports only 2,363,302
bushels, flour included, against $685.
$50 last year, and Pacific exports 951,-
1929 bushels against 75,400 last year.
Western receipts have been only 3,212,-
III bushels against 1868, 229 last year.
1t is a question whether the smaller
receipts are due to recent changes in
crop prospects, giving holders of grain
a better outlook. Exports of wheat in
three weeks have been from both
coasts, -four included, 9,973,764 bushels,
against 10,114,246 bushels last year, and
COG bushels, against 9,015, 1870 last year,
but it is also significant that corn has
risen &c, with receipts of 3,026,692
bushels for the week, against 1914, 1872
last year, while the exports have been
4,O34,302 bushels, against 2370,302 last
year. The figures clearly do not indi-
cate material decrease in foreign de-
mand on the whole, although for wheat
1t is somewhat smaller than appeared
In July.
Failures for the week have been in
the United States 156 against 154 last
year, and in Canada d against II last
year.
TINHhI0T NsID TDNDr