The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-01-07
STILL ON UP GRADE.
The Year Begins with the Kind Of
Business Demand that Counts.
Crowding Demands for Finished
profucts

.Crowding Demands for Finished
Products.
NEW YORK, Ian. 6.--R. G. Dun &;
Co.'S weekly review OF trade will say
tomorrow:
The year begins vita the kind OF
business demand that counts. For
months there has been rising demanL
for materials, but now the crowding
demand for finished products begins 10
advance prices. in the iron and steel ir
dustry about ! per cent without quot
able changes in pig except at the east.
Beams have advanced - per ton. angles
81, bars ST. aud plates are strong With
an Australian order for $1,000 tons re-
fused al Chicago because the works are
already ove-crowded Many thousand
cars are covered bS' orders at Pitts
burg1. 10000 tons bars are taken for ag-
ricultural works at Chicago, 100000 tons
rails are taken BY the Pennsylvania
company. the Midland railway company
OF England, has ordered twenty locomo-
tives from the Baldwin works and
many other home and foreign orders
reported, The demand has never been
areater at the beginning OF the year
than K Is now
The wooler manufacture is sngularls'
embarrassed. While 100 quotations of
wool by Coates Bros, OF Philadelphia,
average iS.0Gc against 20Tlc wear ago.
the market Is gradually yielding. be-
cause people appreciate the magnitude
OF stocks Oh hand. which the Boston
Commercial Bulletin reports at 29l .000,-
lie T..
100000 pounds for the year. Obviously
this means q grca: movement from the
farms to millers stocks and eastern
markets. but prices are not yet low
enough to encourage large buying or
consumption OE the manufacturers. The
only heavy weight goods yet opened arr.
at reduced prices. as had been expected
and 1t is Sttff uncertain how far the
trade for the coming season may prove
satisfactory. Cotton goods are In fair
demand, with cotton at 5.S7c and while
nobody can guarantee that Che price
will not 40 lower. II Is believed by COM
petent observers that the market for
goous is so far relieved OF accumulated
surplus that prices are not likely to de-
cline materially, even II cotton falls.
The movement OF cotton thus far in
dfcates crop over 3o0. 900 bales larger
than that of last year In spite OF oil
natural disposition and concerted efforts
to hold 1t back. Az producers are not
this Year In unusual need, a movement
so heavy hinders any advance in price,
although tahings OF spinners have
been as large in 1898 as IN any other
year and exports larger than before.
The wheat movement has to sustain II
the largest foreign demand movement
ever known for wheat und corn TO-
gether. and Atlantic exports OF 5.2i4.428
bushels -four included. against 2.S40.31S
last year. with Pacific exports OF 614.S31.
against s72.4i6 last year. would give
some reason 10 anticipate higher prices
were not the western receipts 4,l01 ,53o
bushels, against o,S76072 for the same
week last year. The wonder is that the
Foreign demand for corn continues so
heavy, 3.519,4l2 bushels having been ex-
ported In this week, against 2,954. $50 in
the same week last year.
The country is on the upgrade and
the men who expect 1t to take the
downward road have yet some time to
wait. There are no Indications OF the
reaction which always follows a large
and rapid business recovery, and ex-
isting conditions In the Industries and
IN foreign trade by no means forbid the
nope that the increase may continue az
1t did after the revival in 1879, for sew
erai wears. Exports compared with I'M
ports continue 10 indicate an enor,Dous
balance In cash due this country and
gold imports begin again.
Failures for the week have been o42 in
the United States against 800 last wear
ana twcntE-four In Canada, against