The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-12-09
THE ACTUAL
DEMANDS FOR
CONSUMPTION
Have Run Far Beyond the Producing
Capacity, Pushing to Re-
markRble Expansion.
DUN & CO.'S WEEKLY REVIEW.
Prices Of Pig Iron Strongly Main
tanned : Output for First
Half Of Next Year Sold

NEW YORK. Dec SIR, G. Dun a:
Co.'s weekly review OF trade tomorrow
will say:
"The approach Of q new year usually
brings 50 much OF hesitation that the
small shrinkage this year is surprlHlng.
Probably never before have the produce
tive forces Of the country been 80 large
Iy covered by contracts at this date,
ensuring employment and profit far
into the coming year. This results. not
from any mere speculative excitement.
but from actual demands for consump-
tlon running tar beyond the producing
capacity heretofore. and pushing 1t to
remarkable expansion, The increase In
foreign trade has been Insignificant
compared with the increase Of 24oOO.-
100000 In payments through clearing
houses, For the week the payments
have been 2O.S per cent larger than last
year and ss.1 per cent larger than in
1892,
Prices OF pig iron Gre strongly main-
tained, though extraordinary efforts
promise increase OF over quarter in
producing capacity within a year. be-
cause the entire output of most fur
naees for the first and in part of the
Inst half Of next year has been sold al
ready.
"sheet bars are SHADE lower, owing
to the closing Of many tin plate works.
Demands for cars and other railway
equipments are enormous, and also for
shipping. both lake and ocean. Tin Is
weak at 271s cents, and copper declined
to 1914. but lead and spelter are
stronger.
Hides are again stronger at Chicago
although IeceVSts Of cattle at the four
chief western aarkets in eleven months
have been . per cent larger than in the
previous year. as the demand for con-
sumption in manufactures has evidently
Increased much more, Thus western
production Of boots and shoes has gain-
ed more than eastern, and vet ship-
ments from Boston for the year have
been $4,000 cases, or 9.s per cent more
than last year, and $4,000 cases or 27,s
per cent more than In 1892, when cat
tie receipts were rs per cent larger than
this year.
"wool has advanced further. with
much speculative buying, though most
manufacturers have supplied wants for
the present, and are less disposed to
purchase at price now averaging higher
than at any time since June IS, 1891.
Higher prices demanded In the interior,
and rising prices abroad, give conh-
dence in spite of the fact that goods
have advanced from the lowest point
this year only 1872 per cent,
"Cotton is weakened by accounts Of
large quantities held back, and has de-
cllned an eighth, but reports are sutti-
clently conflicting to make speculation
active, notwithstanding the decrease Of
$4,000 bales or 29.4 per cent In exports
for three months Of the crop year. TAX
ings Of spinners have been large, the
demand for cotton goods is heavy and
covers production far ahead in many
lines, while fears OF important strikes
have been dlspelled by general advance
OF wages.
Wheat has risen cents, and corn
fraction, with decline in western re-
cespts OF both. Atlantic exports Of
wheat for the week, flour included, were
only s,s59,s77 bushels, against 6,sSS.7SI
Inst year. and Pacific exports, sss,17s,
against 556,52S last year.
Failures for the week have been 2et In
the United States against 2is last year,
and 80 in Canada against % last year.