The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-05-27
SAME STORY
BEING TOLD
OF the Volume OF Busincss..-In.
crease Over Sixty Per Cent
Larger Than 1898.
THE FEARS 0E THE TlHgn
THE FEARS OF THE TINED
Havcno Other Source Than the
Habit OF Ecnr...Thc Indus.
tries are Booming.

1 (. NEW YORK, May 2G.--R. G. DUN q
Co.'S weekly review of trade will say
tomorrow:
There Is some fear that has no other
source than the habit OF fear. Men have
found for 30 many years disaster tread
ing on the heels OF apprehension that
they lack faith In good things present
and TO come. Every year there Is worry
about short crops, and yet the crops
grow larger. The spectre of monetary
| trouble haunts men who know that the
country is strong beyond nny need.
Promoting methods alarm men who are
really quite aware that It is only need
full to put promoted stocks In clnss
by themselves. But oil the time the
volume of business Is rising, and the
weeks payments through the chief
clearing houses are G2.1 per cent. larger
than last year. and ESQ per cent larger
than In 1892. For the month thus far
the daily average Is $40 per cent larger
than last year. and 6G.4 per cent larger
than In 1892. Moreover this week and
every other brings larger wages to
many and Increased purchasing power,
and the demand for products is conse-
quently expanding In all branches Of
consumption.
Demand for Pig Iron.
| The rise In Bessemer pig Iron to SIT 65
Mt Pittsburgh. 81 In two weeks In grey
forge TO SIS 25 In anthracite No. / here
to SIG rs, and in local and southern iron
at Chicago, results directly from the
fact that supplies are for the time less
than the demand. Many more furnaces
are in haste to begin work, some sue
ceeding, but others hindered by difficult
ty OF getting prompt deliveries OF
needed parts Of machines or promptsup-
plies of ore and fuel. The natural rem
edy that new orders now call for less
work than was done in April or March
Is for the time hidden by engagement
Of nearly all concerns for months ahead.
The largest and best works are catch
Ing up with their orders, though much
behind and obliged to refuse many or
ders, while others are entering the field.
1t Is proof Of an astonishing demand
that after nearly five months this con-
| geston continues, and the rise in prices,
including advances of S2 per ton In
plates and bars are not forced or un-
natural.
Minor metals have followed London
so long that tin sticks ut 25.G5 cents,
though stocks are large and the demand
Is remarkably poor, and lead at 4.4j
cents. though the demand Is slow, while
copper weakens to 1Sli cents for lake.
British statistics Indicate fall of
nearly quarter in consumption for
four months this year compared with
last.
Heavy Wool Salcs.
The heavy sales Of wool, 30,054, 900
| pounds, at the three chief markets in
three weeks. against 2O.7SO.SoO for the
| same weeks in 1897, when the disastrous
speculation Of that year hxd begun to
turn, and l4,2ls,15O In 1892 nro mostly
to spectators, as manufacturers nre
not doing scarcely anything. Weeks
ago they held that prices were too high
even after some decline from the prices
at which goods closed could be sold.
But western and eastern spectators
lave settled 1t that the manufacturer
| will be forced to buy at such prices as
they may fix and are taking large guam
| titles.
The cotton mills have n fairly good
demand after n considerable advance in
prices. and are producing largely. The
! material has been steady at 6h cents,
with no ground to expect much change,
and the best reports indicate n decrease
in acreage Of per cent.
Wheat advanced 2 cents, but lost
nearly all the gain on Friday Western
receipts have fallen to about half of
last years. and exports in four weeks
from Atlantic and Pacific ports have
been 1O,59o.l6S bushels. flour included,
against 13,c9l.SS2 last year, while the
northern lake ports have sent out 7,92o,-
O37 bushels.
Things to Rcmcmbcr.
But men forget that the foreign de-
mand, II not as large us It was last
year, with famine impending, is much
larger than In the same weeks of 1897,
when wheat exports We're only 5,7Oi.S34
bushels. and also forget that the Letter
speculation caused Il wholly unnatural
May movement last year for the west
crn receipts In the past four weeks,
9,2S8.665 bushels. compared with 1906
255 last year, but 9.G9l,57o In the same
weeks OF 1897, and reserves In that year
were not especially reduced, but closed
quite large enough. Corn exports,
though only 1o,267,6G2 bushels, against
2o2S5.Os7 last year, were also but $780,
o9l In 1897.
Failures for the week have been 142