The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-03-11
IN GENERAL RISE OF WAGES.
Tho Increase Puts in Market a
New Buying Demand.
THE VOLUME OF BUSINESS
For tho First Week OF March 10 Over
Fifty Iper Cent Greater Than tho
snmo Period Last Year Produc-
tion Of Pig Iron AGcoted by tho
Weather Extraordinary Advance
in Prices Exports of Wheat Com
tinuo to bo Largc-Corn Holds it's
Own.

tinue to bo Largc-Corn Holds it's
Own.
NEW YORK. March 1o.-R. G. Dun &
Co.'s weekly review Of trade will say
Tomorrow:
BY far the best assurance of good
business in the future Is found in tho
general rise In wages. The general ad-
vance In earnings Of cotton mill opera
tives, In most cases 10 per cent: iron
and steel workers generally 10 per cent.
and tin plate and sheet workers from s
to 10 per cent and OF coal miners in.
some large districts. about MS much has
set pace which most establishments
will follow which hnve reduced wages In
tho past years Of depression. Those
who fail to comprehend what such q
change may mean have only to con-
slider that u tenth increase in tho wages /
Of all labor would put into the markets
u new buying demand. In amount about
three-Quarters Of the entire value of,ex-
ports to all countries. /
The volume of business shows no
signs of decrease, and for the first fultI
week Of March has been about 51.7 per
cent greater than in the same week OF :
last year and 900 per cent greater-than
In 1892.
Advance in Iron.
Most people would not expect the.pro-
duction of pig iron to be affected by tho .
weather. Yet in the Pittsburgh district /
alone the furnaces running are said to-
haze produced $4,000 tons per week less |
than the January output, 30 that the (
decrease In weekly production of all /
furnaces 22S.19l tons March 1st. against
237 7,C39-February lst. does not mean any
thing more than bad weather. \
The shrinkage OF supplies Of iron in
February just when increased supplies
were expected and needed contrib
uted much to the extraordinary ad-
vance In prices, 81 rs in anthracite No. 1
February i. So so in Bcssemer pig at
and 81 rs in grey forge. The
ruary 46.431 tons. SO that the apparent
was 977,979 tons In the
short month. Nearly all the work done.
of course, Is at the comparatively low
prices made in the great contracts
three to four months ago. but the few
works which are still able to contract
for early delivery are charging about
what they please, and these quotations.
appear in the published statement
Dig Premiums Paid.
In many cases 81 to IS per ton prem-
ium is paid for delivery within sixty
days.
Plates are In especial demand and
higher, but in rails. bars and structural
forms the demand and prices are not
yet much changed. Tin is firm at,
23.S5 cents with consumption of $500
tons monthly. and copper Is scarce for
spot at 17.75 cents. with lead weaker at
4.3O. The trust refuses quotations for
tin plates.
The demand for coke exceeds tho
capacity for tho Connells-
vile region, but the output has been
l6S,679 tons for the week. furnace being
quoted ct 81 60 and foundry at s3.pen
ton.
The woolen manufacture has been
hampered by doubt about tho pr!ce OF
wool and now q big combination OF
worsted producers has been formed with
several other combinations proposed in
goods Of other kinds, but these do not
encourage buying and the season cons
tinues disappointing.
In wool markets sales arc barely
equal to the ordinary consumption of
the mills dependent on them but prices
are rather weak. Cotton goods have
been advanced about per cent during
the past month and arc still rising al-
though the advance in raw cotton has
Exports ofWhcat.
Exports of wheat do not yet fall below,
last years as many have for some
months expected. and the Atlantic ex-
ports, -four included. have been for tho
week S,SO9ca2 bushels against 2,S90,S7a
last year and Pacific exports 6O3,1sf
bushels against 1,2S0,6lS last year. with
other exports Of 4O7,567 bushels. Vest