The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-26

MORE ELOQUENT
THAN FACTS.
The Clearing Houses Continue
to Toll the Story Of Large In.
crease In Business.
SOME REMARKABLE FIGURES.
Prastlcally all industries are
Some Months Behind Require
ments for Actual use.

NEW YORK. August 2S-R. q. Dun
& Co.'s weekly review OF trade will say
to-morrow;
Nothing % more eloquent than facts.
Actual payments through the principal
clearing houses for the week were 2S.t
per cent larger than last year. and 5s.2
per cent larger than In the same week
In 1854 For the month thus far, the
daily average of payments has been
2OS per cent larger than last year, and
$50 per cent larger than in 1899. Ton
mage from Chicago In three weeks has
been so.7 per cent larger than last year
and N,ss per cent larger than in 1899.
It Will not be suggested by anybody
that such an astonishing Increase over
the most prosperous of all past years
except the last year was expected. Most
people really regarded last years ex-
pansIon as something like a freak. Nor
Is the difference In the amount OF pay
ments mainly due to rise prices, for
prices OF several hundred articles &C.
tually range lower now on the whole
than in August, 1892,
1t Is a consumers business also. Per-
haps never before have demands for
actual use controlled business and
prices with so little speculation to an-
ticipate higher markets. In fact the
rise in most articles has gone farther
than speculative opinions have war
ranted.
Practically all industries are some
months behind the requirements for ae-
tual use, and in many much of the
output next year is already sold.
AIIIndustries Crowded.
Iron works which supply Pittsburgh
are sold up far into 1900, and can do
nothing, though prices much beyond
what they received are paid by those
who must have iron this year. The
enormous demand for more rails and
cars. more vessels, warehouses and
buildings, to handle the extraordinary
business in progress can not be met as
quickly as men would lile, and work
OF all sorts qia delayed. from the big
eest war vessel TO the smallest factory.
The boot and shoe business is like
wise crowded, not so far ahead Of pro-
duction, but farther than many pro-
ducerS like, by the clamorous demand
Of jobbers, who can not keep up with
retail distribution. Prices have risen
quite generally 2M cents per pair. but
the only shrinkage Iu orders as the sea
SON waneS is welcome to producers al
ready committed far ahead. Shipments
IN three weeks have been Is per cent
greater than In any previous year, and
% per cent greater than in 1882
The sales OF wool are enormous, ss'-
s771so pounds in four weeks, sO,1ls,iso
pounds being domestic. with prices
generally unchanged, though eonees-
slons are now made to secure sales in
some lines.
Grain Market.
Reports OF injury to wheat In the
northwest have likewise affected the
market, but only for day or two the
price closing Y cents lower for the
week. western receipts no longer keep
up with the extraordinary movement a
year ago, falling 100000 bushels behind
for the week, but for four weeks have
been 1885, ~ bushels, against 1ltS64,s2l
bushels last year.
Atlantic exports were slightly larEer
than last year. and in four weeks L.
I21 ,s22 bushels, fiour included. against
117s7,2s5 bushels last year. while Pa
cIae exports have been sS2,O2i bushels
for the week, and in four weeks i,sss' $50
bushels, against l,S5s,7sI bushels last
year. Corn exports continue heavy In
four weeks, is,72a, 5S4 bushels. against
S.sis, lis bushels for the same weeks last
year, and rose lh cents during the
week.
Failures for the week have been lSs
in the United States against 40 last
year. and ls In Canada, against 2s last
year.