The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-12-02
LARGE,
PROSPEROUS
And HEALTHY
d the way Dun's Review Declares
the Business Situation at the
Present Time,
DEFAULTS sOCRNTS in $1,000
Prices Of Materials Make Iron Moro
Expenslvs to Manufacture Than
Last Year.

NEW YORK. Dec 1.-R. G. Dun q
Co.'S weekly review OF trade tomorrow
viii say;
Business continues wonderfully large,
prosperous and healthy As the detail
edlIstof failuresby bTanchesof business
cannot be made until noxt week. It
seems well to say that in four weeks
failures have been reported amounting
to $s,s4S,5sO, against Ss.i1O,475 In the
same weeks Of last year, S1lslOlSs In
1887 and over sl2,OOOOOO In 1893. and
also In 1895. Yet the volume Of solvent
trade reported by exchanges at the
principal clearing houses has been for
the month 22.B per cent greater than
last year and 40 per cent greater than
In 1892. Thus the ratio of defaults to
business payments was 81 81 in $1,000
for November. 1895, and 50 IS for 1895
and e Is for 1887. but 81 % for 1888, ana
only % cents In $1,000 for 1899. In many
lines the volume OF business has been
larger than In October, nOtwlthstand-
Ing the extraordinary flood OF buying
ever since the beginning Of last March.
wheat remains weak, yielding one
cent and quarter, although western
receipts were barely half last years for
the week and for four weeks, only a.
1886 bushels, against ss,6O2,7S9 last
year. The great decrease in Atlantic
exports, for the week, only 2,4io.654'
against s,12s,Oss bushels and for four
weeks 1O,17s,7S5, against 17,sss,2io last
year, explains much weakness.
Corn declined one cent, with slightly
smaller exports than last year for the
week, but for four weeks, 15,265,745
bushels against 11,l79,osS last yea7'
The cottonmoyement has not changed
much, but prices gained a sixteenth for
the week, closing at 7.s1 against 662
last year. The larger talEings Of spin-
ners and the great demand for goods
have materially helped the rise. Cot
tGf ooaS,.have rsmaiped strong all
coming forward, not under contract
being snapped up quickly, With con-
tracts stlll untitled running into next
wear. In woolens a strong demand COM
tlnues for dress godds and cotton wasp
and all-wool cashmere5 tend higher,but
there is not much change in mems
wear, nor such rise as to justify the
high price paid for wool. Sales con-
tInue heavy, but largely speculative and
stimulated by the rise in London The
excitement Of speculation leads many
to overlook the fact that purchases Of
goods are to some extent hindered by
the rise already made.
The iron manufacture has to meet q
greatly Increased cost of material next
wear. Prices for 1900 have been iixed
nj IS so for Bessemer ore at lower ialSo
ports, against 50 90 last year. and 81 %
FOR nom Bessemer, against 50 last year,
while coke at 32 70 for furnace, with
blph rail rates in every direction, indi-
cate that Iron Will not be made next
wear as Cheaply as 1t has been. Prices
az pig stllI advance, according to the
Iron Age, ,Bossemer to S25 ut Pittsburgh,
with very small transportations, and
grey forge to S2l 25, quotations at other
points being unchanged. Prices Of
some finished products are stlll yield
,ng as works run out of orders and
compete with each other for more busl-
ness. and refined bar is 81 per ton lower
at Philadelphia, common 81 per ton
lower at pittsburgh, and plates 50 lower
NJ philadelphia, with further eonces-
sIons in sheets because many of the
tIn.plate works are now closed Some
Of the iron works about Pittsburgh are
running half time.
The shipments OF boots and shoes In
,our weeks have been s7s,sO1 cases, Il
mar cent larger than in 1897 and 80 per
cent larger than In 1894, exceeding
those Of other years even more But
new business, although considerable in
ouontlty. shows a marked decrease be-
cause of the prolonged rise in prices
even though that rise has been relative
IL less than the advance in leather,
which stlll continues, or In hides which
has apparently been checked again.
Failures for the week have been ia In
the United States against 2si last year
and q in Canada against 10 last year