The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-02-11

NEW YORK, Feb. l0.-R. G. Dun &
Co.'S weekly review OF trade Will say to-
morrow:
not been shaken by speculative rcac-
tlon. Stocks have been slightly lower
and the market is all the better because
much unsoundness and unreason have
been shaken out. Speculation in wheat,
which for n time depressed prices. has
also taken turn and with heavy cx-
ports the market tends upward again.
The cotton movement is not essentially
speculative. but based on reported In
jurles and holds It's advance. Mean
While dispatches from all parts of the
country show extraordinary activity In
the chief branches OF trade, and u bus
iness much larger than year ago in
nearly all.
Wheat Market.
The heavy excess of exports over
imports continue. New York exports
having been in five weeks 16 per cent.
larger than last year, while import,
We're 3 per cent. larger.
In wheat, Americans are getting
profits even though prices are lower
than they were some months ago. After
some yielding the price rose 10 1856
cents, and the May option rose 74c dur
Ing the week. with Atlantic exports of
3,926Gg2 bushels, flour included, against
2.l7492l last year. and total exports. In
cluding the Pacific coast. 4,6i1. .4O1 BUSH
els, against 2960,5l5 bushels last year.
Western receipts have been 3.O16,i06
bushels, against 2,957,I1O for the week
last year. while corn exports for tho
week were also 3.102.6O9 bushels.
against 3,365.9IG bushels last year. At
higher or lower prices foreigners are
constantly taking more wheat and corn
from us than in any previous year.
Cotton and Wool.
The cotton market is in slightly
stronger position, because foreign buy
ing continues beyond precedent. while
home indications now point to a smaller
crop than was expected.
Goods are rapidly rising with the ex-
panding demand. but the material has
advanced only an eighth.
What wool is worth in view of the
great stocks yet unconsumed few are
able TO judge, and that fact hndcrs ad
justment of prices for-~goods. Sales
have been small. only 6475.40O pounds
at the three chief markets for the weel-
against 5.30S,2O0 last year and 9.17j,9Oo
pounds IN tEassamc week OF, 1897, biz z
this year and in 1887 the Luylng has by
no means represented consumption
only. While quarter and half blue wool
and delaine have been in demand and
firm. the quotations indicate weakness
in Ohio and other fleece. The goods
market Is of similar character, strong
for cheyiots and sergcs, but not for
fine, high grade or plain goods.
The Iron Industry.
The iron industry is SO exploited by
consultations and attempts of that
nature that it is wonderful prices have
not reflected distrust. Instead there
have been general advances in pig be-
cause the demand has been large, for
Bessemer ut Pittsburgh 10 sn 40 and
grey forge to $40 rs. and in finished
products because nearly all are in de-
mand beyond the capacity OF works for
some time 10 come. The advance Of ten
cents per keg III wire nails by the as
sociation was not caused by any es- /.
pecial pressure for supplies. but rails
have advanced 81 per ton and bars 81
because OF urgent demand. especially
at Philadelphia and Chicago for several
thousand tons, and plate mills are
everywhere overcrowded. At the same
time the many negotiations for consol-
idation of interests arrest trade in some
quarters and disturb it in others, caus-
ing unusual irregularity in prices. Tho
pipe consolidation appears TO be stop
ped for the moment by opposition Of ono
company, but the activity is greater
than ever before. About 10000 rails have
been sold at New York, half for Nova
Scotia road. In hoops there is no ad-
vance, and the Standard OIL company
has made contract for 5000 tons at
very low figures. The demand for black
sheets is beyond the capacity OF the
mills.
Failures for the week have been 2l7
In the United States. against 295 last
year, and 35 in Canada, against 43 last
year.