Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-09
D[IN'S REVIEW OF TRADE.

DUN y REVIEW un IAAUM.
NEW YORK, September S.-R. G.
Dun & Co.'S weekly review Of trade to-
morrow will say:
The sky is still cloudless and no dis
quoting change has come during the
week. In spite of more war-like news
about South Africa, the Bank of Eng
land behaves as. if the worst possible
had been fully provided for, and this
from that source unless English mar
kets have been so overloaded as to need
help. The marketing of domestic pro-
ducts, both farm and manufactured,
continues surprisingly large for the
season. The new possessions, taken
together, are returning in revenue al
ready more than it costs to clean and
govern them. The West and South
still behave as if it would be imper-
tinent for New York to offer money for
crop moving, and are still bidding for
commercial loans here Failures are
and the passage of September l with
out pressure means reasonable safety
for months ahead.
Cotton has risen three-siXteenths
since annual reports regardless of these
and owing to bad accounts from Texas.
The crop of 1898, according to the Fin
ancial Chronicle, was II ,235,3 1888 bales,
against 11,1S0969 in 1897. Southern
consumption, 14000 26 bales, and north
ern splnners taking 2,247,072, ad stocks
on hand at the end of the crop year
1872, $50 bales, with 3,600,360 balse Wis
ible and invisible carried over in all
countries. These figures fully support
estimates that smaller crop than is
probable this year will suffice, but the
market just now declines to consider
anything except that southern reports
indicate much reduced yield this
year. The market for goods is remark
prices are fully sustained.
After sharp decline, wheat has
risen u cent this week, with Atlantic
exports 2,900,966 bushels, flour includ-
ed, against 2,S25 100 last year, and Pa
cific exports, 364, 256, against 1863, 1872
last year. Corn has also taken start
upward, rising q OF a cent with ex-
ports of 3,051 1853 bushels, against g.
431,0S5 last year. So great a demand
for both grains deserves notice, but so
40 western receipts, 5,545,697 bushels
Of wheat, against 6,774,611 last year,
and of corn, 5923,437 bushels. against
4,20S,S52 last year. There is no hest
fancy in selling or in shipping, with
extraordinary foreign demands for the
season, farmers are sending forward at
remarkable low prices extraordinary
quantities of grain.
Neither philosophical explanations of
the rise in iron and steel. nor constant
addition to the number of furnaces pro-
ducing checks the advance, which has
made Bessemer pig sell for s23 at
Pittsburg, grey forge for $19.75 there,
anthracite No. / for $3.50 at Philadel-
phia, and local coke for $21. so at Chi
cago. With the whole OUTPUT of its
furnaces sold ahead for the year. the
valley association demands $23.65 at
Pittsburg on future contracts, and Chi
cage is selling mainly for delivery next
year. Finished products are advanced
in some cases S. per ton at a time with
out checking the demand as for sheets
at Pittsburg, with plates advanced 50
and wire nails SO per ton. Large con-
tracts even at these prices are reported.
many running into next year, in Chi
cago and Pittsburg, in bars and in plates
at all points, with 5000 tons western
and large eastern bridge contracts
taken by works four to five months be-
hind already, and inquiry for % miles
OF pipe for South Africa pending.
Tin is strong at 321s cents for spot,
with 1855 tons decrease in all visible
supply; lake copper is steady at 1919
cents, with heavy buying for electrical
use, and lead is quiet at s4.60.
Preparations for other wooden COM
binations affect the market for goods
somewhat, which is nevertheless strong.
although some Irregularities have de-
veloped in worsteds. The wool market
is much less active than of late, with
sales Of only s,225,2oO pounds at the