The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-01-20
CONCESSIONS

6AllWe GNHANN4 AAattNH y NAANA-
Big shoe sales Wool and Cotton
Goods Higher.
NEW YORK, Jan. i0.-R. G, Dun 4
Co.'S weekly review OF trade tomorrow
win say;
Whether the new year VIII eprpQHa er
keep pace with tho old . the question
which gives especial Interest 70 every
weeks returns. Comparing now with
business BY far the largest and me1t
prosperous ever known a year ago,more
than 20 per cent larger Than In January,
1885 which in It's turn had shown
heavier business than In any year pre-
cedlnE, It cannot be expected that such
a gain viii bs repeated. But the de-
crease OF Gs per cent In Payments
through clearing houses Is wholly due
10 great speculative activity ct New
York last year. with sales l40al,saS
shares against S.61S, 800 to the same date
this year, for payments outside this
city have been 80 per cent greater than
year ago and greater than In the
same part Of any other month,
This week one contract Of 1900 tons
for a western road and two for bridges
requiring L, 1000 tons. are the only largo
transactions reported in iron products,
but heavy business was secured bY
concessions for plates ut Pittshurgh sO-
ing materially below s2 %, and for bars
at Phllhdelphia below S2 20. the price
Of the association. Sheets are also
lower at the east but 81 higher at Pitts
burgh. Sales Of foundry pig at reduced
prices include two for 10000 tons, and
No. / Lehlgh is quoted at $si, but Hes-
semer and grey forge at Pittsburgh are
held unchanged. though without sales.
The copper output of this country In
1899 was 2s2, 200 tons, greater by $1,000 OF
5sh per cent than in 1895, while the for
elgn product last year s9,24o tons, gain
ed in the four years only s,os2 tons. The
prices Of copper and lead arc un-
changed, with tin higher at 27hc.
Perhaps the most important indus
trial event Is the marketing OF woolen
goods, with prices averaging 1874 per
cent higher than last year, many
makes having been promptly sold up
and withdrawn while others sell so wel'
as to give great encouragement AZ
wool quotations average $40 per cent
higher than year ago, the rise In
goods Is not excessive. But hopes Of
wool speculators for further rise wero
dashed by the fall OF per cent in me-
rinos at the London sale, with cross
breds weaker, and considerable sales at
concessions Of III to cents followed
here. one Of 100000 pounds Montana at
20 cents, with numerous orders to sell
consIgnments hitherto held of the mar
ket. sales in three weeks 1i,s20,so0
pounds, have been smaller than in the
corresponding week Of the three preyi-
GUS years.
Business ir cotton goods begins to In
crease, though in staples are stlll mod
crate, the goods now averaging 297 per
cent higher than a year ago, and with
the rise this week to ISL cents cotton
is ss.1 per cent higher. Belief in a
short crop has helped the goods market
and stlII sustains 1t. though cotton Is
little lower than 1t was two months ago.
Receipts from plantations continue
over third smaller than last year, but
exports decreased quite as much.
Shipments OF shoes from the east in
execution of old orders continue larger
than in any previous year, 2s0,S5s cases
in three weeks, over 20 per cent larger
than last year. and a.S per cent larger
than in 1898. But new business docs
not amount to a quarter of the current
production, 1t IS said, and In every llae
doubt about maintenance Of prices him
ders buying.
The market for breadstuffs Is not ae-
tive, nor have changes in prices OF ele-
vator wheat been OF any consequences,
but the active May option shows a
sharp decline. Atlantic exports con-
tinue far below last year, in three weeks
soss,s25 bushels against 1s,224os2 last
year. and Pacific exports in the same
weeks were 2,291,775 against 1,s5s,ss4
last year. Western receipts were In
three weeks only S,sS21S2 against 49,
oO5. .4s2 last year. Corn receipts are
smaller than last year by 100000 BUSH
els for the three weeks while exports
have been 1O3S5,1S5 bushels, against
$50, ,4ss last year. and this active move
ment caused spot quotations to adj
vance.
Failures for the week have been 2A2
in the United States against 2ls last
year and 20 In Canada against 50 last
vear.