The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-30
WAGE SCALES

The Cause Of the Close Of Many Fur
naces-Delay in Adjustment May
Effect Prosperity for Some Time.
Wheat Failure May Cause Euro
peans to Buy Corn.
NEW YORK, June pr. G. Dun &
Co.'s weekly review OF trade tomorrow
will say;
The country begins to feel the effects
of Its new place among the nations. In
huences affecting It's business during
the week ranged all the way from a
boycott ut st. Louis to war in south
Africa, and from sun spots TO the RELIEF
Of Pekin. Drouths and sun spots have
played their part before, but none can
quite forsee all the results OF defending
American rights in China. Political In
fluences also tend to color current opin-
ion about most things In presidential
years. All these and other influences
work together to create a state OF un-
certainty until the controversy Is over.
The long effort to hold nominal prices
for iron ut Pittsburgh has ceased, and
the associations now recognize an open
market in which Besseme: is offered
at $Is and bIllets at $26. with grey forge
at S17. Scarcely a single transaction is
reported, buyers abstalning even more
than when prices were purely nominal,
and while there are many considerable
contracts waiting for a safe basis In
cost Of material, the problem Is rather
difficult one. over thirty furnaces are
said to have gone out Of blast, and while
some have been stopped for repairs,
many more will be idle.fcr time until
wage scales for the coming year have
been settled with labor organizations,
and with a proper adjustment OF sup
plies and prices to the actual demand
heavy business is possible, but delay
at this season may nHect prosperity for
some time to come With steel plates
quoted at 1.30 at Pittsburgh, and No.
q sheets at 90 cents. no general gain
in business results from the sudden de-
cline In structural shapes.
Wheat Will be Short.
Neither official nor unofilcIaI accounts
have removed doubts about the wheat
crop, and II 1t proves as low as an es-
timat, 460,O00.O0O bushels, the extent to
which It may now be displaced in Bu-
ropean consumption by corn will be ser
TIously tested.
The exports OF wheat and corn were
420. 100000 bushels in 1888, and 1000, 900
in 1899, and have been about ts00O0,000
DuSnelS OL Wllthl anu GlVAVVNtVVN buHHIlH
OF corn in the crop year 1900, but never
as large before, for in 1892 when 225,O00,-
900 bushels OF wheat went abroad, there
were only 75,OOO.OOO bushels Of corn, But
ah recent estimates OF production have
been so far distrusted. and 1t is scarcely
good sense TO base grave apprehension
on any so early In date, and the census
this year viii show how unworthy Of
reliance some estimates have been. In
four weeks Of June Atlantic exports Of
wheat, flour included, have been TO-
g6O,O76 bushels, agalnst S.9Si.GsS last
year, and Pacific exports 2,ISs,97s BUSH
els. against 2.4i5,749 last year, while
corn exports in the four weeks have
been II .0S6,2H bushels. against 1l,4s6,596
last year. After rising four cents
I wheat closed unchanged for the week,
and corn only &c higher.
Four Cents Decline in Price.
Another general yielding in prices of
wool OF &c TO 1c on many grades would
apparently reduce the average Of one
hundred quotations by Coates Brothers
about n cent, making cents decline
since February l.
Failures for the week have been 2O7
In the United States. against 1si last
year. and q in Canada, against % last
ypnr