The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-11
PROGRESS IFlI MADE i;
In Ruslnesa to q more stable Posi-.

- -'1=a4 - AhVSAAS0stH isbD6 80 54Eaifte
In Business to a More Stable Post
ton - Investment Holdings In
creasing-Evidence Of Strength by
Over Subscription Of British Loan.
& NEW YORK. August lO.-R. G.. Dun
& Company's weekly review OF trade
Tomorrow will say: Is 81
ls Progress has been made toward a sta
BILE position OF business, with a few
more heavy. contracts to hold tho
ground already gained; but for q proper
Interpretation of the week s results one
must look beyond Wall street opera.
,tions, where. more than in any other
quarter, the vacation season is leaving
Its impress of inactivity. Speculation
Is cautious, but Investment holdings
are being Increased rather than dimin-
ished, and operators cannot see that
their hesitation on the ground OF poll
tics Is echoed any more in general bus
iness circles than two months ago.
Small change appears In railroad
stocks. ten industrals are 81 higher
Aa"d t'dttoR 3sSue5 Il II maui OHSps
Working forces are smaller, and will
soon be further reduced, probably for
three weeks, BY the closing down OF
cotton mills in New England, which
has been delayed longer than expected:
but our strength is evidenced to the
world by the over-subscrlntion here OF
the new British loan of f10.0O0,0O on,
about 3A per cent basis. OF which over
half is allotted to American applicants.
Explains Why Gold Goes Out.
London sales OF 900 shares of stocks
and some bonds and American pur-
chases OF the new foreign loan explain
why gold goes out In the face of for
eIgn commerce returns which show for
New York alone, for the week. an ex-
cess OF exports over imports OF more
than s5,00O.000. Exports for the week
Of ST.. 1853. 719 were more than double
those for the same period Of 1899. and
for the year the gain Is over $S5.0O0,-
900. while Imports gain only twenty
millions. The money market Is I'M
troubled by financing Of the foreign
loan, though the volume of new com.
merclal loans Is well sustained.
Cotton fell so sharply that some re-
covery occurred In an oversold specu-
latlve market. and spot sold at 10c,
when the official report appeared. not
withstandlng many Indications Of fur
Their reductions in consumption. Wheat
advanced about tc. helped by poor for
eign crop reports. The domestic out
look Is fairly cheerful. and farmers
have marketed freely. receipts at In
terror cities aggregating 6,2S7 ISL BUSH
els. against a9lS,2ls bushels last year
and 2.446.417 bushels In 1898.
Exports From Atlantic Ports.
Exports from Atlantic ports were
only 1.72O.s63 bushels OF wheat, flour In
cluded, against 2.503.344 bushels last
year, although purchases on foreign &C.
count were large and promise an in
creased movement hereafter. Corn
gained nearly &c, with the aid Of dry
weather reports. and is Sc above the
celpts and exports for the week fell
more than million bushels below the
same week in 1899. Improvement Is
slow In boots and shoes, with only n
small percentage of eastern shops at
work The textile markets have been
free from such features us marked re-
cent revlslons Of prices. but business is
OF fair volume Loss OF the Chinese
market has put coarse brown cottons
in 4 bad condition. other. grades being
less seriously affected. In wooden
goods recorders are not up to expecta-
tions. and some serges sell lower. Man
ufacturers show more interest in the
wool market, taking fair quantities and
seeking fewer concessions. 2 The tone
Is firmer, though prices are unchanged.
Individuals Acted iIndcpendentlv
A,,ho,o, Tho oon teroroa a. ch,oao,
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- - 90 , >. ~ W aus "st
cordfnc 10 the iron Age. This com
Will IL VI EoO, 40 hlUllS